Month: December 2017

Oceanus Completes Fall 2017 Drilling Program

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oceanus-press-release-fall-2017-program

HALIFAX, NOVA SCOTIA – December 21, 2017 – Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF) (“Oceanus” or the “Company”) has completed the 2017 fall drill program at its wholly owned El Tigre Gold-Silver Property located in northern Sonora, Mexico. The fall 2017 program comprised 600 meters of diamond drilling to define the strike and dip of the high-grade Caleigh vein and the low-grade alteration zone in the hanging wall.  Due to a backlog at the lab, assay results for holes ET-17-146 to ET-17-151 are pending and are expected to be released in January 2018 once the Company receives them.

Americas Silver Corporation Declares Commercial Production at the San Rafael Mine

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AmericasSilverCorporation_nr20171221

TORONTO,  ONTARIO—December  21,  2017—Americas  Silver  Corporation  (TSX:  USA)  (NYSE American:
USAS) (“Americas Silver” or the “Company”) is pleased to announce that the San Rafael mine (“San Rafael”), at  the  Company’s  Cosalá  Operations  in  Sinaloa,  Mexico,  has  successfully  completed  its  pre‐production phase and declared commercial production as of December 19, 2017.
Mine production at  San  Rafael is  currently  averaging  approximately  ,200 tonnes per  day and increasing as additional ore headings continue to be established. The Company’s Los Braceros mill began processing San  Rafael  ore  on  November  19,  2017  and  has  steadily  increased  throughput  and  recoveries.  It  has averaged approximately 1,400 tonnes per day through the pre‐production period with silver, zinc and lead recoveries within 5% of Company expectations and continues to improve. An accumulated pre‐production stockpile  of  approximately  23,000  tonnes  is  available  to  supplement  mill  feed  as  necessary.  The  mine  is initially targeting 1,500 tonnes per day of throughput in early Q1 2018 and expects to test the limits of the existing design capacity of the mill in the second half of 2018.

Consolidated Zinc: Massive Sulphides Intersected at Tres Amigos North

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20171221.-Massive-sulphides-intercepted-Tres-Amigos-North.-Drilling-update

Consolidated Zinc Limited (ASX:CZL) is pleased to provide an update of the latest extensional and infill resource definition drilling campaign that recommenced on 27 November, 2017 at Plomosas mine in Mexico.
The first two holes completed, LV5039 and LV5040, intersected thick massive sulphide intervals associated with the Juarez Limestone  over 5.60m and 4.35m respectively. Assays are pending but visual analysis shows mineralisation comprises banded textured massive sulphides with very fine to fine-grained pyrite overprinted by coarse-grained yellow to reddish sphalerite and minor galena associated with carbonates.
Both mineralised zones are outside of and will potentially extend the current JORC mineral resource envelope. The mineralised unit in LV5039 occurs 25 metres above the Tres Amigos North resource envelope, while the mineralised unit in LV5040, occurs 75 metres below Level 7.

Almaden Minerals Hits 16.40 m of 2.25 g/t Gold and 25.3 g/t Silver and 10.50 m of 2.45 g/t Gold and 24.4 g/t Silver in Upper Portion of PFS Pit

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AlmadenMinerals_12-20-17

VANCOUVER, BC–(Marketwired – December 20, 2017) – Almaden Minerals Ltd. (“Almaden” or “the Company”) (TSX: AMM)(NYSE MKT: AAU) (NYSE American: AAU) is pleased to announce new assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. Today’s results are from holes TU-17-508, 517, 521, 522, 524, 525, 526 and 528 which were drilled to follow-up hole TU-17-504 (announced August 23, 2017) that intersected new and significant mineralisation in an upper portion of the Pre-Feasibility Study (“PFS”) pit which was modelled as waste material in the Company’s PFS. These latest results confirm the discovery of a new zone of mineralisation in the volcanic and limestone lithologies

Alio Gold Intersects 3.85 g/t Au Over 112 Metres At Ana Paula

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http://aliogold.com/investors/news-releases/index.php?content_id=382

December 20, 2017, Vancouver, BC – Alio Gold Inc (TSX, NYSE MKT: ALO) (“Alio Gold” or the “Company”), is pleased to provide the final drill results from the 2,000 metre drill program to twin previous drill holes within the pre-feasibility pit for metallurgical test work samples at its Ana Paula project in Guerrero, Mexico.

