Month: May 2017

MCEWEN MINING ANNOUNCES RESULTS OF THE ANNUAL MEETING

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Click to access 20170531_AGM_resultsOnVoting_Final.pdf

Toronto, May 31, 2017 – McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen Mining” or, the “Company”) is pleased to announce the results of the annual meeting of shareholders held on May 25, 2017. The McEwen Mining share owners:
• Elected as directors: Robert McEwen, Allen Ambrose, Michele Ashby, Leanne Baker, Richard Brissenden, Robin Dunbar, Gregory Fauquier, Donald Quick, Michael Stein;
• Approved the issuance to Robert McEwen of 405,740 shares of our common stock upon conversion of subscription receipts issued as part of the acquisition of Lexam VG Gold Inc.; and • Ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2017.

Final Assays From Newly Defined Tres Amigos North Drilling

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Click to access 010617-Udated-Tres-Amigos-North-Results-FINAL.pdf

 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.
Consolidated Zinc Limited (ASX:CZL) is pleased to confirm the final assay results of the high grade zinc and lead mineralisation intersected in the Company’s initial six drillholes completed at the recently identified Tres Amigos North (TRN) zone (LV5013 to LV5018). This zone is found in the immediate hanging wall to the Juarez Limestone Unit and sits outside of the current high grade JORC resource envelope (Figure 1).
As previously reported, several samples from within wider intersections returned grades higher than 30% for zinc which exceeded the upper limit of the analytical methods. These had to be reassayed by a more suitable method to finalise the grades of the mineralised intercept.

Jaw Crusher arrives at the Santa Elena mine

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https://globenewswire.com/news-release/2017/05/30/999745/0/en/Jaw-Crusher-arrives-at-the-Santa-Elena-mine.html

CABORCA, Mexico, May 30, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) CEO Paul Thompson visited the Santa Elena mine on May 26th.  During the visit he was able to witness the much anticipated arrival of the 4230 jaw crusher.  As previously announced, this jaw crusher will enable the mine to increase production to 10,000 tons per day when operating at full capacity.

Mexican Gold Samples High-Grade Gold and Silver Mineralization at Its Pueblo Nuevo Concession

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http://www.marketwired.com/press-release/mexican-gold-samples-high-grade-gold-silver-mineralization-its-pueblo-nuevo-concession-tsx-venture-mex-2219264.htm

THUNDER BAY, ONTARIO–(Marketwired – May 31, 2017) – MEXICAN GOLD CORP. (the “Company” or “Mexican Gold”) (TSX VENTURE:MEX)(OTC:SRXLF)(FRANKFURT:4QW1) is pleased to report on its recent sampling program at its newly acquired Pueblo Nuevo concession at the Las Minas project. The sampling was carried out on the Tamiagua 1, Tamiagua 2, and Dos Rios vein structures. Sampling of the Tamiagua 1 vein structure yielded up to 24.86 g/t gold and 17.8 g/t silver or 25.13 g/t Au Eq over 0.25 m, contained within a 0.72 m interval grading 19.09 g/t gold and 10.6 g/t silver or 19.24 g/t Au Eq.

A sample from the shaft at the Tamiagua 2 vein structure graded 13.68 g/t gold, 29.8 g/t silver or 14.90 g/t Au Eq over 0.20 m. A chip sample of the vein outcropping on surface graded 15.93 g/t gold. 98.6 g/t silver or 17.3 g/t Au Eq. Sampling of the Dos Rios vein yielded 3.23 g/t gold, 25.2 g/t silver or 3.67 g/t Au Eq over 0.30 m. See Table 1 below for details of sampling highlights.

AMERICAS SILVER CORPORATION PROVIDES AN EXPLORATION UPDATE   AT ITS GALENA COMPLEX AND COSALÁ OPERATIONS 

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Click to access nr20170531.pdf

TORONTO, ONTARIO — May 31, 2017 — Americas Silver Corporation  (TSX: USA)  (NYSE “MKT”: USAS)
(“Americas  Silver”  or  the  “Company”)  today  provided  an  exploration  update  for  its  Galena  Complex
located in Idaho, USA and its Cosalá Operations located in Sinaloa, Mexico.
Exploration Highlights
Galena Complex
 A new silver‐lead zone (366 FW Vein) was discovered within 30 meters of existing reserves in the
footwall of the 360 Vein on the 4900 Level.  Significant intercepts include 2.8 meters at 347g/t
silver and 14.0% lead and 12.8 meters at 116g/t silver and 5.6% lead.
 Drilling on the 3400 Level in a previously unexplored area encountered a new zone of strong silver‐
lead mineralization 135 meters south of existing workings.
 Step out drilling on  the 4000 Level extended known mineralization  90 meters laterally and  50
meters vertically.  Significant intercepts include 17.2 meters at 154g/t silver and 7.3% lead and
2.6 meters at 340g/t silver and 15.9% lead.
Cosalá Operations
 Infill drilling at the southern part of San Rafael’s Main Zone confirmed the existing zinc‐silver‐lead
resource model in preparation for first ore production at the end of the third quarter.
 San Rafael’s Zone 120 infill and extension drilling was completed.  Assay results are pending but
core logging indicates that existing silver‐copper mineralization extends an additional 350 meters
to the southeast and remains open in that direction.  The newly discovered mineralization is less
than 600 meters from the El Cajón silver‐copper mine.
 Drilling at Los Manueles has started with initial results expected before  the end of  the second
quarter.
“The 2017 exploration program is off  to a

