Month: September 2017

New Gold Announces Completion of Schedule 2 Amendment

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http://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2017/New-Gold-Announces-Completion-of-Schedule-2-Amendment/default.aspx

TORONTO, Sept. 28, 2017 /CNW/ – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE American:NGD) is pleased to report that the amendment to Schedule 2 of the Metal Mining Effluent Regulations, required to close two small creeks and deposit tailings at the Rainy River project, has become effective.

Consistent with New Gold’s plan, the company began processing ore on schedule on September 14, 2017.  Since that date, the company has successfully processed over 150,000 tonnes of ore, including an average of approximately 20,000 tonnes per day over the last four days.

Gold Resource Corporation Declares September Monthly Dividend

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http://www.marketwired.com/press-release/gold-resource-corporation-declares-september-monthly-dividend-nyse-mkt-goro-2235282.htm

COLORADO SPRINGS, CO–(Marketwired – Sep 27, 2017) – Gold Resource Corporation (NYSE MKT: GORO) (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for September 2017 payable on October 23, 2017 to shareholders of record as of October 11, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends and take delivery in physical gold and silver. For more information on Gold Resource Corporation’s physical dividend program, visit the Company website at http://www.goldresourcecorp.com/gold-silver-dividends.php.

See headlines for CKG View Print Version More from GlobeNewswire Chesapeake Announces Grant of Stock Options

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http://www.nasdaq.com/press-release/chesapeake-announces-grant-of-stock-options-20170927-01200

VANCOUVER, British Columbia, Sept. 27, 2017 (GLOBE NEWSWIRE) — Chesapeake Gold Corp. (“Chesapeake” or the “Company”) (TSX-V:CKG) announces that pursuant to its Stock Option Plan, the Board of Directors has granted 790,000 options (“Options”) to directors, officers, employees and consultants of the Company, at an exercise price of $3.75 per share. The Options are exercisable for a term of five years from the date of the grant. The Options will vest and be exercisable on the basis of 25% annually commencing September 27, 2018, the first anniversary of the date of the option grant.

VVC Exploration Private Placement Financings

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http://www.marketwatch.com/story/vvc-exploration-private-placement-financings-2017-09-26-111604326

TORONTO, ONTARIO–(Marketwired – Sept. 26, 2017) – VVC Exploration Corporation (“VVC” or the “Company“) (TSX VENTURE:VVC) is pleased to provide an update on its previously announced CA$1 million in a non-brokered equity private placement. This placement is for units of the Company (“Units”) at a price of $0.05 per Unit, whereby each Unit consists of one common share and one-half of one common share purchase warrant (a “Warrant”) of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The Company has raised to-date about CA$900,000 and have commitments for an additional $460,000. The Company therefore is increasing the maximum amount of the offering to CA$2 million. The proceeds from the offering will be used mostly for ongoing drilling program, maintenance fees and option payments on the Corporation’s Samalayuca Copper Project in Mexico and working capital.

Telson Resources Inc Sells 471 Tonnes of Tahuehueto Lead and Zinc Concentrates Processed Aug. 2017 for Cash Proceeds of US $1,584,902.

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Click to access TSN_NR_167_Sep26_2017.pdf

Vancouver, British Columbia, Sept 26, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that it has received final assay results and sales terms from 155.38 tonnes of lead concentrates and 316.39 tonnes of zinc concentrates (the “Lot 2 Atocha Concentrates”) produced at the Atocha Toll Mill during August 2017 from processing of approximately 4,213 tonnes of ore mined from the Tahuehueto Project – Level 10 El Creston Zone.
The Lot 2 Atocha Concentrates were sold to Mercuria Commodities Trading S.A, de C.V. (“Mercuria”) for total cash proceeds of US $1,584,902 pursuant to a concentrate purchase arrangement with Mercuria, as announced in a news release dated July 6, 2017, whereby Mercuria advanced US $1 million to Telson as a prepayment against the purchase of concentrates to be produced during 2017 from Telson’s pre- production initiative.

San Marco Identifies High Priority Drill Targets on the 1068 Project: Samples in Road Cuts up to 0.76% Copper, 2050 ppm Molybdenum and 0.17 g/t Gold

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https://www.sanmarcocorp.com/news/2017/san-marco-identifies-high-priority-drill-targets-on-the-1068-project-samples-in-road-cuts-up-to-0.76-copper-2050-ppm-molybdenum/

Vancouver, B.C. – September 26th, 2017  : San Marco Resources Inc. (SMN: TSX-V) (“San Marco”) announces the results and recommendations of recent exploration on its 1068 Project. The Project is an undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program (see news release dated January 19, 2017).

During construction of a preliminary access road to potential drill site areas, mineralization was noted in the roadway with copper values up to 0.76%, gold up to 0.17g/t and molybdenum up to 2050 ppm over 3 – 4 metre channel samples. Drilling is recommended after additional surface mapping and sampling is completed. Preparation for such work will commence immediately.

