Tag: Exploration and Development

J. Duane Poliquin, Chairman of Almadex commented, “We are very excited to report these final assays from the very successful 2017 drill program. In 2017 we stepped out roughly 2 kilometers to the south of the Norte Zone and hit significant mineralisation in first pass drilling in the northern part of the large Villa Rica Zone. We believe that the results from Raya Tembrillo are proof of large scale porphyry potential in this part of the project. The drill results from 2016 and 2017 clearly show that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. We are currently defining a large 2018 drill program and look forward to reporting that shortly.”

Jim Culver, CEO of VVC said, “We at VVC are excited by the results of the first 2 phases of this Samalayuca drilling program. This drilling program has provided us with a wealth of data, most of it very encouraging. The results are by necessity – technical, detailed and voluminous. I would encourage readers of this news release, particularly those who have a technical interest, to go to the VVC website where the drilling data and associated information is presented.

“These results confirm continuity of high grade mineralization along trend at San Javier. We are very pleased with the higher gold numbers found at the Lydia zone which has been sampled over a 10 metre section on surface. Internal to this section, there appears to be 6 metres evidencing substantially higher gold and silver grades. As first identified in our drill program during 2017, the defining characteristic of our San Javier property appears to be the higher relative grades.” stated Hub Mockler, Executive Chairman.

“The El Pinguico mine is a historic high-grade producer, possessing in-situ high-grade silver and gold mineralization with accessible mining infrastructure to a depth of 300 meters. The completion of a base case development scenario will be a significant milestone in understanding the available economics of the stockpiles and cost related in new mine development”, said Cameron King, President and CEO of Vangold.

Mexican Gold Corp. is pleased to announce that its 2018 Phase 1 drilling program is underway at its Las Minas property, Veracruz State, Mexico. Additionally, the company has initiated its field exploration program of mapping, trenching and sampling at high-potential targets.

Kootenay President & CEO, Jim McDonald states: “The consistent high gold values are new for the project where previously identified mineralization is silver dominant. This area represents an exciting new target for us and the first significant gold mineralization to be found on the project. We are actively and rapidly moving this new gold trend to drill stage with plans to be drilling it near the end of the first quarter.”

“We are very pleased with the drill results from the Chirumbo area to the east of the Elena Tolosa mine as they show grade continuity and further extension of the main Avino vein to the northeast. The results from Guadalupe and San Juventino demonstrate additional mineralization between the current mining areas at Elena Tolosa and the San Gonzalo mines. These are longer-term targets that warrant further investigation and drilling.”

Alain Charest, Vice President Exploration, Mexico commented, “Cuale is one of the most exciting grass-roots exploration projects to have surfaced in Mexico in recent history and securing the land position was paramount. High sulphidation oxidized systems are rare in Mexico. Three known deposits are Goldcorp’s El Sauzal (1.9 million ounces gold), Alamos Gold’s Mulatos (5.0 million ounces gold) and Agnico Eagle’s La India (3.0 million ounces gold) and they serve as good indicators of the potential of this deposit style.1 High sulphidation gold deposits are known for their low cost, large scale and long mine life.”

Silver Viper’s President and CEO, Steve Cope, states “La Virginia is a gold-silver property with an exciting exploration history carried out by two highly competent exploration groups. This project adds immediate value to the Company given the past exploration results. We believe there is a lot of upside potential within this very large land package. I know we have the right team in place to unlock that potential.”

Kootenay President and CEO James McDonald states, “We are pleased with the excellent grades and continuity encountered in the La Negra mineralized breccia with the infill drilling conducted in 2017. We are looking forward to the 2018 exploration program which is entering the third year of our agreement with Pan American Silver and will focus on testing additional targets.”