Vancouver, British Columbia- (Newsfile Corp. – April 17, 2018) – SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) (“SilverCrest” or the “Company”) is pleased to announce drill results from the Luigi Vein on the Las Chispas Property (the “Property”) located in Sonora, Mexico. SilverCrest discovered the Luigi Vein in the footwall of the Las Chispas Vein in mid-2017 but it remained un-named until the Company completed enough drilling to delineate an actual mineral vein. Several of the announced holes in this release were previously disclosed as an un-named vein. There are 23 known epithermal veins on the Property. The Company has tested ten (10) of these 23 veins (the Babicanora, Babicanora Footwall, Las Chispas, Giovanni, La Blanquita, William Tell, Varela, Granaditas, Luigi and Amethyst veins), all of which have drill-intersected high-grade mineralization. The Luigi Vein was not included in the recently announced maiden resource (refer to the Company’s news release dated February 26, 2018).
Month: April 2018
AMERICAS SILVER CORPORATION PROVIDES FIRST QUARTER PRODUCTION AND COST UPDATE INCLUDING RECORD LOW CASH COSTS AND ALL‐IN SUSTAINING COSTS
TORONTO, ONTARIO—April 17, 2018—Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) today announced consolidated production and operating cost results for the first quarter of 2018 and individually for its Cosalá Operations and Galena Complex. All figures are in U.S. dollars unless otherwise indicated.
Prospero Announces C$1.0m Private Placement
April 16, 2018 – Prospero Silver Corp. (TSX-V: PSL; the “Company” or “Prospero”) is pleased to announce that it proposes to complete a non-brokered private placement of up to 11.1 million units at a price of $0.09 per unit (a “Unit”), for gross proceeds of up to $1,000,000. Each Unit will consist of one common share of Prospero (a “Share”) and one-half of a non-transferable share purchase warrant exercisable for a term of two years, subject to the acceleration terms described below (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional Share at an exercise price of $0.16 per Share. Finder’s fees may be payable on all, or part, of the offering, and such finder’s fees will be paid in cash. The completion of the offering is subject to acceptance for filing by the TSX Venture Exchange (the “TSX.V”).
Evrim samples 106.2 metres grading 13.61 g/t gold at 100%-owned Cuale High Sulphidation project
Vancouver B.C. – April 16, 2018: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce additional exploration results from the Phase Two exploration program on its 100%-owned Cuale high sulphidation epithermal gold project in Jalisco, Mexico. Results from two cross trenches to complete the Phase Two program show significant widths and consistency of mineralization within the “La Gloria” prospect as well as high grades over shorter intervals. A second line of induced polarization (IP) geophysics demonstrates a similar character to the first line and defines additional quality drill targets.
Geologix Proposes Name Change And Share Consolidation
Vancouver, B.C., April 16, 2018 — Geologix Explorations Inc. (TSX-V: GIX) (“Geologix” or the “Company“) announces its intention to change the Company’s name to ValOro Resources Inc. and its ticker symbol to VRO on, and subject to approval of, the TSX-V. Along with the name change, the Company intends to consolidate its common shares (the “Consolidation“) on the basis of one (1) post-Consolidation common share for every ten (10) pre-Consolidation common shares, subject to shareholder and TSX-V approvals.
Fortuna reports production of 2.4 million ounces of silver and 15,041 ounces of gold for the first quarter of 2018
Vancouver, April 16, 2018–Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to reportfirst quarter 2018 production results from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 15,041 ounces of gold or 3.4 million Ag Eq1 ounces, plus base metal by-products. Fortuna is on schedule to meet annual production guidance of 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq ounces in 2018 (see Fortuna news release dated January 17, 2018).
MCEWEN MINING REPORTS Q1 2018 PRODUCTION RESULTS
TORONTO, April 16, 2018 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports consolidated production for Q1 2018 of 35,069 gold ounces and 695,651 silver ounces, or 44,344 gold equivalent ounces(1) (“GEOs”), using a 75:1 gold to silver ratio.
Consolidated Production Summary
| Q1 ‘18 | Q4 ‘17 | Q3 ‘17 | Q2 ‘17 | Q1 ‘17 | |
| Gold ounces | 35,069 | 48,609 | 19,051 | 22,191 | 20,096 |
| Silver ounces | 695,651 | 926,739 | 749,749 | 779,487 | 722,767 |
| GEOs | 44,344 | 60,965 | 29,047 | 32,584 | 29,733 |
Monarca Minerals Provides Corporate Update
Toronto, Ontario- (Newsfile Corp. – April 16, 2018) – Monarca Minerals Inc. (TSXV: MMN) (“Monarca” or the “Company”) is pleased to provide an update on its recent activities.
Tejamen Project
Monarca has completed the re-logging of 202 reverse circulation drill holes and 10 core holes in San Augustin in the state of Durango. The purpose of the re-logging exercise is to design a new drill program once the surface rights have been secured.
