Orla Mining Ltd. to Acquire Camino Rojo Project from Goldcorp Inc.


VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 21, 2017) – Orla Mining Ltd. (TSX VENTURE:OLA) (the “Company” or “Orla”) is pleased to announce that it has entered into an asset purchase agreement dated June 20, 2017 (the “Agreement”) with Goldcorp Inc. (“Goldcorp”) to acquire the Camino Rojo Project (“Camino Rojo”), a gold and silver oxide heap leach project containing 1.7 million ozs of gold reserves* located in Zacatecas State, Central Mexico for consideration to Goldcorp consisting of 31.9 million common shares (“Consideration Securities”) of Orla and a 2.0% NSR (the “Acquisition”). All of the mineral reserves and resources estimates herein are historical estimates and Orla is not treating such estimates as current. In addition, Orla and Goldcorp have agreed to enter into an option agreement regarding the potential future development of a sulphide operation at Camino Rojo whereby Goldcorp will, subject to the sulphide project meeting certain thresholds, have an option to acquire a 60% to 70% interest in such sulphide project at Camino Rojo (the “Sulphide Option”, as described below).

Key Highlights

  • Acquisition of a second high quality advanced oxide heap leach project: The Acquisition leverages management’s and the board’s extensive exploration, development and operating experience in Mexico
  • Significant mineral reserves and resources: 1.7 million ozs of oxide gold reserves and 4.0 million ozs of attributable Measured & Indicated gold resources1along with significant silver, lead, and zinc by-products*
  • Highly attractive acquisition cost: Based on the last closing price of Orla common shares, Orla is paying approximately US$16/oz for oxide gold reserves, with the sulphide resource providing long term optionality to create additional shareholder value
  • Large prospective land package: Over 200,000 hectares, potential to find additional oxide and sulphide mineral resources
  • Ejido agreements and strong community relationships in place



VANCOUVER, B.C. Almadex Minerals Limited (“Almadex” or the “Company”) (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce it has received assay results from holes EC-17-021 and EC-17-022 of the 2017 Norte Zone drilling program. EC-17-021 was drilled at an azimuth of 000 from a new pad, located about 285 meters to the south
from pad EC-16-010. Hole EC-17-022 was drilled from the same pad as hole EC-16-020 but to the north at an azimuth of 000 degrees. Hole EC-17-021 intersected significant mineralisation starting at a depth of 93 meters. Hole EC-17-022 helps define the mineralised zone along strike and provides a significant stepout from the previous hole drilled from this collar, EC-17-020. Highlights from holes EC-17-021 and 22 include the following intercepts which are also shown on the attached plan and sections:
Hole EC-17-021 NORTE ZONE, 000 Az, -60 dip
From 93.00 to 246.50, 153.50 meters @ 0.68 g/t gold and 0.27% copper
Including 95.50 to 179.50, 84.00 meters @ 0.96 g/t gold and 0.37% copper
From 273.00 to 440.00, 167.00 meters @ 0.27 g/t gold and 0.12% copper
Including 337.00 to 401.00, 64.00 meters @ 0.50 g/t gold and 0.21% copper
Hole EC-17-022 NORTE ZONE, 000 Az, -40 dip
From 120.91 to 376.55, 255.64 meters @ 0.26 g/t gold and 0.17% copper
Including 129.91 to 188.55, 58.64 meters @ 0.38 g/t gold and 0.23% copper
And 200.55 to 346.55, 146.00 meters @ 0.27 g/t gold and 0.18% copper
And 262.55 to 294.55, 32.00 meters @ 0.43 g/t gold and 0.24% copper

Mexican Gold Announces 3,000 Metre Diamond Drilling and Field Exploration Program at Las Minas


THUNDER BAY, ONTARIO–(Marketwired – June 20, 2017) – Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX VENTURE:MEX) is pleased to announce a 3,000 metre diamond drilling program for its Las Minas gold – copper – silver project. The drilling program targets expansion of the recently discovered mineralization at the Cinco Senores zone as well as step-out drilling at the El Dorado / Juan Bran zone to extend the on-strike and down-dip mineralization. Additionally, a field exploration program, consisting of trenching, sampling and mapping will be carried out at the Santa Cruz zone to test the upward continuation of the zone above the area of previous drilling. Trenching, sampling and mapping will also be undertaken at the Pueblo Nuevo concession to further outline the quartz veins recently sampled at the site.

Brian Robertson, President and CEO, stated, “The exploration program is focused on three high priority mineralized zones at Las Minas. The program combines a geophysical survey with expansion and discovery diamond drilling and preliminary field exploration work. We believe the program will expand the resource at El Dorado – Juan Bran and lead to the discovery of new zones of mineralization at both Cinco Senores and Santa Cruz. The Pueblo Nuevo concession, with its numerous historical high-grade mines, is a high-priority target area.”

