Category: Exploration and Development

Mark Brennan, President and CEO of Sierra Metals stated “We have been working diligently to aggressively increase high grade tonnage at all of our mines. The brownfield programs currently underway are yielding very positive initial results as highlighted by our Esperanza discovery.” He continued “Other targets are moving ahead very positively and we hope to provide greater disclosure over the coming months as drilling assays and QAQC standards are completed.”

“The Cerro Cascaron project continues to impress with high grade gold and silver systems spread over large areas on the project. This channel sampling program has provided drill targets at San Pedro and Carabina, confirmed our understanding of the controls on high grade epithermal mineralization, and increased the cumulative strike length of the vein system. Sample results from the newly-recognized high-grade silver La Cascarita prospect demonstrates the district scale of the project with the majority of the property yet to be explored.” commented Alain Charest, Evrim Resources’ Vice President Exploration, Mexico.

Commenting on the recently initiated financing, Tawn Albinson, the President of Prospero said: “This month’s capital raise is intended to give fresh impetus to our Mexican exploration programs. Our main priority would be to advance Bermudez with a detailed sampling program to delineate potential drill targets. We are also pushing ahead with showing the Petate project to potential joint venture partners and hope to have news on this front in the near future. We have identified a series of additional targets and projects which we plan to advance to full project status and are also looking at potentially drill testing one of our projects ourselves.”

Mexus Gold US is pleased to announce that the liner installation on its heap leach pad is now complete. The next step in the process is to place the filtration material on the pad. Mexus expects this step to be completed by the 19th at which time ore can begin to be placed on the pad.

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.”