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Endeavour Silver provides a Q2 2024 construction progress update on Terronera; the surface construction progress has reached 77% completion
https://ca.finance.yahoo.com/news/endeavour-silver-provides-q2-2024-105000470.html
Endeavour Silver Corporation
Wed, July 24, 2024 at 3:50 a.m. PDT·6 min read
EXK
-1.09%
VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to provide a Q2 2024 construction progress update for its Terronera Project in Jalisco state, Mexico. A photo gallery presentation accompanies this news release and can be found here or on the Company website at Terronera Project Progress Photos. All dollar ($) references in this news release are United States dollars.
The Terronera project continued to make significant progress in the second quarter, as concrete and structural steel work are nearing completion on the Upper Plant Platform for areas including crushing, coarse-ore storage, grinding, flotation, and thickening. The Project remains on track for commissioning in Q4 2024 as major mechanical installations continued to advance on schedule.
"Construction is well past the halfway mark, and site activities are beginning to peak," commented Don Gray, Chief Operating Officer. "We are very pleased with the advance at the Upper Platform, which should be ready for dry commissioning in Q3 2024. We are concentrating resources on the Lower Platform to finalize earthworks and begin concrete works in early Q3. Underground mine development continues advancing in line with expectations as we accessed ore in Q2. We are extremely pleased with our Terronera team and their progress. With project completion in sight, our focus has expanded to implementing our business readiness plan as we prepare for operating Endeavour's next core asset."
Q2 2024 Construction and Development Highlights
As of June 30, 2024, site works and activities included:
Safety – The highest workplace priority is the health and safety of our employees and contractors, with a commitment to provide the tools, training, and resources needed to identify risks and apply effective controls. Recently, underground operations increased rescue brigade participation by 40%, and two self-contained mine refuge stations were installed.
Progress – Overall project progress (mine development and surface construction) reached 64.5% completion, with more than $204 million (1) of the project's budget spent to date. Project commitments total $260 million (1,2), 96% of the $271 million capital budget.
Engineering – Efforts have transitioned to construction support. During the quarter, a detailed design was completed for the tailing storage facility, Portal 2 waste dump, and the Lower Platform excavation.
Mine Development – Over the quarter, over 1,270 meters were developed underground, totaling nearly 4,500 meters.
Upper Platform Plant Site – Surface mill and infrastructure construction is 88% complete and progressing on schedule. Concrete work and structural steel erection are 100% complete.
Primary Crusher – Structural and mechanical construction is complete on the conveyor and apron feeder support steel, and the apron feeder was placed in position. Conveyors are belted, and belts vulcanized. Cabling and terminations are ongoing.
Coarse Ore Stockpile and Reclaim ("COS") Tunnel – SAG Feed Conveyor and belt were installed. Piping, electrical, and instrumentation are ongoing.
Grinding – SAG and ball mill are installed. Piping, mechanical, electrical, and instrumentation are ongoing.
Flotation – Piping, mechanical, electrical, and instrumentation are ongoing. Flotation equipment, including blowers, instruments, and valves, is expected to be procured in early Q3.
Tailing Thickener – The Tailings thickener is complete and signed off. Some steel modifications, such as piping, mechanical, electrical, and instrumentation, are ongoing. Procurement monitoring of some equipment (tanks), instruments, and valves is ongoing.
Lower Facilities Platform and Tailing Storage Facility – Excavation for the tailing storage facility embankment key trench was over 95% complete, and the Lower Platform area was nearly 50% complete. Concrete work on the lower platform is scheduled to start in early Q3.
Procurement – Bulk materials purchase orders have been released, and lead times are aligned with the current schedule. The Procurement team has focused on critical path purchases, such as electrical components and transfer chutes, and reducing bulk material lead times to increase schedule float.
Onsite Personnel – At the end of Q2, the workforce increased to over 190 Endeavour employees and over 700 contractor workers.
Community Relations – Local community support continues to be a major commitment. A plant-operator training program for local community members has been established. The Company is also preparing a comprehensive training and support services plan for groups and individuals seeking to form businesses that can provide local goods and services.
Environmental – Environmental and social impact assessment initiatives continue and will be presented in early Q3 (July 2024), with a 3-month delay compared to the schedule outlined under the Equator Principles requirements for project loan financing.
Next Steps and Planning
The Terronera Project remains on track for commissioning in Q4 2024.
For Q3 2024, surface construction will continue to focus on mechanical, piping, and electrical installations. Completing the Lower Platform excavation is anticipated to be no later than mid-Q3 2024. Concrete work for the tailing and concentrate filtration areas is expected to begin in early Q3 2024, with the LNG and power generation areas to follow. The Company anticipates commissioning using temporary power with the LNG and power generation to be operational subsequent to commissioning. The temporary power has been planned and is expected to be available for Q4. Concentrate and tailing filtration structural, mechanical, and electrical installations will commence as concrete work is completed.
Mine development in Portals 1, 2, and 4 declines will continue, with a test long-hole stop being developed in Q3 2024. Initial long-hole production is planned for early Q4, followed by cut-and-fill mining; ore will be stockpiled for mill ramp-up. At La Luz, development activities are anticipated to begin in Q3, with the portal being constructed and the ramp to ore access being advanced in Q4.
The critical path remains the TSF, Lower Platform construction, and the advancing underground mine.
