BACANORA ANNOUNCES MANAGEMENT CHANGE

Bacanora12042017

Calgary, Alberta (FSCwire)BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium exploration and development company, announces that Martin Vidal, President and a Director of the Company, has resigned the foregoing positions, effective November 30, 2017.  Mr. Vidal will remain with the Company in an advisory / consultancy capacity going forward.

Alix Announces Increase in Additional Financing

 

November 27, 2017, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or “the Company“) (AIX – TSX:V)(37N – Frankfurt) announces that further to the Company’s news release disseminated earlier today, November 27, 2017, that it is increasing the additional non-brokered private placement from up to 3,000,000 units at $0.15 per unit, to up to 5,000,000 units at $0.15 per unit for amended gross proceeds of up to $750,000.

All other terms of the additional financing remain the same.  Completion of the private placement is subject to the Company receiving prior TSXV approval.

This new private placement financing will be in addition to the previously announced private placement of units (see the Company’s news release dated November 8, 2017).

The Company may, in its sole discretion, pay finders’ fees to agents of the Company.

The proceeds raised will be used for general corporate purposes and for advancing the Company’s 100% owned Jackpot lithium project, located in the Georgia Lake area within the Thunder Bay Mining Division, Ontario.

About Alix

Alix is a junior mining exploration company focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit its mandate.

ON BEHALF OF THE BOARD
Michael England
Michael England, President, CEO, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Highlights on the Fourth Week of November, 2017. Mineral Exploration in Mexico

During the 47th week of the year (November 20th to November 26th, 2017), at least 32 press releases were announced by companies working in Mexico. ON MEXICO ISSUES: No relevant news. ON EXPLORATION: six companies informed on exploration efforts during the week: In Sonora Azure Minerals reported favorable metallurgical results from its Oposura project. In Chihuahua Monarca is to acquire the San Jose project; Mammoth Resources mobilized equipment to drill its Tenoriba property. In Sinaloa Starcore is to acquire the Santa Fe project, with an historical Au-Ag resource. Silver Bull released drill results from the sulfide zone at Sierra Mojada; Prize Mining is to acquire the Manto Negro stratabound copper project. Evrim Resources announced the acquisition of the Cuale high sulfidation property. In Veracruz Mexican Gold announced step-out drilling mineralization intercepts at Las Minas. ON MINING: Impact Silver presented its quarterly report. Marlin Gold informed on the mining program at La Trinidad in Sinaloa.  In Zacatecas, operations recommenced at the Santacruz Silver’s Veta Grande mill after the PROFEPA suspension. MX Gold informed on advance at the Magistral tailings project in Durango. Americas Silver informed the San Rafael mine is sourcing all ore treated in Cosalá. ON FINANCING: Telson Resources received $1 M from the exercise of warrants. Aztec Minerals is now trading on the USA. Primero Mining obtained an extension on its revolving credit facility. ON RESOURCES AND DEVELOPMENT: Leagold Mining reported more high-grade results from drilling at Bermejal Underground on its Los Filos property in Guerrero. Stroud Resources announced an updated resource estimate for its Santo Domingo Hostotipaquillo deposit in Jalisco. Almaden Resources released more drill results from the Ixtaca deposit in Puebla.  ON DEALS AND CORPORATE ISSUES: Soleil Capital and Goldplay Exploration are to amalgamate to create a precious metals exploration company focused in Mexico. Monarca Minerals signed a LOI to acquire the San Jose property in Chihuahua. Starcore entered into a LOI to acquire the Santa Fe property in Sinaloa. Camrova Minerals (Baja Mining) has seen its interest on El Boleo property (in Baja California) reduced to 7.3%. Bacanora Minerals is involved in a lawsuit over a 3% royalty on its Sonora lithium project. Golden Goliath has received the fifth payment on the option of its Uruachic properties. Prize mining is to acquire the Manto Negro project in Coahuila from Scion Mines.

ON MEXICO ISSUES

  • No Relevant News.

ON EXPLORATION

  • Azure Minerals Ltd. reported metallurgical results from its Oposura project in Sonora. The test returned over 70% and 80% recoveries respectively for Pb and Zn, producing a lead concentrate (>55% Pb, 360 g/t Ag) and a zinc concentrate (>55% Zn) with low levels of deleterious elements. More metallurgical studies will be undertaken on core material from the present drill campaign.
  • Monarca Minerals Inc. entered into a letter of intent (LOI) to acquire the San Jose property in Chihuahua. The 5,580 hectares project shows disseminations, stockwork and veins of skarn, gossan and altered intrusive rocks, with assays of up to 26.8 g/t Au, 161 g/t Ag, 6.5% Pb, 0.9% Zn, 4.2% Cu.
  • Starcore International Mines Ltd. entered into a letter of intent (LOI) with Eduardo de la Peña Gaitan and other owners, to acquire the 21,000 hectare Santa Fe project in Sinaloa. Previous exploration included 13,000 m of drilling in 2013, establishing an historical (Non 43-101 compliant) open pit resource of 285 K AuEq Oz in 5 M tonnes @ 89 g/t Ag, 0.56 g/t Au; or an underground resource of 225 K AuEq Oz in 1.28 M tonnes @ 266 g/t Ag, 1.83 g/t Au.
  • Mammoth Resources Corp. has mobilized a drill rig and a bulldozer to its Tenoriba property in Chihuahua. The company is to begin a 3,000 m drill program in 8 to 24 holes to test gold-silver targets on a 5 km strike length within a 15 square Km area of ubiquitous high sulfidation gold mineralization. The company announced the release of a technical report on the drill selection criteria.
  • Silver Bull Resources Inc. released results from four drill holes testing the sulfide zone below the previously defined oxide zone on its Sierra Mojada project in Coahuila. Highlighted results comprise 9 m @ 20.7% Zn, 1.0% Pb, 98 g/t Ag, 0.26% Cu, including 3.65 m @ 47.8% Zn, 2.5% Pb, 105 g/t Ag, 0.26% Cu; 3 m @ 537 g/t Ag, 3.9% Zn, 1.1% Cu, including 1 m @ 1,280 g/t Ag, 14.8% Zn, 2.3% Cu.
  • Prize Mining Corp. entered into an agreement (see the appropriate section below) to acquire the Manto Negro copper project in Coahuila. The project consists of seven mining concession covering 17,959 hectares. “The Project is identified as a stratabound Cu-Ag (+/- Pb-Zn) oxidized “Red Bed type” copper deposit… The Project area is hosted by Cretaceous carbonates and sandstones with exposures of mineralization being identified in numerous locations occurring in concordant layers ranging from 2 to 23 metres thick that are referred to as “Mantos”. Exposures of this mineralization have been identified over the 50-kilometre length of the Project.” The grades of historical sampling, trenching and drilling range from 0.73% to 5.55% Cu, 19 to 793 g/t Ag, 1.5 to 15% Pb and 0.3 to 3.64% Zn.
  • Mexican Gold Corp. announced that drilling to expand the high-grade dike contact mineralization previously encountered at its Las Minas project in Veracruz has successfully intersected long intervals of chalcopyrite-magnetite mineralization in five additional holes. Core length intervals include: 0 m; Cumulative 48.0 m; 20.3 m; cumulative 28.0 m, 28.0 m of chalcopyrite-magnetite mineralization.
  • Evrim Resources Corp. announced the acquisition and early exploration results of the 97 square kilometer Cuale gold project in Jalisco. The Cuale project was initially staked under the Callinan Royalties generative alliance (now owned by Altius Minerals Corp.) with formal title granted to Evrim for 100% ownership in November 2017. “Mineralization is found in moderately to strongly silicified rhyolite that contains up to 10% specular hematite in boxworks, interpreted to have formed after pyrite. Zones of pervasive silicification with strong clay alteration of phenocrysts trending to vuggy silica are observed..” Seven rock chip samples collected on a 500 m by 250 m zone returned from 0.19 to 4.56 g/t Au.

