Vancouver, BC – December 6, 2017, Corex Gold Corp. (“Corex” or the “Company) announces that further to its news releases of November 2, 2017 and November 27, 2017, the Company has received TSX Venture Exchange (“Exchange”) final approval and closed the non-brokered private placement by issuing an aggregate 23,275,000 units of the Company (the “Units”) at an issue price of $0.10 per Unit for gross proceeds of $2,327,500.
Month: December 2017
Minera Alamos Delineates New Gold Bearing System at La Fortuna Gold Project
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TORONTO, ONTARIO December 7, 2017
Minera Alamos Inc. (TSX VENTURE: MAI) (the “Company” or “Minera Alamos”) is pleased to provide an update in advance of the first phase of exploration drilling planned at the La Fortuna gold project (the “Project”) in Durango, Mexico. During the compilation of historic information for the extended project area, drill holes and associated data were discovered for an area approximately 1300m southwest of the Company’s La Fortuna Main Zone resource. The shallow historic drill holes provided indications of significant near surface disseminated gold/silver mineralization with “heap leach style” intervals of up to 50m in width1 . Rock sampling in recent months surrounding the new target zone has returned assays up to 8 g/t Au and 30 g/t Ag over a mineralized area of approximately 500m x 300m.
Firma Holdings Provides Corporate Update
HENDERSON, Nev., Dec. 07, 2017 (GLOBE NEWSWIRE) — Firma Holdings Corp. (OTC PINK:FRMA) (the “company”) is pleased to provide a corporate update.
Gracepoint Mining (Subsidiary)
Don Roman Project, Choix, Mexico
The project, consisting of 10,000 hectares of mineral claims, hosts over 80 known structures, and includes a 3 Circuit 360 tonne (estimated) per day flotation mill centrally located to the structures and about 100 meters off of a government paved road. In addition, 80% of the known structures are accessible by existing road infrastructure.
The company has recently entered into a Profit Participation Agreement with a third party to fund the refurbishment of the flotation mill and the development of the Rosario zinc-lead-silver mine that has had historic production. The agreement calls for an investment of a minimum of $250,000 and a maximum of $600,000 to earn an expected 10% net cash flow interest.
Azure Minerals Drills 26.2 Metres of 9.5 g/t Gold at Sara Alicia Project
171207-Sara-Alicia-returns-more-Gold-and-Cobalt
GOLD GRADE IN DRILL HOLE DSA-03 INCREASES by >10%
HIGHLIGHTS:
• Re-assaying increases gold grade in DSA-03 intercept by more than 10%:
DSA-03: 26.2m @ 9.5g/t Au including 12.6m @ 16.8g/t Au
• Hole DSA-05 intersected high-grade cobalt mineralisation above and below a
2.75m mining void – final results include:
5.05m @ 1.40g/t Au from 12.00m
8.45m @ 1.24g/t Au from 25.15m
2.60m @ 0.33% Co from 8.95m surrounding 2.75m mining void
• Ground magnetic survey completed – results being evaluated
• Further exploration of high-grade gold-cobalt zone planned
Almadex Cuts 108.00m of 0.88 g/t Gold and 0.29% Copper Including 80.00m of 1.11 g/t Gold and 0.36% Copper at the Porvenir Zone, the Fourth in the El Cobre Project Cluster of Copper Gold Porphyry Zones
VANCOUVER, B.C. Almadex Minerals Limited (“Almadex” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce it has received assay results from holes EC-17-040 and 042, the first drilled since 2013 at the Porvenir Zone which is located roughly 3 km to the southeast of the Norte Zone and 1.8 km southeast of the Raya Tembrillo area of the Villa Rica Zone. Since 1998, the El Porvenir area has seen 18 past diamond and RC drill holes many of which intersected important porphyry mineralisation. Hole EC-17-040 was drilled at an azimuth of 220 to cut approximately perpendicular to the strike of a sheeted vein zone identified in outcrop. This hole intersected significant fresh hypogene porphyry alteration and associated copper gold mineralisation. Hole EC-17-042 was drilled to the west (270 azimuth) and is interpreted to have missed this vein zone. Highlights from hole EC-17-040 and 042 include the following intercepts all of which are also shown on the attached plan and section:
Hole EC-17-040 PORVENIR ZONE, 220 Az, -45 dip
From 68.00 to 423.00, 355.00 m @ 0.41 g/t gold and 0.16% copper
Including 187.00 to 295.00, 108.00 meters @ 0.88 g/t gold and 0.29% copper
And 209.00 to 289.00, 80.00 meters @ 1.11 g/t gold and 0.36% copper
Hole EC-17-042 PORVENIR ZONE, 270 Az, -45 dip
From 118.50 to 196.50, 78.00 m @ 0.11 g/t gold and 0.10% copper
Silver One Commences Geophysical Survey at Peñasco Quemado, Sonora State, Mexico
Vancouver, BC, December 5, 2017 – Silver One Resources Inc. (TSX.V:SVE; OTC Pink:SLVRF; FSE:BRK1 – “Silver One” or the “Company”) has commenced a geophysical survey at its wholly-owned Peñasco Quemado silver property in Sonora, Mexico. The purpose of the survey is to develop a 3D-quality map of lithologies identified as high-priority target areas with strong zinc and lead soil geochemistry analysis in early 2017 (see Company news release dated March 1, 2017) and better delineate targets for potential future drilling.
