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

Vangold samples 34.11 g/t AuEq at El Pinguico


Vangold Mining Corp. has provided results from its current exploration program on the El Pinguico mine property, located 15 kilometres from Guanajuato, Mexico. For the past four months, the company has engaged FindOre SA de CV, a geological exploration services company, to conduct extensive surface and underground mapping, surveying, rock sampling, and trenching. The results of the geological exploration program have provided extensive information about the structure and geological origins of the epithermal vein systems across the property. The results of the four-month sampling and mapping program will be used to identify grid spacing and drill locations, increasing the highest probability of achieving an inferred resource.

Exploration highlights:

  • Collected a total of 452 rock samples taken from surface grab samples and outcrops, historical workings, and adits;
  • Consistent assays over 10 grams per tonne gold equivalent at surface and underground, proving extensive multivein mineralization;
  • Underground samples total 310, from exposed veins, hangingwall and footwall locations;
  • Confirmation of extending mineralization over 1.5 kilometres from underground stockpile location to southern claim limit;
  • Completion of detailed mapping illustrates multiple parallel and perpendicular vein systems across the property;
  • Significantly derisked drill site locations.

Evrim’s Partner Harvest Gold Supports Presence of High-Grade Gold and Silver Values at Cerro Cascaron


Vancouver B.C. — June 15, 2017. Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce sample results from Harvest Gold Corp.’s (“Harvest”) (TSX.V:HVG) due diligence visit to the Cerro Cascaron gold-silver project (“Project”) in Chihuahua, Mexico. Harvest will have the right to earn up to an 80% interest in the Project by incurring certain exploration expenditures, making cash and share payments and delivering a 43-101 compliant feasibility study.

Harvest’s geological consultant, Mr. David Bent, P. Geo. visited a large area of the Project and took nine rock samples from both the main vein field and the recently discovered La Cascarita target, a silver-rich breccia structure located five kilometres west of the currently defined main gold field. The rock sample results support previous sample values taken by Evrim.

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.



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.

Highlights on the Second Week of June, 2017. Mineral Exploration in Mexico

During the 23rd week of the year (May 5th to June 11th, 2017), at least 25 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, the Mexican government owes more than US$360 M on tax returns to Canadian mining companies. ON EXPLORATION, in Sonora Riverside released assays from recent sampling at Cecilia; Colibri received drill results from its partner at the Pitaya property; and Millrock is to explore the Picacho project. In Chihuahua Sierra Metals released high-grade drilling results from a new structure at its Cusi property; Golden Goliath is to start a field program at San Timoteo and Harvest Gold is to begin a field program at the recently optioned Cerro Cascaron property. In Sinaloa Santana commenced an RC drill program at its Cuitaboca project. Defiance released results from the first hole of the season at the San Acacio property. In Jalisco Plata Latina announced an incoming drill program at Vaquerias.  ON MINING, Pan American Silver continues the expansion at La Colorada and Dolores mines in Zacatecas and Chihuahua. ON FINANCING, New Gold announced the redemption of $200 M in senior notes, and Agnico Eagle made a $9.76 M strategic investment in Candelaria. ON RESOURCES AND DEVELOPMENT, US Antimony started pilot production at Los Juarez pit in Queretaro, and Oceanus disclosed high grade intercepts from a step-out hole in El Tigre, Sonora. ON DEALS AND CORPORATE ISSUES, Endeavour Silver bought the Calicanto and Veta Grande properties from Arian Silver and Impact Silver respectively. Candelaria issued 4.6 M shares to Minera Apolo as partial payment for 65 concessions in Zacatecas, Durango and San Luis Potosi. Mexican Gold made a definitive agreement to acquire three important concessions within its Las Minas project in Veracruz. Millrock optioned El Picacho project in Sonora, and the property has now become a “designated project” under its alliance with Centerra.


