trenching samples
Auxico Reports on new Gold Discovery at Aguamas Cuts 3m of 13.07 g/t Gold and 28.4 g/t Silver in a Channel Sample
MONTREAL, Oct. 24, 2017 (GLOBE NEWSWIRE) — Auxico Resources Canada Inc. (CSE:AUAG.CN) is pleased to provide initial sampling results of a single trench that yielded a 50m wide mineralized section grading 0.85 g/t Au including 3m of 13.07 g/t Au at the Aguamas property. This trench is located about 100 metres southeast of the Aguamas 2 historical mine, which returned samples of 14.87 g/t Au and 192.22 g/t Ag, and 25 metres northwest of the Aguamas 1 historical mine, where recent sampling returned 34.05 g/t Au and 97.78 g/t Ag. Examination of these past workings and exposed rock outcroppings indicated a series of quartz veins at multiple angles within a silicified volcanic breccia. The Aguamas property is located within the Company’s silver/gold property which contains 25 historic producers and occurrences. These gold and silver occurrences outline two regional trends that transect the property, anchored by past producers and field observations by Auxico’s geologists.
ALIX DEFINES LITHIUM TARGET OVER 2.5 KILOMETER STRIKE LENGTH ON THE AGUA FRIA PROJECT, SONORA MEXICO
http://www.alixresources.com/index.php?page=news&id=1241
October 16th, 2017, Vancouver, BC, Canada –ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that Perth-based lithium processing technologist, Lithium Australia NL (ASX: LIT)(“LIT”) has moved to a 54% controlling stake in the Electra lithium project in northwest Mexico. The project comprises the Tecolote, Tule, and Agua Fria concessions and is currently the subject of a farm-in and joint venture between Alix and LIT. LIT has the right under the JV terms to earn an ultimate 65% holding in Electra. Lithium Australia moved to the majority 54% ownership on completion of a recent drilling program.
This generated confirmation of a new 2.5 km-long, 25-50 m-thick mineralized zone lying on the western flank of the Agua Fria concession in what the JV partners described as the project’s best discovery yet.
The terms of the acquisition of the joint venture for the Stage 3 earn-in are described in the table below. LIT was requested by Alix the Stage 3 Joint Venture earn-in be accessed early to ensure the maiden drill campaign was not implement for lack of funds. All other terms of the Joint Venture Agreement remain fully enforceable.
Canuc samples high grade underground and confirms mineralized Breccia on surface
Click to access 10-Oct-12-CDA-Announces-HG-Underground.pdf
Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) reports high grade silver and gold assays from recent sampling of underground workings and from the Carranza breccia zones exposed on surface, nearby.
A 3-D modeling exercise indicates a concentration of higher grade silver and gold results in underground workings either side of a north-south fault that cross cuts the Santa Rosa mine workings. A program of check sampling was recently carried out to confirm and extend these high grade results along the Polvorin level located west of this fault.
The north-south fault that intersects the Santa Rosa Vein (SRV) trend is deemed to be geologically important as a carrier for silver and gold mineralization. It has been recently recognized that the Carranza and Cerro Colorado breccia zones, which manifest on surface, lie at the intersections of the north-south faults and the NE-SW SRV trend. There are at least four such north-south faults that cross the property.
Riverside Resources and Centerra Gold Complete Pitaya Target Drilling at the Glor Gold Project in Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA, Jun 19, 2017 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 19, 2017) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99), has completed an initial nine-hole diamond core drilling program at the 4 km2 Pitaya Target within the 36 km² Glor Gold Project (the “Project”), which is being explored with funding by partner, Centerra Gold Inc. (“Centerra”). The Project hosts five key target areas and is located approximately 8 km west of Alamos Gold’s El Chanate Mine in Sonora, Mexico. The recently completed drill program focused on the Pitaya Target located in the north-eastern sector of the Project, which had been defined by partner-funded soil geochemistry and induced polarization geophysical surveys and then further investigated with mechanical trenching and chip-channel sampling (see Company press releases issued on February 15 and April 17, 2017).
Mexican Gold Acquires Pueblo Nuevo and La Luz 1 Concessions at Las Minas Project
THUNDER BAY, ONTARIO–(Marketwired – May 16, 2017) – MEXICAN GOLD CORP. (the “Company” or “Mexican Gold “) (TSX VENTURE:MEX) is pleased to report that it has acquired a 100 % interest in the Pueblo Nuevo and La Luz 1 concessions at the Las Minas project, Veracruz State, Mexico.