Visit www.terronera.com, our dedicated project website, to stay informed on the ongoing development at Terronera. Explore updates, learn about our commitment to environmental stewardship, and discover the positive impacts on local communities.
About Endeavour Silver: Endeavour is a mid-tier precious metals company committed to sustainable and responsible mining practices. With operations in Mexico and the development of the new cornerstone mine in Jalisco State, the Company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile, and the United States, which has helped it achieve its goal of becoming a premier senior silver producer.
Contact Information
Allison Pettit, Director of Investor Relations
Tel: (604) 640 4804
Email: apettit@edrsilver.com
Website: www.edrsilver.com
Follow Endeavour Silver on Facebook, X, Instagram and LinkedIn
Footnote:
Financial figures are based on a preliminary estimate. Final unaudited figures will be released with the Q2 2024 financial statements on August 1, 2024.
Project commitments include total project expenditures.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding the development and financing of the Terronera Project, including capital cost estimates, the anticipated timing of the project construction, Terronera's forecasted operations, costs and expenditures, and the timing and results of various related activities. The Company does not intend to and does not assume any obligation to update forward-looking statements or information other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties, and other factors that may cause Endeavor's actual results, level of activity, production levels, performance, or achievements, and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited changes in production and costs guidance; the ongoing effects of inflation and supply chain issues on mine economics; national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada, Chile, the USA and Mexico; financial risks due to precious metals prices; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development; risks in obtaining necessary licenses and permits; satisfaction of conditions precedent to drawdown under the project loan debt facility; the ongoing effects of inflation and supply chain issues on the Terronera Project economics; fluctuations in the prices of silver and gold, fluctuations in the currency markets (particularly the Mexican peso, Chilean peso, Canadian dollar and US dollar); and challenges to the Company's title to properties; as well as those factors described in the section "risk factors" contained in the Company's most recent form 40F/Annual Information Form filed with the SEC and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's mining operations, no material adverse change in the market price of commodities forecasted Terronera mine economics as of 2024, mining operations will operate, and the mining products will be completed under management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, other factors may cause results to be materially different from those anticipated, described, estimated, assessed, or intended. There can be no assurance that any forward-looking statements or information will be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
VIZSLA SILVER DELIVERS EXCEPTIONAL ECONOMICS FOR PANUCO IN PRELIMINARY ECONOMIC ASSESSMENT
After-Tax NPV (5%) of US$1,137 million, After-Tax IRR of 85.7%, Initial Capex of US$224 million, Average Annual Production of 15.2 million oz AgEq at AISC of US$9.40 per oz AgEq
https://www.newswire.ca/news-releases/vizsla-silver-delivers-exceptional-economics-for-panuco-in-preliminary-economic-assessment-869772432.html
Vizsla Silver Corp. Jul 24, 2024, 06:00 ET
NYSE: VZLA TSX-V: VZLA
Gatos Silver Reports Continued South-East Deeps Extension Drilling Results at Cerro Los Gatos and Provides Update on Regional Exploration Program
https://ca.finance.yahoo.com/news/gatos-silver-reports-continued-south-201500328.html
Gatos Silver, Inc.
Tue, July 23, 2024 at 1:15 p.m. PDT·20 min read
GATO
-4.18%
VANCOUVER, British Columbia, July 23, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO)
MAG Announces Second Quarter 2024 Production From Juanicipio and Increases Grade Guidance
https://ca.finance.yahoo.com/news/mag-announces-second-quarter-2024-105500881.html
MAG Silver Corp.
Wed, July 24, 2024 at 3:55 a.m. PDT·4 min read
MAG
+2.11%
VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG)
Colibri/Tocvan Hits on Exploration Drillholes 450m and 600m Southeast of Main Zone Drills 0.5 g/t Gold and 22 g/t Silver Over 7.6-meters and Expands Mineralized Strike Length Over 900-meters
https://www.accesswire.com/892032/tocvan-hits-on-exploration-drillholes-450m-and-600m-southeast-of-main-zone-drills-05-gt-gold-and-22-gt-silver-over-76-meters-and-expands-mineralized-strike-length-over-900-meters
Wednesday, 24 July 2024 08:30 AM
Highlights:
4-T Trend Exploration Drilling Hits 450m Southeast of Main Zone
JES-24-96, 126.6 meters of 0.1 g/t Au and 2 g/t Ag from surface
Including, 7.6 meters of 0.5 g/t Au and 22 g/t Ag
Including, 1.5 meters of 1.5 g/t Au and 62 g/t Ag
And 1.5 meters of 0.6 g/t Au and 46 g/t Ag
North Hill Trend Exploration Drilling Hits 600m Southeast of Main Zone
JES-24-97, 15.3 meters of 0.1 g/t Au and 2 g/t Ag from 16.8 meters depth
Including, 3.1 meters of 0.3 g/t Au and 5 g/t Ag
Also, 22.9 meters of 0.1 g/t Au and 6 g/t Ag from 155.6 meters depth
Including, 3.1 meters of 0.2 g/t Au and 45 g/t Ag
Infill on Edge of North Hill and Main Zone Trends, 250m Southeast of Main Zone
JES-24-98, 22.9 meters of 0.2 g/t Au and 1 g/t Ag from 24.4 meters depth
Including, 1.5 meters of 0.5 g/t Au and 7 g/t Ag
And 1.5 meters of 0.6 g/t Au
Also, 1.5 meter of 0.7 g/t Au
Three holes Released, All Three Intersect Mineralization
Major Producer Continues District Scale Review of Multi-Million Ounce Potential
Surface Sampling Ongoing to Define Large-Scale Footprint
CALGARY, AB / ACCESSWIRE / July 24, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3
Minaurum Commences Drill Program to Define Maiden Resource at Alamos Silver Project
https://www.newsfilecorp.com/release/217335
July 23, 2024 8:30 AM EDT | Source: Minaurum Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum" or "the Company") is pleased to announce the commencement of a minimum 8,000-metre drill program designed to establish an initial National Instrument 43-101 inferred mineral resource at its 100%-owned and fully permitted Alamos silver project ("Alamos") in Sonora, Mexico. Drilling will focus initially on three silver targets including the Europa vein, the historic Promontorio vein zone, and the Promontorio Sur vein zone. These zones were prioritized out of the 19 vein zones that returned high-grade silver drill results.
