Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX/ OTCQB:
MEXGF / FRA: 4QW1) is pleased to announce initial sampling results for four high-grade gold bearing veins at its Pueblo Nuevo concession. The sampling was carried out at the historical Timiahua I, Tamiahua II, Dos Rios and El Cajon mines. Sampling results at the Tamiahua I reported 90.82 g/t gold and 37.2 g/t silver over 0.42 metres contained within 2.2 metres grading 17.01 g/t gold and 7.61 g/t silver. A grab sample of quartz vein material at the El Cajon mine yielded 32.2 g/t gold and 231.0 g/t silver.

SilverCrest Delineates 10th High-Grade Vein at Las Chispas; Multiple High-Grades Intercepted

SilverCrest Metals_170418

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).

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).


  • 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.


  • 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.


  • 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.


  • 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).


  • 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.


  • 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 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.



Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce initial results from its current drill program on its La Cigarra silver project in Chihuahua, Mexico has successfully extended silver mineralization for 1000 meters to the northwest beyond the current 2.4-kilometer-long NI- 43-101 Resource envelope, along what is known as the La Borracha Zone. A total of seven broadly spaced holes were drilled across the La Borracha Zone with all seven holes hitting the mineralized structure, with the two highest grading holes being the two holes furthest from the resource. Six of the seven holes are reported herein with the seventh awaiting assay results.



Vancouver, BC, April 11, 2018 – One World Lithium Inc. (CSE-OWLI) (“OWL”) (the “Company”) announces that fieldwork at Salar del Diablo Property (the “Property”) was recently completed with the work being done from January, 2018 to the end of March, 2018. The programs included area wide geochemical sampling and a time domain electromagnetic survey, which encompassed 79.5 line kilometers. The geophysical program was completed on March 29, 2018 and those results will be
released on receipt. The Company intends to complete a gravity survey in the near future and plans to drill test anomalous targets during May, 2018.



COLORADO SPRINGS – April 9, 2018 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the northwest expansion of the Arista Mine’s Arista vein system with twelve additional step-out and infill drill holes. Intercepts include 2.00 meters of 6.68 grams per tonne (g/t) gold and 864 g/t silver; 2.08 meters of 1.98 g/t gold and 1,583 g/t silver; and 1.55 meters of 9.36 g/t gold and 75 g/t silver. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Advance Gold Recovers High-Grade Silver from Underground Sampling And Starts Drilling At Tabasquena Silver Mine In Ojocaliente, Mexico


Advance Gold Corp. is pleased to announce promising underground sampling results from its Tabasquena Silver Mine, in Ojocaliente, Mexico. Follow up drilling is now underway, with a first phase, which will be 500 metres of core drilling on two holes of 250 metres each. The goal of the drilling will be to get approximately 100 metres below the oxide zone, of the main Tabasquena vein and into the La Nina vein beside it, well into the sulphide zone of these two epithermal veins.

Mexican Gold Cuts High-Grade Intercepts at Las Minas


Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V: MEX / OTCQB: MEXGF / FRA: 4QW1) is pleased to announce the first batch of results from its 2018 Phase 1 resource expansion drill program, including multiple high-grade intercepts. The drilling program comprised both step-out and infill drilling, concentrating on little-known mineralized indications on the periphery of the current resource envelope at the Las Minas property. These initial results are for drilling carried out at the El Dorado/Juan Bran, Santa Cruz and Nopaltepec zones. The 3,000 metre drill program is continuing, focused on resource expansion of the known zones and selective upgrading of the resource category.

SilverCrest Continues to Expand High-Grade Footprint for Babicanora Vein; 4.0 Metres at 22.83 gpt Au and 1,718.8 gpt Ag, or 3,431 gpt AgEq


Vancouver, British Columbia- (Newsfile Corp. – April 10, 2018) – SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) (“SilverCrest” or the “Company”) is pleased to announce its first set of Phase III drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. Step out drilling of the Babicanora Vein, including Area 51, continues to intersect highgrade mineralization (see attached Figures). There are now 23 identified epithermal veins on the Property (previously reported as 19 veins). Of the 23 veins, the Company has only drilled tested nine of these veins, which are the Babicanora, Babicanora Footwall, Las Chispas, Giovanni, La Blanquita, William Tell, Varela, Granaditas and Amethyst veins. Only five of these nine drilled tested veins have been included in the recently announced maiden resources (refer to the Company’s news release dated February 26, 2018).

