Tag: Exploration and Development

VVC Announces Samalayuca Drilling Permit Approval and Planned Financing

VVC President Jim Culver reiterated that “VVC and its partners are committed to operating the Samalayuca Copper Project in an environmentally and socially responsible manner. The Samalayuca Project can have a hugely positive economic impact in the region without negative environmental consequences.”

Millrock Acquires Option On La Navidad Gold Project, And Makes Joint Venture Agreement With Centerra Gold, Sonora State, Mexico

Gregory A. Beischer, President & CEO commented: “There is at least one known, moderately-dipping, near-surface structure that is reported to host gold over significant intervals. Through drilling, we look forward to verifying the previously-reported historic results and expanding the limits of the reported mineralization. Pursuing this project has been made possible through our ongoing partnership with Centerra”.

Alcanza la Mina El Chanate de Alamos Gold Record de 4 Millones de Horas-Hombre Sin Accidentes Incapacitantes

“Cumplir cuatro millones de horas hombre sin accidentes con tiempo perdido, posiciona a la empresa entre las más seguras de la industria minera a nivel Nacional”, destacó el Dr. Luis Chávez Martínez Senior VP México de Álamos Gold Inc., expresando que este éxito demuestra un gran trabajo en equipo que se refleja en la educación, formación, compromiso y entrega de todo el personal que labora en Mina El Chanate, enviando también sus felicitaciones a todos por cuidarse, y por cuidar a sus compañeros en el trabajo.

Marlin Gold Intersects 2.73 g/t Gold Over 38.7 Meters, Including 5.12 g/t Gold Over 14 Meters, at La Trinidad

Akiba Leisman, Executive Chairman and Interim CEO states that “drilling at the Taunus pit is giving us great exploration success. Areas that were previously modeled as waste are yielding mineralized intercepts that are multiples of our 0.35 g/t gold cut-off grade. This drilling program will add ounces to our mine plan, and we will continue drilling to the southeast to determine how significant the Taunus pit can eventually become.”

Gold-Silver Project in Sonora, Mexico Update

Goldex Resources Corporation is pleased to announce that from from May 15th to the 26th a short geological field program was completed at the Mingeo Property. Mineralization as observed in the four underground adits and surface outcrops is mainly confined to low angle quartz “mantos” (0.10 to 3.0m wide), which in places are strongly folded and/or displaced by quartz bearing faults. The quartz mantos strike ENE to WNW with an average dip of 20 degrees mostly to the north. Some mantos show shear movement along their hanging-wall contacts. The quartz mantos are believed to be of orogenic origin and lie within northern Sonora.

Millrock Acquires Option On El Picacho Gold Project, In An Alliance Agreement With Centerra Gold, Sonora State, Mexico

Gregory A. Beischer, President & CEO commented: “One of the senior members of Millrock’s Mexico exploration team is highly familiar with the San Francisco Gold Mine. In comparison to San Francisco, he reports many similarities in the rocks and structures exposed on the El Picacho project. This is the first designated project to come out of our Alliance with Centerra and we look forward to working on this project with them”.

Defiance Drills 27 Metres Grading 203 g/t Silver Equivalent

“We are excited that the recently announced drill program has already returned one of the widest intercepts ever drilled at San Acacio. The results demonstrate that wide vein widths and high grades continue at depth and along strike at the San Acacio Silver Deposit. We look forward to releasing further results as drilling proceeds along the 1.2 km of historic workings as well as the newly defined Quartz-Pyrite Breccia target, all which have the potential to substantially increase the size of the current resource.” said Bruce Winfield, President and CEO of Defiance Silver Corp.

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