"We are excited to progress our first three vein zones to a maiden resource. Delivering a resource will begin to align our geological advancements with those we have already made on the permitting side," stated Darrell Rader, President and CEO of Minaurum Gold. "Since we began exploring Alamos, we followed a two-pronged strategy of de-risking the project through simultaneous exploration and permitting. With production permits in place, an initial resource will further our plan of developing Alamos into a turn-key Tier-One silver asset. We plan to complete the resource by the end of 2024 followed by resource-expansion drilling on additional high-grade silver vein zones in 2025."
Minaurum has drilled 42,317 m in 106 core holes on 19 of the 26 vein zones discovered at the Alamos silver project from 2017 - 2023. Fifty-nine core holes totaling 19,909 m were drilled on the Promontorio and Europa vein zones (Figure 1). The maiden inferred mineral-resource drill program will include infill drilling at the Promontorio vein, and step-out drilling down-dip and along-strike at the Europa and Promontorio Sur veins. Exploration has been concentrated in the 5,000-ha northeastern portion of the 37,928-ha land package. Considerable exploration potential remains in the rest of the concession block.
Europa Vein Zone
The Europa vein zone hosts Minaurum's first discovery hole, AL17-007, which returned 8.25 m grading 1,760 g/t Ag or 2,086 g/t AgEq at 350 m down-dip from surface. The vein zone trends north-northeast and has been traced for nearly 2 km on surface and occurs in volcanic rocks along a normal fault contact with footwall granodiorite, dipping consistently -55 degrees to the east-southeast. Drilling has intersected it more than 400 m down dip and it remains open along strike and down dip (Figure 2).
Figure 1. Europa, Promontorio, and Promontorio Sur vein zones at the Alamos silver project.
Click image to enlarge.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3455/217335_743e153fd4277b2e_003full.jpg
Europa drilling to date totals 10,651 m in 28 holes cutting the vein zone at 75- to 100-m spacings. The planned program for 2024 includes infill and step-out drilling down-dip and along strike. Highlights of prior Minaurum drilling at Europa include:
8.25 m of 1,760 g/t Ag, 1.6% Cu, 1.5% Pb, and 2.6% Zn or 2,086 g/t AgEq incl. 2.2 m of 5,098 g/t Ag, 2.76% Cu, 0.5% Pb, and 1.18% Zn or 5,477 g/t AgEq (Hole AL17-007)
3.50 m of 404 g/t Ag, 0.54% Cu, 1.30% Pb, 1.81% Zn or 572 g/t AgEq incl. 1.15 m of 999 g/t Ag, 1.29% Cu, 2.98% Pb, 2.98% Zn or 1,346 g/t AgEq (Hole AL20- 042)
3.85 m of 342 g/t Ag, 0.76% Cu, 1.03% Zn or 491 g/t AgEq incl. 0.80 m of 1,185 g/t Ag, 2.19% Cu, 1.2% Zn or 1,538 g/t AgEq (Hole AL20-054)
Figure 2. Europa vein zone, showing 2017-2021 Minaurum holes (green dots and solid black lines) and step-out holes planned for 2024 (blue dashed lines). Note that Europa is open along strike and down dip.
Click image to enlarge.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3455/217335_743e153fd4277b2e_004full.jpg
Promontorio and Promontorio Sur Vein Zones
The 1 km-long Promontorio vein zone consists of the Veta Grande, Veta del 100, and Veta Las Guijas (Figure 3). The individual veins are hosted in faulted volcanics, altered limestone, and intrusive rocks. A fourth, unexploited vein lies about 100 m west of the Veta del 100 (see Minaurum news release dated February 6, 2020). Promontorio Sur is the faulted-off, down-dropped, and unexploited southern extension of the Las Guijas vein.
Although the Promontorio mine is estimated to have produced as much as 70 million ounces of silver up to the 1890s, subsequent drilling has shown that it ended in mineralization and is open at depth and along strike. At Promontorio and Promontorio Sur, Minaurum has drilled 29 holes totaling 9,258 m. In addition, Minaurum has partially rehabilitated the haulage level of the old mine workings, providing access to underground vein exposures (see Minaurum news releases dated November 15, 2022, and March 2, 2023). Drilling to date has cut high-grade mineralization up to 135 m below the Las Guijas vein as well as below the Veta Grande and Veta del 100, indicating potential for additional high-grade mineralization at depth and along strike. The 2024 program will include infill drilling to establish 75- to 100-m spacings between vein intersections, as well as step-out drilling.