  • The Mexican government plays deaf on tax returns to Canadian companies. The SAT (IRS equivalent) holds more than US$360 M on tax returns to six Canadian mining companies, including US$230 M to Goldcorp, which declined to comment. Other affected companies include Torex Gold (US$66.5 M), Alamos Gold (US$26 M), Agnico Eagle (US$18 M) Endeavour Silver (US$15.6 M) and McEwen Mining (US$6.2 M). The issue was raised by the mining companies with Canada’s Minister of Natural Resources, Jim Carr, who contacted the Secretaria de Economia regarding the VAT tax returns. The matter is to be “investigated”.


  • Sierra Metals Inc. completed the first phase of systematic drill campaign on the Santa Rosa de Lima structure at its Cusi mine in Chihuahua. The drilling encompassed 36 holes in an approximate grid covering an area 1,000 m long by 400 m depth, with average true width and grade of 4.1 m @ 371 g/t AgEq. Intercepts include 12.0 m @ 757 g/t Ag; 1.8 m @ 709 g/t Ag; 2.0 m @ 1,152 g/t Ag; 3.5 m @ 414 g/t Ag; 3.2 m @ 1,034 g/t Ag; 4.3 m @ 690 g/t Ag; 11.0 m @ 575 g/t Ag. A 24 hole, 13,200 m definition drilling program is to be completed during June. The 12 km long Santa Rosa de Lima structure presents no hydrothermal alteration on the surface, and presents a NW-SE orientation that contrasts with the NE-SW orientation of the structures currently being mined in the district.
  • Santana Minerals Ltd. has commenced a reverse circulation (RC) drilling program at its Cuitaboca property in Sinaloa. The 16 hole, ~2,500 m RC program is to test the vertical and horizontal continuity of mineralisation across the Las Animas and Evangelina zones of the Mojardino prospect.
  • Riverside Resources Inc. released assay results from the first phase exploration program at its Cecilia project in Sonora. The company is targeting epithermal Au-Ag mineralization hosted by a felsic flow-dome complex. The sampling to date has concentrated at the North Breccia and Central zones, where 36% of the samples assayed more than 0.5 g/t Au. Rock sample results are up to 113.7 g/t Au, 288 g/t Ag; 58 g/t Au, 207 g/t Ag; 8.42 g/t Au, 88 g/t Ag. More than 20% of the samples assayed more than 200 g/t Ag, with the highest one returning 310 g/t Ag.
  • Golden Goliath Resources Ltd. is about to start the 2017 field program at its San Timoteo project in Chihuahua, which is deemed to expand “the Terraspec coverage and acquire and incorporate geological, geochemical and structural data from other workings to select specific drill targets in areas further away from the San Martin mine targets”.
  • Colibri Resource Corp. announced drill results received from its JV partner Agnico Eagle Mines Ltd. from its Pitaya property in Sonora, on which Agnico currently holds a 66% interest. Drill results cover 1,543 m in six holes, with drilling on going and further 4,700 m of drilling to be completed. Results include 5.4 m @ 0.5% Cu; 3.6 m @ 0.81 g/t Au; 1.1 m @ 2.2 g/t Au; 3.3 m @ 0.48 g/t Au; 6.4 m @ 0.32 g/t Au; 2.2 m @ 21 g/t Au, 57 g/t Ag; 1.0 m @ 0.48 g/t Au, 34 g/t Ag, 3.1% Cu; 7.0 m @ 0.5 g/t Au; 1 m @ 2.4 g/t Au; 7 m @ 0.36 g/t Au; 4 m @ 0.94 g/t Au.
  • Defiance Silver Corp. released results from the first hole of the ongoing drill program at the San Acacio project in Zacatecas. The drill hole targeted the Esperanza zone and intersected high grade silver, with 27 .03 m of hydrothermal breccia and veins assaying 203 g/t AgEq. The 27.03 m intercept @ 148 g/t Ag, 0.29 g/t Au, 0.1% Pb, 0.7% Zn includes 7.58 m @ 213 g/t Ag, 0.3% Zn; 5.00 m @ 231 g/t Ag, 0.51 g/t Au, 0.4% Pb, 1.7% Zn and 6.05 m @ 122 g/t Ag, 0.74 g/t Au, 1% Zn.
  • Millrock Resources Inc. is to explore the El Picacho project as a designated project on its strategic alliance with Centerra Gold Inc. in Sonora. The project is an orogenic gold target, where Jurassic rocks are juxtaposed in a thrust fault relationship with much older Precambrian age rocks, being located 18 km W-SW from Alio Gold’s San Francisco mine.
  • Harvest Gold Corp. is to start a first phase two-month field program on the recently optioned Cerro Cascaron project with a budget of $225 K, including the opening of two historic adits, detailed mapping, sampling and prospecting of the main vein field, La Cascarita, and the eastern extension across a river valley.
  • Plata Latina Minerals Corp. announced that Fresnillo PLC has initiated drilling at the Naranjillo property in Guanajuato, which it optioned from Plata Latina. The focus of the company is now the Vaquerias project, where previous drilling intersected up to 727 g/t Ag, 0.24 g/t Au over 0.55 m. Drilling is to re-initiate at Vaquerias, Jalisco, in late summer of 2017.


