Plomosas Mine- Extensional Drilling Hits Massive Sulphide Mineralisation

http://www.consolidatedzinc.com.au/wp-content/uploads/2017/08/170817-Extensional-Drilling-Hits-Massive-Sulphide-Mineralisation.pdf

Consolidated Zinc Limited (ASX:CZL, “the Company”) has successfully intersected massive sulphide mineralisation and grades up to 34.7% Zn + Pb during resource expansion drilling at its high grade Plomosas Zinc Project in Mexico.
Drilling is designed to extend and infill the current JORC mineral resource at Tres Amigos and Tres Amigos North, and has continued to intersect significant zinc-lead mineralisation where predicted.
The JORC Resource upgrade and Scoping Study are on-track for release in the third quarter of 2017.
Resource Drilling Highlights
Extension drilling to the south of the 140 metre strike zone previously described between two highgrade holes has found multiple zones of massive mineralisation (LV5025 and LV5026).
The best intercepts include:
 LV5025 1.50m at 8.04 % Zn, 0.01% Pb, 7.33 g/t Ag
and 1.35m at 34.71 % Zn, 0.01% Pb, 18.80 g/t Ag
 LV5026 0.50m at 9.37 % Zn, 0.27% Pb, 13.30 g/t Ag
and 1.00m at 7.16 % Zn, 0.43% Pb, 10.70 g/t Au

AZURE BUYS NEW HIGH GRADE PROJECT

http://azureminerals.com.au/wp-content/uploads/2017/08/170815-Acquisition-of-Oposura-Zinc-Lead-Silver-Project-1.pdf

Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce that it has acquired immediate 100% ownership of the Oposura Zinc-Lead-Silver Project (“Oposura”), located in the northern Mexican state of Sonora.
Oposura is an advanced-stage project containing high grade, massive sulphide-hosted, zinc, lead and silver mineralisation, and this acquisition clearly delivers on Azure’s strategy of securing its next flagship project.
Azure’s Managing Director, Mr Tony Rovira said, “Throughout 2017, Azure has had the clear focus to acquire the next flagship project for the Company. This was all about getting the right project for the right deal, and with this acquisition we have done just that. Projects of this quality are rare and keenly sought after, and I’m pleased that we have succeeded in acquiring the advanced stage, precious and base metal project that we’ve been seeking.

Telson Resources Inc. Delivers Second Shipment of Concentrates from Tahuehueto Pre-Production Plan

https://www.telsonresources.com/images/NewsReleases/2017_News_Releases/TSN_NR_162_Aug14_2017.pdf

Vancouver, British Columbia, August 14, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that the second shipment of lead and zinc concentrates processed at the Atocha mineral processing plant (the “Atocha Mill”) has been delivered to Mercuria Commodities Trading, S.A. de C.V. (“Mercuria”) as per the concentrate purchasing arrangement first announced in the
Company’s news release of July 6, 2017.
Six concentrate transport trucks departed Atocha Mill site on Aug 11, 2017 carrying four loads of zinc concentrate, totaling approximately 129 dry tonnes and two loads of lead concentrate, totaling approximately 62 dry tonnes.
Pre-production concentrate delivered and/or, en-route to Mercuria as of Aug 11, 2017 total approximately 227.5 dry tonnes of zinc concentrate and 128.7 tonnes of lead
concentrate.

