Month: October 2017

Southern Silver Drilling Underway at Stockpond Target, Oro Project, New Mexico, and Cerro Las Minitas update.

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http://www.southernsilverexploration.com/en/news/174/southern-silver-drilling-underway-at-stockpond-target-oro-project-new-mexico.php

Southern Silver Exploration Corp. (TSX.V: SSV) (“Southern Silver”) reported today that Phase II drilling on the Stockpond gold target has commenced on its 100% owned Oro project. The program will consist of 8-10 reverse-circulation (RC) drill holes totaling approximately 1,200m, which will test lateral offsets of gold mineralization identified in 2016 drilling. In addition, results of a +300-line kilometer airborne Z-TEM survey over the entire Oro property have been received and evaluated, resulting in additional claims being staked to cover new targets that now have been sampled for further evaluation.

Cerro Las Minitas Update

The 2017 drilling on the Cerro Las Minitas project, Durango Mexico totaled approximately 13,600m in 18 drill holes and successfully identified and extended the new Skarn Front zone of mineralization beneath the Blind and El Sol deposits. Data compilation and modelling continues on the new mineralized zone that will be incorporated into an updated Mineral Resource Estimate due in the coming weeks. Surface work continues on the newly acquired Biznagas, Los Lenchos and Creston Del Oro claims, which are targeting precious-metal-enriched, volcanic-hosted, epithermal vein systems similar and on trend to the Avino Ag-Au mine and the adjacent San Sebastian Mine.

Soil Geochemistry Identifies High Priority Gold-Silver Drill Target With Strike Length Of Over 1.8 KM at Cerro Cascaron Project

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http://www.harvestgoldcorp.com/News-Release/News-Release-Details/2017/Soil-Geochemistry-Identifies-High-Priority-Gold-Silver-Drill-Target-With-Strike-Length-Of-Over-18-KM-at-Cerro-Cascaron-Project/default.aspx

Vancouver, British Columbia / TheNewswire / October 18, 2017 – Harvest Gold Corporation (TSX.V:HVG) (“Harvest Gold” or the “Company”) and Evrim Resources Corp. (“Evrim”) (TSX.V:EVM) are pleased to announce soil sampling results from its Phase 1 exploration program at the high-grade Cerro Cascaron gold-silver project in Mexico.

The extensive soil sampling program covered an area of 4.5 kilometres by 1.6 kilometres north of the main gold vein field. Results have extended known veins, identified two new corridors and have highlighted a 1.4 kilometre-long, very strong gold-silver trend to the north of the highly prospective Serpiente Dorada vein. Highly anomalous soil samples, including one that assayed 1.38 grams per tonne (“g/t”) gold were also collected in the corridor where Serpiente Dorada intersects a newly identified, 1.8 kilometre long gold rich corridor (the “new vein corridor target”).

McEwen Mining Reports Q3 2017 Production Results

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http://www.mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2017/McEwen-Mining-Reports-Q3-2017-Production-Results/default.aspx

TORONTO, Oct. 18, 2017 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports consolidated production for Q3 2017 of 19,051 gold ounces and 749,749 silver ounces, or 29,047 gold equivalent ounces(1), using a 75:1 gold to silver ratio.

Consolidated Production Summary
Q3 ‘17 Q2 ‘17 Q1 ‘17 Q4 ‘16 Q3 ‘16
Gold ounces 19,051 22,191 20,096 20,337 24,281
Silver ounces  749,749  779,487  722,767  838,768  916,168
Gold Eq. ounces      29,047 32,584 29,733 31,521 36,496

First Gold in Carbon Shipped from the Santana heap-leach gold project

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http://www.corexgold.com/s/NewsReleases.asp?ReportID=805476

Vancouver, BC — October 18, 2017, Corex Gold Corp. (TSXV: CGE) (“Corex” or the “Company”), is pleased to report that it has shipped the first gold-in-carbon concentrate from its 100%-owned Santana heap-leach gold project in Sonora, Mexico.

During 2017, Corex has been conducting continuous bulk testing heap-leach activities at its 100%-owned Santana property. The leaching to date has been conducted on coarser crushed material that in the next anticipated program will see equivalent leach tests performed on finer crushed material to determine the relationship of crush size and recovery for the project as its development is advanced. A crusher to generate finer sized mineralized material for leaching is now at the project site and Corex anticipates commencing this next step of crushing heap-leach test work next month to determine that optimum crushing size.

Riverside Resources Advances Property Portfolio and Provides Progress Update on Self-Funded Projects

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http://www.rivres.com/index.php/news/2017-news/336-riverside-resources-advances-property-portfolio-and-provides-progress-update-on-self-funded-projects

October 18, 2017 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI), is pleased to provide an update on Riverside-owned projects and upcoming growth plans during the final months of 2017. Riverside enters the fall season with C$4,000,000 in cash and less than 45,000,000 shares outstanding. The Company continues to advance its project portfolio through a combination of self-funded and partner-funded exploration programs, with a catalyst-rich six months ahead. Riverside will be providing a subsequent update on partner-funded exploration results and go-forward plans, including drilling in the near future. The summary below outlines some of the key developments and status updates for the projects Riverside geologists have been working on during the last quarter.

Monarca Minerals Inc. Is Pleased to Announce That Re-Analysis of Geological Information and Re-Logging of Historical Drilling for the Tejamen Project Is in Progress

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http://monarcaminerals.com/monarca-minerals-inc-is-pleased-to-announce-that-re-analysis-of-geological-information-and-re-logging-of-historical-drilling-for-the-tejamen-project-is-in-progress/

Toronto, Ontario–(Newsfile Corp. – October 17, 2017) – Monarca Minerals Inc. (TSXV: MMN) (“Monarca” or the “Company”) is currently re-analyzing geological information and the re-logging historical drill results. Drilling completed in 2005 and 2008 only reached relatively shallow depths of approximately 150 meters. To date Monarca has identified 3 extremely high grade intercepts at both Los Mantos and Cerro Prieto portions of Tejamen.

