Alio Gold Receives C$3.5 Million From Warrant Exercise And Buys Back 1% Ana Paula Royalty

http://aliogold.com/investors/news-releases/index.php?content_id=371

October 19, 2017, Vancouver, BC – Alio Gold Inc (TSX, NYSE MKT: ALO) (“Alio Gold” or the “Company”), is pleased to announce that Goldcorp Inc. (TSX: G, NYSE: GG) has exercised its warrants that expire on October 19, 2017 for total proceeds to the Company of C$3.5 million. The Company has also exercised a buy-back right from Goldcorp of a 1% net smelter royalty (“NSR”) on its Ana Paula project located in Guerrero, Mexico for US$2.9 million.

“As we continue to advance the high grade, high margin Ana Paula project, the buy back of the 1% NSR is immediately accretive to the project and will deliver significant value to our shareholders over the long term,” said Greg McCunn, Chief Executive Officer. “We are advancing the Definitive Feasibility Study for the Project towards completion in Q2 2018 when we expect to make an investment decision to start construction. In parallel, we have initiated an exciting US$18 million exploration program at Ana Paula to investigate the extension of high-grade mineralization below the proposed open pit. Positive exploration results are expected to enhance already robust project economics, and it therefore made sense for us to exercise our buy-back right on the 1% NSR now. We would like to thank Goldcorp for their continued support of the Company through the exercise of the warrants.”

RESOURCE DRILL-OUT STARTS AT OPOSURA

http://azureminerals.com.au/wp-content/uploads/2017/10/1727991.pdf

Two rigs currently drilling on 120 hole, 7,000m resource drill-out of Oposura
zinc-lead-silver deposit
• Additional exploration drilling will test for extensions and repetitions
• Mineral resource estimate aimed for early 2018
• Six rigs now operating across three projects, delivering continual news flow
over coming months Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to advise that two diamond core rigs are drilling on its 100%-owned Oposura zinc-lead-silver project, located in the northern Mexican state of Sonora.
Azure’s first drilling program at its flagship project is designed to enable the Company to complete a Mineral Resource estimate by the end of March 2018.
Commenting on the drilling, Azure Managing Director, Mr Tony Rovira, said, “This is a very exciting time for Azure. With drilling underway at Oposura, the Company now has six rigs turning on three different projects, delivering a continual news flow over the next few months.
“Programs range from first-pass drilling on the exciting Sara Alicia gold-cobalt prospect to the resource drill-out program at Oposura, as well as deep exploration drilling being undertaken at Alacrán by our partner Teck Resources.”

SilverCrest Expands Babicanora High-Grade Footprint to 600 metres; New High-Grade Vein Discoveries Highlight District Scale Potential

http://www.silvercrestmetals.com/news/index.php?content_id=328

VANCOUVER, BC – October 19, 2017 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional Phase II drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. Step-out drilling targeting extensions of the Babicanora Vein continues to intersect high-grade mineralization. With the latest results, SilverCrest has drill-tested the Babicanora Vein over a 600 metre strike length (previously 500 metres), with a near-surface mineralized height of 150 to 175 metres. In addition, drilling has intersected high-grades in two veins named Granaditas and Amatista (Amethyst) at the Babicanora area.

VVC Exploration Corp.— Launching Copper Production in Mexico’s Chihuahua State

https://investingnews.com/company-profiles/copper-production-mexico-vvc-exploration/

VVC Exploration Corp (TSXV:VVC) is a resource company currently working to bring its flagship Samalayuca copper property in Chihuahua, Mexico to production. The NI 43-101 for the property was completed by Dr. Michel Boliy in 2013 represents an Inferred Mineral resource of 4.1 million tons of copper ore grading 0.47% copper and 5.8 g/t silver. This resource estimate was based on fresh rock samples from existing pits and from core drilling done by Phelps Dodge on the property and covers less than 10% of the mineralized zone.

The Samalayuca copper project, is a 4,055-acre property situated in the northern part of Mexico’s Chihuahua state and 60 kilometers southwest of El Paso, Texas. A producing property up to its closure in 1970, the project is copper-bearing, sits in a region nearly devoid of vegetation and VVC is now looking to bring it back up to production as soon as 2018. The project is also supported by infrastructure including an access road, an available mining workforce.

Soil Geochemistry Identifies High Priority Gold-Silver Drill Target With Strike Length Of Over 1.8 KM at Cerro Cascaron Project

http://www.harvestgoldcorp.com/News-Release/News-Release-Details/2017/Soil-Geochemistry-Identifies-High-Priority-Gold-Silver-Drill-Target-With-Strike-Length-Of-Over-18-KM-at-Cerro-Cascaron-Project/default.aspx

Vancouver, British Columbia / TheNewswire / October 18, 2017 – Harvest Gold Corporation (TSX.V:HVG) (“Harvest Gold” or the “Company”) and Evrim Resources Corp. (“Evrim”) (TSX.V:EVM) are pleased to announce soil sampling results from its Phase 1 exploration program at the high-grade Cerro Cascaron gold-silver project in Mexico.