Highlights of Minaurum's drilling at Promontorio include:
20.2 m of 154 g/t Ag, 0.5% Cu, 2.3% Pb, 6.8% Zn or 455 g/t AgEq (Hole AL17-004)
3.8 m of 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn or 1,309 g/t AqEq incl. 0.95 m of 1,566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn or 3,282 g/t AgEq (Hole AL19-025)
7.6 m of 266 g/t Ag, 0.27 g/t Au, 0.57% Cu, 1.60% Pb, 3.17% Zn or 461 g/t AgEq, incl. 2.9 m of 636 g/t Ag, 1.36% Cu, 3.9% Pb, 7.17% Zn or 1,204 g/t AgEq (Hole 20-044)
3.1 m of 1,197 g/t Ag, 1.38% Cu or 1,334 g/t AgEq (Hole AL20-046)
3.7 m of 528 g/t Ag, 0.83% Cu, 2.43% Pb, 1.47% Zn or 761 g/t AgEq (Hole AL20-064)
1.0 m of 327 g/t Ag, 0.97 g/t Au, 0.23% Cu, 2.53% Pb and 6.62% Zn or 748 g/t AgEq (Hole AL20-069)
1.1 m of 729 g/t Ag, 1.73 g/t Au, 0.13% Cu, 3.05% Pb and 5.73% Zn or 1,186 g/t AgEq (Hole AL19-034)
Figure 3. Promontorio vein zone, showing 2017-2022 drilled holes (green dots and black traces) and proposed 2024 holes (blue dashed lines). Note that Promontorio Sur block is down-dropped with respect to the main Promontorio zone along NW-striking fault.
Click image to enlarge.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3455/217335_743e153fd4277b2e_005full.jpg
Weight-averaged silver-equivalent grades are based on May 1, 2024, Kitco.com metal prices: Ag $26.90/oz, Au $2,303.00/oz, Cu $4.52/lb, Pb $1.09/lb, Zn $1.43/lb.
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Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) is a Mexico-focused explorer concentrating on the high-grade 100% owned, production-permitted Alamos silver project in southern Sonora. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value to develop and acquire a pipeline of potential Tier-One precious-metal projects. Minaurum provides significant exposure to precious and base metals.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu - Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
___________________________________________________________________________
1570- 200 Burrard Street
Vancouver, BC V6C 3L6
Telephone 1 778 330-0994
www.minaurum.com
info@minaurum.com
Data review and verification: Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person (QP) as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this News Release. Verification was done by visual inspection of core samples and comparison to assay results. Assay results have not been checked by re-analysis. No factors were identified that could materially affect the accuracy or reliability of the data presented in this news release.
Analytical Procedures and Quality Assurance/Quality Control: Preparation and assaying of drilling samples from Minaurum's Alamos project are done with strict adherence to a Quality Assurance/Quality Control (QA/QC) protocol. Core samples are sawed in half and then bagged in a secure facility near the site, and then shipped by a licensed courier to ALS Minerals' preparation facility in Hermosillo, Sonora, Mexico. ALS prepares the samples, crushing them to 70% less than 2mm, splitting off 250g, and pulverizing the split to more than 85% passing 75 microns. The resulting sample pulps are prepared in Hermosillo, and then shipped to Vancouver for chemical analysis by ALS Minerals. In Vancouver, the pulps are analyzed for gold by fire assay and ICP/AES on a 50-gram charge. In addition, analyses are done for a 48-element suite using 4-acid digestion and ICP analysis. Samples with silver values greater than 100 g/t; and copper, lead, or zinc values greater than 10,000 ppm (1%) are re-analyzed using 4-acid digestion and atomic absorption spectrometry (AAS).
Quality-control (QC) samples are inserted in the sample stream every 20 samples, and thus represent 5% of the total samples. QC samples include standards, blanks, and duplicate samples. Standards are pulps that have been prepared by a third-party laboratory; they have gold, silver, and base-metal values that are established by an extensive analytical process in which several commercial labs (including ALS Minerals) participate. Standards test the calibration of the analytical equipment. Blanks are rock material known from prior sampling to contain less than 0.005 ppm gold; they test the sample preparation procedure for cross-sample contamination. In the case of duplicates, the sample interval is cut in half, and then quartered. The first quarter is the original sample, the second becomes the duplicate. Duplicate samples provide a test of the reproducibility of assays in the same drilled interval.
When final assays are received, QC sample results are inspected for deviation from accepted values by the QP. To date, QC sample analytical results have fallen in acceptable ranges on the Alamos project.
ALS Minerals is independent of Minaurum Gold and is independent of the Qualified Person.
Cautionary Note Regarding Forward Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
In making the forward-looking information in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum's current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Minaurum Gold Inc.