ON MINING

  • Impact Silver Corp. released its financial and production third quarter 2017 report. Production at the Guadalupe mill came primarily from the San Ramon Deeps, Cuchara and San Patricio mines. Highly variable ore from the San Ramon Deeps mine contributed to the lower grade mill feed @ 175 g/t Ag. Total silver production was 229.9 K Oz. Exploration work is focused on the Alacran, Alacran North, San Ramon North and El Paso vein. The company had a $6.0 M cash position at the end of the period.
  • Marlin Gold Mining Ltd. informed that most of the mining during the year at La Trinidad, in Sinaloa, focused on expanding and deepening the north side of the Taunus pit, while waste removal continues on the southern part of the pit. Up to the end of October, 35,500 Oz Au have been shipped. Drilling commenced at the Colinas target, 1.2 km south of the pit.
  • Santacruz Silver Mining Ltd. recommenced operations at its Veta Grande mill in Zacatecas, following the authorization by PROFEPA and SEMARNAT (Environmental agencies in Mexico).
  • MX Gold Corp. informed all major tankage at the Magistral tailings project in Durango has been installed, with the grinding mill scheduled for completion in Early December 2017, and the installation of the Merrul-Crowe circuit underway.
  • Americas Silver Corp. informed production from the San Rafael mine at the company’s Cosalá operations in Sinaloa is now the sole source of mill feed. The mine is currently producing over 1,000 tonnes per day (tpd) of the targeted 1,500 tpd, with a stockpile of over 25 k tonnes from San Rafael and further 50 K tonnes of ore from Nuestra Señora.

ON FINANCING

  • Telson Resources Inc. reported that all the warrants issued as part of a private placement on November 2015 have been exercised, resulting in CAD$1 M in proceeds (Tahuehueto, Durango; Campo Morado, Guerrero).
  • Aztec Minerals Corp. has been approved to commence trading in the USA as of Nov 20th 2017, on the OTCQB under the symbol AZZTF (Cervantes, Sonora).
  • Primero Mining Corp. has agreed in principle with its lenders to an extension to its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on November 23, 2017. The facility has been extended to December 1, 2017, providing the company to continue negotiations on its strategic review process and the possible divestiture of its San Dimas mine in Durango.

ON RESOURCES AND DEVELOPMENT

  • Leagold Mining Corp. reported additional high-grade results from the Bermejal Underground drill program at the Los Filos mine in Guerrero. “Bermejal Underground is at the northern end of a large intrusive body which has a total circumference of at least 15 kilometres…” The area being drilled extends 1,600 m along the strike of the intrusive contact and has a vertical depth extent of over 800 m. The drilling shows consistent oxide mineralization at carbonate/intrusive contacts either along the intrusive contact or below the intersection between the sill and the Bermejal intrusive contact. An updated resource estimate is expected before year end.

Leagold Bermejal Underground drilling1

  • Stroud Resources Ltd. updated the resource estimate in a new technical report on its Santo Domingo Hostotipaquillo project in Jalisco. The reports confirms the presence of 6.1 M tonnes @ 0.47 g/t Au, 101 g/t Ag and 3.48 M tones @ 0.39 g/t Au which contain 91.6 K Oz Au, 19 M Oz Ag as measured and indicated resources and 43.2 K Oz Au, 10 M Oz Ag as inferred resources. La Raya vein has a mineralized zone 35 m wide over 700 m along strike and 300 m of depth; and the Guadalupe vein is typically 15 to 30 m wide. Five additional veins have been identified for further exploration.
  • Almaden Minerals Ltd. released drill results from its ongoing exploration and development program for the feasibility study (FS) of the Ixtaca deposit at its Tuligtic project in Puebla. Two holes confirmed the discovery of an ore zone within a portion of the pit considered waste in the prefeasibility study (PFS). The holes intersected 23 m @ 0.45 g/t Au; 38.6 m @ 7.92 g/t Au, 15 g/t Ag (including 1 m @ 237 g/t Au, 232 g/t Ag); 20.4 m @ 0.89 g/t Au, 12 g/t Ag (including 7.0 m @ 2.07 g/t Au, 20 g/t Ag).

