Vancouver, British Columbia – August 17, 2017 – Discovery Metals Corp. (“Discovery
Metals” or the “Company”) (TSX-V: DSV.H) is pleased to announce that it has closed its
previously announced change of business transaction (the “Transaction”) and has been
reclassified as a Tier 2 Mining Issuer on the TSX Venture Exchange (the “Exchange”).
The principal transaction completed by Discovery Metals was the entering into of a mineral exploration and option agreement (the “Puerto Rico Option Agreement”) dated April 7, 2017, with Jesus Miguel Hernandez Garza and Juan Reynaldo Elizondo Falcon (together, the “Vendors”), providing an option (the “Option”) to acquire certain mineral concessions (the “Puerto Rico Concessions”) located in Ocampo, Coahuila, Mexico, forming part of the Puerto Rico mining-metallurgical project (the “Puerto Rico Property”).
VANCOUVER, B.C. Almadex Minerals Limited (“Almadex” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce it has received assay results from hole EC-17-029 of the 2017 Norte drilling program. EC-17- 029 was drilled to target and expand the high grade mineralisation and intersected high grade mineralization and
multiple zones of intense stockwork veining and potassic alteration accompanied by significant copper and gold grades. Highlights include the following intercepts all of which are also shown on the attached plan and section:
Hole EC-17-029 NORTE ZONE, 330 Az, -70 dip
From 118.60 to 653.50, 534.90 meters @ 0.90 g/t gold and 0.30% copper (1.31 g/t AuEq; 0.96% CuEq) Including 118.60 to 510.15, 391.55 meters @ 1.06 g/t gold and 0.34% copper (1.53 g/t AuEq; 1.11% CuEq) And 167.35 to 312.15, 144.80 meters @ 1.77 g/t gold and 0.45% copper (2.39 g/t AuEq; 1.74% CuEq) And 200.15 to 298.15, 98.00 meters @ 1.96 g/t gold and 0.48% copper (2.62 g/t AuEq; 1.91% CuEq)
1 Gold equivalent (“AuEq”) and copper equivalent (“CuEq”) values are calculated assuming 100% recoveries and prices of US$1,250/oz gold and US$2.50/lb copper.
DIEPPE, NB, Aug. 9, 2017 /CNW/ – (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) has completed its previously announced acquisition of Canadian Gold Resources Ltd. (“CGR”) from ONTOP Capital Limited (the “Vendor”). In accordance with the terms of the Share Purchase Agreement, Colibri acquired all the outstanding shares of CGR for an aggregate acquisition cost of $4,000,000, paid by way of issuance of 24,242,425 common shares (the “Consideration Shares”) at a price of $0.165 per share to the Vendor.
Colibri now owns 100% of the right, title and interest in Minera Bestep S.A. de C.V. (“Bestep”), a private Mexican company. Bestep holds 100% of the right, title and interest in the Pilar Gold Project (“Pilar Property”) and the Sun Project. Both properties are located near Suaqui Grande, Sonora, Mexico and neither property is subject to any royalties or encumbrances. The Pilar Property is 105 hectares in size and the Sun Property is 110 hectares in size. A report on the Pilar Gold Project prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (the “NI 43-101 Report”) has been prepared by Jamie Lavigne M.Sc., P.Geo, a Qualified Person under NI 43-101 and independent of the Pilar Gold Project. The Sun Project has been subject to preliminary exploration work. The NI 43-101 Report is available on SEDAR.
Immediately after closing, the Vendor distributed the Consideration Shares to its shareholders by way of a return of capital dividend. As a result of such distribution, a new Control Person will be created as one of the shareholders of the Vendor, John Schiavi, will be holding or controlling Consideration Shares equal to more than 20% of the issued and outstanding common shares of the Company after giving effect to the Transaction.
VANCOUVER, BRITISH COLUMBIA, August 10, 2017 – Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or “the Company”) is pleased to provide an update on its exploration activities in Alaska, British Columbia, and Mexico, as well as its growth plans for 2017 and beyond.
Keeping in line with the Project Generator business model, Millrock has continued to generate numerous high-quality projects over the past four years. Most recently, the Company has added two new projects to its portfolio: the La Navidad and El Picacho gold projects in Sonora State, Mexico.
Presently, Millrock has three partner companies funding work on five different projects. Total 2017 exploration expenditures are estimated to be US$5.1 million, and revenues from management fees are estimated to be US$380,000, with most of the activity, expenditures, and revenues to come in the latter half of 2017.
HALIFAX, NOVA SCOTIA – August 10, 2017 – Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF) (“Oceanus” or the “Corporation”) reports it has received the first assay results of chip samples collected from the legacy underground exploration tunnels on the unmined Protectora, Aguilas, Fundadora and Caleigh veins located north of the old El Tigre Mine (see Figure 1 Location Map).