Sierra Madre Commences Test Mining and Processing at Guitarra and Announces Accelerated Timeline to Commercial Production
https://www.newsfilecorp.com/release/217408
July 23, 2024 7:00 AM EDT | Source: Sierra Madre Gold & Silver
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the commencement of test mining and processing at the Guitarra Mine Complex in Estado de Mexico, Mexico. The flotation plant has processed 5,698 dry tonnes (5,943 wet tonnes) of mineralized material from the Guitarra mine and is currently averaging 259 dry tonnes per day (tpd). This marks a significant milestone for the Company in the path to returning Guitarra to full commercial production of 500 tpd, which is now projected to commence in Q4 2024.
Greg Liller, Executive Chairman and COO of Sierra Madre, states, "Since acquiring Guitarra on March 30, 2023, our team has been working hard to get the mine back into commercial production. The commencement of test mining and processing is a significant step in that direction. I wish to thank Fransisco Correa, General Manager of Guitarra, Luis Saenz, Managing Director of Mexican Operations, and the Guitarra team for their outstanding work in getting us to this milestone event. The flotation plant has been in continuous 24-hour-a-day operation since the 25th of June, demonstrating the value and quality of work the Plant Operating Team did during the refurbishment program. The Mine Department began stockpiling development material on June 20th using the underground equipment our Maintenance Department rebuilt augmented by newly purchased equipment. The contributions of everyone on the Guitarra team to this milestone event have been invaluable and are deeply appreciated."
Opening day ceremonies were recently attended by the Presidents of the Municipio of Temascaltepec de Gonzales and San Simon de Gurrero, representatives of the Estado de Mexico government, elected leaders of the local communities and the Company's Board of Directors.
The Company currently has four operating Scoop trams, one low-profile haul truck and a Jumbo drill which were rebuilt by the Maintenance Department. In addition, the Company has purchased an 18-tonne dump truck for surface and underground haulage and a Stopemate long-hole drilling machine. The current test mining is using long hole and shrinkage mining techniques, with cut-and-fill operations planned to begin shortly. The current mine equipment availability is running at 88%, a clear indication of the quality and progress of the work that went into rebuilding the mining fleet.
The flotation plant has three ball mills:
a 5' x 8' mill, with a capacity of 84 tonnes per day (tpd);
an 8' x '6 mill, with a capacity of 204 tpd;
a 7' x 10' mill, with a capacity of 228 tpd.
The 5' x 8' and 8' x 6' ball mills operate and run at 94% of nameplate capacity. The 7' x 10' mill will be phased into operation as test mining progresses toward the planned 500 tpd throughput.
The mine currently employs 188 people, most from the local community. Many recently hired workers had previously worked at the mine and their return to Guitarra gives the company an experienced workforce with an in-depth knowledge of the mine.
Figure 1: Guitarra Opening Ceremonies
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10436/217408_e54ac33cb46e4b80_002full.jpg
Figure 2: Guitarra Opening Ceremonies
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10436/217408_e54ac33cb46e4b80_003full.jpg
Figure 3: Guitarra Opening Ceremonies
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10436/217408_e54ac33cb46e4b80_004full.jpg
Cautionary Note Regarding Production Decisions
The Company's decision to potentially place the mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports from previous operations. The Company is not basing any production decisions on NI 43-101 compliant reserve estimates, preliminary economic assessments or feasibility studies and, as a result, there is greater risk and uncertainty as to future economic results from the Guitarra Mine Complex, including increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision.
Qualified Person
Mr. Gregory Smith, P. Geo, Director of Sierra Madre, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release. Mr. Smith has verified the technical and scientific data disclosed herein.
About Sierra Madre
Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development and exploration company focused on evaluating the potential of restarting the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted, past-producing underground mine, which includes a 500 t/d processing facility that operated until mid-2018.
The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource.
Sierra Madre's management team has played key roles in managing the exploration and development of more than 22Moz gold and 600Moz silver in combined mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.
On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,
"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
1-604-765-1604
Contact:
investor@sierramadregoldandsilver.com
Cautionary Note Regarding Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking statements include, without limitation, statements regarding discussions of future plans, including the Company's plan to return the Guitarra mine to full commercial production and the expected timing and production levels thereof.
The forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that predicted production levels will be achieved and that existing production levels will be maintained.
In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will be able to execute its future plans as intended, that predicted production levels will be achieved and that existing production levels will be maintained.
Although management of the Company has attempted identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
SOURCE: Sierra Madre Gold and Silver Ltd.
SOURCE: Sierra Madre Gold & Silver
Silver Viper Completes Acquisition, Secures 100% Ownership of La Virginia Project
https://www.newswire.ca/news-releases/silver-viper-completes-acquisition-secures-100-ownership-of-la-virginia-project-857476507.html
Silver Viper Minerals Corp. Jul 22, 2024, 09:00 ET
VANCOUVER, BC, July 22, 2024 /CNW/ - Silver Viper Minerals Corp. (the "Company" or "Silver Viper") (TSXV: VIPR) (OTC: VIPRF) announces that further to its press release April 6, 2023 and October 20, 2023, it has completed the terms of the amended Rubi-Esperanza Option Agreement (the "Agreement") with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the La Virginia Gold-Silver Project ("La Virginia" or the "La Virginia Project"), located in the Sierra Madre of eastern Sonora State, Mexico.