Riverside Resources and Centerra Gold Complete Pitaya Target Drilling at the Glor Gold Project in Sonora, Mexico


VANCOUVER, BRITISH COLUMBIA, Jun 19, 2017 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 19, 2017) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99), has completed an initial nine-hole diamond core drilling program at the 4 km2 Pitaya Target within the 36 km² Glor Gold Project (the “Project”), which is being explored with funding by partner, Centerra Gold Inc. (“Centerra”). The Project hosts five key target areas and is located approximately 8 km west of Alamos Gold’s El Chanate Mine in Sonora, Mexico. The recently completed drill program focused on the Pitaya Target located in the north-eastern sector of the Project, which had been defined by partner-funded soil geochemistry and induced polarization geophysical surveys and then further investigated with mechanical trenching and chip-channel sampling (see Company press releases issued on February 15 and April 17, 2017).

Harvest Gold Confirms Presence of High Grade Gold/Silver Values at Cerro Cascaron; Adds La Cascarita Silver Target to Early Target List


Vancouver, British Columbia, June 15, 2017 Harvest Gold Corporation (TSX.V: HVG) (“Harvest Gold” or the “Company”) is pleased to provide initial rock sampling results from a recent 4-day site visit to the high-grade Cerro Cascaron gold/silver project in Mexico.  Harvest Gold can earn up to an 80% interest in Cerro Cascaron from Evrim Resources Corp. (“Evrim”).  The project covers 69 square kilometers in an historic Colonial-era mining district in the prolific Sierra Madre Occidental precious metals belt of western Chihuahua State, Mexico.

As part of its due diligence, Harvest Gold retained Mr. David Bent, P. Geo., as a geological consultant to visit the project. Mr. Bent was able to inspect most of the project and took nine rock samples from both the main gold vein field and a newly discovered, silver rich breccia and vein target called La Cascarita, located five kilometres west of the currently defined main gold field.  The rock samples twinned previous samples taken by Evrim to confirm previous assay results. Gold and silver sample locations and comparative assay results are provided below.

Telson Resources Inc. Announces Closing of the Purchase of the Campo Morado Mine, Guerrero State, Mexico from Nyrstar Mining Ltd.


Jun 14, 2017 (TheNewswire.ca via COMTEX) — (via TheNewswire)

Vancouver, British Columbia / TheNewswire / June 14, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that it has received final TSX Venture Exchange (“TSXV”) approval for and has closed its acquisition of the Campo Morado mine, located in Guerrero State, Mexico (the “Campo Morado Mine”). Further to its news release of April 27, 2017, Telson has closed the Share Purchase Agreement, as amended (the “Agreement”) with Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. (collectively “Nyrstar”) and has purchased all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the Campo Morado Mine, such that these subsidiary companies are now wholly-owned subsidiaries of Telson.

Under the terms of the Agreement, Telson will pay a total purchase price of US$20 million plus any Variable Purchase Price. US $800,000 was paid at signing of the Agreement, US $2.0 million was paid immediately before today’s closing, US $700,000 is due by June 30, 2017 and US $16.5 million is due by June 13, 2018, as the anniversary of closing.



Toronto, Canada (June 14, 2017) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to announce initial results from its surface channel sampling program at its Tenoriba project in Chihuahua, Mexico. The Company had announced earlier this year a program of infill PIMA sampling, drill road construction and channel sampling to better define drill targets following up on prior surface sampling and an IP and Magnetometer geophysics survey. At present six channels have been cut at Carneritos and the El Moreno areas of the property, areas separated one from the other by approximately three kilometres east to west (refer to Figure 1 – Channel Sample Location Map and Figure 2 – Carneritos and El Moreno Channel Samples) with additional channels being cut and others being excavated along with the drill road construction. Samples are available from one channel cut at El Moreno and two at Carneritos (refer to Table 1 – Channel Sample Results)

Prospero Provides Drill Update



May 30, 2017 — Vancouver, B.C. – Prospero Silver Corp (PSL.V; the “Company” or “Prospero”) is pleased to provide an update on planned drilling of the Matorral, Petate and Pachuca SE projects.

Prospero has selected a drill contractor for its planned 6,000m program on three projects. Drilling is scheduled to begin in late June. Prospero will first drill 4 holes at its Matorral project in the Santa Maria del Oro camp. The plan is then to drill 8 holes at its Petate project followed by 8 holes at Pachuca SE- project descriptions below. This drilling program is under the terms of Prospero’s strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero’s website.

