VANCOUVER, British Columbia, May 30, 2018 (GLOBE NEWSWIRE) — Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) (“Alio Gold” or the “Company”), is pleased to provide the final set of drill results from its surface drill program at its 100%-owned Ana Paula project in Guerrero, Mexico. The 3,800 metre surface diamond drill program was initiated in January 2018 and consisted of six drill holes of 600 to 700 metres each targeting the complex breccia extension below the proposed open-pit. Additionally, two 300 metre surface holes were drilled into the near surface hydrothermal breccia to test its southern extension.
Month: May 2018
SONORO ADDS TRES AMIGOS CONCESSION TO CERRO CALICHE
VANCOUVER, British Columbia, May 29, 2018 (GLOBE NEWSWIRE) — Sonoro Metals Corp., (“Sonoro”) (TSXV:SMO) (OTCQB:SMOFF), announces that its Mexican subsidiary, Minera Mar De Plata, SA de C.V. has executed a formal option agreement (the “Tres Amigos Option Agreement”) with two residents of Magdalena de Kino, Sonora, Mexico (the “Vendors”), to acquire a 100% interest in the 20 hectare Tres Amigos concession (“Tres Amigos”) located contiguous to the recently-acquired Cerro Caliche concessions in the prolific Cucurpe Sonora Mega-district of Sonora, Mexico. The option agreement increases the land holdings under option to Sonoro in this important gold mining district to 1,455 hectares.
ENDEAVOUR APPOINTS VICE PRESIDENT, NEW PROJECTS
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VANCOUVER, British Columbia, May 29, 2018 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces the appointment of Manuel Echevarria, P.Eng., MBA, as the Vice President, New Projects to lead the company’s project development and technical services group based in Mexico.
Orla Mining Announces Positive Results of Preliminary Economic Assessment and New Mineral Resource Estimate for Camino Rojo
VANCOUVER, BC – May 28, 2018 – Orla Mining Ltd. (TSX VENTURE: OLA) will be releasing the results of a Preliminary Economic Assessment Study and a new resource estimate on the Camino Rojo Project, located in Zacatecas State, Mexico before market on May 29, 2018.
SilverCrest Discovers New High-Grade Vein at Las Chispas; 1.5 metres @ 23.96 gpt Au and 2,081 gpt Ag, or 3,879 gpt AgEq
VANCOUVER, BC – May 29, 2018 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the drill results and discovery of the Babicanora Norte Vein on the Las Chispas Property (the “Property”) located in Sonora, Mexico. The high-grade Babicanora Norte Vein was discovered while drill-testing beneath recently located shallow historic workings (see attached Figures). This vein is approximately 300 metres northeast of the parallel Babicanora Vein. There are 23 known epithermal veins on the Property, including 11 which have drill-intersected high-grade mineralization and consist of the Babicanora, Babicanora Footwall, Babicanora Norte, Las Chispas, Giovanni including La Blanquita, William Tell, Varela, Granaditas, Luigi and Amethyst veins. Five of the 23 veins have been included in the maiden resource (refer to “Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico”, effective February 12, 2018 and amended May 9, 2018).
IMPACT Silver Announces First Quarter 2018 Financial and Production Results
IMPACT Silver Announces First Quarter 2018 Financial and Production Results
VANCOUVER, May 28, 2018 /CNW/ – IMPACT Silver Corp. (“IMPACT”or the”Company”) is pleased to announceits financialresults for thethree monthsendingMarch 31, 2018.
Fred Davidson, Presidentand CEO, stated, “Silver prices reached its recent high in January 2018 at USD$17.54 an ounce but fellas the quarter progressed as the US dollarand interest ratestarted increasing. Nonetheless inQ1 our shares outperformed sector peers largely dueto our exploration successat our sizable 357km2 land package, 5,000+ underground workings,and high potentialexploration targets. The Company
continues to believeits marketcapitalization remains undervalued given our production and exploration potential.”
Telson Mining Corporation Announces Graduation to Tier 1 of the TSX Venture Exchange
Telson Mining Corporation (“Telson” or the “Company”) (TSX Venture – TSN.V, OTCBB – SOHFF, Frankfurt – TSGN (formerly SQ82)) is pleased to announce that it has been approved for graduation from Tier 2 issuer status to Tier 1 issuer status by the TSX Venture Exchange. Telson will commence trading as a Tier 1 issuer on the TSX Venture
Exchange on Tuesday May 29, 2018. Tier 1 is the premier tier on the TSX Venture Exchange and is reserved for the most advanced issuers with significant financial resources.
