Category: Exploration and Development

Azure Managing Director Mr Tony Rovira said, “It’s very exciting that we were approached and offered this exciting new prospect. While our focus is clearly on advancing our Alacrán silver and gold discoveries, this new project provides us with an unexplored foothold in the middle of the hottest silver district in Mexico. Recent silver and gold discoveries and current mine developments within this district are major reasons for Azure to take a presence here.

Lawrence Page Q. C. President said “during the exploration of the CLM claims while Southern Silver was funding the option payments, it became apparent that ownership of surface rights to land overlying the mineral claims would be greatly beneficial for future development of the property. We have now accomplished the purchase of land which will be significant in any exploitation of the claims. Additionally, through our Mexican Corporation, which is the owner of the mineral claims, we have negotiated and executed exploration access agreements with the local Ejidos holding surface rights over the deposits allowing continued exploration on the property”.

Glenn Jessome. President and CEO of Oceanus, stated “During acquisition due diligence our team, which has extensive experience in large epithermal deposits in Mexico recognized that the previously unsampled drill core required sampling. We see the greater potential of the El Tigre property as a bulk tonnage target.”

Azure’s Managing Director, Tony Rovira, welcomed these results, stating, “Palo Seco was the first area that we tested when we started exploring Alacrán due to the presence of several historical mine workings. We’ve returned because of the potential size of the mineralised system and its obvious prospectivity for hosting significant precious and base metal mineralisation. The latest sampling results are very positive and I’m hopeful that future drilling may add Palo Seco to our list of mineral discoveries, joining the Mesa de Plata silver deposit and the gold-silver mineralisation at Loma Bonita.”

Jim Williams, Chief Executive Officer of Arian Silver, commented: “We have now initiated our metallurgical sampling programme on the Tailings at Noche Buena; bulk samples are currently being arranged for transportation to Denver and preliminary results are expected within the next few weeks. These results will enable us to undertake increasingly precise metallurgical tests to optimise the process flow required for the commercially viable production of gold and silver concentrate.

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 May 12, 2016, of an approximate 850 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

“The sale of the Caballo Blanco project for a total consideration of US$17.5 million is a significant event for Timmins Gold,” stated Mark Backens, Interim CEO. “The cash proceeds from this sale will strengthen our balance sheet which will enable settlement of our secured debt.”

“This is the best drill hole in our history at the mine”, said Robert Eadie, President and CEO of Starcore.

Orex Minerals Inc. is pleased to announce that the consulting firm Mining Plus has been awarded a contract to conduct the first Resource Estimate on the Sandra Escobar Project in Durango, Mexico. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc.

Azure’s Managing Director, Tony Rovira described the high grade nature of the gold intersections as highly encouraging for the Alacrán Project. “This is very exciting, particularly as the gold grades and thicknesses appear to be increasing towards the south,” he said. “As with previously announced gold intercepts at Loma Bonita, this mineralisation is situated near surface within oxidised rocks, which is very promising for future mining and processing operations. I now consider Loma Bonita to be a gold project with excellent silver credits. The high gold grades and significant widths of these intercepts augur well for the possible delineation of a significant gold deposit and are positive for the future development of the Alacrán project.”