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

During the 30th week of the year (July 24th to July 30th, 2017), with the presentation of second quarter reports, at least 26 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, gold production decreased 1.7% in 2016 to 4.26 M Oz, but US$2,846 M is to be invested in gold projects between 2017 and 2020. ON EXPLORATION, in Sonora Riverside released first phase exploration results at Cecilia; Aztec released historical drilling results on its Cervantes property. In Durango Southern Silver released drilling results from its Cerro Las Minitas project. In Zacatecas Arian Silver commenced an auger drilling program on its lithium projects; Goldcorp updated exploration efforts in the Altiplano; Zenith completed drilling for lithium in the San Juan salt pan, results pending. In Veracruz Almadex released high grade gold-copper results from continuing drilling at El Cobre. ON MINING, Avino Silver, Americas Silver, Coeur, Goldcorp and Agnico Eagle presented production results for the second quarter of 2017. Great Panther applied for a permit on its tailings facility at Topia, in Durango. ON FINANCING, Torex Gold signed an amended agreement on a credit facility for US$400 M; Santacruz closed the first tranche of a non-brokered private placement for $935 K ON RESOURCES AND DEVELOPMENT, Candelaria submitted a MIA (environmental application) on its Caballo Blanco property in Veracruz. Excellon reported high-grade drilling results from its Platosa mine in Durango. ON DEALS AND CORPORATE ISSUES, Goldcorp and Evrim reached an agreement on La Pinta 6 concession in Zacatecas.

ON MEXICO ISSUES

  • Camimex (Cámara Minera de México) informed 12 companies are to invest US$2,846 M in gold projects between 2017 and 2020 in Mexico, with Torex Gold, Goldcorp and Fresnillo PLC leading the list. Present and coming projects include the expansion of Pan American’s Dolores mine expansion (Durango, 112 M), Argonaut’s San Agustin (Durango, 43 M), Alamos Gold’s La Yaqui (Sonora, 12 M), Torex’s Media Luna (Guerrero, 482 M), Goldcorp’s sulfide leach plant at Peñasquito (Zacatecas, 420 M), Fresnillo’s Orisyvo (Chihuahua, 350 M) and the Fresnillo and Mag Silver’s JV on Juanicipio (Zacatecas, 305 M). In 2016, Mexico produced 4.26 M Oz, a 1.7% reduction on the previous year.

ON EXPLORATION

  • Arian Silver Corp. commenced an auger drill program on its lithium projects in Zacatecas. The properties to be auger drilled down to a vertical depth of 20 m are Pozo Hondo, Columpio and Abundancia, to test lithium grades and volumes.
  • Almadex Minerals Ltd. released results from its more recent drill hole at the Norte zone of its El Cobre property in Veracruz. From 204.1 m an interval of 431.9 m @ 0.86 g/t Au, 0.27% Cu was intercepted, including 40.45 m @ 1.38 g/t Au, 0.43% Cu; 46.2 m @ 1.04 g/t Au, 0.29% Cu; 70.45 m @ 2.32 g/t Au, 0.59% Cu.
  • Aztec Minerals Corp. pretends to drill test its Cervantes property in Sonora by September or October. Results of past drilling by Peñoles on the California target in 1996 include 22.1 m @ 0.21 g/t Au; 23.0 m @ 0.40 g/t Au; 99.4 m @ 0.40 g/t Au (including 29.5 m @ 0.74 g/t Au; 88.1 m @ 0.42 g/t Au (including 16.8 m @ 1.16 g/t Au; 141.1 m @ 0.41 g/t Au (including 40.9 m @ 0.96 g/t Au); 42.6 m @ 0.47 g/t Au. A 50 x 50 m soil survey was completed the previous week on the Jasper copper target, where the IP anomaly of the California target continues. A total of 60 rock chip samples were recently collected at two additional copper oxide locations, and a channel sampling program across the gold soil anomaly will commence shortly on the California target.
  • Goldcorp Inc. released an exploration update on the Altiplano around its Peñasquito mine in Zacatecas. Exploration was focused on ground validation of 13 targets identified on the first quarter, as well as regional rock chip and selective leach soil sampling at a 1 km grid spacing near the mine. Biogeochemical sampling of creosote plants is also to be used. A 15,000 m program of reverse circulation (RC) holes to the top of bedrock is to evaluate targets overlain by Tertiary cover in several valleys. Detailed mapping and re-logging of core from the Noche Buena and Santa Rosa projects was carried out.
  • Riverside Resources Corp. released results from the first phase of exploration at its Cecilia project in Sonora. The second batch of samples include 8.0 and 9.7 m wide zones at the North Breccia zone averaging 3.90 g/t Au and 1.2 g/t Au respectively. About 400 m SW from the North Breccia zone a fault zone assayed 5.4 g/t Au over 3.0 m. Several priority drill targets have been selected and the process for drill permitting has started. The target is a low sulfidation epithermal mineralization system within and beneath a felsic volcanic flow-dome complex which has been defined in an area of 1,200 x 400 m, and over 400 m of vertical span.
  • Southern Silver Exploration Corp. released recent results from its current drilling campaign at Cerro Las Minitas, Durango. The last hole intersected 12.5 m true width (TW) @ 154 g/t Ag, 2.0 g/t Au, 3.2% Pb, 3.9% Zn (including 3.0 m TW @ 329 g/t Ag, 4.6 g/t Au, 7.4% Pb, 7.3% Zn); 9.2 m @ 220 g/t Ag, 0.3% Cu, 3.6% Pb, 5.4% Zn.
  • Zenith Minerals Ltd. completed a shallow drilling program at the Zacatecas Lithium project. The 11 auger holes reached a maximum of 27 m of depth at the San Juan salt pans, recovering sediment and brine samples. The brines were within 5 to 15 m of the surface. Drilling results are expected within four weeks.

