Mr. Francis Biscan Jr., Chairman and CEO of Firma Holdings Corp., stated, We are very encouraged with the progress that has been made to advance the companys projects. We will be taking an aggressive development posture in 2018, with a direct focus on production, and look forward to sharing our progress.
UPGRADE OF DSA-03 HIGH-GRADE GOLD DRILL HOLE INTERCEPT. As part of its internal quality control procedures, Bureau Veritas Laboratories observed an error in the gold value of sample DH-17314 (hole DSA-03: 17.95m 18.80m). This sample was reassayed, and BVL subsequently amended the gold result from 2.86g/t Au to 30.5g/t Au. This change increased the gold grade of the overall mineralised interval to 26.20m @ 9.50g/t Au (previously 8.60g/t Au), and the internal high-grade interval to 12.60m @ 16.80g/t Au (previously 14.90g/t Au). See core photos for individual sample grades of this high grade mineralised zone.
J. Duane Poliquin, Chairman of Almadex commented, These are the first assays in many years from the Porvenir Zone in the central part of the El Cobre project. We believe that these results demonstrate the potential for a significant deposit in this area of the property and again clearly shows that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. As exploration progresses, it will be interesting to see how the Norte, Porvenir, Villa Rica, and Encinal zones relate at depth.
Akiba Leisman, Executive Chairman and Interim CEO states that the ability to process the near surface material intersected in hole 17COLDDH04 through the existing heap leach pad and ADR plant at La Trinidad bodes well for the potential extension of mine life. Additionally, areas of altered gold bearing zones deeper at Colinas continue to indicate the presence of a larger hydrothermal auriferous system that is only beginning to be tested.
Ethos Gold Corp. is pleased to announce that Melvin Herdrick has joined its Board of Directors. Mel is a professional geologist with over 35 years of experience in exploration in the United States and Mexico, including 9 years as Chief Geologist for Phelps Dodge in Mexico from 1994 to 2003, and 8 years as Vice President of Exploration for Pediment Gold Corp. until its takeover by Argonaut Gold Inc. in 2011. Mel has worked as a consultant to Ethos and has played a lead role in identifying and evaluating gold exploration opportunities for Ethos in Mexico, including the recently announced option to acquire the La Purisima property in Chihuahua.
Greg Crowe, Silver Ones President and CEO commented, We believe this survey will be extremely useful, as previous geophysical surveys successfully identified lithologies and mineralization associated with the historic Peñasco Quemado resource area, where nearly 10 million ounces (measured and indicated resource) of silver were identified through drilling between 2008 and 2009 (see Company news release dated September 27, 2016). The previous geophysical survey was conducted in specific areas of the property only and did not entirely test the targets outlined through recent soil surveys completed by Silver One. The present geophysical survey will cover a wider area to investigate the newly discovered large target found in the western part of the property, as well as the 3+ kilometre-long zinc and lead soil anomaly that occurs along-strike to the southeast of the historic resource area. Both targets have the potential to significantly increase the existing resource and to define new areas of mineralization.
ALIX RESOURCES CORP. announces it intends to change its name to “Infinite Lithium Corp.” to better reflect its focused business strategy effective on December 6, 2017.
Thompson Falls, Montana. United States Antimony Corporation reported that SEMARNAT (the equivalent of the U.S. EPA) has issued USAMSA (a wholly owned subsidiary of USAC) the permit for a cyanide leach plant for the Puerto Blanco mill in Guanajuato, Mexico.
Bacanora Minerals Ltd., the London and Canadian listed lithium exploration and development company, announces that Martin Vidal, President and a Director of the Company, has resigned the foregoing positions, effective 30 November 2017. Mr. Vidal will remain with the Company in an advisory/consultancy capacity going forward.
The second set of results of the drill program have continued to confirm previous drilling providing confidence in the robustness of the block model, said Greg McCunn, Chief Executive Officer. The drill program was primarily designed to supply a variety of rock types and grade to allow the creation of composite samples intended for the metallurgical test program. The samples from the drill core are representative of the material within the proposed pre-feasibility pit and will undergo metallurgical testing with results to be incorporated into the DFS. The DFS is currently underway and on track to be completed in the second quarter of 2018.
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