Marlin Gold Reports $21.8 Million ($0.13 per share) of Adjusted EBITDA for the Quarter Ending March 31, 2017

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Click to access 2017.05.31_NR.pdf

May 31, 2017 — Vancouver, British Columbia — Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to announce its financial results for the quarter ending March 31, 2017 (“Q1”). This press release should be read in conjunction with the Company’s Condensed Interim Consolidated Financial Statements for the three
months ended March 31, 2017 and 2016 as well as Management’s Discussion & Analysis (“MD&A”) for the same period, available on the Company’s website at http://www.marlingold.com and under the Company’s name on SEDAR at
http://www.sedar.com. All monetary amounts are expressed in Canadian dollars unless otherwise specified.

KOOTENAY SILVER DRILLS NEW TARGET PROXIMAL TO EXISTING MINERAL RESOURCE

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http://kootenaysilver.com/news/kootenay/2017/kootenay-silver-drills-new-target-proximal-to-existing-mineral-resource

Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce that it has completed the first three drill holes of the previously announced 7,500-meter core drill program being carried out at its 100% owned La Cigarra silver project located in Chihuahua State, Mexico.

Drilling continues with the forth drill hole of the program underway on the eastern portion of the Las Venadas Zone, where an extensive new area of silver mineralization has been recently discovered by Kootenay’s technical team through an ongoing geological mapping and sampling program. This new mineralized area within the Las Venadas Zone measures 400 x 200 meters and is open to the north towards the Las Carolinas Zone and to the south.

The new mineralized area is believed to be the southeasterly continuation of the San Gregorio-Las Carolinas silver mineralized trend that hosts La Cigarra’s established NI 43-101 silver resource. Detailed exploration within the southeast area of Las Venadas was initiated after sampling by Kootenay returned values of 190, 323 and 582 gpt silver over the prospective area from surface grab samples. The zone is open to the southeast as some of the strongest mineralization becomes covered by tertiary rhyolites where prospecting values of 139, 195, 179, 133, 56 and 53 gpt silver were obtained from grab samples. Of the 168 samples taken during the program results ranged from a high of 582 gpt to less than 1 gpt silver, 42 samples reported grades exceeding 20 gpt silver with many samples returning high values of lead.

Starcore Announces 4th Quarter Production Results

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https://www.starcore.com/news/news-releases/starcore-announces-4th-quarter-production-results

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for the fourth quarter of fiscal 2017, ended April 30, 2017, at its San Martin Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.

During Q4 at San Martin, a total of 65,789 tonnes were milled at an average grade of 1.82 g/t gold and 13.5 g/t silver resulting in the production of 3,365 gold equivalent ounces. Mill recoveries averaged 81.9% for gold and 49.7% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 69.6:1 during the quarter.

The carbonaceous ore continues to experience mineralogical issues and, as a result, the Company has not started processing this ore utilizing the CIL/ADR circuit. Management is determining the best approach to treating the carbonaceous ore. The CIL/ADR circuit is working well and is continuing to process granulated carbon from third party producers as the Company has received its third shipment subsequent to the quarter end.

Vangold Mining Acquires Seven Mining Claims in Mexico

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https://www.fscwire.com/newsrelease/vangold-mining-acquires-seven-mining-claims-mexico

Vancouver, British Colimbia (FSCwire) – Vancouver, BC – Vangold Mining Corp. (“Vangold” or the “Company” – TSXV:VAN, OTC:VGLDF) 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.

 

The Patito I and II claims (646 hectares, located 10 km Southeast of Guanajuato city) will be acquired and held by Obras Mineras El Pinguico SA de CV, due to their proximity and expected synergy to the existing El Pinguico project.  The claims are strategically located 1,500 meters West of the El Pinguico project, providing a possible extension of the mineralized zone and bringing the total land package of the project to 747 hectares.

 

The Analy I and II claims and El Ruso claim (1,215 hectares, located 50 km East of Guanajuato city), and Camilla and Ysabela claims (937 hectares, located 175 km East of Guanajuato city) will be acquired and held by CanMex Silver SA de CV.  These claims are at the exploration stage and lie within the prolific Mexican Silver Belt.

Prospero Provides Drill Update

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http://www.prosperosilver.com/s/NewsReleases.asp?ReportID=791237&_Type=News-Releases&_Title=Prospero-Provides-Drill-Update

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

May 30, 2017 — Vancouver, B.C. – Prospero Silver Corp (PSL.V; the “Company” or “Prospero”) is pleased to provide an update on planned drilling of the Matorral, Petate and Pachuca SE projects.

Prospero has selected a drill contractor for its planned 6,000m program on three projects. Drilling is scheduled to begin in late June. Prospero will first drill 4 holes at its Matorral project in the Santa Maria del Oro camp. The plan is then to drill 8 holes at its Petate project followed by 8 holes at Pachuca SE- project descriptions below. This drilling program is under the terms of Prospero’s strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero’s website.