ON MINING

  • Avino Silver & Gold Mines Ltd. reported second quarter 2017 production results from its Avino property in Durango. At the Avino mine 115.5 K tonnes were mined, 117.4 K tonnes milled @ 76 g/t Ag, 0.53 g/t Au, 0.49% Cu, recovering 84% Ag, 69% Au, 89% Cu to produce 241.7 K Oz Ag, 1,384 Oz Au, 1.13 M Lb Cu. At the San Gonzalo mine 21.2 K tonnes were mined, 20.1 K tonne milled @ 277 g/t Ag, 1.19 g/t Au, recovering 81% Ag, 74% Au to produce 144.3 K Oz Ag, 570 Oz Au.
  • Americas Silver Corp. provided second quarter 2017 production results, including figures from its Cosalá operations in Sinaloa. At Cosalá 134.8 K tonnes of ore were milled @ 66 g/t Ag to produce 242.5 K Oz Ag, 273.5 K Lb Cu, 1.35 M Lb Pb, 2.9 M Lb Zn, or 564.1 K Oz AgEq at cash cost ($2.43) and AISC ($2.43).
  • Coeur Mining Inc. reported second quarter 2017 financial results, including figures from its operations in Mexico. At Palmarejo in Chihuahua 335.8 K tons were mined @ 155 g/t Ag, 2.49 g/t Au, with 335.4 K tons milled and a recovery rate of 87.3% Ag, 91.1% Au to produce 1.45 M Oz Ag, 24,292 Oz Au. Mining rates were 2,600 tons per day (tpd) at Guadalupe and 1,000 tpd at Independencia. Exploration expenses during the quarter were $3.1 M, to accelerate resource expansion and new target definition efforts.
  • Goldcorp Inc. released its second quarter 2017 results, without detail on figures from its various operations in several countries, including Mexico. The by-product cash cost per gold ounce was $510 and all-in sustaining cost (AISC) $800 per gold ounce.
  • Agnico Eagle Mines Ltd. reported second quarter 2017 results, including information on its Mexican operations. At Pinos Altos in Chihuahua 620 K tonnes were processed (6,811 tpd) @ 2.65 g/t Au, to produce 48,196 Oz Au at cash cost $595 per Oz Au and total cash cost of $373 per Oz Au. In late June a new silver flotation circuit was commissioned, and a 10-12% increase in silver recovery is expected. At Creston Mascota, which operates as a satellite operation to Pinos Altos, 596 K tonnes were processed (6,554 tpd) @ 1.17 g/t Au, to produce 12,074 Oz Au at cash cost $610 per Oz Au and total cash cost $550 per Oz Au. Recent drilling of the Bravo and Madrono zones at Creston Mascota has intersected 18.2 m (TW) @ 1.6 g/t Au; 5.4 m @ 10.9 g/t Au; 12.3 m @ 1.7 g/t Au; 10 m @ 1.4 g/t Au; 13.6 m @ 1.4 g/t Au; 13.6 m @ 1.9 g/t Au; 3.5 m @ 4.2 g/t Au; 8.2 m @ 2.5 g/t Au; 5.4 m @ 3.3 g/t Au. At La India in Sonora, 1.33 M tonnes were processed (14,605 tpd) @ 0.65 g/t Au, to produce 24,211 Oz Au at cash cost $617 per Oz Au and total cash cost $552 per Oz Au. The company is evaluating location options to construct additional pad capacity. At the El Barqueño project in Jalisco, 18,200 m of drilling were completed in 55 holes, focusing on the extension of the Azteca-Zapoteca zone, as well as at the Tecolote, San Diego and Olmeca prospects.
  • Great Panther Silver Ltd. has resubmitted the permit application in connection with the Phase II Tailings Storage Facility (TSF) at Topia, Durango, and expects a response with 60 days from SEMARNAT. Normal operations will continue using the existing Phase I TSF, although the deposition of dry tailings cannot continue indefinitely and avoidance of disruption cannot be assured.

