Category: Exploration and Development

GOLDCORP INC. today announced a controlled shutdown of operations at its Peñasquito mine, following an illegal blockade by a trucking contractor that began September 26, 2016. Goldcorp recently undertook efforts to diversify its local transportation supply chain and distribute economic benefits to more local suppliers, while realizing cost efficiencies at the mine.

Mexus CEO Paul Thompson added, “These are exciting times for Mexus. We now have 3 different properties that are at varying levels of discovery and/or near production. I foresee a time in the not so distant future where this company will have 3 producing mines creating outstanding cash flow and return for our shareholders.”

Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the drill program, commented, “the results that we have received for the first drill hole are very encouraging and I look forward to the results from the other two holes designed to target this zone. The near-surface Au-Ag mineralization we have encountered is typical of epithermal low-sulphidation type deposits found in the area.”

Silver Bull recently commenced an exploration program to target potential sulphide mineralization at depth believed to be underneath and adjacent to, the main zone of mineralization already defined at Sierra Mojada. Deep structures are thought to be the conduits from which the shallow mineralization seen on the project has been emplaced, and are the targets of this program. A number of drill holes have previously intercepted structurally controlled sulphide mineralization such as drill hole “B11144”, which intercepted 8.45 meters at 17% zinc, 5.45% lead, and 60g/t silver starting at 193 meters. In addition, recent underground mapping and sampling identified another area of structurally controlled sulphide mineralization with underground channel samples returning grades up to 690g/t silver, 15.25% zinc, 4.8% lead, and 1% copper.

President Lawrence Page Q. C. stated, “Since Southern Silver joined forces with Electrum in Q4 2015, Electrum has consistently demonstrated its willingness to provide funds and expertise on a timely basis to allow the completion of an initial Resource and to continue exploration to test the extent of the large property while the Resource at the Cerro is expanded and developed. Southern Silver is well funded to continue its programs and we look forward to continuance of a long and fruitful relationship in the development of the Property after earn-in and establishment of a joint venture for the exploitation of the Resource.”

Orex’s President, Gary Cope says, “The third phase of drilling results continues to show strong continuity of the mineralized unit and will be added to the drill hole database for next month’s upcoming Resource Estimate.”

Greg Crowe, President and CEO noted: “It is very encouraging to see such strong investor interest in Silver One, in what is shaping up to be a resurgent silver and precious metals market. With the closing of the Private Placement Financing and the Transaction with First Mining, Silver One can now begin advancing its newly acquired silver assets.”

“We are very pleased to receive high grade results right at the outset of our initial sampling program at La Quintera.” stated Darrell Rader, President and CEO. “We have now commenced an exploration program to locate further high grade silver zones and to define drill targets.”

Argonaut Gold Inc. regrets to advise that an employee of its Mexican subsidiary Minexson S.A. de C.V was fatality injured as a result of an incident on Sunday, September 25, 2016.

“This new resource estimate highlights the important progress we’ve made since the last resource estimate” said Avino President and CEO, David Wolfin. “During the past ten years, our mine site exploration efforts have been successful, consistently identifying new resources.”