VANCOUVER, British Columbia – (May 29, 2019) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that Mr. Ian Graham has been appointed as Vice-President of Exploration of the Company. Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with major mining companies Rio Tinto and Anglo American, including as Chief Geologist with the Project Generation Group at Rio Tinto. Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad, including Resolution Copper (Arizona, USA), Diavik Diamond Mine (Northwest Territories, Canada), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India).
Vice President
The Mining and Exploration News in Mexico: Highlights on the Fourth Week of May, 2019.
Chalcedonic quartz
By Miguel A Heredia
During the nineteen week of the year (May 20th to May 26th, 2019), at least 19 press releases were announced by companies working in Mexico, with twelve disclosing deals and corporate issues, four reporting on resources and development of their projects, two informing on exploration results, and one discussing Mexican news. ON MEXICO ISSUES, the Mining Undersecretary of the Secretary of Economy, Francisco Quiroga, said Thursday that the blockade of the Peñasquito mine in Zacatecas is generating millions of dollars in losses. ON EXPLORATION, In Baja California Norte, One World Lithium has commenced a 12 holes-4,250m RC drilling program at its Salar del Diablo project. In Chihuahua, Ethos released trenching results from its La Purisima project. ON MINING, no relevant news. ON FINANCING, no relevant news. ON RESOURCES AND DEVELOPMENT, Silver One completed a short drilling program next to the historic resource area at its Peñasco Quemado project in Sonora. Endeavour reported results from the 2019 drilling program conducted at its Bolañitos mine in Guanajuato. Goldplay released high grade assays from a surface channel sampling carried out at its San Marcial project in Sinaloa. Impact Silver announced the commissioning of an engineering study at its Capire project in Mexico State. ON DEALS AND CORPORATE ISSUES, First Majestic and Fresnillo announced results from their annual general meeting of shareholders and proclaimed management changes. Great Panther provided information for its annual general meeting of shareholders (Topia mine, Durango). Santacruz confirmed an earn-in by Carrizal Mining of 20% interest in Santacruz’s Veta Grande Project and agreed to acquire Carrizal Mining. Minera Alamos strengthened its mine operations team with the appointment of its VP Technical Services (Santana project, Sonora). Mexus appointed an experienced Chemical Engineer for its Santa Elena mine in Sonora. The Fortuna Silver CEO purchased company shares (San Jose mine, Oaxaca). Excellon announced management changes (La Platosa mine, Durango). Bacanora announced a strategic investment in both corporate Bacanora and its flagship Sonora Lithium project in Sonora.
ON MEXICO ISSUES
- Blockade to Peñasquito mine in Zacatecas has generated millionaire losses to the public coffers. The mining undersecretary of the Secretary of Economy, Francisco Quiroga, said Thursday that the blockade of the Peñasquito mine by a truck contractor and members of the Cedros community, is generating millions of dollars in losses to the company as to the public coffers and that the government is in favor of a solution that allows it to continue operating. Peñasquito mine located in Zacatecas State is owned by Newmont Goldcorp and is one of the largest mines in Ag extraction in the world, and the main Au mine in Mexico.
ON EXPLORATION
- One World Lithium Inc., commenced a 12 holes-4,250 RC drilling program at its Salar del Diablo project in Baja California Norte. Goal of the program is to test geochemical anomalies that cover 150 square km and three highly conductive geophysical zones that cover 54 square km, of which two may be more than 100 and 200m thick. The property has never been drilled before.
- Ethos Gold Corp., released trenching results from its La Purisima project in Chihuahua. The company completed six trenches totaling a length of approximately 3km on the surface expression of the la Purisima vein zone and the parallel stockwork zone. Significant trench results were encountered in T-1 with 0.49 g/t Au over 118m, including 1.13 g/t Au over 20m, and 0.76 g/t Au over 24m on the La Purisima vein, and separately 4.17 g/t Au over 5.4m on the stockwork zone; T-2 with 0.47 g/t Au over 127m, including 1.11 g/t Au over 40m on the La Purisima vein; and T-3 with 0.84 g/t Au over 10m, and 6.51 g/t Au over 2m both in the stockwork zone.
