CONSOLIDATED ZINC LTD. – $1.96M PLACEMENT TO ACCELERATE DRILLING PROGRAMS

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  • Consolidated Zinc (CZL) has received firm commitments for a Placement of $1.96 million from new and existing investors
  • Demand has been driven by the recently announced successful Scoping Study and newly identified exploration areas within and outside the mine which includes high grade intercepts well below the current development
  • CZL commenced a significant circa 70 hole drilling program in late November with 3 rigs undertaking extensional and resource definition drilling high grade Plomosas Zinc Project, along with the testing of further regional targets nearby
  • First assays are due shortly and further assays will continue for the next few months
  • Regional exploration demonstrating early success with the recently announced high grade assays of up to 42.72% Zn+Pb from mineralised exposures at the nearby Juarez mine
  • Funding will accelerate the drilling campaign to expand the existing Resource at Plomosas

Consolidated Zinc Ltd (“CZL” or the “Company”) is pleased to announce it has received firm commitments to place 163,455,050 fully paid ordinary shares at $0.012 per share (with a free 1 for 3 unlisted 2.5c, 31 December 2020 option), to raise $1.96 million before costs (“Capital Raising”). The issue has been offered to institutional and sophisticated investors in Australia and will be completed in two tranches. The first tranche of 107,681,717 shares will utilise the Company’s available 15% capacity and settle by 20 December 2017. The second tranche of 55,773,333 shares and 54,485,013 options (consisting of all free attaching options from tranche 1 and tranche 2 placements) will be subject to shareholder approval and so completed, once that has been obtained.

MAMMOTH RESOURCES ANNOUNCES CLOSING ON $720,000 PRIVATE PLACEMENT AND COMMENCEMENT OF DIAMOND DRILLING AT ITS TENORIBA GOLD-SILVER PROJECT, CHIHUAHUA, MEXICO

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Toronto, Canada (December 14, 2017) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) of up to 8,000,000 units (the “Units”) of Mammoth at $0.09 per Unit, for gross proceeds of up to $720,000. Each Unit consists of one common share (a “Common Share”) and one common share purchase warrant (the “Warrant”) of the Company. Each Warrant will entitle the holder thereof to acquire one Common Share up to 18 months following closing of the Private Placement, at an exercise price of $0.13. The gross proceeds of the Private Placement will be used to diamond drill up to 3,000 metres testing up to 24 targets along a 5 kilometre trend of gold-silver mineralization at the Company’s Tenoriba, High Sulphidation gold-silver project in the Sierra Madre region of southwestern Chihuahua State, Mexico (refer to press release dated October 25, 2017) and for other working capital purposes.

Chesapeake Gold Provides Yarely Drilling and Exploration Update

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Chesapeake Gold Corp. (“Chesapeake”) is pleased to provide an update of the Phase 1 drilling and district wide exploration program at its regional Yarely project (“Yarely”) in Sinaloa State, Mexico. Yarely is strategically located 10 kilometres from a paved highway and within 25 kilometres of the proposed Metates processing plant site. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world and is 100% owned by Chesapeake.

Excellon Commences 2018 Exploration Program At Platosa And Appoints New Director

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Toronto, Ontario – December 14, 2017 – Excellon Resources Inc. (TSX:EXN, EXN.WT and EXN.WT.A; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce the commencement of an extensive surface exploration program on the 21,000-hectare Platosa Property in Durango, Mexico targeting further extensions to the Platosa Mine system and new manto and skarn discoveries.

Almadex Intersects Enriched Copper at Raya Tembrillo (Villa Rica) Cuts 94.00m of 1.36% Copper and 0.07 g/t Gold Including 43.00m of 2.45% Copper and 0.09 g/t Gold

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VANCOUVER, B.C. Almadex Minerals Limited (“Almadex” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pl eased to announce it has received assay results from holes EC-17-036 and 041 from the Raya Tembrillo areawhich is the very northern part of the large Villa Rica Zone of the El Cobre property. This area is located approximately two kilometers south of the Norte Zone where since 2016 most of our drilling on the El Cobre property has been focussed. The holes reported today were drilled from the same pad as holes EC-17-037, 038 and 039 but at different azimuth and dips. Both holes intersected a chalcocite dominant enriched copper zone right from surface as well as hypogene mineralisation at depth. At this time the extent and orientation of both the hypogene and enriched mineralisation are not understood.