ON FINANCING

  • Torex Gold Resources Inc. signed an amended and restated credit agreement with BNP Paribas, Commonwealth Bank of Australia, ING Capital LLC and SG Americas Securities, in connection with the previously announced secured US$400 M debt facility (Los Guajes-El Limon).
  • Santacruz Silver Mining Ltd. closed the first tranche of the previously announced non-brokered private placement for gross proceeds of $935 K (Rosario, Cinco Estrellas in San Luis Potosi).

ON RESOURCES AND DEVELOPMENT

  • Candelaria Mining Corp. submitted the environmental Impact assessment report (MIA) to SEMARNAT (Mexican environmental authority). The company has already received an exploration permit for a 2,000 m program at the La Paila zone, which holds the current resource. Exploration permits for 7,500 m of drilling on several other areas are under preparation. Additional metallurgical test work, re-design of the conceptual pit, resource update, water supply studies and ore and waste rock characteristic studies are to be advanced.
  • Excellon Resources Inc. reported high-grade drilling results from the current program at the Platosa mine in Durango, of which 15,000 m have been completed on 120 drill holes from surface and underground. Relevant intersections include 2.19 m @ 104 g/t Ag, 2.6% Pb, 1.2% Zn; 3.45 m @ 124 g/t Ag, 5.2% Pb, 5.2% Zn; 6.76 m @ 886 g/t Ag, 8.8% Pb, 20.5% Zn; 1.45 m @ 2,995 g/t Ag, 16.4% Pb, 0.9% Zn; 1.06 m @ 1,171 g/t Ag, 9.3% Pb, 2.9% Zn; 3.70 m @ 1,600 g/t Ag, 6.4% Pb, 8.7% Zn; 1.80 m @ 316 g/t Ag, 3.2% Pb, 0.9% Zn; 1.30 m @ 287 g/t Ag, 6.3% Pb, 0.6% Zn; 1.27 m @ 3,574 g/t Ag, 28.2% Pb, 18.7% Zn; 2,10 m @ 1,238 g/t Ag, 5.3% Pb, 2.9% Zn.

ON DEALS AND CORPORATE ISSUES

  • Goldcorp Inc. reached an agreement with San Marco Resources Inc. to acquire the La Pinta 6 concession, adding 80 Km2 contiguous to Noche Buena, providing early stage targets.

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, kaolin mine in argillitized tuffs in eastern Chihuahua. Photo by Jorge Cirett.

