Category: Exploration and Development

Mexus Gold US President Paul Thompson is happy to report that his recent visit to the Santa Elena mine was successful and confirmed that the project is still on track to be in production late October 2016. The recent storms which passed through the area slowed progress at the mine site but the crew continues to push forward.

Candente Gold Corp. is pleased to announce that Sun River Gold has delivered test results and advised the Company that it has identified a treatment process which it believes could be the basis for a gold and silver recovery operation on the Company’s Mexico Mine tailings project in El Oro, Mexico.

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased with progress at Thor with encouraging initial exploration results and mineral title and access agreements now in hand. We look forward to additional exploration targeting work and drilling to follow. We are keen to test these copper target areas in a geologic area that has seen little previous exploration.”

“I am exceptionally pleased with the results achieved by our Black Fox and San Dimas exploration teams,” stated Ernest Mast, President and Chief Executive Officer. “At Black Fox, the Deep Central Zone is now delivering production ore and we have successfully identified additional high-grade mineralization to the west. At San Dimas, it is reassuring to see that our high-grade veins can continue to be extended with similar or greater widths than currently being mined. And as we look regionally at San Dimas, onto our concession not covered by the Silver Purchase Agreement I am optimistic about the initial results from the Causitas vein which has the potential to augment current mill feed given its proximity to an existing main road. The Causitas area, located in the Lechuguilla concession, is highly prospective and I look forward to announcing additional exploration results from a drilling program from this area before year-end.”

Dunham Craig, P.Geo., Interim CEO remarked, “The remaining drill hole results from the Phase I drill program intercepted the Las Chispas vein which has further demonstrated continuity of high grades and potential mineable thicknesses. Phase II exploration work will continue to define the Las Chispas vein for resource estimation expected in H1 2017. As we continue to systematically explore this district-wide discovery with multiple undrilled epithermal veins, we could potentially have several more discoveries. The Babicanora area (no previous drilling), immediately adjacent to Las Chispas and William Tell veins, is considered the largest target in the district and will be tested in Phase II exploration.”

Endeavour CEO, Bradford Cooke, commented “We are pleased to add another high-quality silver exploration property to our project pipeline. Parral should be an accretive acquisition pursuant to our five-year strategic plan to become a premier senior producer, with potential for exploration discoveries, district acquisitions, near-term production, and organic growth.

Silver Standard Resources Inc. announces today that it has entered into a definitive agreement with Endeavour Silver Corp. to sell 100% of its Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties. Endeavour Silver is a mid-tier precious metals company with a track record of exploring for, developing and operating mines in Mexico.

Glenn Jessome, President and CEO of Oceanus, commented “Our drilling at El Tigre adds and confirms wide zones of precious metals mineralization that demonstrates potential as a bulk tonnage target. The Oceanus technical team believes that El Tigre could be another significant bulk tonnage project in the Sierra Madre Occidental.”

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting production costs of $592 per oz. gold at San Jose de Gracia for the first six months of operations in 2016. Details of the operations are contained in the Company’s Form 10-Q for the period ending June 30, 2016, and filed August 19, 2016 with Edgar.

These results confirm the presence of a shallow dipping (“SD”) zone of veining adjacent and outside of the January 2016 Amended PEA pit. In addition, hole TU-16-465 intersected what is likely a new zone of high grade veining immediately beneath the Amended PEA pit, while TU-16-463 intersected two new veins located roughly 100 meters north of the previously known vein system. The holes were all drilled from the same pad and intersected the previously defined subvertical Ixtaca North vein zone as well as the new zones of veining (see attached section and plan maps). Highlights from these drillholes include the following intercepts for the Ixtaca North Zone and new zones: