Category: Exploration and Development

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.

This wide and high grade silver vein at San Ramon Deeps Zone was discovered in 2014 and now provides 40% of total production tonnage. To date this vein has been exposed in mine workings on Levels 16.5, 18, 19 and 20 over a minimum length of 180 meters where it continues to be open for expansion and has true widths of two to seventeen meters. The drill holes in this news release outlined the vein to a vertical distance of 10 to 55 meters below the current mine workings.

ALIX RESOURCES CORP. is pleased to announce the acquisition through a Purchase Agreement, of 100% mineral rights for specified metals, including lithium, for the Gran 2 concession, located in Sonora, Mexico.

ALIX RESOURCES CORP. announces the discovery of a lithium-bearing, clay-rich showing in a sequence of sedimentary-volcanic rocks located on the Company’s northern Tecolote Concession, which adjoins Bacanora Minerals Ltd. and Rare Earths Minerals PLC’s Buenavista concession located in Sonora, Mexico.

The Report provides detail in relation to the Company’s Mineral Resource Statement for its lithium properties as detailed in the Company’s press release dated November 23, 2015. These properties consist of its 100 percent owned La Ventana lithium concession and El Sauz, El Sauz 1, Fleur concessions which are held by Mexilit S.A. de C.V. Mexilit is owned 70 percent by Bacanora and 30 percent by Rare Earth Minerals PLC.

United States Antimony Corporation reported that it has sold 5,377 tons of zeolite in Q4 of 2015 compared to 3,063 tons in Q4 of 2014, an increase of 75%. During 2015, the Company sold 15,235 tons of zeolite compared to 11,079 sold in 2014, an increase of 37%.

Torex Gold Resources Inc. announced today its first gold pour of an estimated 350 ounces, and a similar amount of silver, in Dore, from its 100% owned El Limon-Guajes Mine in southwest Mexico. The entire processing circuit, from crushing through to dry stack tailings disposal, is now operational and has been used in the production of these first ounces.