Category: Exploration and Development

NEW DISCOVERY: DEEP ZONE EAST (VM2): 29.85m (true width) grading 235 g/t (6.87 opt) silver, 0.50 g/t gold, 4.76% lead, 5.79% zinc, 0.99% copper, including: 7.21m (true width) grading 475 g/t (13.86 opt silver); 0.66 g/t gold, 1.91% lead, 5.27% zinc, 2.38% copper.

NEW DISCOVERY: ANTICIPADA VEIN: Hole P-13: 6.68m (true width) grading 105 g/t (3.06 opt) silver, 2.69 g/t gold, 3.59% lead, 10.79% zinc and 0.23% copper.

GREAT PANTHER SILVER LIMITED announces that it is resuming mining and processing operations today at its Topia Mine in Durango, Mexico, following last week’s temporary shutdown.

“We are extremely pleased to commence work on the Feasibility Study,” stated Mark Backens, Interim CEO. “With the improvements in our balance sheet and operations at the San Francisco Mine, we can begin to unlock the value of Ana Paula. We continue to view this project as one of the best development-stage gold projects in North America. With its higher grade, low cash costs, high capital efficiency and industry leading Internal Rate of Return (“IRR”), Ana Paula will be a very profitable mine. Further, the El Sauzal facilities will provide us a head start to rapidly advance the project to construction-ready status.”

Santa Maria drill results support the previous resource estimate and are favorable for continuing to evaluate plans for further development. Earn-in exploration and development agreement on Golden Minerals’Celaya property signed with Electrum Global Holdings. 2,000-meter drill program begun on Rodeo project. San Diego claim interests sold to Golden Tag for $0.38 million plus 2.5 million Golden Tag shares.

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 the delivery for sale, on August 10, 2016, of an approximate 525 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the 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, we are also conducting exploration drilling to test for additional resource potential.”

Kootenay President and CEO James McDonald, stated, “We are excited to start our drill program at La Cigarra, which will begin with the first ever drill test of the high-grade RAM silver target. The primary objectives of the program are to test this high priority target and to expand the existing La Cigarra resource which is open in three directions with particular attention to intercepting higher-grade silver. These are the first steps toward a new resource estimate and to proceeding with a Preliminary Economic Assessment on the project.”

A new tailings storage facility is necessary to allow the existing TSF to be decommissioned, which will enable Avino to begin assessing the upper sulphide bench as well as the lower oxide bench in areas that are currently being used to store tailings from our active operations.

Southern Silver Exploration Corp. reported today 2016 drilling on its Cerro las Minitas project has successfully identified a new mineralized extension on the project and continues to demonstrate the continuity of contact skarn around the margin of the central intrusion each of which could significantly expand the overall size of the project.

Almadex Chairman, J. Duane Poliquin commented, “These results now show the potential of the El Cobre project to host a significant gold-rich porphyry system. The Norte zone is one of four well defined porphyry centres within a very large zone of porphyry related alteration. We look forward to following up this exciting intercept with a drill program focused on the goal of defining a new gold-copper resource in Mexico.”