Highlights

  • Final drill results received from the 2,000m drill program for metallurgical sampling, confirm high-grade mineralization and lithology in the Mineral Resource Estimate (‘MRE’) dated May 16, 2017 as per the NI 43-101 Preliminary Feasibility Study
  • Drill hole 17-13 intersected 112.0m (from 8.0m to 120.0m) of 3.85 g/t gold
  • Drill hole 17-14 intersected 33.1m (from 116.9m to 150.0m) of 7.07 g/t gold
  • Drill hole 17-15 intersected 54.6m (from 11.6m to 66.2m) of 7.19 g/t gold

Vangold Mining Acquires San Carlos Mining Property; Adds Mining Claims in Guanajuato, Mexico

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31458_Vangold_Mining

Vancouver, British Columbia–(Newsfile Corp. – December 19, 2017) – Vangold Mining Corp. (“Vangold” or the “Company”) (TSXV: VAN) (OTC: VGLDF) is pleased to announce, that its wholly owned subsidiary, Obras Mineras El Pinguico SA de CV (OMP) and Exploraciones Mineras Del Bajio SA de CV (“EMDB”) have entered into an Acquisition Agreement for a 100% interest in the rights derived from a mining concession covering the lot referred to as San Carlos; title 166666; file 031/04372 (the “San Carlos Property”).

SilverCrest Closes $10 Million Bought Deal Private Placement

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nr_20171219_SilverCrest

Vancouver, British Columbia–(Newsfile Corp. – December 19, 2017) – SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) (“SilverCrest” or the “Company”) is pleased to announce the completion of the bought deal private placement offering announced on November 30, 2017 whereby the Company issued a total of 9,572,810 units of the Company (“Units”) at a price of $1.05 per Unit (the “Issue Price”) for gross proceeds of $10,051,450 (the “Offering”). Each Unit consists of one common share of SilverCrest and one‑half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one common share of SilverCrest at an exercise price of $1.45 until December 19, 2019. The Offering includes exercise in full of the underwriters’ option to purchase additional Units at $1.05 per Unit.

Marlin Announces Shareholder Approval and Final Court Approval of Arrangement

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2017.12.19_Marlin

VANCOUVER, Dec. 19, 2017

VANCOUVER, Dec. 19, 2017 /CNW/ – Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia dated December 18, 2017 to implement the Company’s previously announced plan of arrangement (the “Arrangement”) to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp. (“Sailfish”).

Gainey Signs Letter of Intent to Acquire the 9200 Hectare La Minita Property, Sinaloa, Mexico

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Grainey_191217

VANCOUVER, BC / ACCESSWIRE / December 19, 2017 / Gainey Capital Corp. (TSX-V: GNC) (OTC PINK: GNYPF) (“Gainey” or the “Company”) is pleased to announce that it has entered into a non-binding Letter of Intent (“LOI”) with Asteria Mining Services, S.A.P.I. de CV of Mazatlán, Sinaloa (“AMS”) to acquire 100% of the La Minita Copper /Gold/Silver Property (“La Minita” or “the property”) located in the state of Sinaloa, Mexico. The property is comprised of five mineral claims or applications encompassing approximately 9,200 hectares located 80 kilometers to the southeast of Mazatlán. The property borders Marlin Gold’s La Trinidad mine property to the northeast and Agnico Eagle’s El Coral property to the southeast.

Orex, Canasil and Pan American Sign Letter of Intent to Advance the Exploration in the Sandra Escobar Mining Camp, Durango State, Mexico

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2017-12-19-nr-rex-rhkr8x

Vancouver, BC – Orex Minerals Inc. – (TSX.V: REX – OTCQX: ORMNF) (“Orex”), is pleased to announce that they have signed a non-binding letter of intent (“LOI”) with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”) and Pan American Silver Corp. – (TSX: PAAS – NASDAQ: PAAS) through its subsidiary Plata Panamericana SA de CV (“Pan American”) to advance exploration in the Sandra Escobar Mining Camp, northern Durango State, Mexico.

Gary Cope, President of Orex states, “We are very pleased to bring in a respected and major mining company, as their involvement validates Sandra Escobar and there is still potential for significant upside at the project. We look forward to working closely with both our partners and unlocking future value for our shareholders.”