  • Pan American Silver Corp. is continuing with the expansion at its La Colorada and Dolores mines. At La Colorada (Zacatecas) the goal is to rise mine production to 1,800 tonnes per day (tpd) and 7.7 M Oz Ag and significant Pb and Zn. At Dolores (Chihuahua), the goal is to load 17.6 – 18 K tpd on the heap leach pads to obtain 4 – 4.5 M Oz Ag and 109.1 – 115 K Oz Au.


  • New Gold Inc. completed the previously announced redemption of its outstanding $300 M 7.0% senior notes due 2010. “The redemption was funded from the net proceeds of its recent issue of $300 million aggregate principal amount of 6.375% Senior Notes due in 2025 and cash on hand.” (San Pedro, San Luis Potosi).
  • Candelaria Mining Corp. announced that Agnico Eagle Mines Ltd. is making a strategic investment of $9.76 M in Candelaria. “Upon completion of the Private Placement, Agnico will own approximately 9.95% of the common shares of Candelaria.”


  • United States Antimony Corp. started pilot production from the Los Juarez pit at it Los Juarez property in Queretaro. Approximately 400 metric tons were trucked to the Puerto Blanco mill in Guanajuato. “The permit for a cyanide leach circuit for the Puerto Blanco mill tailings has been reviewed by SEMARNAT (Mexican equivalent of EPA), and USAC is changing the location and design of the tailings pond to comply with their request.”
  • Oceanus Resources Corp. reported a high grade drill intercept from a step-out hole at its El Tigre property in Sonora. The hole in the Protectora vein intersected 3.15 m @ 10.1 g/t Au, 1,991 g/t Ag, including 0.85 m @ 37.2 g/t Au, 7,339 g/t Ag, and a deeper intercept of 1.5 m @ 1,107 g/t Ag. “The mineralized zone consists of several vuggy quartz veins and veinlets carrying galena, sphalerite, chalcopyrite, stromeyerite and pyrite.” This hole is collared some 800 m North of the El Tigre mine, from where the unmined Protectora vein extends for 1,500 m to the North.


