Category: Exploration and Development

N. Eric Fier, CPG, P.Eng, President & CEO stated, “Las Chispas is a very exciting brownfields exploration story. The project area consists of a district size target with multiple historic surface and underground mines that reportedly produced an estimated 100 million ounces of silver and 200 thousand ounces of gold between 1880 and 1930. Reported average production grades from limited public information were approximately 15 grams per tonne (gpt) gold and 1,700 grams per tonne (gpt) silver over widths of 1 to 5 metres. Our initial underground channel sampling of exposed mineralization has shown grades up to 15.1 gpt Au and 1,340 gpt Ag over 1.3 metres. To our knowledge, all mineralized zones in the district, which include multiple epithermal veins, have not been previously drilled. The underground rehabilitation program will help further assess the potential for near surface deposits and deeper extensions of mineralization. A majority of the underground workings have been inaccessible for over 80 years, and historic records suggest several previously developed areas were not mined due to closure around 1930. The Company is well financed with over $6.5 million and the 2016 exploration expenditures are expected to be in the range of $1 to $1.2 million.”

Golden Minerals Company announced today that it has started a 3,000-meter drilling program on the Santa Rosa vein in the San Luis del Cordero Project in Durango State, Mexico, under an exploration and exploitation agreement signed with the wholly-owned Mexican subsidiary of Prospero Silver Corp.

Prospero Silver Corp. is pleased to direct the reader to a news release published today by Golden Minerals Company where Golden announces the commencement of a 3,000-meter drilling program on the Santa Rosa vein at its San Luis del Cordero Project in Durango State, Mexico. This is pursuant to an exploration and exploitation agreement signed with Golden and Prospero’s wholly-owned Mexican subsidiary.

IMPACT Silver Corp. is pleased to announce more high-grade drill results for silver over wide widths from the Deeps Zone of the San Ramon Mine, located five kilometers southeast of IMPACT’s 500 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District of central Mexico. Results from these new drill holes are as follows:

Mr. Francis Biscan Jr., President of Firma Holdings Corp., stated, “We feel very fortunate to have secured this opportunity. With a project that has been advanced to the degree of Magistral, being fully permitted, with all the metallurgical work completed by a reputable firm, such as Kappes Cassiday, it is a very rare find for our company. Additionally, because of the way we were able to restructure various elements of the project, we have created a project that can be very attractive to a JV Partner or a direct funder. We believe the mining sector is looking for low cost production over exploration and we would attribute that to the interest from multiple groups that are actively engaged in due diligence and the desire to make an offer to partner with us in the production of Magistral. The ability for a project to be in production within a 120 days of funding, adds to interest and motivation to drive an attractive deal.”

“We continue to demonstrate upside through exploration at our two operating mines,” stated Ernest Mast, President and Chief Executive Officer. “Continued investment in exploration is critical to maintaining successful underground mining operations, and we are pleased to see significant returns on our investment dollars. Primero will continue to explore and grow our mines with $9.1 million budgeted for exploration at San Dimas in 2016 and $8.9 million at Black Fox. The Company is committed to preserving the longevity of its key mines, ensuring stable revenue generation and secure employment for our workers for years to come.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to be adding new quality gold and copper targets to the Riverside portfolio for low acquisition and go-forward carrying costs. We will look forward to completing follow up sampling and further field evaluations at Ariel in 2016. Winning rights to stake properties through the Mexico lottery system has been one way for Riverside to continue to add quality assets at deep discount prices without any underlying deal terms or royalties.”

Baja Mining Corp. is pleased to report that Tom Ogryzlo — Interim CEO and Director, and Wolf Seidler — Director, visited the Boleo Mine on February 19, 2016, and met with operations management of Minera y Metalu?rgica del Boleo, S.A. P.I. de C.V. to discuss progress at Boleo, including both the underground and open pit mining and the process plant production ramp-up.

“The Plant is open for business,” said Robert Eadie, President of the Company. “This is a huge milestone for us in Mexico. With Altiplano’s leaching process, we are able to offer the local miners more flexible financing options compared to what is currently being made available to them by smelters and international traders. We see the Altiplano Plant as a synergistic cash-flow producing arm of the Company, growing our asset base for our shareholders.”

La Mina Mulatos del corporativo Alamos Gold Inc., enclavada en la Sierra Madre Occidental en territorio Sonorense, ha logrado un record difícilmente igualable en la Industria Minera al alcanzar recientemente 4 Millones de Horas-Hombre trabajadas sin accidentes incapacitantes en la mina Mulatos de su filial Minas de Oro Nacional, lo cual la posiciona como una de las empresas más seguras no solo de la Industria Minera sino del sector industrial en general.