Highlights on the First Week of April, 2018. Mining and Exploration News in Mexico

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On the picture above, pervasive kaolinization of volcanic rocks in the vadose zone of an epithermal system in Guanajuato. Geologist Miguel Heredia for scale.

By Jorge Cirett

During the 14th week of the year (April 1st to April 8th, 2018), at least 12 press releases were announced by companies working in Mexico, of which three had information on exploration, one in mining, one in financing, five on resources and development and two in corporate issues. ON MEXICO ISSUES, No relevant news. ON EXPLORATION, In Sonora, Riverside informed on exploration of its Ariel copper project. In Sinaloa, Goldplay completed a geophysical survey at El Habal. In Durango, Southern Silver announced its exploration program for 2018 at Cerro Las Minitas. ON MINING, Torex Gold announced all access to its projects in Guerrero has been restored.  ON FINANCING, Palamina granted options to officers, directors and consultants.  ON RESOURCES AND DEVELOPMENT, Alio Gold released drill results on two more holes on its Ana Paula project in Guerrero. Telson Resources disclosed PEA figures for its Campo Morado project in Guerrero. Evrim announced a maiden resource on its Ermitaño project in Sonora. Americas Silver released drill results from the 120 zone of its Cosalá project in Sinaloa. Bacanora Lithium announced that a recent feasibility study demonstrated good economics for its Sonora project.  ON DEALS AND CORPORATE ISSUES, Evrim announced First Majestic commenced arbitration proceedings on its Ermitaño project in Sonora. Bacanora Lithium announced the termination of a “placing letter” with NextView New Energy Bull HongKong Limited, regarding funding for its Sonora lithium project.


  • No Relevant News.


  • Goldplay Exploration Ltd. completed a ground CSMAT (Controlled source audio frequency magnetotellurics) and magnetics survey at its El Habal property in Sinaloa, delineating 15 new drill targets. Goldplay completed a 27-line survey consisting of 100 m line spacing and 409 total stations over the 1.5 km of mineralized known length at El Habal. “Results confirm anomalous zones previously identified by historical drilling results and nearby shallow historical underground workings”. Several resistive geophysical anomalies were identified that correlate with anomalous surface trenching results and structural trends mapped previously.
  • Riverside Resources Inc. identified through mapping altered porphyritic intrusive rocks in the western part of its Ariel porphyry copper project in Sonora. The hydrothermal alteration measures 2.8 km in length by up to 1.9 km in width.
  • Southern Silver Exploration Corp. announced that a 2018 budget totaling US$3 M has been approved by the joint venture partners for exploration work at the Cerro Las Minitas project in Durango. “The program comprises 13,000 metres of drilling in two phases which will target both the systematic resource expansion in the Area of the Cerro containing the existing Mineral Resource Estimate and continued surface sampling and reverse circulation drilling on new discoveries in the recently staked CLM West claim group.”


  • Torex Gold Resources. Reported that negotiations between community leaders have resulted in an end to the illegal blockades of the El Limon-Guajes mine complex, supporting infrastructure and the Media Luna project in Guerrero. “The official government-regulated process for selecting between the two competing unions, continues. Since midMarch, there have been two public hearings at the Federal Labour Board, regarding the timing of a union selection vote. It is Torex’s understanding that the public hearing stage of the process is now complete, and that the next stage is a decision as to when and where the vote will occur. As Torex has said since the beginning, the Company will work with whichever union the workers democratically select.” Cash reserves at the end of Q1 were US$124 million, including US$14 million set aside for reclamation obligations. Also during Q1 a US$9.3 million principal repayment was made to reduce the term loan under the debt facility to US$290.7 million.


  • Palamina Corp. granted 950 K stock options to certain officers, directors and consultants of the company under its stock options plan. The options granted at $0.39 per common share expire in five years for officers and directors and in three years for consultants (Santuario, Hidalgo).