"Silver Viper is thrilled to announce that we now fully own the entire La Virginia Project," said Steve Cope, CEO of Silver Viper Minerals Corp. "Completing the terms of the Rubi-Esperanza Option Agreement and acquiring 100% ownership of these key mineral concessions marks a significant milestone for our company. This achievement not only enhances our position in Mexico, but also strengthens our commitment to advancing the La Virginia Gold-Silver Project. We are excited about the potential this project holds and look forward to the next phase of exploration and development."
The Company made the final payment of US$775,000 (or C$1,042,142.50, based on a fixed exchange rate of US$-C$ of 1.3447 set out in the amendment) of Shares issuable by the Company to satisfy the final payment under the Agreement in June 2024. Per the Amendment, the Company must issue no more than 10,969,921 at a deemed price per share of C$0.095. The Company confirms it issued the vendors an aggregate of 10,969,921 Shares on June 27, 2024. The Company also made the final cash payment of US$200,000 to the vendors.
All Shares issued in connection with the Agreement are subject to a statutory 4-month hold period from their respective date of issue. In addition, for a one-year period following the expiry of the applicable statutory hold period, the vendors may not sell such Shares and then may only do so after providing at least 2 weeks' notice to the Company of their intension to sell any such Shares.
The vendors are at arm's length to the Company and its Affiliates or Associates (as such terms are defined in the TSXV Corporate Financial Manual).
About the Project
La Virginia is located 220 kilometres east-northeast of Hermosillo, Sonora and is prospective for low-sulphidation epithermal precious metal mineralization. The property and historical exploration database were acquired by way of option agreements made with two distinct parties. Gold and silver mineralization at La Virginia occurs within breccias, veins and stockworks, hosted primarily by andesitic volcanics, often in close spatial association to, or cross-cutting pre-mineral dacite dykes and controlled by fractures and faults that define the regional structural trend. Silver Viper's reconnaissance program identified key targets and trends which are of primary interest and subsequently filed strategic reductions in claims to attain the current project surface area of 6,882 hectares.
Silver Viper has completed a total of 141 drill holes at La Virginia for a combined 44,687 metres. Exploration drilling has paused awaiting the processing of the geophysical survey data along with the interpretation of mapping and sampling data. Drilling has been completed by Hermosillo-based drill contractor, Globexplore Drilling Corp. Drilling by the Company to date builds upon a sizeable database of recent historical work.
About the Company
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in the northwestern Mexican state of Sonora. The Company is operator and 100% owner of the La Virginia Gold-Silver Project. Silver Viper is under management provided by the Belcarra Group, which is comprised of highly qualified mining professionals.
ON BEHALF OF THE BOARD OF DIRECTORS,
Steve Cope
President and CEO
Forward Looking Information
Information set forth in this press release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development, the ability of the Company to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in the Company's financial statements available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Silver Viper Minerals Corp.
For Further Information, please contact Silver Viper Minerals Corp. at 604-687-8566, email info@silverviperminerals.com or visit our website at www.silverviperminerals.com.
Starcore/ Xali Gold Enters Agreement for Mining in Historic Underground Workings, Exploration and Reducing Debt at El Oro Mexico
https://ca.finance.yahoo.com/news/xali-gold-enters-agreement-mining-110000482.html
Xali Gold Corp.
Mon, July 22, 2024 at 4:00 a.m. PDT·5 min read
CGDXF
0.00%
VANCOUVER, British Columbia, July 22, 2024 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or “the Company”) is very pleased to announce it has signed a legally binding Letter of Intent (“LOI”) with Rio Verde Resources (“Rio Verde”) on portions of five mining concessions within the El Oro Mining District (“El Oro 5 Concessions”) in the State of Mexico and Michoacán de Ocampo, Mexico.
Rio Verde has been granted the exclusive right to explore and extract gold, silver and any other economic minerals that may be found above the 2400 metre (“m”) level in the historic workings covered by the El Oro 5 Concessions in exchange for payment of a 3% Net Smelter Return (“NSR”) to Xali Gold. The initial agreement has a term of 5 years which may be extended for an additional 5 years providing Xali Gold is receiving benefits totalling $1 Million (“M”) per year. Xali Gold retains the exclusive ownership of all mineral bodies discovered or delineated below the 2400 m level.
“There couldn’t be a better time, since we acquired the property in 2006 and gold prices were much lower than the current $2400 per ounce, to be monetizing the mineralization left behind in the historic workings and to be exploring for new mineral bodies,” states Joanne Freeze, President and CEO of Xali Gold. “Rio Verde is well known for their ability to get into production in record time, to make good profits and to discover mineral deposits. This new partnership will allow us to keep all the exploration upside we have demonstrated by our previous drilling underneath the historic workings, while we work together with Rio Verde to test exploration concepts and get underground access for future drilling as well as pay back our debts on the mineral rights.”
Keith Piggott of Rio Verde has advised us that their production will initially focus on the exploration target identified by Luismin-Hillsborough in 1993. Luismin-Hillsborough estimated there to be a potential for 762,000 ounces (“ozs”) gold (“Au”) and 9.8M ozs silver (“Ag”) (6.89M tonnes grading 3.44 g/t Au and 44 g/t Ag) in the historic workings after studying 2,600, 2 m interval mine level plans with grades, sections and production documentation as well as 8 new drill holes. The mineralization is understood to have been left behind in in-situ vein, pillars and back-fill as it had grades below historical cut-off of 8 g/t Au.
