TORONTO, Feb. 28, 2018 /CNW/ – Minera Alamos Inc. (TSXV:MAIand OTCQB:VGMTF) (the”Company”or”Minera Alamos”) is pleased to announceit isattending the Prospectors &Developers Association ofCanada(PDAC) 2018 Convention inToronto, ON. Management will beat BoothNumber: 2633 (Investors Exchange) Company representatives frombothMinera Alamosand CorexGold will beat the booth fromMarch 4 th to 7 th and willalso beavailablefor oneon-one meetings. The Companywill be discussing its recently announced merger (see news release ofJanuary 30 th ) withCorexGold Corporation (TSXV:CGE)as wellas its mine development plansat Santanaand La Fortuna.
Month: February 2018
ALMADEN EXPLORATION DRILLING HITS 10.00 METERS OF 2.11 G/T GOLD INCLUDING 2.00 M OF 8.17 G/T GOLD APPROXIMATELY 1.2 KM SOUTHWEST OF PFS PIT AT THE IXTACA PROJECT MEXICO
Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; 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 the Tano Zone which is located about 1.2 kilometres southwest,
along strike from the Main Ixtaca Zone and the 2017 Pre-Feasibility Study (“PFS”) pit. The Tano zone covers an area of exposed volcanic and breccia hosted alteration and elevated gold in soil samples. Previous drilling in this area identified veining and mineralisation. Further interpretation of these past results led to the drilling of the holes released today which now confirm significant mineralisation in this part of the property. There is no drilling between the holes announced today and the PFS pit area, along the 060 Azimuth trend of the Main Ixtaca Zone, and this gap is considered highly prospective.
Gainey Capital Signs Letter of Intent with Grupo Wolinak for Bulk Sample Processing at Huajicori Mill
Vancouver, British Columbia – Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to announce that it has signed a letter of intent (“LOI”) with Grupo Wolinak S.A. de C.V. (“Grupo Wolinak”) for the purchase and processing of a gold and silver mineralized bulk sample at the Company’s Huajicori mill. The bulk sample will be sourced from mineralized material located on surface at a historic gold, silver district within trucking distance of the mill. Prior work indicates grades of the bulk sample should be in the range of 2 – 2.5 g/t gold and 250 – 300 g/t silver. Results of the test work will be utilized to determine the viability of entering into a longer term processing agreement.
Torex Appoints Steven Thomas as Chief Financial Officer
TORONTO, Ontario, February 28, 2018 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announces that Steven Thomas will be joining the executive team as Chief Financial Officer effective April 2, 2018.
Santacruz Reports Progress on Veta Grande Mill Expansion and Additional Drilling Campaign at Armados Vein
Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that construction works to expand the Veta Grande mill capacity to 750 tpd are 85% advanced. Commissioning of this expansion is expected to start in late March. The mill expansion is being funded by Carrizal Mining, S.A. de C.V. (“Carrizal”) pursuant to the Carrizal LOI (see press release dated December 14th, 2017).
Defiance Identifies Large Target at San Acacio
Vancouver, British Columbia–(Newsle Corp. – February 28, 2018) – Deance
Silver Corp. (TSXV: DEF) (OTC: DNCVF) (“Deance”) is pleased to announce
that it has identied a signicant new target at depth at the San Acacio Project
in Zacatecas, Mexico. The large open-ended target covers an area extending
over 200 meters in a northwest to southeast direction along the 900-meter
under-explored portion of the Veta Grande vein, immediately southeast of the
San Acacio deposit. This new target was identied by an Induced Polarization
(“IP”) survey following up on recent drilling and measures 200 meters long by
300 meters wide, starting at a depth of approximately 200m below surface on
the surveyed area. The anomaly remains open in all directions and required an
additional IP survey to close off the anomaly on the property. The anomaly
correlates with the known strike and dip of the vein and occurs near where drill
holes SAD17-18 and SAD17-19 intersected wide zones of anomalous silver
Alset Minerals to Establish a Collaboration Agreement with Center for Research and Advanced Studies in Saltillo, Mexico in Efforts to Pilot Plant Test Its Lithium Prospective Salars
Vancouver, British Columbia–(Newsle Corp. – February 28, 2018) – Alset Minerals Corp. (TSXV:ION) (“Alset” or “the Company”) is pleased to announce that it is in the process of signing a collaboration agreement with the Center for Research and Advanced Studies of the National Polytechnic Institute (Cinvestav), in Saltillo, the capital of Coahuila, Mexico. Cinvestav has research labs focused on various areas of expertise throughout the country, the Saltillo lab is focused on metallurgy. This collaboration will include implementing the results from the advanced leaching analysis completed by Cinvestav over the last year on samples from Alset’s
salars. The ultimate aim is to move toward pilot plant testing of the salar material to determine the low-cost potential of recovering lithium and other minerals from these salars. All the salars are 100% owned by Alset.
Advance Gold Update to Shareholders on Its Silver and Gold Projects
Vancouver, British Columbia–(Newsle Corp. – February 28, 2018) – Advance
Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to
provide shareholders with an update on the company’s efforts to develop our
silver project in Mexico and to proceed with our working interest in a joint
venture with Acacia Mining plc.
AZURE COMPLETES HEAVILY OVERSUBSCRIBED A$8.2 MILLION PLACEMENT TO ACCELERATE SARA ALICIA AND OPOSURA PROJECTS
Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to advise that it has secured funding of approximately A$8.2 million (before costs) through a placement to institutional and sophisticated investors to enable the Company to continue development studies at its flagship Oposura project and to accelerate its exploration campaign to further define the high-grade, near-surface gold and cobalt mineralisation on the Sara Alicia project.
San Marco Announces Completion of I.P. Survey at 1068 Project, Textbook porphyry geophysical target identified
SanMarcoResources_2018-02-27_nr
Vancouver, B.C. – February 27th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces the completion of the previously announced Induced Polarization survey at the Company’s 100% owned 1068 porphyry copper, gold, molybdenum project in Sonora State, Mexico.