Pan American Silver Reduces Certain Activities at the Dolores Mine
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Vancouver, B.C. – May 28, 2018 – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American Silver”, or the “Company”) today announces that it has initiated steps to reduce certain activities at its Dolores mine in Mexico following recent security incidents along the access roads being used to transport personnel and materials to and from the Dolores mine. The Company is working with state and federal authorities to provide safe access to the mine. The mine site remains secure. Ore stacking to the leach pads and the processing plant are currently operating at normal rates.
Highlights on the Fourth Week of May, 2018. Mining and Exploration News in Mexico
By Miguel A Heredia
During the 21th week of the year (May 21th to May 27th, 2018), at least 15 press releases were announced by companies working in Mexico, with six informing on exploration results, 3 communicating deals and corporate issues, 2 reporting Q1 2018 results, two announcing financing, and two reporting on resources & development. ON MEXICO ISSUES, no relevant news ON EXPLORATION, In Sonora, Canuc provided an update on exploration results at its San Javier project, Azure reported drilling results from its Oposura project, and Riverside presented an update on exploration results from its Glor property. In Sinaloa, Goldplay announced the start of a drilling program on its Habal project. In Coahuila, Discovery Metals reported geochemical results for its Puerto Rico project. Canasil started a drilling program at its La Esperanza project in Zacatecas-Durango. ON MINING, Santacruz reported Q1 2018 results for its Veta Grande and the Rosario projects in Zacatecas and San Luis Potosí, respectively. Telson started commercial production at its Campo Morado mine in Guerrero. ON FINANCING, Minaurum closed a private placement for $1 M. Prospero closed a placement for $517K. ON RESOURCES AND DEVELOPMENT, Sierra Metals updated mineral reserve and resource estimate at its Bolivar mine in Chihuahua. McEwen announced new preliminary economic assessment for its El Gallo Complex in Sinaloa. ON DEALS AND CORPORATE ISSUES, Alio announced voting results of its annual general meeting and approved the acquisition of Rye Patch Gold Corp. Almadex changed its name to Azucar Minerals Ltd. Leagold received approval to acquire Brio Gold.
ON MEXICO ISSUES
- No relevant news
ON EXPLORATION
- Canuc Resources Corporation, reported sampling results from its San Javier project in Sonora. Significant results from the northeast section of the San Javier mineralized corridor are 1.5m of 625 g/t Ag in breccia material at the Chiripas working and 3.8m of 477 g/t Ag in vein material at the Little Pit working. In the southwest portion at the Jazmin old working sampling returned 2m of 698 g/t Ag in vein material. “These results clearly indicate that high grade silver vein mineralization, and also silver bearing breccia geology, is evidenced along the full 3 km strike extent of the San Javier structure and the San Javier mineralized corridor. This is very encouraging for geological prospects and vein continuity along trend in the northeasterly direction, and suggests potential for a robust high-grade and vein hosted mineral endowment.” Canuc also announced the release of two of the nineteen claims optioned in san Javier property.
- Azure Minerals Limited, reported drilling results from its Oposura project in Sonora. Highlights include 12.5m of 3.9% Pb and 12.4% Zn; 3.20m of 8.0% Pb and 13.0% Zn, 2.95m of 7.7% Pb and 10.3% Zn, and 2.50m of 2.4% Pb and 24.8% Zn. “The weighted average thickness of the intersections within this high-grade zone is 5.8m of 5.5% Pb and 13.7% Zn.
- Riverside Resources Inc., presented exploration results from its Glor project in Sonora. This exploration program, funded by its partner Centerra Gold, consisted on geological mapping, stream sediment & soil geochemistry surveys along with the interpretation of aeromagnetics data and identified a 3.5km long structural corridor of “highly deformed rocks showing patchy hydrothermal mineralization and scattered occurrences of gold and base metal mineralization”. This shear zone displays quartz-sericite-carbonate hydrothermal alteration and has been interpreted as a target with potential to contain orogenic type gold mineralization.
- Goldplay Exploration Ltd., commenced a phase first drilling program on its Habal project in Sinaloa, which will consists of 1,500m in six holes. The aim is to drill-test a 600m long mineralized corridor open along strike and down dip within a highly prospective 6 km long mineralized corridor. The drill program will test shallow low resistivity anomalies identified by a CSMAT survey with evidences of intense hydrothermal alteration in andesites and rhyolites known to contain Au mineralized quartz stockwork zones.