Pursuant to the terms of the option agreement, the company acquired the Pueblo Nuevo and La Luz 1 concessions for US $ 150,000 plus VAT in cash. Mr. Ramon Farias Garcia, property owner, retained a 1.5% royalty, of which 0.5% can be purchased for US$ 500,000, plus VAT. Mexican Gold has a right of first refusal on the remaining 1% royalty.
Brian Robertson, Chairman, President and CEO stated, “We are very pleased to own a 100% interest in these two concessions. I wish to thank Mr. Farias for his strong support during the option period and willingness to renegotiate the option agreement on many occasions during difficult market conditions. We now look forward to advancing these properties, which contain historical mines with extensive workings, to the drill ready stage.”
Field Programs to Prepare for Drilling of Zenith’s American Lithium Portfolio Underway
Click to access 170501%20ZNC_American%20Lithium%20Update.pdf
Zenith Minerals Limited (“Zenith” or “the Company”) has previously announced (ASX Release 7 th March 2017) a funding deal with Bradda Head Ltd, a private company controlled by prominent UK investor Jim Mellon, to jointly unlock the potential of Zenith’s USA and Mexican lithium project portfolio. Zenith is now pleased to advise that field programs in Mexico funded by Bradda Head are underway, and the JV will shortly start lithium exploration activities in Arizona and Nevada. Initial activities on the projects include: Infill surface geochemical sampling of three lithium targets at Zacatecas in Mexico, with samples now collected and dispatched for analysis; An electrical geophysical survey at the Wilson Salt Flat lithium brine project in Nevada to determine the presence of brine and its depth, as a prerequisite to drill testing; Electrical geophysical surveys at San Vicente and San Juan lithium brine projects at Zacatecas in Mexico, as prerequisites to drill testing, along with preparation for drilling, including community and landholder liaison; Ongoing sighter metallurgical testwork at Burro Creek lithium clay project in Arizona, which has shown encouraging initial results. Further more definitive work is in progress to determine the options for the extraction of lithium & potassium; and Burro Creek state lease permitting for trenching & drilling and associated state lease renewal – as prerequisites to planned trenching & resource drilling.
NEW SILVER ZONE IDENTIFIED AT LA PLATA PROSPECT + SILVER-GOLD RICH FLEXURE IDENTIFIED AT SANTA EDUVIGES PROSPECT CUITABOCA PROJECT, MEXICO
Click to access 170421_La-Plata-Santa-Eduviges-Final-1.pdf
21 April 2017. Santana Minerals Limited (“Santana”) is pleased to announce recent diamond saw trenching results at the La Plata prospect some 2km north of the Jesus Maria prospect plus rock chip and diamond saw trenching results at the Santa Eduviges prospect south of the Mojardina prospect, all of which sit within the Company’s Cuitaboca Project in Sinaloa, Mexico
Riverside Resources and Centerra Gold Report Additional Trench Results and Commence Drilling at the Glor Gold Project
VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 17, 2017) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99), is pleased to report that partner-funded drilling has commenced 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. The 2017 exploration campaign commenced at the end of January with a program of mechanical trenching that yielded long intervals of disseminated gold mineralization at surface at the Pitaya Gold Zone (see Riverside’s press release on March 21, 2017).
A 2,000 metre diamond drilling program has now commenced with the first drill-holes designed to begin testing the newly discovered Pitaya Gold Zone, as well as induced polarization geophysical anomalies that are broadly coincident with this zone of mineralization. The mechanical trenching program, which has been employing a heavy-duty back-hoe, has been halted so that the project team can focus on the diamond drilling work.
Canuc Provides Details of 2013 Surface Sampling, San Javier Project, Sonora, Mexico
Click to access 04-APR-Details-of-Surface-Sampling-San-Javier-Project.pdf
Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to provide further information, previously compiled, pertaining to work done by Santa Rosa Silver Mining Corporation (“Santa Rosa”) on the San Javier Silver/Gold project. Subsequent to the underground sampling program conducted in 2012, a program of reconnaissance mapping, prospecting and sampling was carried out under the guidance of Seymour Sears, P.Geo, whose NI 43-101 report on the San Javier project can be viewed on SEDAR. During this program, a total of 9 prospects were identified within the property. Including the surface exposures at Santa Rosa/Polvorin mine, located near the southwest end of the property, a mineralized “corridor” about 200 m wide extends across the length of the property, a distance in excess of 3,000 m to the northeast.