The LOI shall initially pertain to only the 5 mining concessions of El Carmen, El Oro VII, Dos Estrellas 77 Fracc.1, Dos Estrellas 77 and Dos Estrellas 77 Fracc. II. Rio Verde shall maintain the concessions in good standing during this period, by paying the semi-annual concession fees, by incurring the minimum investments and the corresponding filings with the Mexican Mines Bureau, by making the filings of statistical reports and by paying the Governmental Royalties.
In addition to the 3% NSR payments, Rio Verde has agreed to provide funding to pay concession fees owing, initially on the 5 Concessions they plan to mine. Rio Verde and Xali Gold will collaborate to negotiate a payment plan with the Mexican Tax Authority for mineral rights fees owed over the last 5 years (all fees owing prior to that are no longer due).
Funds provided for concession fees will be provided as participation in a Private Placement in Xali Gold under the following terms: A Unit comprising one share and one-half warrant will be priced at CAD$0.05. A full warrant will be exercisable at CAD$0.10 per share for two years. Xali Gold will grant Rio Verde the right to participate in future Private Placements, terms of which will be in the context of the market at the time when the funds are provided. Such funds are expected to come from income generated from operations on the five concessions and will be used to assist Xali Gold in paying off the remaining fees due on the rest of the El Oro Property.
Rio Verde has also been granted the right to appoint an additional member to the Board of Xali Gold and to the position of Chair of the Board, when Rio Verde holds greater than 20% of the outstanding shares in the Company, provided that person is deemed qualified by the current Board of Xali Gold.
About Rio Verde Resources
Rio Verde is a private company controlled and managed by Keith Piggott, the former President and CEO of Goldgroup Mining Inc. and Core Gold Inc. Mr. Piggott is a mining engineer with over 50 years of experience in Zambia, Australia and PNG, Mexico and South America. In the recent past, as well as significant exploration success, he has started 3 mines: Cerro Colorado, El Boludo and Cerro Prieto in Sonora, Mexico plus a green-fields start in a record time of 3 months in Ecuador. These mines have collectively produced approximately 500,000 ozs of gold to date.
About Xali Gold
Xali Gold has gold and silver projects in Peru and Mexico. The Company’s flagship project El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4M ozs of gold and 74M ozs of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin Nr. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores).
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200m.
Xali Gold is dedicated to being a responsible Community partner.
Joanne C. Freeze, P.Geo., President and CEO is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. Ms. Freeze has reviewed and approved the contents of this release. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information
This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to historical production records. While such forward-looking information is expressed by Xali Gold in good faith and believed by Xali Gold to have a reasonable basis, they may address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Xali Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Xali Gold expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Xali Gold Corp.
“Joanne Freeze” P.Geo.
President, CEO and Director
For further information please contact:
Joanne Freeze, President & CEO
Tel: + 1 (604) 689-1957
info@xaligold.com
Sierra Metals Completes the Sale of the Cusi Mine
https://ca.finance.yahoo.com/news/sierra-metals-completes-sale-cusi-110000704.html
Business Wire
Fri, July 19, 2024 at 4:00 a.m. PDT·4 min read
SMTSF
-3.60%
TORONTO, July 19, 2024--(BUSINESS WIRE)--Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF | BVL: SMT) ("Sierra Metals" or the "Company") is pleased to announce, further to the May 22, 2024 news release, the completion of the sale of the Cusi Mine and surrounding mineral concessions located in Mexico (collectively, the "Cusi Mine") to Minera San Bernabé, S.A. de C.V., a subsidiary of Silverco Mining Corp. ("SMC").
The Company sold the Cusi Mine for US$2.5 million in cash and a 2.0% net smelter royalty in respect of the Cusi Mine granted in favour of Sierra Metals (the "Royalty")1. SMC has the right to purchase one-half of the Royalty at any time in exchange for a cash payment to Sierra Metals of US$5.0 million.
The sale of Cusi Mine will allow the Company to direct its full efforts and resources to grow its two core assets, the Yauricocha polymetallic mine in Peru and the copper-producing Bolivar mine in Mexico.
About Sierra Metals
Sierra Metals is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The Company is intent on safely increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company has large land packages at each of its mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.
Forward-Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Sierra and reflect management's expectations or beliefs regarding such future events and anticipated performance based on an assumed set of economic conditions and courses of action. In certain cases, statements that contain forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will allow", "occur" or "be achieved" or the negative of these words or comparable terminology. By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of Sierra to be materially different from any anticipated performance expressed or implied by such forward-looking information.
Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risk Factors" in the Company's annual information form dated March 15, 2024 for its fiscal year ended December 31, 2023 and other risks identified in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.
The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company's statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.
1 The Royalty was reduced to 0.5% in respect of two (2) surrounding mineral concessions comprising part of the Cusi Mine which the Company believes are not material.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240719218730/en/
Contacts
For further information regarding Sierra Metals, please visit www.sierrametal.com or contact:
Investor Relations
Sierra Metals Inc.
+1 (866) 721-7437
info@sierrametals.com
Asia Broadband Surpases Double Gold Production In 1?? Quarter, Prior To Ore Stockpile Processing Plant Completion
https://ca.finance.yahoo.com/news/asia-broadband-surpases-double-gold-120000878.html
Asia Broadband Inc.