ON MINING
- No relevant news.
ON FINANCING
- No relevant news.
ON RESOURCES AND DEVELOPMENT
- Silver One Resources Inc., completed a short diamond drilling program at its Peñasco Quemado project in Sonora, consisting of 974m in five holes. Goal of the program was to test the potential down-dip and along strike continuity of the Ag-Mn mineralization identified in the area of the historic resource outlined by Silvermex Resources Ltd; investigate the source of the very high zinc and lead in soil anomalies located along strike to the southeast of the historic resource area; and to test geochemical and geophysical anomalies in the west central part of the property. Drilling results indicates the mineralized Ag-Mn system does not extend outside the area of the historic resource.
- Endeavour Silver Corp., reported drilling results in the Plateros and San Miguel veins from the 2019 drill program conducted at its Bolañitos mine in Guanajuato. The drilling program consisted of 19 holes drilled to mid-April, of which 12 holes intersected high grades over mineable widths and an additional 4 holes intersected old mine workings. Significant drill intersections were encountered in the San Miguel vein just north of the Bolañitos plant in hole MG-10 with 58 g/t Ag and 22.1 g/t Au (1,827 g/t AgEq) over 3.5m true width. “New high-grade vein mineralization has now been delineated over a 250 m length by 130 m depth below and northwest of the old San Miguel mine workings, still open to the northwest”. Also, significant results were encountered in the Plateros vein just west of the Bolañitos plant in hole PLU-20 with 108 g/t Ag and 4.25 g/t Au (448 g/t AgEq) over 2.3m true width. “New high-grade vein mineralization has now been delineated over a 250 m length by 120 m depth below the Plateros mine workings where Endeavour is currently mining, still open at depth and to the southeast”.
- Goldplay Exploration Ltd., released high grade assays from a surface channel sampling carried out at its San Marcial project in Sinaloa. A significant result of 323 g/t Ag was encountered at the southeastern limits of the San Marcial NI 43-101 resource area suggesting potential for SE extension in the Guacamayo target. The sampling program also identified unrecognized Au potential in addition to the Ag mineralization since it encountered 974 g/t Ag and 2.01 g/t Au over 1m channel samples.
- Impact Silver Corp., commenced an engineering study to test the viability of dense media separation processing at its Capire project in Mexico State. Positive results from this engineering study could lead to a new operating plan toward placing Capire into production. Capire is an open pit silver-lead-zinc (-copper) deposit located 16 kilometers southwest of IMPACT’s producing Guadalupe Production Center.
ON DEALS AND CORPORATE ISSUES
- First Majestic Silver Corp, released results from its annual general meeting of shareholders and announced two new appointments: a VP Operation and a VP of Innovation, Processing & Metallurgy (Santa Elena mine, Sonora).
- Fresnillo plc., announced results from its annual general meeting of shareholders and reinforced its sustainability and community relation area with the appointment of Tomas Iturriaga. It also appointed its new COO and a new member of its Board of Directors (La Herradura mine, Sonora).
- Great Panther Mining Limited, provided information for its annual general meetings of shareholders to be held on June 24, 2019 (Topia mine, Durango).