Ethos Gold Corp. Announces Melvin Herdrick Joins Board of Directors
VANCOUVER, British Columbia, Dec. 05, 2017 (GLOBE NEWSWIRE) — Ethos Gold Corp. (“Ethos” or the “Company”) (TSXV:ECC) is pleased to announce that Melvin Herdrick has joined its Board of Directors. Mel is a professional geologist with over 35 years of experience in exploration in the United States and Mexico, including 9 years as Chief Geologist for Phelps Dodge in Mexico from 1994 to 2003, and 8 years as Vice President of Exploration for Pediment Gold Corp. until its takeover by Argonaut Gold Inc. in 2011. Mel has worked as a consultant to Ethos and has played a lead role in identifying and evaluating gold exploration opportunities for Ethos in Mexico, including the recently announced option to acquire the La Purisima property in Chihuahua.
Marlin Gold Intersects 4.65 g/t Au Over 7.20m Approximately 6m from Surface at the Colinas Target at the La Trinidad Mine
VANCOUVER, Dec. 5, 2017 /CNW/ – Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to announce positive drill results from the Colinas target area (“Colinas”) less than 1 kilometer from the Taunus pit within the permitted mining boundary at the wholly owned La Trinidad gold mine in Sinaloa, Mexico (the “La Trinidad Mine”).
Goldcorp declares quarterly dividend of $0.02 per share
VANCOUVER, Dec. 4, 2017 /PRNewswire/ – GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to announce that its Board of Directors declared a fourth quarterly dividend for 2017 of $0.02 per share. Shareholders of record as of the close of business on Thursday, December 14, 2017 will be entitled to receive payment on Friday, December 22, 2017.
Dividend Reinvestment Plan
Goldcorp has implemented a Dividend Reinvestment Plan (“DRIP”). For the purposes of the quarterly dividend, the Company has elected to issue common shares under the DRIP through treasury at a 3% discount to the Average Market Price. Dividends are only payable as and when declared by Goldcorp’s Board of Directors and there is no entitlement to any dividend prior thereto. Goldcorp may, from time to time, in its discretion, change or eliminate the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly announced. Participation in the DRIP is optional and will not affect shareholders’ cash dividends unless they elect to participate in the DRIP. Participation in the DRIP is open to all registered and beneficial shareholders in Canada and the United States. Shareholders that are resident in jurisdictions other than Canada and the United States may also participate in the DRIP, subject to any restrictions of laws in such shareholder’s jurisdiction of residence.
U. S. ANTIMONY REPORTS APPROVAL OF LOS JUAREZ LEACH PLANT PERMIT
December 4, 2017. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported that SEMARNAT (the equivalent of the U.S. EPA) has issued USAMSA (a wholly owned subsidiary of USAC) the permit for a cyanide leach plant for the Puerto Blanco mill in Guanajuato, Mexico.
The plant is designed to recover gold and silver from the pilot flotation mill tailings of the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico. The deposit is 3.5 kilometers in length and over 1 kilometer in width. It has all the signature elements of the Carlin gold mine and the Robert’s Mountain over-thrust belt in Nevada. The deposit has been owned by two major mining Companies but has never gone into production due to the complex metallurgy. USAC has solved the metallurgical problem with the floatation product by adding an alkaline leach circuit. A second issue was that the mill only recovered 30 to 50% of the gold and 60 to 80% of the silver in the flotation concentrate. Test work showed that these values could be recovered by a cyanide leach of the mill tailings. USAC has finally gotten the permit for the cyanide leach after many years. Construction of the leach circuit has commenced. Initial projects will include a plastic liner for the tailings pond and construction of the leach plant building. In Montana, construction of leach plant equipment is underway.