  • Endeavour Silver Corp. has acquired 100% interest in the Calicanto and Veta Grande properties in Zacatecas. Calicanto was bought from Arian Silver Corp. for US$400 K, is subject to a 3% royalty and covers five >1 km long veins, 1-3 m thick and grades of 100-300 g/t Ag, 1-3 g/t Au, 1-3% Pb+Zn. The Veta Grande property (10 concessions, 152 hectares) was bought from Impact Silver Corp. for US$500 K in shares, covering six Ag-Au-Pb-Zn veins and 14 hectares of surface land on which an idle 200 tpd processing plant is located.
  • Candelaria Mining Corp. announced that it issued 4.6 M shares to Minera Apolo S.A. de C.V., meeting the obligations required to complete the acquisition of 60% of the shares of Minera Apolo. Candelaria holds a right of first refusal to purchase the remaining 40% of the shares of Minera Apolo, which are currently held by four individuals resident in Mexico. Minera Apolo holds 65 claims over 20,475 has in the states of Zacatecas, Durango and San Luis Potosi, including properties in the Pinos district, Lucifer, Km66, Guadalcazar, Cascabel, El Gato and the Noria tailings.
  • Mexican Gold Corp. entered into a definitive purchase and sale agreement to acquire 100% interest in the Pepe, Pepe Tres and San Jose concessions at its Las Minas project. The concessions form the core of the Las Minas property, encompassing six strongly mineralized zones. The agreement states a $433 K payment (plus VAT) upon execution, six monthly equal payments of $22 K (plus VAT) commencing on December 2017 and a final payment of $867 K (plus VAT) on December 2018. The vendors retain a 1.5% NSR, of which one third can be bought by US$500 K, with Mexican Gold having the right of first refusal on the rest.
  • Millrock Resources Inc. entered an option agreement to purchase the El Picacho project in Sonora. The project was identified to Centerra Gold Inc. by Millrock, and it is now to become a “designated project” under the strategic alliance between the companies. An initial payment of US$21,375 has been made on the US$1.723 M option payments due over a four year period. “Seven equal option payments of US$21,375 will be due at six-month intervals. A final option payment of US$1,552,000 would be made to complete the purchase of the mineral rights.”
  • Evrim Resources Corp. optioned its Cerro Cascaron project in Chihuahua to Harvest Gold Corp., which will have the right to earn up to 80% interest. Under the agreement Harvest can earn 70% by investing $6 M in the property, making a 900 K payment and issuing 2 M shares to Evrim over a four year period. Harvest can earn an additional 10% by paying $200 K (or 200 K shares, Evrim’s election), fund a 43-101 compliant feasibility study (FS) and make further $2 M expenditures.

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

Winding dirt road in the Sierra Madre, at Cañada del Güerachi, Chihuahua. Photo by Jorge Cirett.

DSCN7022 - copia Detail Extractor



June 9, 2017, Vancouver, BC – Alio Gold Inc (TSX, NYSE MKT: ALO) (“Alio Gold” or the “Company”), formerly Timmins Gold Corp., announced today that it has filed an updated NI 43-101 compliant technical report for the high-grade, high-margin Ana Paula project on the highly prospective Guerrero Gold Belt, Mexico. The report is available on http://www.sedar.com and the Company’s website.

The results of the Ana Paula Pre-Feasibility Study issued June 7, 2017 incorporates non-material changes requested by the British Columbia Securities Commission as part of a routine review. The June 7th technical report entitled “Preliminary Feasibility Study” and labelled Revision 1 by M3 Engineering supersedes the original report dated May 26, 2017 (Revision 0).

Marlin Gold Intersects 2.73 g/t Gold Over 38.70 Meters, Including 5.12 g/t Gold Over 14.00 Meters, at the La Trinidad Mine


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).

Bacanora Announces Formal Appointment of Non-Executive Directors


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.

Oceanus Intersects 37.2 g/t Gold and 7,338.9 g/t Silver over 0.85 Meters in an 800 Meter Step-Out Drill Hole at its El Tigre Property in Sonora, Mexico


HALIFAX, NOVA SCOTIA — June 7, 2017 — Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF) (“Oceanus” or the “Company”) reports that step-out hole ET-17-144 at its 100% owned El Tigre Property in Sonora, Mexico intersected high-grade gold and silver mineralization in the Protectora vein. Hole ET-17-144 returned 3.15 meters of 36.6 g/t gold equivalent from a depth of 88.25 meters to 91.40 meters consisting of 10.1 g/t gold and 1990.9 g/t silver. This intercept included 0.85 meters of 135.1 g/t gold equivalent consisting of 37.2 g/t gold and 7,338.9 g/t silver. Hole ET-144 also returned 1107.36 g/t silver and 0.024 g/t gold over 1.5 meters from a depth of 188.65 meters to 190.15 meters.