ON DEALS AND CORPORATE ISSUES

  • Soleil Capital Corp. entered into an amalgamation agreement with Goldplay Exploration Ltd. on a business combination transaction. “The purpose of the Proposed Transaction is the creation of a public, TSX Venture Exchange-listed, Mexico-focused, precious metals exploration company utilizing Goldplay’s mineral exploration strategy and experience related to the Rosario District..” in Sinaloa. Upon completion of the transaction the resulting issuer will be named Goldplay Exploration Ltd. and will be listed as a Tier 2 Mining Issuer on the Exchange.
  • Monarca Minerals Inc. entered into a letter of intent (LOI) to acquire the San Jose property in Chihuahua. The 5,580 hectares project shows disseminations, stockwork and veins of skarn, gossan and altered intrusive rocks. The terms of the LOI include a US$20 K payment on execution of the LOI (paid), US$20 K on execution of the definitive agreement, US$50 K on the first anniversary, and US100 K on the second anniversary, with the owners retaining a 2% NSR, of which one percent can be purchased by Monarca for US$100 k. Back taxes on the property of US$390 K will be paid over a period of time. Concession taxes per year are approximately US$46 K.
  • Starcore International Mines Ltd. entered into a letter of intent (LOI) with Eduardo de la Peña Gaitan and other owners, to acquire the 21,000 hectare Santa Fe project in Sinaloa. Starcore has up to 120 days to conduct due diligence work, and 30 days to complete the acquisition. Starcore is to issue 5 M shares to the owners upon signing, and will be released on four installments, and pay US$6 M as follows: US$2 M on execution; US$1 M on 18 months; US$1 M on 36 months; US$1 M on 48 months; US$1 M on 60 months.
  • Camrova Resources Inc. (Baja Mining Corp.) informed that its interest in Minera y Metalurgica del Boleo S.A. P.I, de C.V. has been reduced from 10% to 7.3%. This is a result of Korea Resource Corporation funding Camrova’s pro rata ($42.9 M) on cash calls amounting $429 M. The Boleo project is to annually produce 30 K tonnes Cu, 700 tonnes Co, 10,500 K tonnes Zn sulfate (Boleo, Baja California).
  • Bacanora Minerals Ltd. announced that it filed a statement of claim seeking to void ab initio, a 3% gross over-riding royalty held by the Estate of Colin Orr-Ewing over certain of Bacanora assets in Sonora. The company also announced amendments to the employment arrangements of certain members of the executive management firm.
  • Bacanora Minerals Ltd. has been served by the estate of the late Ian Colin Orr-Ewing with legal proceedings filed on September 20th September 2017, on a dispute regarding the ownership of 3% gross overriding royalties over Bacanora’s Sonora Lithium project and Magdalena Borates project. The Estate currently owns 8.15% of the common shares of Bacanora.
  • Golden Goliath Resources Ltd. has now received the fifth in a series of seven optional payments from Fresnillo PLC for the properties optioned to them in the Uruachic mining district in Chihuahua. This $100 K payment is to be followed by another $100 k due on May 2018 and a final US$2.3 M payment on November 2018, if Fresnillo is to keep the property. Golden Goliath plans to use the final payment to pay for the drill program on its 100% owned San Timoteo property in Chihuahua.
  • Prize Mining Corp. entered into an agreement with Scion Mines S.A. de C.V. to acquire 100% interest in the Manto Negro copper project in Coahuila, by issuing 6 M shares with a restricted lock-up and restricted resale period. Six million shares more are to be issued if the next milestones are met on a 43-101 technical report: 2 M bonus shares if the estimated copper resource is over 500 M Lb; 2 M bonus shares if the estimated copper resource is over 750 M Lb; 2 M bonus shares if the estimated copper resource is over 1 B Lb.

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, magnetite-chalcopyrite mineralization on drill core from Las Minas, Veracruz. Photo by Mexican Gold Corp. on its Nov 23rd, 2017 press release.

Core from Las Minas, Veracruz, photo from press release in Nov 2017

Alix Amends Private Placement

Alix Nov 23, 2017

Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that further to its news releases of November 8th, 2017 and November 15, 2017 the non-brokered private placement is being increased to up to 34,000,000 units (the “Units”) at a price of $0.12 per Unit for aggregate gross proceeds of $4,080,000. All other terms of the private placement remain unchanged.

 

The private placement is subject to the acceptance of the TSX Venture Exchange.

 

Alix Resources is a junior mining exploration company focussed on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.

Orr-Ewing Estate Legal Action Against Bacanora Minerals

MedeaNov202017

London (FSCwire) – The estate of the late Hon. Ian Colin Orr-Ewing (the “Estate”) has served Bacanora Minerals Ltd (“Bacanora” – AIM: BCN, TSXV: BCN) with legal proceedings that were issued in the English Commercial Court on 20th September 2017. The Estate currently owns 8.15% of the common shares outstanding in Bacanora and holds 3% Gross Overriding Royalties over Bacanora’s Sonora Lithium Project in Mexico (the “Royalty”) and Magdalena Borates Project in Mexico.

Bacanora Announces Corporate Updates

https://www.fscwire.com/newsrelease/bacanora-announces-corporate-updates

Calgary, Alberta (FSCwire) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium exploration and development company, announces that it has filed a statement of claim with the Court of Queen’s Bench (Alberta) seeking to void ab initio, a 3% gross over-riding royalty held by the Estate of Colin Orr-Ewing over certain of the Company’s lithium assets in Sonora, Mexico (the “Royalty”). In addition, ahead of the completion of the Feasibility Study for the Sonora Lithium Project in Q4 2017 and Bacanora’s transition from an exploration to a development company, the Company announces amendments to the employment arrangements of certain members of the executive management team.