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

During the 21st week of the year (May 22nd to May 28th, 2017), at least 25 press releases were announced by companies working in Mexico. ON EXPLORATION, Zenith announced sample results from its brine project in Zacatecas. The bulk of exploration press releases relate to work in Sonora, with San Marco commencing exploration of the Oregano project, Minaurum identifying two new structures at its Alamos Silver project (formerly La Quintera), Goldex presenting the exploration status of the Mingeo project, Oceanus presenting drilling results from El Tigre and Alix announcing metallurgical results for its Agua Fria project.  ON MINING, An illegal strike and union blockade paralyzed operations at First Majestic’s La Encantada mine in Coahuila, Fortuna Silver presented financial results for Q1 2017 and Torex reported a fatal accident at its Limon-Guajes mine in Guerrero. ON FINANCING, five companies announced some form of financing, with Evrim closing a private placement for $4.3 M, Arian raising £600 K, West Minster $678 K and Mexican Gold 1.8 M, Bacanora signing a subscription agreement for US$9.6 M and Coeur ending the purchase of 2021 tender notes for $117.9 M. ON RESOURCES AND DEVELOPMENT, Consolidated Zinc has defined new geophysical targets in Plomosas, Chihuahua, Marlin released high grade results from drilling within the pit area in La Trinidad mine in Sinaloa and Almadex Mnerals reported new drill results from El Cobre in Veracruz. ON DEALS AND CORPORATE ISSUES, Goldex entered into a LOI to acquire the Mingeo property in Sonora.


  • No relevant news.


  • Zenith Minerals Ltd. has released high grade lithium results from its Zacatecas brine project. Lithium is up to 1,046 ppm on the San Juan lagoon, where a 4 km x 2 km zone with sediment samples over 100 ppm was defined. A passive seismic survey confirmed the presence of a sedimentary basin beneath the surface salt lakes, with a layer 50 to 70 m thick recognized through the area and a yet unconfirmed deeper layer at 150-180 m of depth. A reservoir of brine has to exist to advance the project, with the next exploration steps involving an electrical based geophysical survey followed by drilling.
  • San Marco Resources Inc. commenced exploration at its Oregano project in Sonora. Within the 73 K hectares concession application there is a set of quartz veins interpreted as the shallow part of an epithermal system, with true widths of the veins appearing to be in the 5 to 15 m range. Vein textures include lattice, bladed and cockade features, with quartz varieties including chalcedony, opaline, silica replacing calcite and cryptocrystalline. Initial continuous diamond saw cut channel sampling has returned 23.5 m @ 0.33 g/t Au, 9 g/t Ag; 14.3 m @ 0.31 g/t Au, 5 g/t Ag; 31.4 m @ 0.12 g/t Au, 15 g/t Ag; 16.6 m @ 0.12 g/t Au, 10 g/t Ag.
  • Minaurum Gold Inc. identified two new well mineralized vein systems at its Alamos Silver project (La Quintera). The Europa-Palomas and El Tigre veins lie in a down-faulted block, and their structural model indicates a high level system. The Europa-Palomas vein system can be traced for 1.4 km, with Chips and dumps sampling returning up to 1,085 g/t Ag, 1.3% Cu, 3.1% Pb, 5.3% Zn. The El Tigre vein has been mapped for over 800 m, and chip sampling has returned up to 438 g/t Ag, 0.3% Cu, 1.6% Pb, 11.5% Zn.
  • Goldex Resources Corp. presented the exploration status of the Mingeo property, which it has under a letter of intent (LOI). The property “lies within the carbonate rocks of the Mural or Morita Formation Cretaceous siltstones and Paleozoic carbonate sedimentary rocks of the Sonoran Bisbee-Cananea rift basin. One of the main mineralized structures consists of a low angle dipping quartz epithermal vein/manto with approximately 15° to 20° dip to the NE and a thickness that ranges from 0.50 to approximately 3 metres. Mineralization has been observed to comprise medium grained disseminated pyrite, arsenopyrite, minor chalcopyrite and rare galena”.
  • Oceanus Resources Corp. reported recent drilling assay results from its El Tigre property in Sonora: 67.6 m @ 1.24 g/t Au, 19 g/t Ag (including 23.4 m @ 2.77 g/t Au, 40 g/t Ag); 37.7 m @ 0.62 g/t Au, 12 g/t Ag; 9.0 m @ 0.18 g/t Au, 125 g/t Ag.
  • Alix Resources Corp. announced metallurgical results from lithium bearing clays at its Agua Fria project in Sonora. The acid leach process achieved 99% extraction over four hours with no roasting or expensive reagents required.


