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).
- 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
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.”
TORONTO, Ontario, June 19, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce high grade intercepts for the first 25 holes of its infill drilling program at the Sub-Sill deposit, associated with its El Limon-Guajes Mine (ELG) in Southwest Mexico. Highlighted intercepts from this program include 39.1 g/t Au over 9.7m, including114.1 g/t Au over 2.9m, in borehole SST-49; 107.3 g/t Au over 3.1m in borehole SST-50; 32.1 g/t Au over 13.0m, including 68.9 g/t Au over 4.0m in borehole SST-54; and 27.3 g/t Au over 14.8m, including 62.1 g/t Au over 4.9m in borehole SST-47.
Fred Stanford, President & CEO of Torex stated: “The purpose of this infill diamond drill program is to upgrade a million tonnes of Inferred Sub-Sill resource to the Measured and Indicated categories, to facilitate mine planning and the determination of a maiden mineral reserve. Of the 50 planned infill diamond drill holes, 41 have been completed to date, and assays have been received for 25 of those holes. To date, the ‘hit ratio’ has been 96%, with 24 holes intercepting high grade gold mineralization. This exceptional demonstration of the continuity of the gold mineralization has held true across the current resource area, including at the periphery. This bodes well for the mine planning efforts and indicates the potential for resource expansion with step-out drilling. The timing is excellent as the access ramp is now through the sill and progressed 40 meters into the less prospective endoskarn, and is less than 10 meters from intersecting the highly prospective exoskarn.” He added, – “The step-out diamond drill program is getting underway as the infill program is completed. The step-out program comprises approximately 7,500 meters in 31 holes that test the area adjacent to the current resource and then out to the periphery of the prospective area for Sub-Sill expansion. This drill program is expected to be completed through the second half of the year and we look forward to sharing those results.”
TORONTO, ONTARIO–(Marketwired – June 13, 2017) – VVC Exploration Corporation (“VVC” or the “Company“) (TSX VENTURE:VVC) announces that (i) the Mexican Ministry of the Environment and Natural Resources (SEMARNAT) has approved the application for a Permit to conduct Advanced Exploration Drilling on its Samalayuca Cobre (Samalayuca Copper) Project, located in Northern Chihuahua, Mexico, approximately 50 kilometers from El Paso, Texas. In addition, the Company anticipates raising up to CA$5 (US$3.75) million in Equity and Debenture financings by the end of July.
Consolidated Zinc Limited (ASX:CZL) is pleased to provide an update on the drilling and mapping programs being undertaken at their high grade Plomosas Zinc Project in Mexico.
Resource Infill Drilling
Ongoing drilling designed to extend and infill the currently defined JORC mineral resource has continued to intersect significant zinc-lead mineralisation where predicted. Two holes were planned as infill between two previously announced holes, LV5018 and LV5008, and aimed to extend the currently defined JORC (2012) Tres Amigos Resource downdip. Drill hole LV5018 was drilled several weeks ago to test the down dip extension of the Juarez Limestone and the southern extension of the mineralisation intersected in the Tres Amigos North area. It intersected 1.85m @ 32.88% Zn+Pb and11.07g/t Ag, which highlighted an untested zone of 140
metres strike between LV5018 and LV5DD008 which intersected 1.10m @ 30.65% Zn+Pb and 74.4g/t Ag.
Vancouver, British Columbia–(Newsfile Corp. – June 13, 2017) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQB: SSVFF) (FSE: SEG1) (“Southern Silver”) has closed the first tranche of its previously reported Brokered private placement by issuing 6,372,500 units at a price of $0.40 per Unit for gross proceeds of $2,549,000. Gravitas Securities Inc. is the lead agent of the $5 million placement of Units. Each Unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.55 per share. Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants and finder’s warrants issued as finder’s fees, carry a legend restricting trading of the securities until October 14, 2017.
June 13, 2017, Vancouver, British Columbia – Candelaria Mining Corp. (“Candelaria” or the “Company”) is pleased to announce additions to its senior management team. Effective immediately, the Company has appointed Mr. Curtis Turner to be the Chief Executive Officer (“CEO”) and a member of the Board of Directors. In addition, Mr. Ramon Perez, acting CEO, will be appointed as the Company’s President and will continue to serve as a member of the Board of Directors. Lastly, Mr. Erick Bertsch will assume the role of Vice-President, Corporate Development.
Mr. Sokhie Puar has resigned from his current position as the President of the Company, and will remain as a member of the Board of Directors.
June 12, 2017 — Vancouver, British Columbia — Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to report another round of positive drill results from the Company’s wholly owned La Trinidad gold mine in Sinaloa, Mexico (the “La Trinidad Mine”). Hole 17TRD52 intersected 2.73 g/t gold over 38.70 meters (16.30 meters true width), including 5.12 g/t gold over 14.00 meters (5.88 meters true width). 17TRD52 was intended to target an area approximately 25 meters to the north of 17TRD50, which intersected 7.57 g/t gold over 63.35 meters (26.70 meters true width) (see press release dated May 24, 2017), and approximately 50 meters to the north of 17TRD44, which intersected 15.55 g/t gold over 15.45 meters true width (see press release dated April 10, 2017).
Vancouver, British Columbia–(Newsfile Corp. – June 12, 2017) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQB: SSVFF) (FSE: SEG1) (“Southern Silver“) reported today additional assay results from the 2017 core drilling program on the Cerro Las Minitas project, Durango State, Mexico, which identified a thick zone of silver-copper enriched mineralization in hole 17CLM-098. Highlights from 17CLM-098 include:
- a 14.5m down hole interval (8.7m est. True Thickness) averaging 288g/t Ag, 2.0% Cu, 0.8% Pb and 1.2% Zn (575g/t AgEq; 16.2% ZnEq) including a higher grade 4.1m interval (2.5m est. TT) averaging 686g/t Ag, 3.7% Cu, 1.0% Pb and 1.7% Zn (1171g/t AgEq; 33.1% ZnEq)
The mineralized intercept remains open to the north and east where it follows the skarn altered margin of the monzonite as it wraps around the northern edge of the central intrusion. This intercept is an approximate 300 metre step-out from previously reported high-grade mineralization in 17CLM-095 (8.0metres est. TT of 602g/t Ag, 7.1% Pb and 17.9% Zn) and now opens up a new 800 metre strike-length of exploration potential along the North Skarn target.
CALGARY, ALBERTA, Jun 09, 2017 (Marketwired via COMTEX) — CALGARY, ALBERTA–(Marketwired – June 9, 2017) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (BCN)(aim:BCN), the Canadian and London listed lithium exploration and development company, is pleased to announce the formal appointment of Dr. Andres Antonius and Mr. Junichi Tomono to the Board as Non-Executive Directors.
As noted in the announcement dated 15 May 2017, following approval by the Board of Bacanora the appointments were subject to the completion of standard regulatory reviews in accordance with the AIM Rules for Companies. These reviews have now been completed. As a result, the appointment to the Board of both Dr. Antonius, a Mexican national who has held positions in the Government of Mexico, the private sector and academia, and Mr. Tomono, head of the Speciality Metals and Alloys department of leading Japan-based global trading company Hanwa Co., LTD. (“Hanwa”), will now take full effect. There are no additions or changes to the information disclosed on Dr. Antonius and Mr. Tomono in the announcement dated 15 May 2017 which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.