- Santacruz Silver Mining Ltd., confirmed an earn-in by Carrizal Mining of 20% Interest in Santacruz’s Veta Grande Project and further acquisition of the 100% of the outstanding shares of PCG Mining S.A. de C.V. (PCG), which is the holding company that owns 100% of Carrizal outstanding shares. The shares of PCG are owned as to 50% each by two unrelated shareholders. One of the shareholders is at arm´s-length to Santacruz and the other shareholder is Carlos Silva, the Santacruz´s COO. “With respect to the acquisition of PCG shares from the arm’s-length party (the “Arm’s Length Acquisition”), on closing a cash payment by Santacruz of US$500,000 and other consideration in the amount of approximately US$600,000, including the forgiveness of approximately US$450,000 in debt owed by the shareholder to Carrizal; and with respect the acquisition of PCG shares from the Santacruz COO (the “Silva Acquisition”, and together with the Arm’s Length Acquisition, the “Transaction”), on closing the issuance of 30,000,000 shares of Santacruz (the “Consideration Shares”) to Mr. Silva at a deemed price of CDN$0.05 per share”.
- Minera Alamos Inc., strengthened its mine operations team with the appointment of Carolina Salas as its VP Technical Services. She will oversee final preparations related to the construction of commercial scale gold production facilities at the Santana project in Sonora.
- Mexus Gold US, appointed an experienced Chemical Engineer for its Santa Elena mine in Sonora.
- Fortuna Silver Mines Inc., informed that its CEO increased his equity position in the company by acquiring 170K common shares at an average price of US $2.59 per share (San Jose mine, Oaxaca).
- Excellon Resources Inc., announced the resignation of its CFO and declared that the current VP Finance will serve as interim CFO while the company seeks a permanent replacement (La Platosa mine, Durango).
- Bacanora Lithium plc, reported a strategic investment in both the corporate Bacanora and its flagship Sonora Lithium project in Sonora by Ganfeng Lithium, the world´s largest lithium metal producer. The strategic investment includes subscription for a 29.99% interest in Bacanora for a cash consideration of £14.4M, in addition to an initial 22.5% direct interest in the Sonora Lithium Project for a cash payment of £7.56M, with an option to increase up to 50% of the project.
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 above, chalcedonic quartz in a hot spring system in a prospect in Queretaro, Mexico. Photo by Miguel A Heredia.
First Mining Announces Appointment of Vice President, Corporate Development and Investor Relations
VANCOUVER, BC / ACCESSWIRE / April 2, 2019 / First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce the appointment of Mal Karwowska as the Company’s Vice President, Corporate Development and Investor Relations, effective April 1, 2019.
Highlights on the First Week of June, 2018. Mining and Exploration News in Mexico
By Miguel A Heredia
During the 23th week of the year (June 04th to June 10th, 2018), at least 17 press releases were announced by companies working in Mexico, with five informing on exploration results, five communicating deals and corporate issues, three reporting on resources and development, one reporting the commissioning of a new mill circuit, and one announcing financing. ON MEXICO ISSUES, Argonaut reported that the explosive permit for its La Colorada Mine in Sonora has been postponed. Pan American provided an update on its Dolores Mine in Chihuahua. ON EXPLORATION, In Sonora, Azure reported final drill results from its Oposura project, and Minaurum reported exploration results from its Alamos project. In Sinaloa, Goldplay announced exploration results from its El Habal project. In Coahuila, Discovery Metals reported exploration results from its Monclova project. In Oaxaca, Megastar acquired two new projects. ON MINING, Avino commissioned the mill circuit 4 on its Avino Mine in Durango. ON FINANCING, Almaden closed a non-brokered private placement for $9.4M. ON RESOURCES AND DEVELOPMENT, Sierra Metals extended the NW Bolivar orebody at its Bolivar Mine in Chihuahua. Capstone announced an updated mineral resource estimate for its Cozamine mine in Zacatecas. Bacanora provided an update on the ongoing development of its Sonora Lithium project in Sonora. ON DEALS AND CORPORATE ISSUES, Silver Bull and South 32 Ltd formed a JV in the Sierra Mojada project in Coahuila. Sonoro appointed Mel Hendricks as VP Exploration. Sierra Metals announced results of its annual general meeting. Monarca announced management restructuring. San Marco named Christian Grijalva as the CEO of the company
ON MEXICO ISSUES
- Argonaut Gold Inc., reported that the hearing on the explosives permit for its La Colorada Mine in Sonora has been postponed and is awaiting court scheduling.