Highlights on the Third Week of November, 2017. Mineral Exploration in Mexico

During the 46th week of the year (November 13th to November 19th, 2017), at least 33 press releases were announced by companies working in Mexico, including four quarterly reports. ON MEXICO ISSUES: The Mexican environmental agency (PROFEPA) suspended Santacruz Silver Mining Ltd. operations at the Veta Grande mill in Zacatecas. ON EXPLORATION: six companies informed on exploration efforts during the week: In Sonora Aztec Minerals announced drilling is underway at the Cervantes project; Colibri has new drill targets at El Pilar project. In Chihuahua, Silver Spruce is on the drill permitting process stage for its Pino de Plata property; Endeavour released drill results with bulk mining potential at its Parral project. In Coahuila Alset Minerals  applied for over 400 K hectares of ground in mining concessions, looking for lithium brines. In Sinaloa, Santana Minerals disclosed high-grade historical assays from the Lupita prospect, in its Cuitaboca project.  ON MINING: Mag Silver, Leagold Mining, Primero Mining and Starcore International presented quarterly results. Vangold Mining informed of a sampling program to measure the backfill resource at the Pinguico property in Guanajuato. Telson Resources delivered the first concentrates from Campo Morado, in Guerrero. In Zacatecas, operations at Santacruz Silver’s mill in Vetagrande, Zacatecas were suspended by PROFEPA. ON FINANCING: This was definitely a good week, with six companies reporting the opening or closing of financing rounds: VVC Exploration, Over CA$2.6 M; MAG Silver, $48.16 M; Kootenay Silver, $4 M; Gainey Capital, $717.8 K (for a total of $1.96 M). ON RESOURCES AND DEVELOPMENT: Mexican Gold Corp released high grade results from four step out holes at its Las Minas property in Veracruz. Consolidated Zinc is modifying its plans to mill over 250 K tonnes per annum at its Plomosas property in Chihuahua. Silver Bull released high-grade Ag-Cu drill results from drilling the sulfide zone at its Sierra Mojada property in Coahuila. Oceanus disclosed high-grade results from the first hole on its new drill campaign at El Tigre, in Sonora.  ON DEALS AND CORPORATE ISSUES: Argonaut Gold is to acquire the Cerro del Gallo property in Guanajuato, from Primero mining, for US$15 M, including VAT.

ON MEXICO ISSUES

  • PROFEPA (Mexico’s environmental enforcement agency) temporarily suspended operations at the Vetagrande mill in Zacatecas, citing inadequate atmospheric emission controls. Santacruz Silver Mining Ltd. failed to present an environmental permit, equipment maintenance registers or an inventory of atmospheric emissions. Primero Mining received VAT refunds from the SAT (Servicio de Administracion Tributaria) of $4.6 M during Q3, and $10.6 M during October.

ON EXPLORATION

  • Alset Minerals Corp. staked and filed mineral claims for over 400 K hectares of prospective lithium-rich salars in Coahuila. The claims contain the dry lagoons of Mayran (one of the biggest dry lakes in Mexico), Viesca and Los Remedios, in an area of 150 km (N-S) by 125 km (E-W). At Viesca there is history of commercial brine extraction by Sulfatos de Viesca.
  • Aztec Minerals Corp. along with partner Kootenay Silver Inc. announced that phase one of the drilling program is underway at its Cervantes project in Sonora. The program consists of 3,000 m on 14 to 17 holes to test: 1) A gold anomaly in soil and rock chip surveys 600 m by 900 m over quartz-feldspar porphyry and intrusive breccias at the California prospect. 2) Au-Cu mineralization on the Jasper target. 3) A geophysical chargeability/resistivity anomaly.
  • Colibri Resource Corp. is changing the mineralization model at its El Pilar project in Sonora. The mineralization is hosted in andesites along the contact with a granodiorite, but recent drilling confirmed that a supposed strike slip fault is not present, increasing the potential for gold carrying pyrite rich zones associated to two structures in the andesites. New drill targets have been defined, with chargeability anomalies also to be tested.
  • Silver Spruce Resources Inc. has restarted the permitting process for initiating a drill program at its Pino de Plata project in Chihuahua. Drill companies have visited the 397 hectares property and are to submit bids on the drilling program that is to test three zones. The El Terrero target consists of disseminated epithermal mineralization in intrusive rocks, with grab samples of up to 557 g/t Ag. The Teodora vein targets have verification samples with up to 553 g/t Ag. The Santa Elena target area shows replacement Ag-Pb-Zn-Cu mineralization.
  • Endeavour Silver Corp. discovered additional potential bulk tonnage silver mineralization in the Palmilla area of its Parral project in Chihuahua. “ Endeavour drilling has outlined lower grade, bulk tonnage mineralization above and along strike of the old workings that may be amenable to open pit mining”. The true width mineralized intervals averaged 10.1 m @ 92 g/t Ag, 0.2% Pb, 0.4% Zn (Each mineralized interval on one of the Capuzaya, Palmilla and La Luz veins). Endeavour has already an historic resource at the Veta Colorada vein, and is continuing with drilling at the San Patricio vein. A new resource for the Parral property is to be released by Q1, 2018.
  • Santana Minerals Ltd. disclosed a review of historic data that shows high-grade silver mineralization in the La Lupita prospect, part of its Cuitaboca project in Sinaloa. Of a total of 24 samples collected by Peñoles in a 130 m long stretch, nine returned values between 200 g/t Ag and 786 g/t Ag, with an average (on the 24 samples) of 220 g/t Ag, 0.3 g/t Au. Previously reported saw channel sampling by Santana on the same zone returned 7 m @ 161 g/t Ag, 1.1 m @ 158 g/t Ag, 2.9 m @ 281 g/t Ag, 1.65 m @ 514 g/t Ag.