  • First Majestic Silver Corp. announced “that a rogue group of union workers have halted activities and blocked the access at the La Encantada mine in Coahuila. The illegal blockade arose after some of the unionized individuals did not agree with the bonus that the company and the National Union of Miners, Metallurgists, Steelworkers and Similar Workers of Mexico (National Union), agreed to offer the miners in lieu of profit sharing.”
  • Fortuna Silver Mines Inc. reported financial results for the first quarter 2017. At San Jose in Oaxaca 267.3 K tonnes were milled (3,108 tonnes per day, or TPD) @ 226 g/t Ag, 1.67 g/t Au, recovering 92% and 91% respectively to produce 1.79 M Oz Ag, 13,116 Oz Au at cash cost $1.35 and AISC $6.61 per silver ounce net of by-product credits. Cash and cash equivalents stood at 191.2 M at the end of the period.
  • Torex Gold Resources Inc. reported a fatal accident at its El Limon-Guajes mine in Guerrero. An employee of a contractor was fatally injured when its truck rolled down a berm on El Limon Sur pit.


  • Evrim Resources Corp. has closed its private placement for gross proceeds of $4.3 M (Ermitaño, Sonora; Cerro Cascaron, Chihuahua).
  • Bacanora Minerals Ltd. has entered into a subscription agreement with Capital Research and Management Co. under which Capital will subscribe Bacanora shares for US$9.6 M (Sonora, Lithium project, Sonora).
  • Coeur Mining Inc. announced the expiration date of the previously announced cash tender offer to purchase its 7.85% senior notes due 2021, with $117.9 M of the notes validly tendered, or 66.2% of the 2021 outstanding notes (Palmarejo, Chihuahua).
  • Arian Silver Corp. has raised £600 K before expenses (lithium properties, Zacatecas).
  • Westminster Resources Ltd. closed the first tranche of a private placement, raising gross proceeds of $978 K, and expects to close a second tranche of up to an additional $462 K (El Cobre, Sonora).
  • Mexican Gold Corp. closed a non-brokered private placement for gross proceeds of 1.8 M (Las Minas, Veracruz)


  • Consolidated Zinc Ltd. has defined new geophysical targets by reprocessing the magnetic and gravity data collected during the 2016 survey on its Plomosas project in Chihuahua. One of the main points is the interpretation of an intrusive body at depth that could explain the origins of mineralization in the Plomosas mine area. Geochemical vectoring is also being evaluated to assist in determining the presence of such intrusive body.
  • Marlin Gold Mining Ltd. released high grade drill results from the south part of the Taunas pit on its Trinidad mine in Sinaloa. Intercepts include 63.35 m @ 7.57 g/t Au (including 10.0 m @ 29.3 g/t Au); 11.90 m @ 2.53 g/t Au; 10.0 m @ 1.12 g/t Au.
  • Almadex Minerals Ltd. released assay results from drilling at the Norte zone in its El Cobre project in Veracruz. Intercepts results comprise 45.0 m @ 0.65 g/t Au, 0.28% Cu in one hole, and 378 m @ 0.65 g/t Au, 0.28% Cu (including 74.8 m @ 0.65 g/t Au, 0.25% Cu; 28.6 m @ 1.31 g/t Au, 0.57% Cu; 96 m @ 0.76 g/t Au, 0.28% Cu; 59.4 m @ 0.95 g/t Au, 0.33% Cu) in another hole.


  • Goldex Resources Corp. has entered into a Letter of Intent (LOI) for an option to acquire a 51% interest in the Mingeo property with Mingeo International S.A. de C.V. by spending US$500 K by April 2020, and another US$500 K by 2022. The Property consists of six concessions totaling approximately 1947 hectares and is located within the major porphyry belt of Sonora.

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, irregular oxidized sulfide veining in a felsic volcanic rock, Central Chiapas. Photo by Jorge Cirett.

Oxidized sulfide veinlet, La Javia SE, 2m from sample 18595

Almadex Hits 227.00 meters of 0.57 g/t Gold and 0.25% Copper Including 74.80 meters of 0.65 g/t Gold and 0.32% Copper and 96.00 meters of 0.76 g/t Gold and 0.28% Copper in Hole EC-17-020 at the Norte Zone


VANCOUVER, BC–(Marketwired – May 24, 2017) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce it has received assay results from holes EC-17-019 and EC-17-020 of the 2017 El Norte drilling program. EC-17-020 was drilled at an azimuth of 330 from a new pad, located about 400 meters to the southwest from pad EC-16-017. Hole EC-17-019 was drilled from the same pad as hole EC-16-017 but to the north into a new area and also at azimuth 330 degrees. Both holes were designed to be on the same section as the previously announced EC-16-017 in order to better define the geology in this area. Hole EC-17-019 terminated due to bad drilling conditions at 295.90 metres depth in intensely phyllic altered rock and had no significant intervals to report. Hole EC-17-020, like hole EC-16-017, intersected significant mineralisation from the collar. Hole EC-17-020 helps define the mineralised zone as a vertical body in this area with a width of around 300 meters