N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Another milestone has been completed for the Las Chispas Property which continues to show increasing significance as an emerging high-grade silver-gold district. Historically, there were five mills in the district before 1930, four cyanidation and one flotation, which gave us a good indication that the metallurgy would be amenable to standard processing methods. This indication has now been confirmed with testwork showing excellent metal recoveries. The Las Chispas mineralization is similar to that of the nearby producing Santa Elena Mine (constructed by SilverCrest Mines Inc., the predecessor of SilverCrest Metals), which has current metal recoveries of 90% or greater for both silver and gold. With this metallurgical milestone now behind us, we can more confidentially plan for our Las Chispas maiden resource in Q1 2018.”

“Our goals over the last 10 months have been to complete a resource upgrade and deliver a positive Scoping Study and I’m delighted that we have been able to achieve these objectives. We are confident that our strong technical understanding of the project given our access to the ore, existing plant and previous successful concentrate production will enable us to secure the funding necessary to advance the project.”

La minera de oro canadiense Goldcorp Inc reportó ayer miércoles que sus ganancias se dispararon un 88 por ciento en el tercer trimestre, ayudadas por devoluciones del impuesto a la renta y un aumento de las utilidades de su mina Peñasquito en México.

The El Tigre Mineral Resource Estimate includes extensions of the historical El Tigre and Seitz Kelly Veins1, as well as the mineralized breccia halo around the El Tigre Vein. The Fundadora Mineral Resource Estimate includes the Aquila, Fundadora, Protectora and Caleigh Veins2. The El Tigre Tailings Mineral Resource Estimate is comprised of tailings from the former El Tigre Mine operation.

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Channel sampling in the newly rehabilitated historic underground workings in the Las Chispas Vein is defining continuous unmined areas with bonanza grades. Several of these channel results are within 30 metres of the recently announced drill hole LC17-45, which intercepted 1.9 metres of 8,803 gpt AgEq. This Bonanza Grade Area is easily accessible for potential bulk sampling and mining. This area is an example of the potential high value mineralization that we continue to systematically explore at the Property. We are driving our underground and surface programs at Las Chispas to deliver a maiden resource in Q1 2018.”

Alio Gold Inc today announced that it has awarded GDI STRACON GyM S.A. de CV the contract for developing the underground decline at the high grade, high margin Ana Paula project in Guerrero, Mexico. In addition, the Company has engaged JDS Energy and Mining to manage the contract and underground mining operation.