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Kootenay Silver Announces Strategic Objectives for 2017

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/621-tsx-venture/ktn/29622-kootenay-silver-announces-strategic-objectives-for-2017.html

VANCOUVER, Feb. 23, 2017 /CNW/ – Kootenay Silver Inc.  (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to provide an update on silver exploration and development activities and to provide some guidance for its proposed activities in 2017.

Supported by one of the largest junior owned NI 43-101 silver equivalent resource asset bases of over 140 million ounces, Kootenay continues to provide its shareholders with significant leverage to silver prices from the Company’s “Established Silver Bank“ consisting of:

  • La Cigarra: 51 million ounces of silver in M&I grading 86.3 gpt silver*;
  • Promontorio: 92 million ounces of silver equivalent in M&I grading 64.3 gpt silver*;
  • La Negra: 6800 meters drilled to date with more drilling planned in 2017.

Riverside Announces Exploration Results from $400,000 Partner-Funded Program at the Glor Gold Project

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/866-tsx-venture/rri/29352-riverside-announces-exploration-results-from-400-000-partner-funded-program-at-the-glor-gold-project.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 15, 2017) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99), is pleased to report on the progress of the partner-funded exploration program being conducted with Centerra Gold Inc. (“Centerra”) at the Glor Gold Project (the “Project”), located approximately 8 km west of Alamos Gold’s El Chanate Mine in Sonora, Mexico.

Between August 2016 and the end of last year, a number of programs of geophysical and geochemical surveying were completed along with geological mapping. Expenditures on these exploration programs amounted to approximately US$400,000 and were entirely funded by Centerra as part of its earn-in requirements (see Riverside press release dated July 28, 2016). The results of the 2016 soil and rock sampling programs are very encouraging, having defined multiple gold targets in the north-eastern, central and western parts of the Glor property.

Riverside Reports Drill Results and Go Forward Program With Antofagasta at the Thor Property, Sonora, Mexico

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/866-tsx-venture/rri/29156-riverside-reports-drill-results-and-go-forward-program-with-antofagasta-at-the-thor-property-sonora-mexico.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 9, 2017) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99), is pleased to provide an update on the partner funded exploration work and initial drill testing at the Company’s Thor Project in Sonora, Mexico. The Thor Project is 128 km2 and located approximately 80 km east of the capital city of Sonora, Hermosillo. Riverside and its partner, Antofagasta Minerals S.A. (“Antofagasta”), a wholly-owned subsidiary of Antofagasta Plc, recently completed the first four (4) drill holes ever drilled on this large property package that indicate at least three separate porphyry hydrothermal centre areas over a strike length of > 8 km in total distance.

Metallurgical Testing Commences on Lithium Enriched Clays and Trenching Results from Agua Fria at Electra Project, Sonora, Mexico and Announces Flow Through Financing

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http://www.alixresources.com/index.php?page=news&id=1221

January 24, 2017, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces the commencement of Agua Fria (Mexico) metallurgical testing and trench results.

Highlights

  • Trench samples demonstrate high lithium grades (up to 1340 ppm)
  • Preparations underway for the February 2017 drilling campaign
  • Li-mineralized clays extended to over 5 km on strike
  • Metallurgical testing commenced

Metallurgical evaluation

Alix and joint venture partner Lithium Australia NL (ASX: LIT) have dispatched the first samples from Agua Fria (part of the Electra Project, Sonora Mexico, Figure 1) for metallurgical testing at the Kappes Cassiday & Associates facilities (Reno, NV).

Twenty four samples obtained through shallow trenching of the mineralized zone at Agua Fria will be examined to determine:

  • Mineralogy
  • Lithium distribution
  • Lithium grade
  • Scope for beneficiation
  • By-product potential
  • Grade of by-products

Metallurgical testing will proceed in parallel with a drilling campaign planned for February 2017, with the aim of determining the best beneficiation method for the mineralized material and also obtaining the preferred commercial process of recovering specific metals. LIT and Alix consider efficient beneficiation to be of paramount importance in developing a commercial outcome for these deposits. LIT’s experience in hydrometallurgical process development will be of great benefit in evaluating and testing the beneficiation process to lithium extraction and finally production of lithium carbonate and hydroxide.

Firma’s GracePoint Mining Corp. announces completion of payments and confirmation of the Joint Venture with MX Gold Corp.

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http://www.marketwired.com/press-release/firmas-gracepoint-mining-corp-announces-completion-payments-confirmation-joint-venture-2190336.htm

HENDERSON, NV –(Marketwired – January 23, 2017) – Firma Holdings Corp. (OTC PINK: FRMA), through its subsidiary GracePoint Mining Corp., announces that, further to its news release dated October 25, 2016, MX Gold Corp. (TSX VENTURE: MXL) (FRANKFURT: ODV) (OTCQX: MXLGF) has paid all remaining installments, totaling $2.5 million USD, and has earned a 50% participating ownership interest and 45% net profit participating interest in the Magistral, Del Oro tailings project located in Mexico (the “Project“).