The most significant new discovery and assay results come from a small underground exploration tunnel CO1-6775 located 150 meters along strike to the north of diamond drill hole ET-17-144 (see Figure 1 Location Map). The vein is exposed over a 6 meter strike length in the tunnels and 3 chip samples were taken across the vein. Sample ETU-110 returned 69.2 g/t gold equivalent consisting of 25.2 g/t gold and 3,296.2 g/t silver across a true width of 0.50 meters. The weighted average grade of three samples of the 0.50m wide vein is 49.9 g/t gold equivalent consisting of 19.9 g/t gold and 2,247.4 g/t silver. This newly discovered vein has been named the Caleigh Vein.
GOLDEN, CO, August 9, 2017 (GLOBE NEWSWIRE) ‐‐ Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE American and TSX: AUMN) is pleased to share a business update, including:
New property acquired expanding the footprint of the Santa Maria project holdings
2,000 meters drilling planned to test the strike extension of the Santa Maria vein system
Manager of Operations hired for Mexico
Results from Celaya project show, in three of seven holes recently drilled, intercepts of quartz vein material carry gold and silver grades that are within the range of economic interest
New option agreement recently announced with Hecla to extend the lease of the oxide processing plant at the Company’s Velardena Properties
Vancouver B.C. — August 2nd, 2017: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce the acquisition of the Sarape gold-silver project in central Sonora, Mexico. Sarape was identified through Evrim’s generative programs with reconnaissance exploration completed in early 2017. The project is 100% owned by Evrim with no underlying royalties and is located near excellent infrastructure with roads and power crossing the 5,776 hectare property.
Sarape is located in an emerging epithermal gold belt that hosts Premier Gold’s Mercedes Mine and First Majestic’s Santa Elena Mine.
“Sarape displays many similarities with Evrim’s Ermitaño project discovery where exploration partner First Majestic drilled 18 metres grading 11.4 g/t gold,” commented Charles Funk, Evrim’s Vice President of New Opportunities and Exploration. “Common to both projects are prominent outcropping broad veins with low to moderate grade gold and silver at surface. A key observation lies in the recognition of textures within the veins at surface which commonly occur above concealed high-grade ore-shoots.”
Arian Silver Corporation (“Arian” or the “Company”), the Mexico focused AIM quoted resource exploration and development company is pleased to report that it has commenced an auger drill programme on its lithium projects in Zacatecas. The drill programme is designed to test lithium grades and volumes at each of the Company’s three lithium projects, located in Zacatecas, Mexico.
The drill programme will test down to a vertical depth of approximately 20 metres and may be extended if warranted by initial observations.
The drill programme will be conducted by ODB, S.A. de C.V., a drilling company based in Mexico City, and overseen by Miguel Barahona, Arian’s Director of Operations in Mexico. The samples will be analysed by ALS Global in Zacatecas.
Southern Silver Exploration Corp (TSX-V: SSV; “Southern”) reported today on its surface float sampling program for the newly acquired Biznagas and Los Lencho claims located contiguous to the larger Cerro Las Minitas property, Durango State, Mexico.
These strategic claims were acquired and are being explored for possible epithermal vein systems, similar to productive veins at the nearby Avino Gold-Silver Mine and San Sebastian Mine which are different from the Skarn/CRD type mineralization identified at Southern’s flagship project Cerro Las Minitas.
Southern’s current surface program has been encouraging in this regard and has returned multiple float samples with strongly anomalous values of gold (0.25 to 1.28g/t Au), silver (11.6 to 57.2g/t Ag), arsenic (132 to 1155ppm), antimony (383 to 777ppm Sb) and mercury (6.1 to 45.9ppm Hg). Anomalous samples occur in three main clusters containing elevated silver values along a 7 kilometre NW-SE transect through the two claims as well as several other smaller target areas that require additional follow-up exploration.
MEXICAN GOLD CORP. (the “Company” or “Mexican Gold”) (TSX-V: MEX) is pleased to announce that Geofisica TMC SA de CV has been engaged to complete ground magnetic survey at the Cinco Senores mineralized zone at Las Minas.
The ground magnetic geophysical survey will target potential extensions to the high-grade intercept in step-out hole LM-17-CS-04, which intersected massive chalcopyrite grading 10.8 g/t gold, 41.7 g/t silver and 2.8% copper gold equivalent over 2.0 metres – see press release dated May 15, 2017. The strong chalcopyrite mineralized magnetite intercept was located approximately 100 metres west of mineralized intercepts outlined by earlier drilling and at the same elevation as the projected El Dorado /
Juan Bran skarn zone – see cross section in Figure 1. When combined with earlier drilling and sampling results, step-out hole LM-17-CS-04 is believed to be indicative of a potential El Dorado / Juan Bran type zone at Cinco Senores. The survey will also cover historical mine workings with associated magnetite mineralization. The high–grade values at Las Minas are associated with skarn-type alteration with high magnetite content.