ON MINING

  • Vangold Mining Corp. started a grading and sampling campaign on the surface 200 K stockpile at its Pinguico property in Guanajuato. The company also intends to clean the underground workings in order to access and sample the mine back fill, which they estimate to have the potential to reach 500 K tonnes. The back fill comprises material that did not reach the 15 g/t Au cut off that was being mined in 1913. Both above ground and underground material is to be tested metallurgicaly to define processing methods.
  • Mag Silver Corp. released its third quarter 2017 financial results. During the quarter underground development has been intensified to allow for a planned increase to 4,000 tpd in mining rate, permitting is in process for the planned production increase, and a 20,000 m exploration drill program commenced in July, with three rigs on the surface and one underground. An independent feasibility study (FS) is due by early 2018. The company had $121.6 M in cash and cash equivalents at the end of the period. A new expanded resource estimate was presented on November 7, 2017.
  • Telson Resources Inc. delivered the first zinc concentrates produced at its Campo Morado mine in Guerrero, to Trafigura’s warehouse in Manzanillo, Colima. Up to the first week of November, Telson has produced more than 800 tonnes of zinc concentrate and more than 250 tonnes of lead concentrate.
  • Leagold Mining Corp. reported Q3 2017 production from Los Filos in Guerrero. During the quarter 7,6 M tonnes were moved and 2.1 M tonnes of ore mined @ 0.67 g/t Au, 98 K tonnes were mined from underground @ 7.43 g/t Au, with a recovery rate of 70% (estimated at 80% from underground material) to produce 47,766 Oz Au at an all-sustaining cost (AISC) of $993. An expanded resource estimate for the Bermejal underground deposit was released, and 38,581 m of a 56,000 m drilling campaign were also completed. The company held $52.9 M of cash and cash equivalents at the end of the period.
  • Primero Mining Corp. reported operating and financial results for the third quarter 2017. At San Dimas in Durango, 110.2 K tonnes were mined and 114.7 K tonnes milled (1,246 tpd) @ 4.78 g/t Au, 301 g/t Ag, recovering 97% Au, 94% Ag, to produce 17,070 Oz Au, 1.1 M Oz Ag (or 20,537 Oz AuEq), at cash cost $884 AuEq and AISC of $1,117 per ounce. Production at San Dimas was affected by persistent issues with underground equipment reliability which impacted development and stoping, and a strike by unionized workers over the negotiation of the 2016 annual workers’ bonus. Cash at end of period was $14,9 M, which increased to $22 M by the end of October.
  • Starcore International Mines Ltd. announced production results for the second quarter of fiscal 2018, ended on October 31st, 2017. During the quarter 69.7 K tonnes were milled @ 1.56 g/t Au, 13.6 g/t Ag, recovering 80.9% Au and 54% Ag, to produce 2,739 AuEq Oz. the Altiplano Facility received 137.2 K tonnes of concentrate and 311 Kg of precipitates containing 197 Oz Au, 13,650 Oz Ag. Also during the quarter 94 Oz Au and 20.3 K Oz Ag were sold.
  • Santacruz Silver Mining Ltd. reported that the Mexican Environmental Protection Agency (PROFEPA) requested that the subsidiary operating the Veta Grande mill hold the environmental license directly on its name. The documents were submitted on November 8th, and the company expects the imminent resumption of operations at the mill. The mining operations and mill maintenance have continued through this time period.

ON FINANCING

  • VVC Exploration Corp. issued last week shares and warrants for CA$1.4 M, pursuant to the first closing, shares and warrants were issued for gross proceeds of CA$1.26 M. Insiders of the company subscribed for an aggregate of CA$200 K (Samalayuca, Chihuahua).
  • MAG Silver Corp. announced a non-brokered private placement with some shareholders for up to $44 M in gross proceeds. Later on the week MAG informed that the offering was increased for total gross proceeds of $ $48.16 M. MAG intends to use the net proceeds of the offering to fund exploration and development of the Juanicipio Project, in Zacatecas, and for working capital and general corporate purposes (Juanicipio, Zacatecas).
  • Kootenay Silver Inc. announced the opening of a non-brokered private placement of up to $4 M (La Cigarra, Chihuahua).
  • Gainey Capital Corp. closed the second and final tranche of its previously announced private placement, for gross proceeds of $ 717.8 K. Total gross proceeds for the offering are $1.96 M (El Colomo, Nayarit).
  • Mexican Gold Corp. informed its largest share holder, Palisade Global Investments Ltd. exercised warrants for gross proceeds of $833 K (Las Minas, Veracruz).

ON RESOURCES AND DEVELOPMENT

  • Mexican Gold Corp. released results from four step-out holes at its Las Minas project in Veracruz. The highlighted intervals include: 54.0 m @ 3.9 g/t Au, 13 g/t Ag, 1.7% Cu (including 38 m @ 5.4 g/t Au, 17 g/t Ag, 2.2% Cu); 19.0 m @ 2.1 g/t Au, 0.2% Cu (including 5.0 m @ 4.6 g/t Au, 0.4% Cu); 21.35 m @ 1.3 g/t Au, 0.7% Cu (including 11.35 m @ 2.2 g/t Au, 1.0% Cu) in one hole, and 9.0 m @ 0.9 g/t Au, 11 g/t Ag, 1.4% Cu; 8.0 m @ 1.3 g/t Au, 0.4% Cu; 12.80 m @ 0.8 g/t Au, 8 g/t Ag, 1.2% Cu. The drilling increased the strike width of the initial resource to 365 m (a 65 m increase) by 395 m. The rig is back to this zone to commence infill and resource expansion drilling near the drill intercept outlined above.
  • Consolidated Zinc Ltd. is expanding the plans outlined in the recent scoping study on its Plomosas property in Chihuahua. The company is now evaluating the opportunity targeting over 250 K tonnes per annum over a mine life of 7 to 10 years.
  • Silver Bull Resources Inc. released results from the sulfide zone at its Sierra Mojada property in Coahuila. Highlighted drill intercepts comprise: 16 m @ 396 g/t Ag, 1.6% Cu (including 5 m @ 379 g/t Ag, 3.2% Cu; 6 m @ 610 g/t Ag, 1.1% Cu); 7 m @ 370 g/t Ag, 0.8% Cu; 4.8 m @ 352 g/t Ag, 0.6% Cu. The sulfide zone sits below the current Sierra Mojada’s oxide resource, along a steeply dipping fault, remaining open to depth and over 3 km along strike.
  • Oceanus Resources Corp. reported results from the first hole of the current drill campaign in the Caleigh vein at its El Tigre property in Sonora. The hole returned 0.75 m @ 10.9 g/t Au, 2,830 g/t Ag, encountering also the low grade hanging wall alteration zone adjacent to the vein, with 25.75 m @ 0.65 g/t Au, 92 g/t Ag. “The true width has not been calculated for the intercepts, however true width is generally estimated at 75% to 90% of drilled width.”

ON DEALS AND CORPORATE ISSUES

  • Argonaut Gold Inc. reached an agreement with Primero Mining Corp. regarding the acquisition of the Cerro del Gallo project in Guanajuato. Under the deal Argonaut is to purchase all the shares of the Primero Mining subsidiary that holds the property for a cash consideration of $15 M (including VAT), payable on closing.

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, beautifully banded epithermal quartz vein from a prospect on the Durango Altiplano. Photo by Jorge Cirett.

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Alix Announces Private Placement Warrant Amendment

https://www.fscwire.com/newsrelease/alix-announces-private-placement-warrant-amendment

Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that further to its news release of November 8th, 2017 the post-consolidation common share purchase warrants included in the non-brokered private placement will entitle the holder to acquire one post-consolidation common share at an exercise price of $0.20 per share for a period of 36 months, extended from the previously announced term of 24 months. All other terms of the private placement remain unchanged.

 

The private placement is subject to the acceptance of the TSX Venture Exchange.