DSCN7036

MX Gold Corp. Corporate Update on Magistral from CEO

http://www.nasdaq.com/press-release/mx-gold-corp-corporate-update-on-magistral-from-ceo-20170725-00753

VANCOUVER, British Columbia, July 25, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that, in its Joint Venture with GracePoint Mining Corp, a subsidiary of Firma Holdings Corp. (OTC:FRMA), the Magistral project is progressing on schedule.

The MX/GPM/AMM Joint Venture project development is currently based on two distinct focus areas (The Deviation Channel and Plant Site Re-Construction).

Telson Resources Inc. Initiates Activities for Restart of Mining Operations at Campo Morado and Closes Final Tranche of Private Placement

http://www.telsonresources.com/images/NewsReleases/2017_News_Releases/TSN_NR_158_Jul20_2017.pdf

Vancouver, British Columbia, July 20, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that it has closed the final tranche of the private placement as announced in a press release dated June 14, 2017 and accordingly has issued 1,732,691 shares at 55 cents per share, and paid an additional US$700,000 to Nyrstar Mining which concludes all payments that were currently due under the agreement terms as summarized in the former referenced press release.
The funding was received from Estratégica Corporativa en Finanzas, a related party of the Company. The related party is a significant shareholder with a control position in the Company, for which the Company previously received shareholder consent in late 2015, in accordance with TSXV policy. The issuance of private placement securities to a ‘non-arms’ length party also constitutes a related-party transaction under  Multilateral Instrument 61-101 (“MI 61-101”). Because the Company’s shares trade only on the TSXV, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and fits within an exemption from the minority approval requirements of Section 5.6 of MI 61-101.

Almaden Drills Further New High Grade Mineralisation Within and Outside PFS Pit, Hits 8.40 Meters of 0.35 g/t Gold, 1035.0 g/t Silver and 8.50 Meters of 1.05 g/t Gold and 511.4 g/t Silver

https://www.efe.com/efe/english/news-release/almaden-drills-further-new-high-grade-mineralisation-within-and-outside-pfs-pit-hits-8-40-meters-of-0-35-g/50000339-MULTIMEDIAE_3329093

VANCOUVER, BC–(Marketwired – July 18, 2017) – Almaden Minerals Ltd. (“Almaden” or “the Company”) (TSX: AMM)(NYSE MKT: AAU) is pleased to announce new assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. Results reported today are from drill holes TU-17-494, 495, 496 and 497 drilled on sections 10+500 and 10+775 East. Holes TU-17-494, 495 and 496 intersected significant mineralisation and veining inside or immediately outside of the 2017 PFS pit north of the Main Ixtaca Zone. Hole TU-17-497 expanded the Main Ixtaca Zone to depth. Highlights from these drillholes include the following intercepts:

Hole TU-17-494  SECTION 10+775 EAST Az. 330, Dip -74
18.25 meters @ 0.69 g/t Au and 262.7 g/t Ag Ixtaca North Zone
Including 8.50 meters @ 1.05 g/t Au and 511.4 g/t Ag Ixtaca North Zone
26.00 meters @ 0.19 g/t Au and 346.1 g/t Ag Ixtaca North Zone
Including 8.40 meters @ 0.35 g/t Au and 1035.0 g/t Ag Ixtaca North Zone
Including 4.90 meters @ 0.23 g/t Au and 1704.2 g/t Ag Ixtaca North Zone
Hole TU-17-495  SECTION 10+500 EAST Az. 150, Dip -70
21.00 meters @ 1.57 g/t Au and 49.0 g/t Ag Ixtaca North Zone
Including 1.85 meters @ 10.49 g/t Au and 481.5 g/t Ag Ixtaca North Zone
11.00 meters @ 1.85 g/t Au and 106.5 g/t Ag Ixtaca North Zone
Including 2.20 meters @ 8.13 g/t Au and 498.7 g/t Ag Ixtaca North Zone
26.10 meters @ 0.80 g/t Au and 9.4 g/t Ag Ixtaca North Zone
Including 7.05 meters @ 1.73 g/t Au and 12.6 g/t Ag Ixtaca North Zone
Hole TU-17-496  SECTION 10+775 EAST Az. 330, Dip -85
23.50 meters @ 0.26 g/t Au and 65.8 g/t Ag Ixtaca North Zone
Hole TU-17-497  SECTION 10+775 EAST Az. 150, Dip -55
19.25 meters @ 1.05 g/t Au and 73.5 g/t Ag Main Ixtaca Zone
Including 4.80 meters @ 3.43 g/t Au and 232.1 g/t Ag Main Ixtaca Zone