Discussions regarding the surface rights at Tejamen are moving forward on a number of fronts. Carlos Espinosa, the President of Monarca, has met with municipal, state and federal officials, and recently Monarca engaged a Mexican consulting firm specialized in community relations in Mexico with strong track record resolving similar issues to those that Monarca is facing at Tejamen project
Highlights on the Second Week of April, 2018. Mining and Exploration News in Mexico
On the picture above, granodiorite fragments displaying quartz-jarosite-oxidized pyrite stockwork veining in a prospect in Oaxaca, Mexico. Photo by Miguel A Heredia.
By Miguel A Heredia
During the 15th week of the year (April 9th to April 15st, 2018), at least 26 press releases were announced by companies working in Mexico, with seven informing on exploration results, six reporting Q1 2018 results, three announcing financing, three communicating deals and corporate issues, and two reporting on resources & development. ON MEXICO ISSUES, Mexico beat the gold production record during 2017 and led the global silver production for the eighth consecutive year. CAMIMEX reported that mining companies working in Mexico invested $4,632M USD in the mining sector during 2017. In Sonora, Argonaut provided information about the explosives permit which was suspended temporarily at its La Colorada Mine. In Guerrero, Torex announced that the labor conflict at its El Limon-Guajes Mine Complex is over. ON EXPLORATION, In Baja California Norte, One World Lithium announced results at its Salar del Diablo Lithium project. In Sonora, SilverCrest reported drilling results from its Las Chispas project, Silver One identified new geophysical targets at its Peñasco Quemado project, and Azure reported metallurgic results on its Oposura project. In Chihuahua, Mammoth and Kootenay announced drilling results on their Tenoriba and la Cigarra projects respectively. In Zacatecas, Advance Gold announced underground sampling results. ON MINING, several companies reported Q1 2018 results on its Mexican operations. In Sonora, Alio reported results from its San Francisco mine; in Chihuahua, GoGold reported results on its Parral operations; in Durango, Hecla and Great Panther reported results on their San Sebastian and Topia mines respectively. Great Panther also reported results on its Guanajuato Mine Complex in Guanajuato, Capstone reported results on its Cozamine mine in Zacatecas, and Leagold reported results on its Los Filos Mine in Guerrero. ON FINANCING, Oroco announced its intention to complete a private placement for $750K. Mexican Gold closed a private placement for $1.05M. Alset closed a private placement for $0.99M. ON RESOURCES AND DEVELOPMENT, In Oaxaca, Gold Resource announced the northwest expansion of its Arista Mine. Mexican Gold reported results from its resource expansion drill program at Las Minas, Veracruz. ON DEALS AND CORPORATE ISSUES, Colibri filed its annual audited financial statements (Pitaya, Sonora). Marlin announced some directors changes (La Trinidad, Sinaloa). Alio announced the appointment of its VP Corporate Development (San Francisco mine, Sonora).
ON MEXICO ISSUES
- Mexico established a new record in gold production during 2017 according to the Gold Focus 2018 report, reaching 3,292 tonnes. Also, Mexico led the global silver production for the eighth consecutive year, producing 196.4M Oz Ag during 2017. CAMIMEX reported an investment of $4,632M USD in the mining sector during 2017 in Mexico.
- Argonaut Gold Inc., provided and update on the temporary suspension of its explosive permit at La Colorada Mine.
- Torex Gold Resources, announced that the Union in conflict at its El Limon-Guajes Mine Complex in Guerrero has withdrawn its case before Mexico´s Federal Labour Board. With this fact, the labor conflict can be considered over.
ON EXPLORATION
- One World Lithium Inc., announced sampling results at its Salar del Diablo Lithium project in Baja California Norte. 59 auger samples and 4 rock-chips samples were collected returning Li values ranging from a low of 4.7 to a high of 196.5 ppm, with an average of 84 ppm Li.
- SilverCrest Metals Inc., reported drill results on the Babicanora Vein, including Area 51, within its Las Chispas project in Sonora. Significant results are 4m of 22.8 g/t Au and 1,718 g/t Ag, and 4.5m of 8 g/t Au and 912 g/t Ag. To date, a total of 20 holes have intersected the high-grade footprint of the Area 51 zone, with an average grade of 10.4 g/t Au and 944 g/t Ag.
- Silver One Resource Inc., identified four new geophysical exploration targets at its Peñasco Quemado project in Sonora. The CSAMT identified deep zones of low resistivity suggesting channels for potential mineralizing solutions. These 4 targets expand the exploration potential, and are encompassed by strong to moderate Zn, Pb, Cu, and Ag anomalies.
- Azure Minerals Limited, announced metallurgy results on its Oposura project in Sonora, with > 85% Zn and > 80% Pb recoveries. Further testwork will be carried out to optimize recovery and concentrate grades.
- Mammoth Resources Corp., announced results from 2 holes on its Tenoriba project in Chihuahua. The diamond hole drilled at Masuparia area intersected 45.4m of 0.53 g/t Au and the first hole ever drilled at Los Carneritos area intersected 39m of 0.21 g/t Au.
