Month: August 2017

MEXICAN GOLD SIGNS DRILL CONTRACT TO COMMENCE DRILLING PROGRAM AT LAS MINAS

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Click to access nr-2017-08-24.pdf

Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX / OTCMKTS: SRXLF / FRA: 4QW1) announced today the signing of a diamond drilling contract for the commencement of drilling at its Las Minas property located in Veracruz State, Mexico.
The Company has contracted with K.D.L. Mexico S.A de C.V. for up to 3,000 metres of diamond drilling. The drill program will focus on expanding known mineralization at the El Dorado/Juan Bran, Cinco Senores, and Las Minillas zones and testing new targets identified by geophysical surveys. Drilling will also be scheduled for the high-grade Santa Cruz zone, contingent on the results of a planned surface work program at the site.

Arian Silver – LITHIUM DRILL PROGRAMME UPDATE

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http://www.ariansilver.com/news/lithium-drill-programme-update

Arian Silver Corporation (“Arian” or the “Company”), the Mexico focused AIM quoted resource exploration and development company, is pleased to report that it has completed the first phase of its lithium auger drill programme across the Company’s three lithium projects in Zacatecas.

This drill programme, conducted by OBD SA de CV (a leading drilling company based in Mexico City), focused on 28 holes, testing the anomalous lithium concentrations identified in the Company’s previous surface sampling, for increased grade and continuation.

The resulting 214 samples will be analysed by ALS Global.

Jim Williams, Chief Executive of Arian, commented: “The drill programme progressed well despite initial delays caused by unseasonably wet weather, which impacted ground conditions for drilling. The results of the programme should be available within three to four weeks and I look forward to reporting the results at that time.”

Colibri reports plans to extend R.C. Drilling at their newly acquired Pilar Gold Project

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http://markets.businessinsider.com/news/stocks/Colibri-reports-plans-to-extend-R-C-Drilling-at-their-newly-acquired-Pilar-Gold-Project-1001603959

DIEPPE, NB, Aug. 23, 2017 /CNW/ – (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce plans to extend three (3) tranches of R.C. Drilling (10,000 meters) at its newly acquired Pilar Gold Project (see the Company’s news release dated August 9, 2017).  The Pilar Gold Project is near Suaqui Grande, Sonora, Mexico.  Colibri is also pleased to announce that, as this next round of drilling is extremely important, it has retained Pierre Jean Lafleur, one of the best known mining engineers in the world, for 3D hole plottings of pre-drilling and drilling services.

Santacruz Silver Reports Second Quarter 2017 Production Results

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http://www.santacruzsilver.com/s/news_releases.asp?ReportID=800962

Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports on the operating results from the Rosario Project in San Luis Potosi, Mexico and the Veta Grande Project in Zacatecas, Mexico for the second quarter of 2017.

Q2 Highlights:

  • Silver equivalent produced ounces of 270,569;
  • Head grade of 207 Ag Eqv. g/t;
  • Improved silver recovery at Veta Grande

“At Rosario, production quarter over quarter has seen improvements as we transition from mineralized material from development to actual producing stopes at the Membrillo and Cinco Estrellas mines. In addition to this, the Veta Grande mine development has now reached Level 6, and mill recoveries have improved aiming to reach the targeted levels for silver during Q4” stated Arturo Préstamo, CEO of Santacruz adding, “The addition of Membrillo and Cinco Estrellas as feeders to the Rosario Mill has increased the gold content within our Rosario produced concentrates, while higher silver grade areas are now being accessed as the main Membrillo vein starts contributing to Rosario’s mill feed.”

AMERICAS SILVER CORPORATION PROVIDES AN EXPLORATION UPDATE ON ITS COSALA OPERATIONS  PROPERTY  

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Click to access nr20170824.pdf

TORONTO–(BUSINESS WIRE)–Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS) (“Americas Silver” or the “Company”) is pleased to announce initial results from recent exploration drilling on its 100% owned Zone 120 deposit, adjacent to the San Rafael development project, part of the Cosalá Operations property in Sinaloa, Mexico.

Highlights of the program include:

  • Step-out hole SR-396 with 61.4 meters grading 306g/t Ag, 0.23g/t Au and 0.79% Cu (412g/t AgEq) including 5.9 meters of 932g/t Ag, 0.82g/t Au and 1.94% Cu (1,213g/t AgEq) plus another interval of 9.4 meters grading 479g/t Ag, 0.29g/t Au and 1.07% Cu (622g/t AgEq)
  • Step-out hole SR-401 with 39.6 meters grading 205g/t Ag, 0.28g/t Au and 0.53% Cu (289g/t AgEq) including 11.4 meters of 473g/t Ag, 0.68g/t Au and 1.20% Cu (659g/t AgEq)
  • Infill hole SR-391 with 22.81 meters grading 138g/t Ag, 0.22g/t Au and 0.37% Cu (196g/t AgEq2) including 4.0 meters of 460g/t Ag, 0.20g/t Au and 0.88% Cu (575g/t AgEq)
  • Infill hole SR-392 with 18.1 meters grading 113g/t Ag, 0.08g/t Au and 0.17% Cu (138g/t AgEq)

Starcore Appoints New Chief Operating Officer

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https://www.starcore.com/news/news-releases/starcore-appoints-new-chief-operating-officer

Vancouver, British Columbia – Starcore International Mines Ltd. (TSX:SAM) (“Starcore” or the “Company”) is pleased to announce the appointment of Mr. Salvador Garcia as Chief Operating Officer responsible for all of Starcore’s operations at the Company’s San Martin Mine in Queretaro, Mexico.