- Pan American Silver Corp., announced that the security situation has improved at its Dolores Mine in Chihuahua, and the access is now better following increased patrol and enforcement by the Mexican authorities. The company also will make use of its private airstrip to transport people to and from the mine site until the situation normalizes.
ON EXPLORATION
- Azure Minerals Ltd., reported final drill results from the West Zone at its Oposura project in Sonora. Significant results are 10.85m of 40 g/t Ag, 5.8% Pb and 8.6% Zn; 4.1m of 48 g/t Ag, 8.5% Pb and 8.8% Zn; 4.95m of 15 g/t Ag, 5.9% Pb and 7.2% Zn; and 3.6m of 25 g/t Ag, 0.2% Pb and 15.4% Zn. The company also announced that the mineral resource estimate is ongoing and is expected to be completed in June 2018.
- Minaurum Gold Inc., announced the discovery of three new veins (Pulpito, Cotera, and Ana) at its Alamos Silver project in Sonora. “The Pulpito vein, located 1 km west of the Minas Nuevas target, has been traced for over 800 m and measures up to 2 m wide; outcrop and dump samples along it ranged from 67 to 1,495 g/t Ag and 400 ppm to 3.81% Cu. The nearby Cotera vein has been traced for more than 200 m and a topographic linear suggests it extends another 800 m to the north. Sampling along the Cotera vein returned values between 32 and 1,370 g/t Ag and 200 ppm to 3.4% Cu. The Ana vein is located 750 m east of the Tigre vein and has been mapped for over 2km; samples results are pending”.
- Goldplay Exploration Ltd., announced trenching results from its El Habal project in Sinaloa. Significant results are 130m of 1.86 g/t Au, 100m of 1.2 g/t Au and 90m of 0.84 g/t Au. These results have identified oxidized Au mineralization along a 1,000m-long mineralized zone. The geochemical sampling results along with a ground CSAMT survey will be used to define targets to be drill-tested.
- Discovery Metals Corp. reported assay results of 311 surface samples from the Real Viejo and the La Soledad Zones within its Monclova project in Coahuila. Mineralization at Real Viejo consists of Ag-Pb-Zn skarn and is contained in breccia veins and mantos. The average grade of 69 samples was 148 g/t Ag and 5.5% Zn+Pb. At La Soledad, the mineralization style consists of Cu-Au skarn. Results from the best ten channel samples returned and average of 1.5 g/t Au and 1.5% Cu with high values of 7.9 g/t Au and 6.9% Cu. The company plans to obtain detailed hyperspectral imagery of the property and conduct an IP and ground magnetic survey on Q2 to perform an initial drill program on Q3.
- Megastar Development Corp., signed a definite option agreement to acquire 100% of the Yautepec and Magdalena epithermal Au-Ag projects in Oaxaca from Paradex and Minera Zalamera. “The Yautepec property comprises 4,861 hectares of Tertiary volcanic rocks highly prospective for hosting epithermal precious metal mineralization similar to that in the nearby producing Arista and Switchback mines at God Resources El Aguila project and Chesapeake Gold´s La Gitana project”. “The Magdalena Project comprises a single 480-hectare property centered on highly altered volcanic rocks approximately 20 kilometers ENE of Gold Resource Corporation’s (GRC) producing Au-Ag-base metal deposits”.
ON MINING
- Avino Silver & Gold Mines Ltd., has commissioned the mill circuit 4 to add it to the production profile of its Avino Mine in Durango. It has increased the production capacity by 70% and is expected to be online full time in early January 2019.
ON FINANCING
Almaden Minerals Ltd., closed a non-brokered private placement for $9.4M. Net proceeds will be used for exploration and development activities at its Ixtaca project in Puebla.