- Kootenay Silver Inc., announced drill results, 1km away from the current resources at its La Cigarra project in Chihuahua. Significant intersections are 17m of 267 g/t Ag, including 10m of 437 g/t Ag, and 16m of 112 g/t Ag, including 10m of 144 g/t Ag. The results indicate the mineralized structure extends for an additional 1Km of strike to the northwest of the resource area.
- Advance Gold Corp., announced underground sampling results on its Tabasquena Mine in Zacatecas. The sampling returned grades of up to 362 g/t Ag near surface and two of the deepest samples returned 642 g/t Ag and 656 g/t Ag. A first phase, 500m core drilling program in two holes is underway with the aim of intersecting the sulphide zone of the La Tabasquena and La Nina veins.
ON MINING
- Alio Gold Inc., reported results on its San Francisco mine in Sonora. On Q1 2018, Alio processed 1.7M tonnes with an average grade of 0.42 g/t Au to produce 17.6K Oz Au
- GoGold Resources Inc., reported results from its Parral operations in Chihuahua. On Q1 2018, GoGold processed 439K tonnes of tailings material to produce 266K Oz Ag and 1,900 Oz Au.
- Hecla Mining Company, announced results on its San Sebastian mine in Durango. On Q1 2018, Hecla produced 0.5M Oz Ag and 4,500 Oz Au.
- Great Panther Silver Limited, reported results on its Mexican operations in Durango and Guanajuato. On Q1 2018, Great Panther milled 17,950 tonnes at its Topia mine in Durango with average grades of 0.74 g/t Au and 348 g/t Ag to produce 244 Oz Au, 186.2K Oz Ag, 433 tonnes of Pb and 533 tonnes of Zn, while in its Guanajuato Mine Complex in Guanajuato milled 78,919 tonnes with average grades of 2.50 g/t Au and 135 g/t Ag to produce 5,586 Oz Au and 304.8K Oz Ag.
- Capstone Mining Corp., announced results on its Cozamin mine in Zacatecas. On Q1 2018, Capstone milled 212,912 tonnes with average grades of 2.09% Cu, 0.62% Zn, 0.08% Pb, and 45 g/t Ag to produced 4,300 tonnes of Cu, 795 tonnes of Zn, 21 tonnes of Pb, and 250K Oz Ag.
- Leagold Mining Corporation, reported results on its Los Filos mine in Guerrero. On Q1 2018, Leagold produced 51K Oz Au. The company also announced 650m of advance of the main ramp at its Bermejal underground mine, which is half of the way to reach the central high-grade portion of the deposit.
ON FINANCING
- Oroco Resource Corp., announced its intention to close a non-brokered private placement for $750K. Net proceeds will be used for exploration expenditures (Santo Tomas, Sinaloa).
- Mexican Gold Corp., closed a non-brokered private placement for $1.05M. Net proceeds will be used to continue exploration on its Las Minas project in Veracruz.
- Alset Minerals Corp., closed a private placement for $992.5K. Part of the net proceeds will be used to advance its lithium project in Mexico (La Salada, Zacatecas).
ON RESOURCES AND DEVELOPMENT
- Gold Resource Corporation, announced the northwest expansion of its Arista Mine in Oaxaca with 12 additional step-out and infill drill holes. Significant interceptions are 2m of 6.7 g/t Au and 864 g/t Ag, 2.08m of 1.98 g/t Au and 1,583 g/t Ag, and 1.55m of 9.36 g/t Au and 75 g/t Ag. These drill holes extend the known mineralization of the Arista vein system along strike to the northwest and both up and down-dip.
- Mexican Gold Corp., reported results from its resource expansion drill program at Las Minas project, Veracruz, within the El Dorado/Juan Bran, Santa Cruz, and Nopaltepec zones. Significant results are 26m of 1.74 g/t Au and 5 g/t Ag, including 20m of 2.19 g/t Au and 6.1 g/t Ag; 30m of 1.05 g/t Au and 6.5 g/t Ag, including 12m of 1.32 g/t Au and 8.5 g/t Ag; 22m of 1.73 g/t Au and 4.7 g/t Ag; and 12m of 1.07 g/t Au and 1 g/t Ag. The drill program is ongoing and is focused on resource expansion of the three known zones and selective upgrading of the resource category.
ON DEALS AND CORPORATE ISSUES
- Colibri Resource Corporation, filed its annual audited financial statements for the period ending November 30, 2017 (Pitaya project, Sonora).
Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.
On the picture below, granodiorite fragments displaying quartz-jarosite-oxidized pyrite stockwork veining in a prospect in Oaxaca, Mexico. Photo by Miguel A Heredia.
México, mayor productor global de plata por octavo año
México, mayor productor global de plata por octavo año
México produjo 196.4 millones de onzas de plata en 2017, con lo que se colocó por octavo año consecutivo como el mayor productor mundial de este metal, reveló el informe anual del Instituto Mundial de la Plata, divulgado hoy.
El reporte destacó que la producción de plata en 2017 en México aumentó en 10.1 millones de onzas, un 5.0%, frente al año precedente, impulsada por una mayor generación en las minas de San Julián y Peñasquito.