Mexico’s Best Drilling Intercepts, Third Week of May 2023

Two companies reported drilling results from two different projects/targets each during the week. Alamos Gold released assays from drilling at Puerto del Aire and Capulin, targets within the large land package of its Mulatos property, in Sonora. Puerto del Aire “is a higher-grade underground deposit located adjacent to the main Mulatos pit”, comprising the PDA, Gap, Victor, and Estrella zones. Reserves of 728 K Oz Au grading 4.84 gpt have been defined in Puerto del Aire. The Capulin area is two Km from the San Carlos pit, and has seen limited historical exploration. The recent intercept of oxide and sulfide mineralization is in a breccia unit of the Capulin Fault Zone. Mulatos is one of the largest examples of high sulfidation gold mineralization in Mexico.

Guanajuato Silver drilling results from San Ignacio, in Guanajuato, are part of a program focusing in extending mineralization on the Melladito and Purisima veins. The veins in San Ignacio form part of a low sulfidation epithermal system. At Topia, in Durango, recent drilling has been focused on the Prieta, Dos Amigos, Rosario and U.D. Pueblo veins. Mineralization in the district known for its narrow metal-rich veins is of intermediate sulfidation epithermal affinity.

VIZSLA SILVER ANNOUNCES INCENTIVE PLAN REWARDS

VANCOUVER, BC, May 19, 2023 /CNW/ – Vizsla Silver Corp. (NYSE: VZLA) (TSXV: VZLA) (Frankfurt: 0G3) (“Vizsla Silver” or the “Company”) announces that, pursuant to the Company’s Omnibus Equity Incentive Compensation Plan, it has granted 3,850,000 stock options (“Options”) at an exercise price of $1.60 to directors, officers, employees and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next two years.

Vortex Metals Initiates Comprehensive Environmental and Surface Geological Studies at Zaachila Copper Project in Mexico

VANCOUVER, BC, May 18, 2023 /CNW/ – Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTC: VMSSF) (“Vortex” or the “Company”) is pleased to announce the initiation of its comprehensive environmental and surface geological studies at its Zaachila Copper project. The commencement of this work marks a significant milestone in the project’s advancement.

Fabled Silver Gold Corp Provides Update on Proposed Acquisition of Mecatona Property and Announces Private Placement

Vancouver, British Columbia, May 18, 2023 – Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV: FCO; OTC PINK: FBSGF, and FSE: 7NQ) wishes to provide an update on its previously announced agreement with Kootenay Silver Inc. to acquire the Mecatona Property(the “Mecatona Property”) located in Chihuahua, Mexico (the “Proposed Transaction”) as announced and further described in the Company’s press release dated February 21, 2023.

Colibri Defines a Strong Soil Anomaly AlongStrike of the Main Zone at Evelyn Property

Dieppe, New Brunswick–(Newsfile Corp. – May 18, 2023) – Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) (“Colibri” or the “Company”) is very pleased to report the occurrence of a Soil Gas Hydrocarbon (“SGH”) gold anomaly located south of the Main Zone on the Company’s Evelyn-Plomo (“EP”) Project located in the Caborca Gold Belt, Sonora, Mexico.

GoGold Announces NPV of US$413M for Los Ricos North Initial PEA

HALIFAX, NS, May 17, 2023 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) is pleased to release the results of its initial Preliminary Economic Assessment (“PEA”) at its Los Ricos North Project located in Jalisco State, Mexico. This is the Company’s second PEA completed within the Los Ricos District, in addition to the Los Ricos South PEA completed in January 2021, with an updated Mineral Resource Estimate (“MRE”) and PEA for Los Ricos South expected to follow this summer.

Tocvan Ventures Announces Bulk Sample Material Averaging Grades of 1.9 g/t Gold and 13 g/t Silver

CALGARY, AB / ACCESSWIRE / May 16, 2023 / Tocvan Ventures Corp. (the “Company“) (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to provide an update and sampling results from a Bulk Sample being completed at its Pilar gold-silver project in Sonora, Mexico. Sampling of duplicate material collected at regular intervals during crushing/screening process from the Bulk Sample have returned consistent gold and silver values. In total, 148 samples were collected averaging 1.87 g/t Au and 13 g/t Ag (see Table 1 for full results). The first batch of 32 samples (111 samples pending) were collected from the fine fraction of screened material not included in the heap leach pile, are showing slightly higher grades of gold and silver, averaging 2.02 g/t Au and 15.6 g/t Ag (see Table 2 for full results). The fine fraction along with additional bulk sample material will be used in testing gravity recovery methods. Samples were submitted to ALS Hermosillo for fire assay and ICP analysis. Blanks and standards were submitted into the sample stream as part of the Company’s robust QA/QC protocol The samples total 910.7 kg of crush reject material from the Bulk Sample collected for heap leach testing. The heap leach process is currently underway for the Bulk Sample. Over 800 tonnes of Bulk Sample material have been prepared for heap leach processing, an additional 350 tonnes of crushed material and 250 tonnes of raw-bulk sample are available for gravity recovery and later agitated leach testing as recommended by an independent report provided by LTM.