EXTENSIVE HIGH-GRADE ZINC & LEAD

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Successful Resource Drill-Out Campaign Nearing Completion
HIGHLIGHTS:
• Wide zones of high-grade zinc & lead mineralisation intersected, including:
 OPDH-004 6.9m @ 13.1% Zn+Pb from 42.2m
 OPDH-007 4.3m @ 11.4% Zn+Pb from 25.2m
 OPDH-008 16.6m @ 18.2% Zn+Pb from 21.2m
 OPDH-012 5.4m @ 12.9% Zn+Pb from 2.6m
 OPDH-015 6.4m @ 16.3% Zn+Pb from 1.5m
 OPDH-019 3.9m @ 14.7% Zn+Pb from 15.7m
• Width and grade of mineralised zone is meeting Management’s expectations and mineralisation remains open
• 62 holes drilled for 3,661m – second half of resource drill-out program progressing well
• Samples for 43 holes have been submitted for analysis, with assays received for 19 of these holes – further results are expected shortly
• Azure remains on track to deliver high grade zinc-lead maiden mineral resource estimate by March-April 2018

 

 

 

 

Leagold Completes Drill Program and Continues Development of Bermejal Underground

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Vancouver, December 12, 2017 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or “the Company”) has completed the Bermejal Underground drill program at the Los Filos mine in Mexico. The program totalled 56,191 metres in 111 holes. Highlights of 10 new holes include 7.0 grams per tonne (“gpt”) over 16.0 metres, 11.0 gpt over 8.6 metres, and 8.4 gpt over 10.6 metres (all capped grades and true widths; see Table 1). These results follow 86 holes previously reported. The remaining 15 holes are in the process of being sampled and assayed.

Mexican Gold Intersects 7.18 g/t Gold Equivalent (2.00 g/t Au, 13.13 g/t Ag, 3.05% Cu) Over 14.0 Meters at Las Minas Dike Contact Zones

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Drilling Extends Cinco Senores flat lying skarn zone to 220 metres

THUNDER BAY, Ontario, Dec. 12, 2017 (GLOBE NEWSWIRE) — Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) has intersected significant mineralization in four recently completed holes to test the dike contact mineralized zones at the Las Minas property. All holes returned wide intervals of high-grade mineralization, including 7.18 grams/ tonne gold equivalent (g/t Au Eq) (2.00 g/t Au, 13.13 g/t Ag, 3.05% Cu) over 14.0 metres in hole LM-17-ED-41.

Riverside Resources and Centerra Commence Drill Program at the Glor Gold PROJECT in Sonora, Mexico

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December 11, 2017 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI), is pleased to announce that partner, Centerra Gold Inc. (“Centerra”), has commenced a 1,200+ metre drill program at the Glor Project (the “Project”). Roadwork and other preparations have been completed to access new drill targets within the Puerto El Alamo target area. This campaign will focus on gold targets that have been developed in the past 8 months by exploration programs that included detailed mapping, a detailed soil geochemistry survey, two ground magnetics surveys and an induced polarization survey. Centerra has been funding exploration work at the 48 km2 Glor Project since it entered into an option to joint venture agreement with Riverside in 2016 (see RRI news release dated July 26, 2016).

COLIBRI REPORTS SIGNIFICANT ASSAY RESULTS ON ITS PITAYA PROPERTY

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DIEPPE, N.B., Dec 11, 2017. (CBI: TSX-V) Colibri Resource Corporation (Colibri) is pleased to announce drill results for the Pitaya project, Sonora, Mexico as received from joint venture partner, Agnico Eagle Mines Limited (Agnico Eagle). Pitaya is a joint venture project with Agnico Eagle and is immediately adjacent to and on strike from Fresnillo’s Tajitos discovery, in which greater than 328,000 ounces of gold have been announced.  Agnico Eagle is the operator of the Pitaya Project and currently holds 66.33% of the joint venture with Colibri controlling 33.67%  Agnico Eagle has had two drills operating at Pitaya (see press release dated April; 10, 2017); a total of 7286.55 meters in 26 drill holes were drilled in the most recent campaign and assays
have been received for 23 holes to Nov. 30, 2017. Drilling is still in progress.