Tag: Exploration and Development

“The addition of Rosario to our Cerro Caliche concessions mostly completes the acquisition program for the area of mineralization outlined and partially explored by Corex Gold during their drilling in 2008,” said Kenneth MacLeod, President and CEO of Sonoro. “Our technical team, headed by noted geologist Mel Herdrick, is now focusing on expanding the Corex resource and exploring the many other structural zones with gold mineralization demonstrated throughout much of the concession area.”

“The discovery of the extension of the El Tigre formation to the southeast represents an exciting new chapter in Oceanus systematic efforts to identify new gold and silver mineralization at El Tigre” stated Glenn Jessome, Oceanus President and CEO. “Furthermore, the acquisition of the historical underground sampling results confirms the high tenure of the mineralization in the old workings and instills further confidence in the potential of the unmined Protectora, Caleigh and Fundadora areas where our drilling intersected similar bonanza grade mineralization. We are only starting to unlock the value that exists in this 35-kilometre land package which we believe is a district style project in a mining friendly jurisdiction.” continued Mr. Jessome.

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside has worked hard to consolidate and expand the Cecilia land position, as we did not want to push ahead with drilling until the great property package was tied up. This is a very significant step for us and the Project. Cecilia is a large, high-quality project and now with this key acquisition we lock up at least four new target areas adding significant value to the Cecilia project.”

United States Antimony Corporation reported progress on the construction of the cyanide leach plant for the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico. At the Puerto Blanco mill site in Guanajuato where the ore will be milled, all vegetation has been removed in the area of the tailings pond, and a dozer has begun to shape the pond area for a plastic membrane. The location of the leach plant has been prepared for the concrete floor. The carbon circuit which collects the gold and silver will be placed in the back of the 400 ton floatation mill.

VVC Exploration Corporation today announces that it has received approval from SEMARNAT for 22 new drilling sites, in addition to 13 already approved, on its Samalayuca Property in northern Chihuahua State, Mexico. The results of the drilling will be used to define copper mineralized zones intersected in the first 2 drilling phases and test other artisanal pits on the property. The Phase 3 drilling program is planned to start in late April.

Mexus Gold US released a report written by geologist Cesar Lemas on its Ures property located near Hermosillo, Mexico. The preliminary geological report details initial sampling done on the properties 3 concessions- 370, 8 Brothers, and Scorpio.

Levon Resources Ltd. is pleased to announce the 2018 updated NI 43-101 mineral resource estimate and a 2018 Preliminary Economic Assessment for the Cordero silver, zinc, lead, and gold porphyry project, located 35 kilometers northeast of Hidalgo Del Parral, Chihuahua State, Mexico. Levon expects to continue its evaluation of the Cordero flagship project with the intent of advancing it to the prefeasibility or feasibility stage, and to seek a strategic partner. The timeline and estimated capital required to advance the project to the next stage are under review. The 2018 resource update includes the 2014 Cordero NI 43-101 resource and the results of 2017 infill resource drilling.

The program has reaffirmed the highly prospective nature of La Plata and the Company will now assess the best way to advance the La Plata, Mojardina and Santa Eduviges prospects and the regional exploration in the Northern Zone where the coincidence of gold and hydrothermal haematite occurs.

Commenting on the soil sampling results, Azure’s Managing Director, Mr Tony Rovira, stated: “Azure has undertaken the first modern exploration on the Mina Blanca Ranch in the western part of the Oposura property, and the systematic and technical approach is delivering positive results.”

Brian Robertson, President and CEO commented, “These high – grade drill results over long intervals demonstrate the continuity of the high- grade mineralization outlined by previous drilling. The results also highlight the potential for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran zone. The Eldorado Dike Contact zone has been outlined over 330 metres along strike with core widths up to 46.0 metres and remains open for expansion.