Integral will trade securities of Goldplay on the TSXV for the purposes of maintaining an orderly market of Goldplay’s securities. In consideration of the services provided by Integral, Goldplay will pay Integral a monthly cash fee of $5,500 which is paid from the Company’s working capital account. Integral will not receive shares or options as compensation.
N. Eric Fier, CPG, P.Eng and CEO, remarked, With the addition of the Luigi Vein, we continue to grow our portfolio of high-grade mineralized veins and are beginning to understand the nature of multiples when it comes to projecting high-grade previous drill-intercepts in adjacent veins on to new discoveries. This is the tenth high-grade vein we have delineated in the district, which is immediately adjacent to the Las Chispas Vein and accessible by underground workings. The Luigi Vein is named after Luigi Pedrazzini, son of Giovanni Pedrazzini the founder of Minas Pedrazzini Gold and Silver Mining Company which operated at the Property from the late 1800s to 1930. We plan to further drill test the Luigi Vein during H1 2018 and include the results in the proposed updated resources in Q3 2018.
Argonaut Gold Inc. (TSX: AR) reports that the has court postponed the hearing pertaining to Argonauts explosive permit at its La Colorada mine (see press release dated April 12, 2018) to allow the Secretary of National Defense (SEDENA) to provide evidence requested by the court regarding the temporary suspension of the explosives permit at Argonauts La Colorada mine. It is expected that a ruling will be issued within 15 business days of the original hearing date (April 16, 2018), as required by law.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “This is our second project near Ojocaliente. Venaditas is approximately 11km to the west of our Tabasquena silver mine. It is also a ‘shadows of a headframe project’ as it is adjacent to Teck’s San Nicholas. Also, in the immediate area is Milagros and El Coronel mines, all of the mines in the area are hosted in the Tertiary andesites. What stands out to me about Venaditas, is twofold, there are two geological structures that come together at Venaditas, below this structural intersection is a large geophysical anomaly. This project is close to being drill ready and we should have updates shortly on drilling this high quality exploration project.”
The silver equivalent production in Q1, 2018 increased by 9% compared to Q1, 2017 due to an increase in the tonnage processed and higher gold grades at the Avino Mine, together with higher silver grades at the San Gonzalo Mine. The gold production in Q1, 2018 increased by 12% compared to Q1, 2017 whereas the silver and copper production decreased by 3% and 5% respectively.
Colibri Resource Corporation (CBI: TSX-V) is pleased to provide an update on its Phase 1 drilling of its 2018 drilling program on its 100% owned Pilar Project in Sonora State Mexico and announces that it has completed drilling of 5 of the approximately 30 hole drill program. To date, 266 samples have been sent to ALS labs for assaying.
Golden Minerals Company (NYSE American:AUMN) (TSX:AUMN) is pleased to announce the filing on SEDAR of a Technical Report for its El Quevar silver project entitled NI 43-101 Technical Report on Updated Mineral Resource Estimate in Salta Province, Argentina. The Report dated February 26, 2018 was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of Amec Foster Wheeler E&C Services, Inc.
Almadex Minerals Limited (TSX-V:AMZ) (OTCQX:AXDDF) announces that, further to its news release dated February 26, 2018, the Company has mailed and filed its Notice of Special Meeting of Shareholders and the related Management Information Circular which describes, amongst other things, the proposed spin-out of Almadexs early stage exploration projects, royalty interests and certain other assets, into a new public company.
Gold Resource Corporation (NYSE American: GORO) reports preliminary production results for the first quarter ended March 31, 2018 of approximately 6,647 ounces of gold, 425,884 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.
Oroco Resource Corp. (TSXV: OCO) is pleased to announce that, due to the private placement previously announced on April 11, 2018 being oversubscribed, but not yet closed, it is increasing the Private Placement by an additional 1,500,000 units. The increased private placement will now comprise up to 9,000,000 units at a price of $0.10 per unit to raise gross proceeds of up to $900,000. Terms and conditions, and use of proceeds of the Private Placement remain as announced on April 11, 2018.
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