AMERICAS SILVER CORPORATION PROVIDES AN UPDATE ON THE SAN RAFAEL PROJECT 

http://www.americassilvercorp.com/i/pdf/nr/nr20170717.pdf

TORONTO, ONTARIO – July 17, 2017 – Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS) (“Americas Silver” or the “Company”) is pleased to provide a construction update on its 100% owned and fully funded San Rafael development project located in Sinaloa, Mexico.

Budget & Timeline

Construction commenced in early Q4, 2016 with an estimated initial capital expenditure of US $22 million based on the March 30, 2016, San Rafael pre-feasibility study. The initial capital estimate was subsequently reduced to US $18 million due to project optimization related to the mill expansion, refurbishing existing equipment and ramp development, as well as favourable movements in the Mexican peso. As at June 30, 2017, the Company has spent approximately $10.5 million of the revised budget and expects to have sufficient cash on hand and cash flow generated from continuing operations to fund the project development.

Management expects that initial processing of material at the existing Los Braceros mill will occur by mid-September. The initial targeted throughput of 1,500 tonnes per day from the pre-feasibility study is expected early in Q4, 2017. In early 2018, management will evaluate a potential mill expansion based on realized mill throughput of the San Rafael ore, achievable future mining rates and current metal prices.

San Rafael is expected to deliver average annual production of 1 million ounces of silver, 50 million pounds of zinc and 20 million pounds of lead over a 6 plus year mine life at negative all-in sustaining costs based on current reserves and metal prices. The project is expected to have an IRR of greater than 100%, generate substantial free cash flow and provide a step change in the Company’s cash cost and all-in sustaining cost profile in 2018.

LEAGOLD REPORTS LOS FILOS Q2 GOLD PRODUCTION OF 46,098 OZ AND PROVIDES OPERATIONS UPDATE

http://www.leagold.com/assets/docs/nr/2017-07-17_NR.pdf

Vancouver, July 17, 2017 – Leagold Mining Corporation (TSX-V: LMC) (“Leagold” or the
“Company”) announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017. AISC per ounce and additional operating details will be reported in the Q2 2017 financial results to be released in mid-August. Leagold ended Q2 2017 with a strong cash balance of $65.4 million and operations being cash flow positive.

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

During the 27th week of the year (July 3rd to July 9th, 2017), as summer takes hold and enterprises reduce media activity, at least 10 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, in Coahuila Discovery Metals assembled a large land package to search for CRD deposits.  ON MINING, US Antimony is to proceed with a cyanide leach circuit and increasing its workforce at Wadley in San Luis Potosi; In Chihuahua Consolidated zinc released high grade results from sampling at Plomosas. In Durango Telson secured mill processing for ore from its Tahuehueto mine. In Sonora Alio Gold reported second quarter 2017 production. ON FINANCING, Sierra Metals has been approved to list on the NYSE MKT. ON RESOURCES AND DEVELOPMENT, No relevant news. ON DEALS AND CORPORATE ISSUES, Autlan sold its stake on GFM Resources to its affiliate Metallurum Holdings. Discovery Metals and Leagold announced high-profile new members on their respective boards.

ON MEXICO ISSUES

  • No Relevant News.