ALSET ACQUIRES JUST UNDER ONE MILLION ACRES OF PROSPECTIVE LITHIUM SALARS IN COAHUILA STATE, MEXICO

https://www.alsetminerals.com/single-post/2017/11/10/ALSET-ACQUIRES-JUST-UNDER-ONE-MILLION-ACRES-OF-PROSPECTIVE-LITHIUM-SALARS-IN-COAHUILA-STATE-MEXICO

Vancouver, British Columbia: Alset Minerals Corp. (TSXV: ION) (“Alset” or “the Company”) is pleased to report the staking and filing of mineral claims for nearly 1 million acres of prospective lithium-rich salars in the State of Coahuila, Mexico. Alset has a 100-per-cent interest in these properties and they are free of all royalties. The three project areas are located in the infrastructure rich region of La Laguna, and include Yaki 1 (98,307 hectares), Yaki 2 (266,422 hectares), and Yaki 3 (36,929 hectares). The new salars are hosted in a classic closed-basin, and formed through the evaporation of a series of paleo-lakes.  Information on the location and geology of these new salars will be available on the Company’s website shortly.

Highlights on the First Week of November, 2017. Mineral Exploration in Mexico

During the 44th week of the year (October 30th to November 5th, 2017), at least 33 press releases were announced by companies working in Mexico, including nine quarterly reports. ON MEXICO ISSUES: No relevant news. ON EXPLORATION: seven companies informed on exploration efforts during the week: In Sonora SilverCrest informed on metallurgical test results from drill core material of its Las Chispas property; Riverside continues with ground magnetics, an IP survey and soil sampling on its Glor project, funded by Centerra; Minaurum released good drilling results from its Alamos property. In Chihuahua Golden Goliath continues exploration at San Timoteo; Prospero Silver prepares to drill its Bermudez project. In Sinaloa, Auxico released metallurgical results from its Zamora property. In Zacatecas Defiance Silver commenced a two rig drill campaign on the Veta Grande vein in its San Acacio project. ON MINING: Great Panther, Grupo Mexico, Endeavour Silver, Americas Silver, Excellon, Alamos Gold, McEwen Gold, Argonaut and First Majestic reported third quarter results. In Sonora, Corex Gold is testing different crushing sizes for the heaps, and received the first compensation for gold produced at its Santana property. In Zacatecas, Starcore removed all senior personnel from its Matehuala plant. ON FINANCING: San Marco completed a private placement for $1.26 M and Vangold is to raise up to $1.57 M with a non-brokered private placement. Telson signed a $15 M credit facility with Trafigura. GoGold is to repay a $46.5 M debt and a $7.5 M credit with the proceeds of the sale of Santa Gertrudis. ON RESOURCES AND DEVELOPMENT: Starcore highlighted the increase in resources, metallurgical testing and work on the scoping study on its Plomosas property. Almaden reported grades on one more in-fill hole at its Ixtaca property. Bacanora secured access to its Sonora property. Hecla provide high-grade exploration results on its San Sebastian mine.  ON DEALS AND CORPORATE ISSUES: Vangold executed the purchase agreement of land on its Pinguico property. GoGold announced the completion of the sale of the Santa Gertrudis project to Agnico Eagle.

ON MEXICO ISSUES

  • No Relevant News.

ON EXPLORATION

  • SilverCrest Metals Inc. disclosed results from initial metallurgical sampling of mineralization from its Las Chispas property in Sonora. These results show that Las Chispas mineralization appears to be amenable to standard cyanidation processing, with average recoveries of 98.9% Au, 86.6% Ag. Nineteen core samples were combined into three bulk composites, with partly oxidized and non-oxidized material. Further metallurgical test work is to be completed after the announcement of a maiden resource in Q1 2018.
  • Auxico Resources Canada Inc. released metallurgical results from a 2 Kg metallurgical sample from a volcanic breccia in the footwall of the Campanillas mine, at its Zamora property in Sinaloa. The test returned 13.8% Au, 8.6% Ag recovery by gravity, 67.8% Au, 89.1% recovery by flotation, for total recoveries of 71.6% Au, 92.9% Ag.
  • Defiance Silver Corp. commenced a two-rigs phase II 5,000 m drill core program targeting new high-grade silver shoots along 900 m of the Veta Grande vein, SE from the San Acacio deposit in Zacatecas.
  • Golden Goliath Resources Ltd. received a report on its San Timoteo property in Chihuahua. The report stresses the presence of several strong systems of mineralized structures with potential for bonanza zones and a deeper Cu-Au porphyry system. Known zones within the Level 5 of the San Timoteo vein contain a 78 m long shoot @ 0.6 g/t Au, 68 g/t Ag and a 32 m long shoot @ 0.3 g/t Au, 212 g/t Ag.
  • Riverside Resources Inc. updated on exploration work in progress at its Glor property in Sonora, alongside its partner Centerra Gold Inc.. The work is focusing on the central part of the property, where samples of up to 14 g/t Au have been collected, with a detailed ground magnetic survey covering 210 hectares with 80 line-kilometers, 14 line-kilometers on an induced polarization survey, and an 850 sample soil program.
  • Prospero Silver Corp. received all necessary permits to carry a first-pass drill program at Bermudez, in Chihuahua. Prospero can now proceed with a drilling campaign funded by Fortuna Silver Mines Inc. to test a low sulfidation epithermal vein system exposed over a 2.5 km by 50-100 m area. Anomalous Au, Ag, Ba and Zn, along with the quartz vein textures support the interpretation of this being a shallow zone in the epithermal system.
  • Minaurum Gold Inc. released results from the first five holes (1,342 m) at its Alamos project in Sonora. Relevant intercepts on the Promontorio vein: 20.15 m @ 154 g/t Ag, 0.23 g/t Au, 0.5% Cu, 2.3% Pb, 6.8% Zn; 8.50 m @ 81 g/t Ag, 0.13 g/t Au, 0.1% Cu, 3.2% Pb, 2.7% Zn; 3.15 M @ 322 g/t Ag, 0.28 g/t Au, 0.5% Cu, 1.6% Pb, 3.3% Zn. At the Blind Vein/Southern Nueva Europa target an interval of 0.25 m @ 8 g/t Ag, 0.9% Pb, 2.4% Zn validated the idea of blind veins on the area. At the Minas Nuevas target the 17.65 m @ 96 g/t Ag and 13.05 m @ 54 g/t Ag intercepts confirm the potential for bulk-tonnage orebodies.