Prior to joining Starcore, Mr. Garcia was most recently Country Manager of Mexico at First Majestic Silver Corp., after serving as First Majestic’s Chief Operating Officer from July 2014 to March 2017. Mr. Garcia has over 39 years of experience in the mining industry in Mexico with extensive experience in development and production including open pit and underground operations. He served as the Vice President of Operations and New Projects at First Majestic Silver Corp. from January 2013 until June 2014. Before joining First Majestic, Mr. Garcia was with Luismin for a period of 20 years prior to its acquisition by Goldcorp, where he held several positions from General Manager to Director of Operations. He was later promoted to the senior management team of Goldcorp where he served as Vice President & General Director for Mexico for five years.

Sonora Lithium Project Update

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Click to access BacanoraMinerals_13674240.pdf

Bacanora, the London and Canadian listed (AIM: BCN, TSXV: BCN) lithium exploration and development company, is pleased to provide an update on its flagship Sonora Project (‘Sonora’) in Mexico, one of the world’s larger lithium resources, where the Feasibility Study (‘FS’) for a 35,000 tpa lithium carbonate (Li2CO3 ) operation is scheduled for completion in late 2017. Li2CO3 is a key component of batery technology used in rapidly-growing industries such as electric vehicles and energy storage. Bacanora is focused on its continuing objective of becoming a significant large scale supplier to these emerging industries and is targeting first production at Sonora in 2019/2020.
Sonora Lithium Project Update
The FSis focused on a two-phase open-pit mine and lithium carbonate processing facility with a life of over 20 years:
· Phase 1: 17,500 tonnes per year of battery-grade Li2CO3 , for the first 2 years
· Phase 2:Expansion to 35,000 tonnes Li2CO3 per year

Prospero To Drill El Petate Project With Fortuna Silver

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http://www.prosperosilver.com/s/NewsReleases.asp?ReportID=800974&_Type=News-Releases&_Title=Prospero-To-Drill-El-Petate-Project-With-Fortuna-Silver

August 24, 2017 – Vancouver, B.C. – Prospero Silver Corp (PSL.V; the “Company” or “Prospero”) is pleased to provide an update on its on-going 5 month 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc. (“Fortuna”). The drill program is designed to carry out first-pass drilling of a number of Prospero’s early stage projects in the world class Mexican Altiplano mineral belt.

Drilling is anticipated to begin at the 6,868 hectare El Petate project in Hidalgo State in September, pending receipt of final permits. El Petate is located 30km northwest of the historic Pachuca-Real del Monte mining district, on the western side of the Sierra Madre Oriental fold belt, within a northwest trend of historic deposits including Zimapan (Hidalgo) and La Negra (Queretaro). The Petate property is the most advanced of Prospero’s projects, with drill permits about to be granted for 29 drill sites. Surface access has already been secured from the land owners. High-level epithermal alteration is exposed over a 5×4 km area with highly anomalous gold and silver hosted in extensive outcrops and float of steep to strata-bound jasperoid. The significant size of the silicified zones indicates that Petate is a robust mineralized system with additional potential to host a high-temperature carbonate-replacement type deposit at depth.

HIGH GRADE GOLD-COBALT PROJECT ACQUIRED

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Click to access 1704455.pdf

Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce that it has further broadened and strengthened its Mexican exploration portfolio with the purchase of the Sara Alicia goldcobalt project, located in the northern state of Sonora.
Azure Managing Director Mr Tony Rovira also commented, “During Azure’s recent search for an advanced stage precious metal / base metal project, which culminated in the recently announced acquisition of the Oposura Project, the Company identified many early stage properties with good potential. One of the absolute stand-outs was the Sara Alicia gold-cobalt project.
“Cobalt deposits are virtually unknown in Mexico, which makes the identification by our exploration team of a property containing high-grade gold and cobalt mineralisation very commendable. This was an opportunity too good to pass up and its acquisition has added an extra dimension to our Company’s project portfolio.
“Spectacular grades returned from our first sampling program indicate that this under-explored property holds potential for the definition of a body of high grade gold-cobalt mineralisation, as well as for copperzinc-silver mineralisation. We look forward to drilling Sara Alicia this year, along with progressing our flagship project Oposura.”

Plomosas – Sampling Defines New High Grade Area at Las Espadas West

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Click to access 210817-Further-sampling-at-Las-Espadas-FINAL.pdf

Consolidated Zinc Ltd (CZL) is pleased to announce that new results from the underground mapping and sampling program has defined additional high grade zones of mineralisation from the Las Espadas West stope area. The zone is located 60 metres to the west of the Las Espadas (now called the Las Espadas East) area, as announced by CZL on the 4th of July 2017.
The Las Espadas area has been exposed and mapped in workings on Level 5 but was largely untouched by historical mining.
Systematic rock channel chip samples were taken during mapping of the Las Espadas West Zone over 90 metres of continuous exposure and 29 samples were submitted for assay. Significant high grade results returned from the sampling and are shown in Table 1.