ON RESOURCES AND DEVELOPMENT
- Sierra Metals Inc., announced infill drilling results and extended the NW Bolivar orebody by additional 400m at its Bolivar Mine in Chihuahua. Drill significant results are 18m of 0.46 g/t Au, 38 g/t Ag, 2.1% Cu, and 0.4% Zn; 14m of 17 g/t Ag and 2.4% Cu; and 8m of 25 g/t Ag and 1.4% Cu. The extension contains an average grade of 1.37% Cu over an average true width of 8.1m.
- Capstone Mining Corp., announced an updated mineral resource estimate as at March 31, 2018 for its Cozamine mine in Zacatecas. Total measured and indicated resource are 13M tonnes of 43 g/t Ag, 1.67% Cu, 0.2% Pb, and 0.8% Zn for a total of 18M Oz Ag, 486M Lb Cu, 44.8M Lb Pb, and 240M Lb Zn. Total inferred resources are 9.9M tonnes of 40 g/t Ag, 1.15% Cu, 0.39% Pb, and 1.2% Zn for a total of 12.8M Oz Ag, 255.4M Lb Cu, 62.7M Lb Pb, and 275.5M Lb Zn. Subsequent to this updated resource, a further 31 holes have been drilled in the Mala Noche Footwall Zone remaining open up dip and to the southwest. The company is currently conducting a 40,000m of step-out and infill drilling this year on the inferred class resource.
- Bacanora Lithium plc., provided an update on the ongoing development of its Sonora Lithium project in Sonora. The company prepares to commission a fully integrated lithium carbonate operation of a 17,500 tonnes per year plant before upgrading to 35,000 tonnes per year within 20 months subject to project financing.
ON DEALS AND CORPORATE ISSUES
- Silver Bull Resources Inc., and South 32 Ltd., formed a 70/30 JV in the Sierra Mojada project in Coahuila with an investment of US $100M. To keep the JV on, South 32 must spend in exploration a minimum of US $10M over the next four years, with minimum exploration funding of US $3M, US $ 6M, and US $8M by the end of the years 1, 2, and 3 of the option period respectively.
- Sonoro Metals Corp., appointed Mel Hendricks as VP Exploration.
- San Marco Resources Inc., announced results of its annual general meeting and appointed Christian Grijalva as the CEO of the company.
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 above, an open void “boxwork” texture of goethite-jarosite after sulphides in a prospect in Chiapas, Mexico. Photo by Miguel A Heredia.
San Marco Announces Executive Appointment and Warrant Exercise
Vancouver, B.C. – January 31st, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces the appointment of Christian T. Grijalva as Vice President of San Marco and San Marco Resources, Mexico SA de CV. Previously, Christian was Manager of Projects for the Company, overseeing all Mexico operations.
Robert Willis, San Marco’s CEO stated; “A significant part of building a strong exploration team is recognition of leadership skills. Chris has not only assembled an experienced, quality geological team, but he has been instrumental in successfully advancing our 1068 Project to drill readiness, and responsible for our recent copper/silver discovery at our Chunibas Project. “
Silver Viper Appoints VP Corporate Development and Announces Drilling on Clemente to Recommence in February 2018
December 7, 2017 – Vancouver, British Columbia. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) (TSX-V: VIPR) is pleased to announce that Alex Peter Tsakumis has been appointed by the Company as Vice President of Corporate Development.
Mr. Tsakumis is a seasoned executive in the mining space with over twenty-five years of investment experience with private and public companies. Prior to joining Silver Viper, Mr. Tsakumis was the Vice President of Corporate Development at Alio Gold Corp. (formerly Timmins Gold Corp.) for nine years, where he played a pivotal role in the development of the corporation from a junior exploration to a production company. He began his career in 1989 with the Barrington Group, representing advanced stage mining companies. He has experience in capital formation and management and growth of listed companies, including mergers and acquisitions, corporate governance, and corporate communications. He is a graduate of the University of British Columbia with a Bachelor’s Degree in Economics.