Category: Exploration and Development

Since September 15th, when Marlin began consistently mining the high grade HS Zone, the Company has stacked almost 19,500 ounces of gold with 18,052 coming in October alone. The tonnes stacked in October had an average grade of approximately 4.30 grams per tonne. In addition, Marlin has built up an approximately 50,000 tonne stockpile of mineralized material at similar grades waiting to be crushed and stacked onto the leach pad.

Endeavour Silver Corp. announces closing of the acquisition of a 100% interest in the Parral properties from Silver Standard Resources Inc. The Parral properties are located in the historic silver mining district of Hidalgo de Parral in southern Chihuahua state, Mexico. The properties cover 3,432 hectares, are accessible by paved highway, and contain large veins traceable for eight km. Details of the acquisition were announced by news release dated September 14, 2016.

San Marco’s CEO, Bob Willis stated; “we’re excited to be back at work at Chunibas, completing the multi-faceted exploration program the project deserves. Initial work has shown that mineralization is much more extensive than records indicated, and that there is potential for bulk tonnage zones in addition to narrow, high-grade targets. The current program will position us to carry out an efficient and cost effective program of trenching and drilling on this 100% owned project.

“Our geological team at the Pinos Project has demonstrated continuity of gold mineralization below the known workings on the Cinco Estrellas Vein structure,” stated Ramon Perez, CEO of Candelaria Mining, “The Company plans to continue exploring in areas of high-grade mineralization on the Cinco Estrellas vein and other veins in the district.”

Kootenay Silver Inc. is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone as part of its initial 3,000 meter drill program on its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. The 11 holes tested the northern 500 meters of strike on the Ram structure. Management believes the RAM target has potential to host high-grade silver mineralization within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Assay results will be released once received and compiled.

Almaden Minerals is pleased to report on the Company’s 100% owned Ixtaca gold-silver deposit located in Puebla State, Mexico and the progress of its on-going Pre-Feasibility level metallurgical test work program.

Orex’s President, Gary Cope says, “A first Resource Estimate is a major step in an exploration project. We have achieved this benchmark in less than a year from the start of diamond drilling and we believe that this initial resource is the first of many to come.”

Torex Gold Resources Inc. regretfully announces that an accident occurred at its Guajes pit on the afternoon of October 28th in which Mr. Jose Manuel Martinez Martinez, an employee of Equipos y Maquinarias del Sureste S.A de C.V, was seriously injured by falling rock. The mine’s emergency response team transported Mr. Martinez to the hospital in Iguala where, despite the best efforts by the hospital medical staff, he passed away during surgery.

Mexus Gold US President Paul Thompson stated today that the startup of production at the Santa Elena mine will not occur in October as previously stated. This change in timeline is due to unforeseen issues with the import of certain materials as well as the already documented weather issues. CEO Thompson added, “The move of our production start date should not alarm investors. We expect to issue a release on production soon. I ask for your patience as we complete the initial steps in what will be a long term and profitable mine for the company.”

Riverside Resources Inc. is pleased to provide an exploration update for ongoing work at the Thor Project in Sonora, Mexico. The Thor Project comprises two mineral concessions that together cover 11,275 hectares, which were previously staked as part of the Company’s past exploration alliance with a wholly owned subsidiary of Antofagasta plc. The Alliance was formed for the purpose of identifying and exploring copper porphyry targets in Northern Mexico.