Category: Exploration and Development

Steve Regoci, President and CEO, commented: “After 15 initial shallow drill holes and follow-up field work, it’s apparent that Silver Eagle has a potential strike length in excess of 2 km and hosts multiple lenses with average grades of 600 g/t Ag and widths of 1-5 meters. Discovery hole SE-14-01 returned 2,010 g/t Ag over a true width of 5.6 meters.

Orex Minerals Inc. is pleased to announce that the initial 2,000 metres diamond drilling in 17 holes have been completed on the Sandra Escobar Project in Durango, Mexico. The diamond drilling program will be extended a further 3,000 metres in Phase-II, commencing in the first week of March. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc.

Bob Boaz, CEO, states “we are pleased to consolidate a 100% ownership interest in the Taviche Project and to extinguish the joint venture royalty clause with Intrepid with the completion of this acquisition. With the ownership simplified to one party, the Company hopes to attract additional interest in the project from other potential mining parties. We remain excited about the potential for expansion and discovery of new gold and silver resources at the Taviche project, particularly with the discovery of promising new drill targets which were determined by recent reanalysis and consolidation of all the Company’s exploration data.”

The first stage of this drilling campaign will be focused on testing the high priority Loma Bonita prospect, where extensive, highly significant gold and silver grades have been identified by surface sampling (ASX: 16 & 21 October 2015). This mineralisation is hosted in residual quartz (both vuggy and strongly silicified) similar to that which hosts the silver mineralisation at Mesa de Plata. The drill rig has been mobilised to site and drilling of the first hole has commenced.

Jason Weber, President and CEO of Alianza stated, “With the sale of our Mexican properties to Almadex, a company with great experience in exploring in Mexico, Alianza streamlines costs while remaining focussed on our early stage and generative projects in Peru, Yukon, and Nevada.”

Almadex Minerals Limited is pleased to announce that it has acquired three Mexican properties from Alianza Minerals Ltd.

GREAT PANTHER SILVER LIMITED announces that it has received official notice allowing the Company to resume the use of explosives at its Guanajuato Mine Complex. The Mexican regulatory authority responsible for permitting and regulating the use of explosives has now formally concluded its review of the previously announced theft of explosives from one of the mines at the GMC, and the Company has resumed full production at the mines.

GREAT PANTHER SILVER LIMITED regrets to report the fatality of a contract scoop tram operator that occurred at its Guanajuato Mine Complex in Mexico on Friday evening. The employee’s family and all relevant authorities have been contacted and a full investigation into the cause of the accident is ongoing.

GREAT PANTHER SILVER LIMITED announces that the Mexican regulatory authority responsible for permitting and regulating the use of explosives, has concluded its inspection regarding the previously announced theft of explosives from one of the mines at the Guanajuato Mine Complex. The Company was assessed a fine, which has been paid and will not materially impact its financial results.

“The assay results from the diamond drilling at La Cobota suggest that the mineralized iron oxide vein has significantly more structural complexity and grade variability than was originally anticipated from surface mapping and the available historical mining records. Work is continuing to assess the viability of the mineralized structure to host a resource and the Company will make a decision on the La Cobota option in due course,” said Chief Executive Officer Pieter Britz.