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, British Colimbia (FSCwire) – Vangold Mining Corp. (TSXV: VAN) (OTCQB: VGLDF) (“VANGOLD” or the “Company”) is pleased to announce it has formed an Advisory Board to build a highly qualified support team to assist the Company in advancing the El Pinguico mining project located in Guanajuato, Mx.
Vangold is proud to accept Dr. David A. Terry, Ph.D., P.Geo. as cornerstone member to the Company’s Advisory Board. Building an experienced team of advisors brings improved strategy recommendations, broadens industry relationships and builds strong industry leadership.
Dr. Terry has had a long and successful career in the mining industry focused on the exploration and development of a wide range of mineral projects. Dr. Terry is a professional economic geologist, senior executive and corporate director with more than 25 years of international experience in the mineral resources sector. During his career, Dr. Terry has held executive positions and directorships with several publicly-listed and private mineral resource companies. He has also worked with senior mining companies including Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation. Dr. Terry holds a B.Sc. and Ph.D. in geology from Western University in Ontario and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Vangold Mining CEO Mr. Cameron King, said “We are very proud to have Dr. Terry join our advisory board. We take his involvement as a vote of confidence in the quality of our El Pinguico gold-silver project. David`s expert advice will be invaluable as we design and execute drilling programs and advance on evaluating our existing mineralized stockpiles. Drawing on close relationships and their wealth of experience will be vital to Vangold’s advancement of its current assets and longer-term growth.”
Southern Silver Exploration Corp (TSX-V: SSV; “Southern”) reported today that the Company has received approval from the TSX Venture Exchange to extend the final closing date of its previously announced brokered private placement (the “Offering”) until September 15th, 2017. As announced on June 13th, 2017, the Company has already closed the first tranche of the Offering by issuing 6,372,500 units (“Units”) for a total of $2,549,000.
The Offering, which was initially announced on May 18th, 2017, consists of up to 12,500,000 Units at a price of $0.40 per Unit for a total of $5,000,000, with an over-allotment option to increase the Offering by up to 15%. Each Unit consists of one share of common stock of the Company and one common share purchase warrant (each a “Warrant”) (together the “Securities”), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.55 per share for a period of three years
August 17, 2017 – Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) and Marlin Gold Mining Ltd. (TSX.V:MLN) (“Marlin”) announce that, further to the companies’ joint press release dated August 8, 2017, the sale of Santacruz’s Gavilanes Property in Durango State, Mexico to Marlin (the “Gavilanes Transaction”) for total consideration of US$3.50 million plus applicable VAT (the “Purchase Price”) has been completed.
US$0.58 million from the Purchase Price was credited against the deposit advanced by Marlin to Santacruz on August 10, 2017 in connection with the payment of the outstanding balance owing to a property vendor on certain of the claims included in the Gavilanes Project (see Santacruz’s press release dated August 10, 2017).
In addition, US$1.15 million from the Purchase Price was applied toward settling all remaining outstanding debt owing to JMET, LLC (“JMET”) and JMET has released and discharged all of its security and registrations over Santacruz’s assets and the 3,750,000 “cashless” warrants of Santacruz previously issued to JMET have been cancelled.
Vancouver, BC: Galore Resources Inc. (GRI-TSX.V) (“Galore” or the “Company”) is pleased to announce gold results from samples taken in July, 2017 by consulting geologist, Tony Adkins, P. Geo. Galore employed the services of Mr. Adkins to evaluate the El Alamo project and to determine if the property warranted further work. His review of the existing Galore data coupled with a field examination, showed that additional work, particularly a drill program of adequate size, is definitely merited. Mr.
Adkins brings over thirty-five years of comprehensive exploration, project management and mine experience as a geologist and engineer. He has experience with the geological features present at El Alamo.
Mr. Adkins collected seven rock chip samples over the El Alamo project area in an attempt to independently verify the presence of anomalous gold values. Assay results ranged from 0.822 ppm to 18.6067 ppm and confirmed the widespread occurrence of anomalous gold values.
Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce that it has hired Robelsis Altamirano, P.Eng. , to manage advanced exploration activities aimed at expanding the resource base at the Company’s flagship La Fortuna gold project (“La Fortuna”) in Durango, Mexico. Mr. Altamirano worked previously with the Company’s Mexican technical team and was the exploration manager for Argonaut Gold’s (previously Castle Gold) south extension of the El Castillo gold mine. He has extensive experience (+30 years) managing exploration programs in Mexico with both the Mexican Geological Service (“SGM” – Servicio Geologico Mexicano) and numerous independent mining groups. This included being involved from start-to-finish in the discovery and delineation of Torex Gold Resources’ Media Luna gold project (current inferred resources of 7.4 million gold equivalent ounces at a grade of 4.48 g/t) in the Guerrero Gold Belt, Mexico.
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
15 August 2017 – Santana Minerals Limited (“Santana”) is pleased to report significant diamond saw channel results from recent field work undertaken at the La Plata Prospect within the Company’s Cuitaboca Project in Sinaloa, Mexico (Figure 1).
Significant results from the recently completed surface diamond saw channel sample program included:
LPTTR-30 2.45m @ 362g/t Ag, a continuous zone including:
1.00m @ 158g/t Ag
0.85m @ 603g/t Ag
0.60m @ 362g/t Ag
LPTTR-31 4.60m @ 295g/t Ag, a continuous zone including:
1.00m @ 450 g/t Ag
1.00m @ 322 g/t Ag
1.00m @ 306 g/t Ag
0.90m @ 188 g/t Ag
0.70m @ 160 g/t Ag
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce the discovery of a substantial new mineralized silver zone within the Las Venadas target area of its La Cigarra silver project in Chihuahua State, Mexico. The strength and intensity of brecciation, veining and alteration is much stronger than anything observed within the La Cigarra resource itself.
Kootenay President and CEO James McDonald states, “The discovery of a mineralized zone of this magnitude and strength of veining in the world-class Parral mining district is a highly significant development for the company. The large-scale nature and intensity of the mineralized zone offers exceptional future growth potential and is characteristic of other major silver deposits in the district such as the San Francisco Del Oro and Santa Barbara mines located closely to the immediate south.”
Vancouver, Canada – August 15, 2017 – Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces that exploration drilling on the Terronera property in Jalisco State, Mexico continues to intersect high-grade, gold-silver mineralization at shallow depths within the La Luz vein.
Recent holes were drilled to test the boundaries of the current resource area (dated December 31, 2016) and successfully expanded the mineralization over a 600 metre (m) length by 250 m depth (view long section here).
Drilling highlights include two vein splays in Hole LL23 which assayed as follows:
- La Luz vein – 45 grams per tonne (gpt) silver and 16.2 gpt gold (1,180 gpt AgEq) over 1.7 m true width (34.4 opT AgEq over 5.6 feet (ft)), with an internal interval assaying 171 gpt silver and 45.2 gpt gold (3,335 gpt AgEq) over 0.2 m true width (97.2 opT AgEq over 0.7 ft); and
- La Luz HW vein – 25 gpt silver and 20.9 gpt gold (1,485 gpt AgEq) over 1.3 m true width (43.3 opT AgEq over 4.3 ft), with an internal interval assaying 44 gpt silver and 31.6 gpt gold (2,256 gpt AgEq) over 0.3 m true width (65.8 opT AgEq over 1.0 ft);