- Discovery Metals Corp., reported high-grade results from a Significant results are 2.2m of 624 g/t Ag, 2.5% Pb, 6.1% Zn and 0.4% Cu, including 0.7m of 1, 860 g/t Ag, 5.7% Pb, 7.6% Pb, and 1% Cu; 2.0m of 268 g/t Ag, 9.8% Pb, 17.5% Zn, and 0.2% Cu, including 0.9m of 529 g/t Ag, 18.2% Pb, 19.6% Zn, and 0.5% Cu; and 8m of 179 g/t Ag, 12.6% Pb, 18.3% Zn, and 0.1% Cu, including 0.7m of 148 g/t Ag, 2.6% Pb, 27.9% Zn, and 0.1% Cu.
- Canasil Resources Inc., started a drilling program at its La Esperanza project in Zacatecas-Durango. “The drill program is planned to follow up on the positive drill results from the 2016-17 drill program on the La Esperanza vein, located in the southeast of the project area”.
ON MINING
- Santacruz Silver Mining Ltd., reported Q1 2018 results for its Veta Grande and the Rosario projects in Zacatecas and San Luis Potosi respectively. At Veta Grande, the company milled 35K tonnes at a grade of 62 g/t Ag 32.4K Oz Ag. A the Rosario, Santacruz milled 13K tonnes at a grade of 42 g/t Ag to produce 15.7K Oz Ag.
- Telson Mining Corp., started commercial production at its Campo Morado mine in Guerrero. The company milled 112.5K tonnes during the past 60 operational days at an average daily rate of 1,875 tonnes per day, with average Zn recoveries of 73%.
ON FINANCING
- Minaurum Gold Inc., closed a second tranche of a private placement for $1 M. Total proceeds will be used for its ongoing exploration program at Alamos, Sonora.
- Prospero Silver Corp., closed a private placement for $517K.
ON RESOURCES AND DEVELOPMENT
- Sierra Metals Inc., update mineral reserve and resource estimate at its Bolivar mine in Chihuahua. Total proven + probable reserves are 7.9M tonnes of 0.25 g/t Au, 19 g/t Ag, and 0.86% Cu for a total of 63K Oz Au, 4.8M Oz Ag, and 152 M Lb Cu. Total indicated resources are 13.3 M tonnes of 0.29 g/t Au, 22 g/t Ag, and 1.04% Cu for a total of 124K Oz Au, 9.6M Oz Ag, and 308M Lb Cu, while inferred resources are 8M tonnes of 0.42 g/t Au, 22 g/t Ag and 0.96% Cu for a total of 109K Oz Au, 5.8M Oz Ag, and 172M Lb Cu (Mineral resources are reported inclusive of ore reserves).
- Mc Ewen Mining Inc., announced a new preliminary assessment for its El Gallo Complex in Sinaloa, and extends its life for 10 years more in Mexico. Updated measured and indicated resource are 13 M tonnes of 0.39 g/t Au and 77 g/t Ag for a total of 161K Oz Au and 32.2 M Oz Ag. Total inferred resources are 7M tonnes of 0.81 g/t Au and 27 g/t Ag for 140K Oz Au and 5M Oz Ag. The key outcome include an average annual production rate of 47K Oz AuEq, low initial capital cost, mine pay-back of 4 years, and after-tax IRR of 25% at current Au and Ag prices.
ON DEALS AND CORPORATE ISSUES
- Alio Gold Inc., announced voting results from its annual general meeting and approved the acquisition of Rye Patch Gold Corp.
- Almadex Minerals Limited., changed its name to Azucar Minerals Ltd.
- Leagold Mining Corporation, received Mexican anti-trust approval to acquire Brio Gold.
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 above, a rhythmic banded quartz + barite vein with abundant manganese oxides in a prospect in Chihuahua, Mexico. Photo by Miguel A Heredia.
LEAGOLD REPORTS MEXICAN ANTI-TRUST APPROVAL FOR ACQUISITION OF BRIO GOLD
Vancouver, May 16, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) is pleased to announce the receipt of the clearance decision from the Comisión Federal de Competencia Económica (“COFECE”) with respect to Leagold’s acquisition of Brio Gold Inc. (“Brio”). COFECE approval was the final government agency approval required before completing the acquisition, which is anticipated to occur on or around May 24, 2018.