ON MINING

  • Starcore International Mines Ltd. is changing its senior management and sales personnel at the Altiplano processing plant in Matehuala, San Luis Potosi. Operational duties will be assumed by existing Starcore management, assisted by the services of a newly appointed consultant specializing in the procurement of concentrates.
  • Great Panther Silver Ltd. reported financial results for the third quarter 2017. Consolidated production was 532.8 K Oz Ag, 5,848 Oz Au, at a cash cost of $12.37 per AgEq Oz and AISC of $16.42 per AgEq Oz. The company held $55.5 M of cash and short term deposits at the end of the period.
  • Grupo Mexico S.A.B. de C.V. presented its Q3 report for 2017. During the period the Buenavista expansion in Sonora was completed in time, and US$101 M under the budgeted US$3,265 M, increasing the Cu production from 180 K to 500 K tonnes per year. The crushing and conveyor belt system for leaching material was also finished on time and US$117 M below the US$444 M budget. At the Buenavista Zinc project, basic engineering has been completed and the detailed engineering phase commenced; this project is to produce 80 K tonnes of Zn and 20 K tonnes of Cu per year, starting on 2020. At Pilares, an open pit mine is to produce ore for the La Caridad mill; an investment of $159 M is expected, in order to produce 34.5 K tonnes of Cu/year by 2019. During the period, 262.7 K tonnes of copper (at cash cost US$1.08), 5,581 tonnes of moly, 18,857 tonnes of zinc, 3.6 M Oz Ag, 43,665 Oz Au, 717.6 K tonnes of sulfuric acid were produced.
  • Corex Gold Corp. received US$278.7 K from gold recovered from the first gold-in-carbon concentrate from the Santana heap-leach project in Sonora. The company is testing different crushing sizes for the ore material staked on the heaps.
  • Americas Silver Corp. announced financial and production results for the third quarter of 2017, including figures from its Mexican operations. At the Cosalá operations in Sinaloa, with ore from the Nuestra Señora, El Cajón and San Rafael mines 134.7 K tonnes were processed @ 74 g/t Ag, to produce 277.7 K Oz Ag, 1.43 M Lb Zn, 793 K Lb Pb, 507 K Lb Cu, or 528.8 AgEq Oz. The operations are transitioning from Nuestra Señora mine to the newly developed San Rafael mine, from where all the ore to be processed is expected to be mined during November. Cash cost and All-in sustaining cost was $3.16 per silver ounce. The company had $8.7 M in cash and cash equivalents at the end of the period.
  • Endeavour Silver Corp. presented its third quarter 2017 financial report. During the period 1.26 M Oz Ag, 13,648 Oz Au were produced at its Guanaceví (Durango), Bolañitos (Jalisco) and El Cubo (Guanajuato) at cash cost $11.74 per Oz Ag and AISC $17.53 per Oz Ag. Development commenced at El Compas mine in Zacatecas, where additional prospective ground was acquired, and permits were received for the mine and plant at Terronera, Jalisco. The company had $70.3 M at the end of the period.
  • Excellon Resources Inc. released its third quarter 2017 financial results. During the period its Platosa mine in Durango mined 18.1 K tonnes, processed 19.9 K tonnes @ 409 g/t Ag, 4.4% Pb, 6.1% Zn. Recoveries stood at 87.6% Ag, 81.8% Pb, 81.1% Zn, to produce 226.2 K Oz Ag, 1.58 M Lb Pb, 2.17 M Lb Zn, or 500.7 K AgEq ounces at cash ton per ton of $208, cash cost of $2.46 per Ag Oz and AISC of $11.62. The optimization plan has resulted in drier mining conditions and significantly improved the cash cost and AISC per Ag Oz produced. The company is currently applying to become a “qualified user” under the recent energy reforms, which will allow Excellon to access the private market for electricity, a key cost on the water pumping to maintain dry mining conditions.
  • Alamos Gold Inc. reported its financial results for the third quarter of 2017, including figures from its Mulatos and El Chante operations in Sonora. At Mulatos (including numbers from La Yaqui, which started commercial production in September first) 2.34 M tonnes of ore and 1.46 M tonnes of waste were mined from open pits, with 1.75 M tonnes @ 0.96 g/t Au stacked on the heaps, while 30.8 K tonnes milled from underground feed @ 10.05 g/t Au, to produce 36,300 Oz Au at cash cost $785 per Oz Au and mine-site AISC of $864 per Oz Au. At El Chanate 1.62 M tonnes of ore and 5.19 M tonnes of waste were mined (2.19 waste to ore ratio) @ 0.48 g/t Au, to produce 14,900 Oz Au at cash cost $1,137 per Oz Au and AISC $1,164 per Oz Au.
  • McEwen Mining Inc. reported consolidated financial results for Q3 2017, with figures from its Mexican operations. During the period 7,189 Oz Au were produced at its El Gallo property in Sinaloa. Production was impacted by the failure of the crushing circuit, impacting the amount of ore placed on the heaps. The failure to the crushing equipment has been corrected and a mobile crusher was added to speed up the placing of ore material on the heaps
  • Argonaut Gold Inc. released third quarter 2017 operating and financial results. At El Castillo in Durango 1.7 M tonnes of ore @ 0.28 g/t Au and 2.4 M tonnes of waste were moved (45 K tonnes per day, tpd, at a waste to ore ratio of 1.40) to produce 11,437 Oz Au and cash cost of $947 per Oz Au. At San Agustin in Durango, pre-commercial production included 1.3 M tonnes of ore and 303 K tonnes of waste moved, with 1.23 M tonnes @ 0.42 g/t Au placed to the pads, to recover 2,690 Oz Au, 16.9 K Oz Ag. At La Colorada in Sonora, 1.1 M tonnes of ore and 4.5 M tonnes of waste were moved (61 K tpd, waste to ore ratio of 4.11), placing 1.3 M tonnes @ 0.50 g/t Au on the heaps to produce 9,518 Oz Au, 21.7 K Oz Ag. Total production from these three mines in Mexico was 23,645 Oz Au, 38.6 K Oz Ag.
  • First Majestic Silver Corp. announced third quarter 2017 financial results. First Majestic has six mies in Mexico: Santa Elena in Sonora, La Escondida in Coahuila, La Parrilla in Durango, Del Toro in Zacatecas, San Martin in Jalisco and La Guitarra in Estado de Mexico. The consolidated production was 2.4 M Oz Ag, or 4.0 M Oz AgEq at a cash cost of $8.52 and AISC of $15.73 per Oz Ag. At the end of the period the company had $120.8 M in cash and cash equivalents, with $34.7 M in debt facilities.  First Majestic Q3 2017 production11

