Tag: Exploration and Development

Pete Dougherty, President & CEO commented: “Drilling results in both the North and South Target areas, along with the known wedges of economic mineralization that were unavailable to us prior to the Fresnillo concession purchase by reason of mineral concession boundary alone, indicate strong potential to expand the current pit limits and extend mine life. The positive drill results lend solid support for our acquisition of the Fresnillo concession and our vision of creating a meaningful, flagship asset at the El Castillo mining complex which will include the El Castillo and San Agustin deposits.”

Sonoro Metals Corp. is pleased to announce that it has received the balance of the $4,000,000 proceeds from Agnico Sonora, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited, for the sale of the Company’s Chipriona project in Mexico under an assignment agreement, details of which were disclosed in the Company’s news releases dated December 14, 2016 and December 22, 2016.

Riverside Resources Inc. has regained a 100% interest in the Thor Copper Project, as the Company’s joint-venture partner, a subsidiary of Antofagasta plc, has elected not to complete the C$5M in exploration expenditure required to earn a 65% interest in the Project. The Thor Copper Project is located in north-eastern Sonora along the main copper producing belt of Mexico. Riverside and Antofagasta completed an initial proof-of-concept drill program to test for a Laramide aged porphyry-intrusive system. The first four drill holes ever drilled at Thor confirmed the concept, with three of the four drill holes intersecting a large Laramide-aged porphyry style quartz-sericite-pyrite stockwork system. The initial drill holes did not return sufficient gold or copper assays for partner Antofagasta to continue, but the limited drilling that was completed was successful in hitting alteration and providing support for further exploration.

“We are pleased with the operation of the plant and progress to date on the permitting front,” stated Robert Archer, President & CEO. “We have had extensive discussions with all stakeholders regarding the permitting requirements and we are optimistic this will be favourably resolved in the coming weeks. We still expect to be able to process all of the ore stockpiled during the shutdown through the balance of 2017. Furthermore, the higher ore grades of the stockpiled ore put us in good position to meet our 2017 production guidance.”

High grade zinc in Tres Amigos North area confirmed in holes LV5016 and LV5018;

Final assay results returned grades over intercepts of 1.5m @ 26.92% Zn+Pb, 52.05g/t Ag and 1.85m @ 32.88% Zn+Pb, 11.07g/t Ag

Confirms potential for repetitions of ore grade mineralisation associated with the Juarez Limestone;

Drilling is ongoing to determine the scope and geometry of the mineralisation.

Vangold Mining Corp. is pleased to announce that its wholly owned subsidiaries have entered into agreements to acquire seven mining claims, totalling 2,798 hectares, located in the States of Guanajuato and Queretaro, Mexico. The claims are grouped in three separate blocks, all located within 6 hours drive of Guanajuato City, which is now the Company’s base of operations for engineering, data storage, mapping and support staff.

Mexico would profit much more by letting silver, the ‘excrement of the Moon’, remain buried, and instead take advantage of the natural medical and therapeutic wealth of peyote to help cure modern man of his ‘sickness of the heart’.

La empresa mexicana Fresnillo plc, filial de Peñoles, informó que invertirá 110 millones de dólares para ampliar la mina de oro Herradura, ubicada en Sonora y donde emplea a 1,228 personas.

The primary objectives of this drilling will be to confirm the presence of higher-grade mineralization within the discrete shear veins, as well as the presence of broad haloes of lower grade Au-Ag within adjacent, sericite – Fe carbonate altered wall rocks. Historical data has been incorporated with the Company’s recent exploration work, resulting in field evidence that the north-south trending shear/vein structures coalesce in various zones along strike. This has reinforced the geological model that wider zones of gold mineralization, flanking the high-grade shear structures, some of which continue to be mined by local gambosinos (miners), where grades appear to be in the 15 g/t gold range, exist.

Kootenay President and CEO James McDonald states, “We are very pleased to commence drilling on the newly discovered eastern portion of the Las Venadas Zone. The new zone is contained within a strikingly similar geological setting to the Las Carolinas, San Gregorio and La Borracha Zones of silver mineralization situated to the north. All indications from ground exploration and sampling to date make this region of the property a top priority as we continue to ramp up our drill and resource expansion program at La Cigarra.”