Drill hole MMT-141, Los Mantos, reported an 80-meter zone containing 417 grams of silver including 4,028 grams per silver from 82 to 88 meters from surface. This is one of three high grade veins identified in Los Mantos. Cerro Prieto is a thick zone of parallel veins and disseminated silver mineralization at approximately 80 meters. Cerro Prieto drilling reached a maximum depth of 150 meters. It is worthwhile to note that the core was not assayed for any other metals.

Analysing the geology in the context of historical district mines suggest that the high grade feeder veins strike to the southwest for approximately 1 kilometer as depicted below. Field verification of the vein extensions is expected to be completed when surface access and permits have been secured. Combined with depth extension of the high-grade feeder veins, Monarca is excited about the exploration potential at the Tejamen Project.

Oceanus Announces Appointment of Vice President, Investor Relations and Provides El Tigre Exploration Update

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Click to access article_10182017102428.pdf

HALIFAX, NOVA SCOTIA – October 18, 2017 – Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF) (“Oceanus” or the “Company”) is pleased to announce the appointment of Ms. Tania Shaw to the position of Vice President, Investor Relations.
Ms. Shaw has held positions in Investor Relations of increasing responsibility in the mining sector for over twelve years. These include positions with Detour Gold Corporation, Primero Mining Corp. and most recently Roxgold Inc. She is a standing member of the Canadian Investor Relations Institute and obtained her Certified Professional Investor Relations (“CPIR”) designation in 2013.
“We are delighted to welcome Tania to the Oceanus team at this important early stage of the Company,” stated Glenn Jessome, President and CEO. “Having Tania on board will allow us to expand our reach to shareholders and the analyst community as we educate the market on the El Tigre property, with the ultimate goal of increasing shareholder value.”

Torex Starts In-Fill Drilling at Media Luna

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https://www.torexgold.com/news/torex-starts-in-fill-drilling-at-media-luna

TORONTO, Ontario, October 17, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce the initiation of its in-fill drilling program at its Media Luna development project in Southwest Mexico. The purpose of this program is to upgrade, to the Indicated confidence level, 25% of the current inferred Media Luna resource of 7.4 million Au Eq. ounces (51.5Mt @ 4.48g/t Au Eq.). The program plan contains 175 holes, averaging 600 meters in depth, for a total of 105,000 meters of drilling. The budgeted cost for the program is US$15M, and the 175 holes are scheduled for completion by the end of 2018. Subsequent to the completion of the program, a Measured and Indicated resource estimate will be prepared, and this will form the basis for a Media Luna feasibility study, which is scheduled for completion in the second half of 2019.

Fred Stanford, President & CEO of Torex stated: “The start of this in-fill drilling program is a big step in advancing the development of the Media Luna deposit. That development process will be aided by the increased geological understanding and confidence that comes from the drilling program. It will also be potentially enhanced by the optimization of the Media Luna production and service processes, that have been developed by internal teams, while we waited for the financial flexibility to proceed with in-fill drilling. An updated preliminary economic assessment (“PEA”), scheduled for late in Q1, 2018, is expected to illustrate the commercial advantages of the proposed optimized processes. Internal and external study teams are also focusing on design elements that are expected to expedite the permitting process. Pending success of future technical studies, the potential timeline contemplates beginning construction of the Media Luna mine in early 2020, is expected to be financed from internal cash flow, and gold production is expected to begin in early 2022.”

MEXICAN GOLD ANNOUNCES RESULTS OF GEOPHYSICAL SURVEYS AT LAS MINAS AND CANCELLATION OF OPTIONS

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Click to access nr-2017-10-17.pdf

Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX / OTCMKTS: SRXLF / FRA: 4QW1) is pleased to announce the preliminary results of geophysical surveys at its Las Minas project, Veracruz State, Mexico. The Company engaged Geotem Ingenieria S.A. de C.V. of Mexico City to complete approximately 50 line kilometres of ground magnetic and 15 line kilometres of Moving Loop Time Domain Electromagnetic (TDEM) programs at the El Dorado / Juan Bran, Cinco Senores and Las Minillas mineralized zones. Together, the ground magnetic and TDEM geophysical surveys identified multiple high priority drill targets at the El Dorado/ Juan Bran, Cinco Senores and Las Minillas zones.

First Majestic Produces 4.0M Silver Eqv. Oz in Third Quarter

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https://www.firstmajestic.com/news/index.php?&content_id=334

VANCOUVER, British Columbia, Oct. 17, 2017 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (“First Majestic” or the “Company”) announces total production in the third quarter of 2017 from its six operating silver mines reached 4.0 million equivalent ounces of silver. Total production consisted of 2.4 million ounces of silver, 15,414 ounces of gold, 5.2 million pounds of lead and 0.9 million pounds of zinc.

“Consolidated production in the third quarter returned to higher levels compared to the prior quarter,” said Keith Neumeyer, President & CEO. “At La Encantada, improvements in throughput and silver grades allowed for a 62% increase in silver production. At Santa Elena and San Martin, total production at each operation beat guidance due to continued strong grades and higher recoveries. At La Parrilla, oxide production improved due to higher grade ore being sourced from the San Marcos mine. Lastly, as a safety precaution following two major earthquakes that struck near the La Guitarra mine in September, we temporarily suspended production for a total of eight days to allow for a full inspection of the operation. The inspection revealed no significant risks or damages allowing for the restart of production.”