ON FINANCING

  • Vangold mining Corp. is to go ahead with a non-brokered private placement that can accrue up to $1.575 M in gross proceeds. The proceeds are to be used on its Pinguico property in Guanajuato, and for general working capital (Pinguico, Guanajuato).
  • Telson Resources Inc. signed a term sheet of a loan facility and off-take agreement with Trafigura Mexico S.A. de C.V., to sell 100% of the Pb and Zn concentrate produced at the Tahuehueto mine in Durango, from January 2018 to December 2022. Trafigura is to provide Telson a $15 M credit facility upon signing formal agreements.
  • San Marco Resources Inc. completed its previously announced private placement for gross proceeds of $1.26 M, with insiders of the company acquiring over 14% of the issued units. Finder’s fees of $52,283 were paid to four parties (Chunibas and 1068 project, Sonora).
  • Silver Spruce Resources Inc. closed its non-brokered private placement, raising gross proceeds of $132 K, paying $2.5 K as finder’s fee (Pino de Plata, Chihuahua).
  • GoGold Resources Inc. informed that after receiving US$80 M on the sale of its Santa Gertrudis project in Sonora is to use the proceeds to pay in full it’s outstanding US$46.5 M revolving credit facility with the Bank of Montreal and repay the principal and interest on the US$7.5 M loan advanced by Agnico. GoGold is debt free and has a strong cash balance (Parral tailings, Chihuahua).

ON RESOURCES AND DEVELOPMENT

  • Consolidated Zinc Ltd. presented its third quarter 2017 report, highlighting its activities at its Plomosas property in Chihuahua. During the period the mineral resource estimate was increased to 968 K tonnes @ 15.9% Zn+Pb, for 154 K tonnes of contained metal. Metallurgical test work from the Tres Amigos sulfide zone indicate Zn recoveries >90%. The Scoping Study (SS) is near completion, with focus on the Tres Amigos and Las Espadas zones. Additional high-grade Zn+Pb mineralization has been identified, and regional exploration re-commenced.
  • Almaden Minerals Ltd. released assay results from one of the holes from the resource infill drilling program at its Ixtaca deposit in Puebla. The hole returned 180 m @ 1.25 g/t Au, 54 g/t Ag, including 32.5 m @ 2.02 g/t Au, 109 g/t Ag; and 24.15 m @ 1.58 g/t Au, 103 g/t Ag; and 25.0 m @ 4.08 g/t Au, 92 g/t Ag.
  • Bacanora Minerals Ltd. announced that access and surface rights have been secured for its Sonora project in Sonora. “The access and surface rights mainly relate to the land area covering mineral resources contained within the La Ventana, Fleur and El Sauz areas”.
  • Hecla Mining Co. provided an update on its explorations programs, including information on its San Sebastian project in Durango, where three rigs were active on the Middle, Francine and West Francine veins. In-fill drilling on the Middle vein has returned continuous veins averaging 1.07 m (true width) @ 8.09 g/t Au, 1,708 g/t Ag; 1.34 m @ 5.91 g/t Au, 1,285 g/t Ag. New drilling 100 m west and down dip of current development has intercepted 1.22 m @ 0.62 g/t Au, 295 g/t Ag, 3% Cu, 2% Pb, 5% Zn; 1.65 m @ 2.18 g/t Au, 373 g/t Ag, 4% Cu, 6% Pb, 9% Zn. On the Francine vein, 182 m W from the Hugh resource area, two holes intersected 1.10 m @ 0.31 g/t Au, 886 g/t Ag, 6% Cu, 9% Pb, 14% Zn; 1.04 m @ 0.31 g/t Au, 613 g/t Ag; 3% Cu, 12% Pb, 13% Zn. A hole 750 m to the west of the Hugh zone intersected 3.66 m @ 0.31 g/t Au, 193 g/t Ag, 2% Cu, 3% Pb, 4% Zn. Drilling on the East Francine vein, 350 m east of existing workings, intercepted 3.90 m @ 0.3 g/t Au, 460 g/t Ag; drilling along the adjacent East Middle vein intersected 2.44 m @ 1.56 g/t Au, 236 g/t Ag.
  • Alamos Gold Inc. drilled 5,394 m in 42 holes at La Yaqui Grande Deposit in Sonora during the third quarter 2017. True width Intercepts from the zone 3 are believed to be 80-90% of the reported longitude of 35.6 m @ 3.07 g/t Au; 10.80 m @ 6.21 g/t Au; 12.5 m @ 0.88 g/t Au; 22.10 m @ 2.31 g/t Au; 21.3 m @ 1.71 g/t Au; 7.90 m @ 3.80 g/t Au; 5.90 m @ 3.15 g/t Au; 12.0 m @ 0.82 g/t Au; 11.10 m @ 1.88 g/t Au; 15.30 m @ 1.82 g/t Au; 20.0 m @ 1.24 g/t Au; 13.60 m @ 0.55 g/t Au. A number of new prospects are undergoing initial exploration in the 28,777 hectares land package that Alamos Gold holds in the Mulatos district.

ON DEALS AND CORPORATE ISSUES

  • Vangold Mining Corp. executed the land purchase agreement with two private land owners at its El Pinguico property in Guanajuato. The 302 hectares land package includes El Pinguico property and provides significant land area for mining infrastructure. Vangold is committed to pay two annual installments of CDN $4,500 with a final payment of CDN $65 K on the third anniversary.
  • GoGold Resources Inc. announced the completion of the sale to Agnico Eagle Mines Ltd. of the Santa Gertrudis project in Sonora. GoGold received total cash consideration of US$80 M and was granted a 2% NSR, of which 50% can be repurchased for US$7.5 M.

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, argillitized porphyritic intrusive rock with minor quartz veining from a gold-copper prospect of the Durango Altiplano. Photo by Jorge Cirett.

Parrandera