Category: Exploration and Development

“We are thrilled to add another 75 meters on strike of high-grade veins at our Switchback vein system,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation. “Hole 516150 represents over 275 meters of vein system strike expansion since the first of the year, an increase in strike of over 90% since January 1, 2017. As I have referenced in the past, the discovery outcrop of the Switchback structure is evident in a ridge now over 200 additional meters further on strike to the northwest from this new intercept in drill Hole number 516150. As these high-grade mineralized veins continue to expand, they may not only extend underneath the surface expression of Switchback, but may continue further along strike as well….”

Riverside Resources Inc. is pleased to announce that the Company has signed agreements with Gunpoint Exploration Ltd. and Millrock Resources Inc. to consolidate the former company’s three La Cecilia Margarita concessions with the Violeta concession into a unified Cecilia Gold Project. The Cecilia Project, located in northeastern Sonora, Mexico, is targeting epithermal gold-silver mineralization in a rhyolite dome setting with potential for open-pit mining.

El gobernador Alejandro Tello Cristerna calificó al impuesto de responsabilidad ecológica como “una acción de justicia social”, durante la presentación del Plan Estatal de Desarrollo (PED).

“The Company’s optimization program at Platosa is progressing well, with submersible pumps coming online by year-end 2016 and initial pumping results far exceeding our expectations,” stated Brendan Cahill, President and Chief Executive Officer. “With the first two submersibles started, we achieved over one metre of drawdown in the first week of operation, far beyond forecast and yet further proof of the project’s efficacy. Well drilling continues on schedule, with nine of fourteen wells now complete and ready for pump installation. We are currently calibrating the well set-up for installed submersibles to ensure sustained pumping operations going forward and remain on track to complete the implementation by the end of Q1 and attain dry mining conditions during Q2.”

Gold Resource Corporation is saddened to report that an employee was fatally injured at its Arista Mine in Oaxaca, Mexico on January 29, 2017. The accident involved the operation of heavy equipment inside the mine.

McEwen has said that Don McEwen, his father, was his inspiration in life.

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “The mill grade resource of about 50,000 gold equivalent ounces has the potential to provide us with more than two years of feed for our Velardeña oxide plant. This could be an important replacement to the Company’s current cash flow from the mill starting in 2019 after the Hecla lease expires, assuming positive economic results from our ongoing studies of the Rodeo deposit.”

Thomas Atkins, President and CEO of Mammoth commented on the results from this program stating: “We’re pleased with the results from the PIMA-XRD survey. These results provide us with improved recognition of areas within the larger 15 square kilometer area of precious metal mineralization that would appear to be nearer more intense hydrothermal activity. The model for a High Sulphidation precious metal system, as is believed to exist at Tenoriba, suggests that the nearer the source of hydrothermal activity, the nearer one is to identifying the sources of the precious metal mineralization on the property. The results of this program combined with additional indications hydrothermal activity such as hydrothermal breccias, intense silicification and vuggy silica, associated with favourable geochemistry and precious metal mineralization, reinforces and helps better define the most likely source of the mineralization on the property….

Christopher Ecclestone the CEO of Alix Resources commented: “With this trenching, the imminent met work results and the upcoming drilling the potential of Agua Fria should start to become apparent. The trenching in particular has expanded the Company’s view of the size of the mineralization and has given us an enhanced target map for the drilling season”.

“After conducting weeks of due diligence on site in Durango, Mexico, I am confident and excited with the value the Magistral Project is going to bring to MX Gold. The company and its shareholders can look forward to us reporting on our progress from Durango in the weeks to come.” – Bert McPherson, President.