Category: Exploration and Development

Frank Powell, Head Geologist of Goldplay, commented, “We have spent several months sampling mineralized materials from our local gold properties at Gainey’s processing centre and have successfully completed the due-diligence necessary to advance to the next stages of our working agreement with Gainey.”

“It is not only exciting to drill additional high-grade mineralization within Arista’s known veins, but also impressive to discover another new high-grade vein while testing the margins of this deposit,” commented Gold Resource Corporation’s Vice President of Exploration, Mr. Barry Devlin. “The multiple veins that make up the Arista deposit exhibit unique mineralization, as we see in Viridiana’s high-grade gold component and Marena’s polymetallic composition including a high-grade zinc phase. I believe the potential exists to discover additional high-grade veins at Arista with future drill programs testing the margins of this expanding deposit.”

“We are confident that the expansion will result in a significant increase in production, which we will start to see the effects of this quarter,” said Brad Langille, newly appointed CEO and President. “The Company continues to selectively spend capital on projects with the highest return on investment.”

The differences between the previous 2011 publically reported tonnes and grade at Capire and those reported as the current resources here are substantial. The Base Case resources reported herein are much smaller than those previously reported, in part because the current resources were estimated with tighter constraints, both geostatistical and geological, and in part because they lie within an optimized pit shell and exclude additional mineralization lying at deeper levels. Much of this deeper mineralization was included in the 2011 estimate. That deep mineralization may be available for potential underground development but that remains to be studied and is not included in the current resource tabulation.

“The geological and structural setting at Cerro Cascaron share many characteristics with other epithermal gold-silver deposits in the area including El Sauzal, Mulatos, and Ocampo.”, Evrim VP of Exploration Mexico, Alain Charest commented, “Finding an exceptional project such as Cerro Cascaron, in an area that has seen little exploration demonstrates that there are still discoveries to be made in the Sierra Madre Occidental.”

GREAT PANTHER SILVER LIMITED announces that it is resuming full operation today at its Guanajuato Mine Complex following yesterday’s announcement of a voluntary suspension of the use of explosives. This suspension was put in place to facilitate ongoing investigations in connection with the theft of such material, and to ensure security measures.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide an update on implementation of the Company’s optimization plan for the Platosa Mine in Durango, Mexico. The Optimization Plan outlines a simplified dewatering solution for the Platosa Mine, as described in the technical report prepared by Roscoe Postle & Associates Inc. dated July 9, 2015, summarized in the Company’s press releases dated June 2, 2015 and November 2, 2015. The Technical Report is available at www.sedar.com and on the Company’s website at www.excellonresources.com.

The Company has voluntarily suspended the use of all explosives material at the GMC and increased measures to secure the material to facilitate the investigation process and safeguard against further attempts of theft. As such, blasting-related mining activity has been temporarily halted pending the outcome of the initial inspection by the authorities, scheduled to begin within 24 hours. The Company’s processing plant has not been impacted and continues uninterrupted at this time with the current ore stockpile of four to five days’ production.

Southern Silver Exploration Corp. reported today that final assays from the 2015 core drilling program on the Cerro Las Minitas Project, Durango State, Mexico have been received with the results continuing to extend the projections of high-grade silver-polymetallic mineralization at both the Blind – El Sol zone and the recent discovery at the Mina La Bocona zone. Semi-massive and massive sulphides were identified in the southeast extension of the Blind – El Sol zone in a thick (+30 metre) contact skarn on the margin of the Central Intrusion in a 2015 extension of drill hole 11CLM-025.

Kootenay Silver Inc. and Northair Silver Corp. are pleased to announce the execution of a Binding Letter Agreement pursuant to which Kootenay will acquire all of the issued and outstanding common shares of Northair. The combination of Kootenay and Northair will create a leading Mexican silver exploration and development company and consolidator with a portfolio of assets headlined by Kootenay’s Promontorio and La Negra projects and Northair’s La Cigarra project, all of which are based in Mexico. In addition, the combined company will have exposure to a continuum of grass-roots pipeline exploration projects, royalty interests and joint ventures, plus a strong balance sheet providing the combined company with a stable platform for future consolidation in the sector.