Tag: Exploration and Development

Thomas A. Doyle, President, CEO, stated, We are very pleased that SEMARNAT reviewed our application and has turned it around quickly. New mapping and sampling by the Aloro geological team in the southeast portion of the property has identified new mineralised structures in addition to what was intercepted in LVRC-012. I look forward to getting the drill rig back on the property and follow up on the discoveries we have found in the south east portion of the project.

“We continue to believe that a negotiated settlement in lieu of further litigation under NAFTA is in Mexico’s and Odyssey’s best interests, and we hope to continue a constructive dialogue with the current Mexican Administration. I returned from consultations in Mexico with a renewed sense of optimism that this project will move forward and will create significant benefits for both Odyssey’s investors and the people of Mexico, including the enhancement of Mexico’s food security and self-sufficiency,” stated Mark Gordon, Odyssey CEO. “But, if Mexico does not share these goals, we are prepared to go the distance to ensure our shareholders realize their rightful return on our investment.”

Minera Alamos Inc. is pleased to announced that it has entered into a binding letter agreement with ePower Metals Inc. dated April 22nd, 2019 that outlines the terms and conditions upon which Minera Alamos will assign its option rights to acquire the Guadalupe de los Reyes gold property in exchange for approximately 19.8% of the outstanding ePower common shares and certain other rights related to the development of Los Reyes. Minera Alamos currently has the right to acquire a 100% interest in Los Reyes pursuant to an option agreement entered into with Vista Gold Corp.

These four holes focused on following the high grade ore shoot down dip below the historical RC drilling. We were pleased to see the results showing high grade ore which exceeded our expectations. Furthermore, our team is defining the extension of the mineralization along strike southeast of the old workings towards the prospect known as Cerro Colorado where we have completed a number of trenches across the zone, and expect to have the results in short order, stated Brad Langille, President and CEO.

The 400 short ton (363 tonne)-capacity 980E-4AT builds off Komatsu’s 930E series and is the one of the largest autonomous trucks in the world.

The Total Proven and Probable Ore Reserves based the current Mineral Resources as depleted 31 December 2018 for the Plomosas Mine are 73,850 tonnes at 13.82% Zinc, 2.38% Lead and 17.86g/t Silver.

Mexus Gold US announced that its ore crushing circuit is now fully operational. The mine crew will be running the circuit daily starting the week of April 22nd.