The extensive soil sampling program covered an area of 4.5 kilometres by 1.6 kilometres north of the main gold vein field. Results have extended known veins, identified two new corridors and have highlighted a 1.4 kilometre-long, very strong gold-silver trend to the north of the highly prospective Serpiente Dorada vein. Highly anomalous soil samples, including one that assayed 1.38 grams per tonne (“g/t”) gold were also collected in the corridor where Serpiente Dorada intersects a newly identified, 1.8 kilometre long gold rich corridor (the “new vein corridor target”).

McEwen Mining Reports Q3 2017 Production Results

http://www.mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2017/McEwen-Mining-Reports-Q3-2017-Production-Results/default.aspx

TORONTO, Oct. 18, 2017 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports consolidated production for Q3 2017 of 19,051 gold ounces and 749,749 silver ounces, or 29,047 gold equivalent ounces(1), using a 75:1 gold to silver ratio.

Consolidated Production Summary
Q3 ‘17 Q2 ‘17 Q1 ‘17 Q4 ‘16 Q3 ‘16
Gold ounces 19,051 22,191 20,096 20,337 24,281
Silver ounces  749,749  779,487  722,767  838,768  916,168
Gold Eq. ounces      29,047 32,584 29,733 31,521 36,496

First Gold in Carbon Shipped from the Santana heap-leach gold project

http://www.corexgold.com/s/NewsReleases.asp?ReportID=805476

Vancouver, BC — October 18, 2017, Corex Gold Corp. (TSXV: CGE) (“Corex” or the “Company”), is pleased to report that it has shipped the first gold-in-carbon concentrate from its 100%-owned Santana heap-leach gold project in Sonora, Mexico.

During 2017, Corex has been conducting continuous bulk testing heap-leach activities at its 100%-owned Santana property. The leaching to date has been conducted on coarser crushed material that in the next anticipated program will see equivalent leach tests performed on finer crushed material to determine the relationship of crush size and recovery for the project as its development is advanced. A crusher to generate finer sized mineralized material for leaching is now at the project site and Corex anticipates commencing this next step of crushing heap-leach test work next month to determine that optimum crushing size.

Riverside Resources Advances Property Portfolio and Provides Progress Update on Self-Funded Projects

http://www.rivres.com/index.php/news/2017-news/336-riverside-resources-advances-property-portfolio-and-provides-progress-update-on-self-funded-projects

October 18, 2017 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI), is pleased to provide an update on Riverside-owned projects and upcoming growth plans during the final months of 2017. Riverside enters the fall season with C$4,000,000 in cash and less than 45,000,000 shares outstanding. The Company continues to advance its project portfolio through a combination of self-funded and partner-funded exploration programs, with a catalyst-rich six months ahead. Riverside will be providing a subsequent update on partner-funded exploration results and go-forward plans, including drilling in the near future. The summary below outlines some of the key developments and status updates for the projects Riverside geologists have been working on during the last quarter.

Oceanus Announces Appointment of Vice President, Investor Relations and Provides El Tigre Exploration Update

http://www.kitco.com/pr/2781/article_10182017102428.pdf

HALIFAX, NOVA SCOTIA – October 18, 2017 – Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF) (“Oceanus” or the “Company”) is pleased to announce the appointment of Ms. Tania Shaw to the position of Vice President, Investor Relations.
Ms. Shaw has held positions in Investor Relations of increasing responsibility in the mining sector for over twelve years. These include positions with Detour Gold Corporation, Primero Mining Corp. and most recently Roxgold Inc. She is a standing member of the Canadian Investor Relations Institute and obtained her Certified Professional Investor Relations (“CPIR”) designation in 2013.
“We are delighted to welcome Tania to the Oceanus team at this important early stage of the Company,” stated Glenn Jessome, President and CEO. “Having Tania on board will allow us to expand our reach to shareholders and the analyst community as we educate the market on the El Tigre property, with the ultimate goal of increasing shareholder value.”

Torex Starts In-Fill Drilling at Media Luna

https://www.torexgold.com/news/torex-starts-in-fill-drilling-at-media-luna

TORONTO, Ontario, October 17, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce the initiation of its in-fill drilling program at its Media Luna development project in Southwest Mexico. The purpose of this program is to upgrade, to the Indicated confidence level, 25% of the current inferred Media Luna resource of 7.4 million Au Eq. ounces (51.5Mt @ 4.48g/t Au Eq.). The program plan contains 175 holes, averaging 600 meters in depth, for a total of 105,000 meters of drilling. The budgeted cost for the program is US$15M, and the 175 holes are scheduled for completion by the end of 2018. Subsequent to the completion of the program, a Measured and Indicated resource estimate will be prepared, and this will form the basis for a Media Luna feasibility study, which is scheduled for completion in the second half of 2019.

Fred Stanford, President & CEO of Torex stated: “The start of this in-fill drilling program is a big step in advancing the development of the Media Luna deposit. That development process will be aided by the increased geological understanding and confidence that comes from the drilling program. It will also be potentially enhanced by the optimization of the Media Luna production and service processes, that have been developed by internal teams, while we waited for the financial flexibility to proceed with in-fill drilling. An updated preliminary economic assessment (“PEA”), scheduled for late in Q1, 2018, is expected to illustrate the commercial advantages of the proposed optimized processes. Internal and external study teams are also focusing on design elements that are expected to expedite the permitting process. Pending success of future technical studies, the potential timeline contemplates beginning construction of the Media Luna mine in early 2020, is expected to be financed from internal cash flow, and gold production is expected to begin in early 2022.”