Having successfully completed technical, financial and commercial due diligence on Telson and its mining projects, an international lending banking institution has granted conditional approval to the credit facility.
Galore Resources Inc. has received assay results for the first two core holes at El Alamo as part of a 2,500-meter diamond core drilling program at the Dos Santos Project, Concepcion del Oro, Zacatecas. Holes EA-001 and EA-002 returned low grade silver values, possibly indicative of an upper level epithermal system.
Goldplay President and CEO Marcio Fonseca commented, “Over recent months, our exploration activities to expand existing NI 43-101 silver resources at San Marcial have succeeded in delineating new high-grade gold targets, but we have also been able to discover new silver zones peripheral to the resource area. These latest high-grade silver results, including 6m at 232 g/t Ag, from a re-opened historical adit at the Faisanes target, on the NW edge of the resource area provide lateral and depth continuity to the high-grade silver results reported from our nearby surface trench SMtr-001, which returned 56m at 196 g/t Ag. We expect to test this target further in our current drilling program, which already has identified bonanza-grade gold (1m at 204.6 g/t Au) in the adjacent SM-19-01.”
“Our silver reserves doubled while gold reserves tripled from reserves reported at December 31, 2018, primarily due to the additional reserves acquired from Tahoe. We now hold one of the largest silver reserves and resources in the mining industry along with substantial gold reserves,” said Christopher Emerson, Pan American’s Vice President of Business Development and Geology. “During the first six months of 2019, we completed 40% of the annual drilling planned for our mine sites. We are accelerating our exploration drilling in the second half the year, and plan to complete 130,000 metres of drilling”.
Defiance Silver Corp. announces it intends to seek TSX Venture Exchange approval to extend the expiry date of an aggregate of 6,187,201 warrants previously issued and exercisable at $0.45 per share by one year.
La empresa canadiense VVC Exploration Corporation recauda actualmente la inversión necesaria para trabajar en Samalayuca, por lo que el próximo año podría comenzar la exploración de cobre en la mina Gloria, donde sólo falta el permiso de construcción del Municipio, aseguró el presidente seccional, Javier Meléndez Cardona.
Consolidated Zinc Managing Director Mr Brad Marwood commented “the acquisition of a 100% interest in Plomosas completes the simplification of the ownership structure from the Company’s original 51% shareholding less than 9 months ago, with the acquisitions of the additional 49% interests acquired at attractive considerations to add shareholder value.”
This is the first step far from finalizing a Bankable Feasibility Study but a great beginning for a company like ours. We invite you to participate and invest in order to develop this asset.
“With our new management team in place, our much improved financial condition, and the prospectivity of the Las Minas project, the Company is now positioned and singularly focused on creating shareholder value through the drill-bit,” stated Philip O’Neill, CEO, President, and Director of Mexican Gold. “We would like to thank all of our shareholders for their support and loyalty over the last several months and we look forward to delivering exploration results at Las Minas in the near future.”
“Our sampling continues to demonstrate consistent high copper and silver grades on surface over a multi- kilometre area ” stated Michael McPhie, President and CEO of Prize Mining. “These results are a follow up to our successful Phase 1 diamond drilling program completed earlier this year. Results of the current work have been as expected and continue to confirm the district-scale potential of the Manto Negro Project. The information gathered is to be used to define targets for a pending Phase 2 drilling program.”
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