Exploration Highlights

Highlights of the exploration include;

  • Surface alteration and mineralized footprint has increased to 1.6 kilometres X 1.5 kilometres (“km”) and is open for expansion in at least two directions.
  • Poorly exposed erosional window into potassically altered mineralized intrusive (100 metres by 200 metres) is an obvious drill target.
  • Extensive phyllically altered and stockwork-quartz-veined volcanic lithocap (as above, 1.6 km X 1.5 km and open) may have created favourable conditions for sealing the system acting as a trap for fluids, enhancing the mineralizing process. Drilling through this volcanic cap is another obvious drill target.
  • Oxide copper occurs mainly in fractures and veinlets. Fresh sulphides (pyrite, chalcopyrite and molybdenite) were observed below the volcanic rock cap in potassic alteration.
  • Semi-continuous channel sampling over part of a newly constructed road cut ran 62 metres of 0.1% copper; 215 ppm molybdenum and 0.044 g/t gold. Sampling was limited to where the bulldozer was able to build the road and not necessarily cutting the best outcrop exposures.
  • Geochemical zonation suggests use of pathfinder elements as well as mapping alteration mineralogy can be utilized to vector to the best drill targets.

Levon extends a Gold enriched sulphide zone through the Cordero Ag, Zn, Pb, Au Resource with 2017 infill drilling, aimed at improving starter pit economic projections

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http://www.levon.com/s/news-releases.asp?ReportID=803702

Levon Resources Ltd. (“Levon” or “the Company”) (TSX Symbol: LVN; OTCQX: LVNVF) Levon is pleased to announce results of the 2017 core drill program (news release of May 15, 2017) at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hidalgo Del Parral, Chihuahua, Mexico. Complete hole assays have been returned. The drill results are conformable with the grid drilling results of the 2014 Cordero resource (the “Resource”) (news release of May 15, 2017) and extend a Au (gold) enriched sulphide zone in a northern part of the Resource (Figures 1 and 2).

The Company completed a total of 5,655 m of core in 18 infill core holes within the central part of the Resource (Figure 1), aimed at better definition and exploration for improved grades. We have learned that a gold enriched sulphide zone forms a key part of the Resource and extends from the Pozo de Plata Diatreme into the Cordero Felsic Dome toward the higher grade Aida feeder zone identified in past drilling (news release of April 30, 2014).

The 2017 drill holes also tested the youngest rhyolite intrusives within the composite Dome complex to the south, which also returned significant by-product gold results.

The ongoing Resource starter pit studies by independent Mining Consultants (IMC) of Tucson in collaboration with M3 indicate by-product gold within the starter pits has a significant impact on pit shapes, modeled production scheduling and projected starter pit economics.

Goldcorp Reports Positive Progress on Project Pipeline

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http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-Reports-Positive-Progress-on-Project-Pipeline/default.aspx

VANCOUVER, Sept. 25, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) is pleased to provide an update of its extensive project pipeline that forms the basis of its five–year 20/20/20 plan that would see the Company increase gold production and gold reserves by 20%, while decreasing all-in sustaining costs per ounce by 20%.

“The significant progress we have made on our development and exploration projects has given us increased confidence in our 20/20/20 objectives and identified new opportunities for outperformance at Cerro Negro, Peñasquito and Coffee,” said David Garofalo, President and Chief Executive Officer.  “We are also pleased with the substantial progress of our longer-term projects Century, NuevaUnión and Cerro Casale/Caspiche that are poised to provide meaningful long-term gold production and value growth.

Alio Gold Announces Partnership With VRify To Provide 360 Virtual Tour Of Its San Francisco Mine

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http://aliogold.com/investors/news-releases/index.php?&content_id=368

September 25, 2017, Vancouver, BC – Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the“Company”), is pleased to announce a partnership with VRify, a communications platform offering investors 360 virtual tours of projects and assets right in the palm of their hands. The 360 virtual tour of the Company’s San Francisco Mine located in Sonora, Mexico is now available.

LEAGOLD COMMENCES DEVELOPMENT OF BERMEJAL UNDERGROUND

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http://www.leagold.com/news/2017/leagold-commences-development-of-bermejal-underground

Vancouver, September 25, 2017 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) has completed the surface preparation and has now commenced portal development for the 1,325 metre long exploration ramp that will provide access to the high-grade mineralization of the Bermejal Underground deposit.

Neil Woodyer, CEO stated “We have been steadily advancing the development of the Bermejal Underground as an expansion project at our Los Filos mine, and the start of the portal and ramp is a significant achievement within our initial six months of ownership. The contribution from underground mining at Bermejal will add approximately 150,000 ounces per year to the operation and bring the combined production rate to 350,000 ounces per year once fully operational.”