The project includes a 500 TPD Dynamic Cyanide counter current system plant. Construction of the plant was completed in 2013, for approximately $4.5 million and is in excellent condition. It is unencumbered and it is estimated that it can be fully operational within 4 to 6 months. Additionally, the Project includes the exclusive rights to process the mineralized mill tailings.

Mr. Bert McPherson, President and COO of MX Gold, stated: “After conducting weeks of due diligence on site in Durango, Mexico, I am confident and excited with value the Magistral Project is going to bring to MX Gold. The company and its shareholders can look forward to us reporting on our progress from Durango in the weeks to come.”

MX Gold Corp. Completes Acquisition of Magistral Joint Venture

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http://www.stockhouse.com/news/press-releases/2017/01/23/mx-gold-corp-completes-acquisition-of-magistral-joint-venture

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 23, 2017) – MX Gold Corp. (TSX VENTURE:MXL)(FRANKFURT:ODV)(OTCQX:MXLGF) (the “Company” or “MX Gold“) is pleased to announce that, further to its news release dated December 7, 2016, it has paid all remaining installments and has earned a 50% participating ownership interest and 45% net profit participating interest in the Magistral, Del Oro tailings project located in Mexico (the “Project“).

The Project includes a fully permitted, 500 tonne-per-day dynamic cyanide countercurrent system plant constructed in 2013 at a cost of approximately $4.5 million, which appears to be in excellent condition. The plant is unencumbered and it is estimated that the plant can be fully operational within four to six months. Additionally, the Project includes the exclusive rights to process the mineralized mill tailings.

 

Mexus adds additional property to its portfolio

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https://globenewswire.com/news-release/2017/01/17/906135/0/en/Mexus-adds-additional-property-to-its-portfolio.html

CARSON CITY, Nev., Jan. 17, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced that after careful deliberation the Company has determined to acquire the concessions comprising the San Felix Project.  Mexus has entered into land surface use agreements and concession purchase agreements for various land parcels which expired under the prior owner’s failure to pay. The agreements require a cash payment with term payments to the respective owners.  The Company also announces the execution of an agreement with MarMar Holdings Inc. whereby each company owns a 50% share of the San Felix Project and designates MarMar Holdings Inc. as the operator of the daily production activities.

Orex Completes First Option, Forms Joint Venture with Canasil at Sandra Escobar Project

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Click to access article_01162017090855.pdf

Vancouver, BC – Orex Minerals Inc. – (TSX-V: REX) (“Orex”) is pleased to announce that it has exercised the first option and formed a joint venture pursuant to an option agreement dated September 15, 2015 (the “Option Agreement”) with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”). Orex has earned a 55% ownership interest in the Sandra Escobar project in Durango state, Mexico (the “Project”) by paying Canasil CAD $500,000 upon signing and spending more than USD $2,000,000 in exploration and development at the Project. A joint committee will be formed to manage ongoing exploration at the Project with representation based on the proportional interest of each party. Under the terms of the Option Agreement, Orex had a second option to earn an additional 10% interest (for a total of 65%) by paying Canasil an additional CAD $500,000, and spending a further USD $2,000,000 on exploration and development at the Project in the next two years. Orex notified Canasil today that it would not be proceeding with the second option.

Millrock and Centerra Gold Form Strategic Alliance to Target Gold Projects in Sonora, Mexico

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/574-tsx-venture/mro/27989-millrock-and-centerra-gold-form-strategic-alliance-to-target-gold-projects-in-sonora-mexico.html

VANCOUVER, BC–(Marketwired – January 05, 2017) – Millrock Resources Inc. (TSX VENTURE: MRO) (“Millrock”) announces it has entered a strategic alliance agreement (“Alliance”) with Centerra Gold Inc. (“Centerra”). Under the Alliance Millrock will execute generative exploration and evaluate prospective properties to develop gold exploration projects. Centerra will provide funding of at least US$250,000 this year.

Millrock and Centerra may nominate projects developed under the Alliance that would become subject to an option to joint venture agreement between the companies. Multiple projects may result from Alliance work with a designated exploration budget for each project that will initially be funded by Centerra.

Alix and Lithium Australia Move towards Drill Phase at Agua Fria Lithium Discovery, Mexico

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http://www.fscwire.com/newsrelease/alix-and-lithium-australia-move-towards-drill-phase-agua-fria-lithium-discovery-mexico

Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to report the completion l of a Phase 2 budget with their Joint Venture partner, Lithium Australia, NL to initiate a drill program at its newly discovered Agua Fria site containing lithium-rich clay formations that constitute part of the Electra project, Sonora, Mexico.

 

Highlights of the Agua Fria discovery include:

 

  • Significant lithium-rich clay layers identified southwest of the large Tule Concession (Electra Project)

 

  • Clay horizons traced for approximately 4.5 km on strike, with indications of width attaining over 800 m.

 

  • Apparent thickness of target layers reaching 20-30 metres

 

  • Assays up to 1,190ppm Li. Additional assays pending

 

  • Successful concession applications accepted

 

  • The new concession included three ranches and Alix is currently negotiating for drill permitting, to be followed by environmental studies. There are no Ejido (community) surface (owner/co-op) rights requirements tied to the new concession application