  • Alio Gold Inc. released drill results for the last two holes at its Ana Paula project in Guerrero. The 3,800 m program targets the complex breccia extension below the proposed open pit. On the first hole a hydrothermal breccia south of the proposed pit returned 0.94 g/t Au over 44.2 m, while the complex breccia below assayed 1.91 g/t Au over 40.90 m. The second hole returned 0.90 g/t Au over 32.4 m on the hydrothermal breccia south of the proposed pit and 2.03 g/t Au over 48.2 m on the complex breccia below. The fourth and fifth holes of the program have been completed and the last hole is in progress.
  • Telson Mining Corp. informed a positive result of a 43-101 compliant independent preliminary economic assessment (PEA) on its Campo Morado project in Guerrero. The current resource contains five mineral volcanogenic massive sulfide zones (G9, El Largo, Naranjo, Reforma and El Rey) containing zinc, copper, silver, gold and lead. The 2017 mineral resource estimate using a 5.5% ZnEq cut-off holds 16.6 M tonnes @ 1.70 g/t Au, 123 g/t Ag, 0.80% Cu, 0.93% Pb, 4.01% Zn (or 8.68% ZnEq) as measured and indicated resources, and 988 K tonnes @ 1.32 g/t Au, 116 g/t Ag, 0.64% Cu, 0.92% Pb, 3.20% Zn (or 7.27% ZnEq)as inferred resources.
  • Evrim Resources Corp. announced a maiden resource was disclosed by its partner First Majestic Silver Corp. on its Ermitaño project in Sonora. The inferred resource was calculated on the Ermitaño West vein, holding 3.36 M tonnes @ 3.99 g/t Au, 68 g/t Ag (or 377 g/t AgEq), containing 432 K Oz Au, 7.38 M Oz Ag.
  • Americas Silver Corp. released results of step-out holes on its Cosalá operations in Sinaloa. Highlighted true width (TW) intervals comprise 4.94 m @ 33 g/t Ag, 7.2 g/t Au, 0.13% Cu; 41.68 m @ 148 g/t Ag, 0.25 g/t Au, 0.32% Cu; 26.24 m @ 181 g/t Ag, 0.11 g/t Au, 0.51% Cu; 12.32 m @ 84 g/t Ag, 0.17 g/t Au, 0.23% Cu. “The zone 120 deposit is characterized by steeply dipping parallel lenses of Ag-Cu-Au skarn mineralization developed in volcanically derived calcareous sediments adjacent to intermediate intrusive dykes and sills. Skarn mineralization is characterized by disseminated chalcopyrite and tetrahedrite….. Mineralization at area 120 has been found over an area greater than 500 meters in length, 300 meters in width and down to a depth of 550 meters. Individual lenses have widths of up to 60 meters.”
  • Bacanora Lithium plc. Informed a recently completed feasibility study (FS) demonstrated economics of US$1.25 billion NPV; 26.1% IRR; and life of mine gross operating costs of US$3,910/t Li2CO3 comparable to those of the low cost brine producers of South America. Design of both the roaster/kiln FEED and the crystalliser/evaporation/IX FEED has commenced. “The current FEED schedule is to have designs, cost estimates and process guarantee scopes completed in Q2 2018 with orders for long lead items being placed at the end of the FEED process. The current ­time table is based on commissioning and lithium carbonate production commencing in Q1 2020” Currently advance is being made on water licenses, natural gas supplies and land surface access.


  • Evrim Resources Corp. announced “that First Majestic has initiated arbitration proceedings in connection with its purported exercise of the option pursuant to which First Majestic can earn a 100% interest in the Ermitaño property, subject to the retention by Evrim of a 2% net smelter return royalty interest. It is expected that the arbitration will deal with the requirements under the option agreement for First Majestic to exercise the option and not the relative interests of the parties in the Ermitaño property.” (Ermitaño, Sonora).
  • Bacanora Lithium plc. “As previously announced, the Company entered into a binding placing letter (the “Placing Letter”) with NextView New Energy Bull HongKong Limited (“NextView”) in December 2017 and as announced on 28 February 2018, although the Company had fulfilled all of its obligations in respect of the Placing as of that ­me, NextView failed to forward the Placing proceeds to the Company, leaving it in default under the terms of the Placing Letter. In spite of repeated efforts on the part of the Company requesting that NextView remedy its continuing default, NextView has continued to fail to complete the Placing as contemplated under the Placing Letter. Accordingly, the Company has terminated the Placing Letter and has reserved its rights to pursue any available legal remedies against NextView.”

Content like what you have just read can be seen at and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture below, pervasive kaolinization of volcanic rocks in the vadose zone of an epithermal system in Guanajuato. Geologist Miguel Heredia as scale.

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