Category: Exploration and Development

Managing Director Will Dix commented: “The new intersections to the south of our modelled mineralisation continue to support the Company’s view that significant base metal resources exist down dip and down plunge of the mine development. We will continue to pursue this area and other targets to build our resource base. In addition we will look at regional targets and aggressively pursue other opportunities as they are identified, be they within the current mine infrastructure or in new areas.”

“Our high-grade discovery at Naranjillo and the resulting Agreement with Fresnillo, the world’s largest silver producer, validates the Plata Latina exploration strategy of discovering hidden, high-grade silver-gold districts within the Mexican Silver Belt,” commented Plata Latina’s President and CEO, Mike Clarke. “We look forward to putting the proceeds from this Agreement towards the advancement of our three existing properties, particularly Vaquerias, which exhibits significant shallow discovery potential based on early testing and drilling. Further, the funding will enable us to look for additional opportunities in the prolific Mexican Silver Belt using our successful exploration strategy.”

Los diputados Santiago Domínguez Luna y María Elena Ortega Cortés, presentaron la iniciativa con punto de acuerdo, por la que se exhorta al gobernador a que establezca una mesa de trabajo y diálogo con autoridades federales, estatales y con la empresa minera denominada Panamerican Silver.

J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show continuing expansion of the known high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, this exploration drilling demonstrates additional resource potential both laterally and, because we are at the top of a fully preserved epithermal system, future exploration drilling will also test for feeder veins beneath the Ixtaca sheeted vein zone.”

Prospero Silver Corp. is pleased to provide an update on recent exploration work on its Mexican project portfolio. In October 2016, Prospero raised C$1.85mvia a private placement to fund its generative programs through 2017.

Since September 15, 2016, when Marlin began consistently mining the high grade HS Zone, the Company has stacked 66,923 ounces of gold with 7,447 coming in January alone. The tonnes stacked in January had an average grade of approximately 1.87 grams per tonne. In addition, Marlin has built up an approximately 485,000-tonne stockpile of mineralized material with an average grade of approximately 1.37 grams per tonne. Management expects to process grades similar to the average stockpile grade as we accelerate mining to reach the southern part of the high grade HS Zone by the third quarter of this year.

Canada’s Minister of Natural Resources, the Honourable Jim Carr, led an official visit and trade mission to Mexico this week. Minister Carr and Mexico’s Secretary of the Economy, Ildefonso Guajardo, signed a Memorandum of Understanding (MoU) on Collaboration in Sustainable Mineral Resource Development that will benefit both countries over the coming years by laying the foundation for greater trade, stronger growth and job creation. The Minister also congratulated the Canadian Electricity Association and Mexico’s Asociación Mexicana de Energía on the signing of a groundbreaking MoU that will further enhance electricity cooperation between our two countries.

The Company is pleased to announce that drilling of the Company’s La Reforma property is about to commence. La Reforma is one of the seven properties that the Company has under option to Desarrollos Mineros El Aguila, S.A. de C.V., a wholly owned subsidiary of Fresnillo PLC in the Uruachic Mining District in Chihuahua State, Mexico. After completing field work during 2016, the Company has been advised by El Aguila that they will commence drilling on this property shortly.

James McDonald, President and CEO stated “We are very encouraged with the consistency of results from our initial drilling on the Soledad structure and its potential to yield future discoveries along its 2 kilometer strike length. These results, combined with the success of the previous 11 holes of the phase I drill program that identified an entirely new silver discovery within a 400 meter strike length on the nearby RAM structure, reinforces our belief that La Cigarra and its surrounding mineralized structures offer significant development potential to add to our future silver resources.”

“Recent drilling results confirm our ability to discover additional high-grade manto mineralization both near surface and around our existing resource,” stated Ben Pullinger, Vice-President, Geology. “The discovery of a connector zone between the Guadalupe North and 6A Mantos is very encouraging and provides more flexibility in our mine plans and allows us to open up new headings closer to surface.”