Mexus pays off loan
May 17, 2018
Mexus Gold US (OTCQB: MXSG) announced today that it has wired $183,333 due JMJ Financial closing the current outstanding debt agreement prior to the expiration date.
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Mexus Gold US (OTCQB: MXSG) announced today that it has wired $183,333 due JMJ Financial closing the current outstanding debt agreement prior to the expiration date.
Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. The core drilling program will consist initially of 1,650 meters in seven holes, ranging from 150 to 250 meters in depth. These holes will target the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects.
The operational management team has sunk its teeth into productivity and efficiency. The results display a significant improvement in production, recovery, and grades, said Robert Eadie, President of the Company. Our focus remains on improving productivity through development and exploration at the San Martin mine, as well as creating relationships with new concentrate providers at Altiplano so that we can build sustainable value for our shareholders and our future endeavors.
Kootenay President and CEO James McDonald states, We are very excited about the potential at Copalito. It is a rare opportunity to find a project with such good surface values and vein widths in Mexico that has not been thoroughly drilled. We will be mapping and sampling the veins at surface to identify the best grading areas in the first step towards drill testing.
“Mapping, trenching, a soil survey and geophysics will be completed in May and June to refine drill targets while the required drill permits are being processed, after which a 3,000 metre drill program is planned to start in July,” commented Evrim CEO, Paddy Nicol. “We will also prospect and map several soil colour anomalies within recently staked concessions that have a similar appearance to the argillic alteration found within the pre-existing Cuale claims.”
We continued to deliver steady financial and operating results for the first quarter of 2018, and while our silver and copper production was slightly lower, gold production and silver equivalent production increased by 12% and 9% respectively. We are very close to the completion of Mill Circuit 4, which is a significant investment in Avinos growth, and we look forward to the increase in our production profile said David Wolfin, President and CEO. We are also focused on completing the paste backfill engineering and looking towards construction of the paste backfill plant.
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) is pleased to report that shareholders voted in favour of all items of business including the election of each of the nominees listed in its management information circular dated April 5, 2018 at its annual meeting of shareholders held on May 15, 2018.
George Paspalas, President and CEO, commented, The Juanicipio Project progresses well, with development rates increasing significantly last year and continuing into 2018. With the advanced draft joint venture feasibility study in hand, we look forward to its finalization and formal project approval. On the exploration front, the use of directional drilling is proving to be very beneficial with target accuracy improving at depth as we infill and expand the Deep Zone, while other greenfield exploration targets have been identified, together with Fresnillo, on the Joint Venture Property.
Christian Grijalva, San Marcos Vice President stated, We believe the Espiritu SMR property is highly prospective ground demonstrating significant upside exploration potential. The geological endowment warrants further exploration efforts with modern day vectoring and targeting tools. Preparations are being made to initiate an exploration program to evaluate the overall potential of Espiritu SMR which is the host for both porphyry gold-copper-moly and silver-lead-zinc replacement mineralization.
VVC Exploration Corporation (TSX-V:VVC) is pleased to announce the commencement of the third phase of diamond drilling on its Samalayuca Project in northern Chihuahua State, Mexico. Jim Culver, VVC CEO commented: “We are pleased that the drilling equipment has arrived at Samalayuca this morning and is currently been mobilized to the first drill site. We hope to continue to build on the earlier drilling results.”
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