ON EXPLORATION

  • Discovery Metals Corp. recently assembled a land package of approximately 300 K hectares over a large historical mining district in Coahuila. The portfolio of seven key properties is situated in a world class carbonate replacement deposits (CRD) corridor that stretches from Southern Arizona to Central Mexico. “The land holdings contain numerous historical direct-ship ore workings with over 4,000 m of underground development. No modern exploration or exploration drill testing has been carried out on the properties.”

ON MINING

  • United States Antimony Corp. reported that the milling and flotation of 400 tonnes of material from the Los Juarez deposit in Queretaro recovered 52.8%, 49.6% and 31.5% of gold, silver and antimony respectively, while cyanide testing of the mill tailings were excellent, allowing for an estimated recovery of 90% gold, 90% silver and 70% antimony. The company will proceed with the construction of the cyanide leach circuit for the Puerto Blanco mill tailings when the permit is approved by SEMARNAT. Meanwhile, the underground miners have been increased to 90 men at the Wadley deposit in San Luis Potosi, and plans are underway to reopen the Guadalupe deposit in Zacatecas.
  • Consolidated Zinc Ltd. informed that sampling on the Las Espadas area of its Plomosas mine in Chihuahua proceeded over 150 m of strike length of remnant massive sphalerite and galena mineralization averaging 0.95 m @ 32.1% Zn, 14.9% Pb. “The Las Espadas area is defined by the presence of the Mina Veija Manto, with mineralisation occurring in the footwall as massive sulphides, comprising typical low iron sphalerite and galena.”
  • Alio Gold Inc. reported preliminary production results for the second quarter of 2017. The San Francisco mine in Sonora processed 1.93 M tonnes @ 0.47 g/t Au, while moving 4.3 M tonnes of waste (2.6 Waste to Ore ratio) to produce 22,011 Oz Au, 10,332 Oz Ag.
  • Telson Resources Inc. entered into an agreement with Compañia Minera de Atocha, S.A. de C.V. (with a mill in Tepehuanes, Durango) for the process during 2017 of at least 21 K tonnes of ore from its Tahuehueto mine in Durango. Ore is being mined from the same location as the previous 3,500 tonne bulk sample @ 9.5 g/t Au, 64 g/t Ag, 3.5% Pb, 6.2% Zn for USD$1.47 M in revenue. Underground production is now proceeding at 200 tonnes per day (tpd) from an ore shoot estimated to contain at least 50 K tonnes.

ON FINANCING

  • Sierra Metals Inc. announced that its common shares have been approved for listing on the NYSE MKT. The common shares will continue to trade on the Toronto Stock Exchange and the Lima Stock Exchange (Cusi and Bolivar, Chihuahua).

ON RESOURCES AND DEVELOPMENT

  • No relevant news.

ON DEALS AND CORPORATE ISSUES

  • Compañía Minera Autlán S.A.B. de C.V. sold 16.37 M common shares of GFM Resources Ltd to its affiliate Metallurum Holding, S.A.P.I. de C.V.. The shares represent 85.77% of the issued and outstanding shares of GFMR, and represent all the shares held by Autlan. Metallorum paid Autlan CAD$264 in cash, or less than 115% of the most recent closing market price of GFMR (Molango, Hidalgo).
  • Discovery Metals Corp. announced the appointment of Murray John as Chairman of the Board and the appointment of Jose Alberto Vizquerra Benavides to the Board. The company also created and advisory committee consisting of Arturo Bonillas, Cal Everett, Craig Roberts, Moira Smith and Sean Tetzlaff (Large land package, Coahuila).
  • Leagold Mining Corp. announced the appointment of Tristan Garel Jones as an independent non-executive director. Tristan is a well-known English politician that has held several high-profile posts (Los Filos, Guerrero).

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, a dry lake bed in northern Chihuahua produces a mirage, there is no standing water. Photo by Jorge Cirett.

pano2