Wed, July 17, 2024 at 5:00 a.m. PDT·3 min read
AABB
+0.54%
LAS VEGAS, July 17, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the financial results for the 2nd quarter ending June 30, 2024, will be published in the coming weeks confirming the Company has exceeded its production and gross profit levels achieved in the 1st quarter. Gold production more than doubled in the 1st quarter of 2024, in comparison to the 4th quarter of 2023, due to the higher grade recoveries and increased daily throughput levels. Additionally, the economies of scale from higher productions levels reduced production costs and added to the bottom-line gross profit for each of the last two quarters.
The elevated operational strategies and efficiencies of the AABB mining team continued in the 2nd quarter to set the foundation for the high production levels to follow the completion of the Company’s processing plant. The new facility is currently under construction in Etzatlan, Mexico, and its capacity will be primarily dedicated to processing the estimated $1 billion dollar ore value of the Company’s exclusive rights surface stockpile. AABB continues to develop the processing plant and will release updates as progress milestones are reached.
“Our operations team has elevated our production processes in the first and second quarters of this year and we are eagerly awaiting to extend this expertise to our massive ore stockpile processing when the new plant is complete. This will take us to a much higher level than we have ever reached before”, stated Chris Torres, the Company President and CEO.
AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.
Contact the Company at:
General Email:
ir@asiabroadbandinc.com
Token Support:
support@aabbgmine2token.com
Company Websites:
www.asiabroadbandinc.com
www.aabbgmine2token.com
www.goldenbaboons.com
Phone:
702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
Bear Creek Mining Announces Q2 2024 Mercedes Production of 9,304 Ounces of Gold; Machine Learning Assisted Exploration Program Commenced
https://www.newsfilecorp.com/release/217040
July 19, 2024 7:00 AM EDT | Source: Bear Creek Mining Corporation
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2024) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM)
Minera Alamos Provides Santana Operations Update
Nicho Main Zone Expanding Mining Operations
https://www.newsfilecorp.com/release/216978
July 18, 2024 7:00 AM EDT | Source: Minera Alamos Inc.
Toronto, Ontario--(Newsfile Corp. - July 18, 2024) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to provide a brief operations update for its Santana gold mine in Sonora, Mexico.
Key Developments
Mining and stacking operations commenced last month with approximately 900 ounces of newly mined gold stacked on the leach pad (through the end of June) during the initiation of mining operations at the new Nicho Main zone deposit. Access to the Nicho Main gold mineralization in the pit is steadily improving with the opening up and extraction of the first few benches. The Company plans to ultimately have access to two simultaneous working areas that, in addition to providing better traffic flow for the mobile equipment, will allow for more efficient planning for grade control and waste stripping management. Presently, estimates for the next month of mining and stacking operations are 1,300-1,500 ounces of gold placed on the heap leach pad which is approaching the lower end of the initial monthly mining rates included in the Nicho Main zone start-up plans. With mine access improving, plans are to activate two additional trucks in July which expands the mobile fleet size to the anticipated normal levels for the current mine plan.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/216978_2eb9f6d3b4cd7a80_002full.jpg
Gold grades averaged approximately 0.9 g/t through the end of June and following July production data there should be an update on grade reconciliation for the first months of full operations at Nicho.
The more brittle nature andesite host rocks that comprise the bulk of the gold mineralization at the Nicho Main Zone combined with extensive weathering of the near surface material has resulted in the production of finer mined material than was experienced during the previous activities at the Nicho Norte area. Consequently, additional optimization work is underway in the new open pit to reduce the quantity of explosives used in the mine blasting operations. Combined with changes in the site crushing arrangements, these initiatives should result in more optimal operating (leaching) conditions that will continue to be monitored and adjusted as mining activities progress deeper into the resource. The Company is also looking at other possible improvements including the mobilization of the agglomeration system it had previously acquired in 2020 so that more operating flexibility is available as new areas of mineralization are brought into the overall Nicho mine plan. The remaining parts of the crushing system acquired in that transaction are destined for the Cerro de Oro operation when that project is built.
"The commencement of mining operations at the new Nicho Main Zone pit has begun reasonably within expectations, especially given there are always aspects of opening a new mining zone to be learned from and optimized. Importantly, the new mining plan provides a significant improvement in gold stacking activities at the Phase 1 leach pad. This positive shift in mine operations, as gold prices strengthen considerably, should provide a strong foundation for operations to return to being cash generative as the year continues," stated Doug Ramshaw, President of Minera Alamos. "The operating team in Mexico is delivering on our previously announced plans and as the main pit continues to open up the benefits of Santana returning to a steady state of operation should be comforting to shareholder and all our stakeholders on a go forward basis. I'd like to take this opportunity to thank our team on the ground and Trigusa, our mining contractor, in these early months of renewed operations at Santana."
Photo 1 - May 5th, 2024 - Early blasting of the top of the Nicho Main zone ridge
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/216978_2eb9f6d3b4cd7a80_003full.jpg
Photo 2 - May 13th, 2024 - Blasting set up for establishment of future bench development
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/216978_2eb9f6d3b4cd7a80_004full.jpg
Photo 3 - June 20th, 2024 - Pit opening up with better access for the mining fleet
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/216978_2eb9f6d3b4cd7a80_005full.jpg
Cautionary Statement
The Company made its production decision at the Santana gold mine without having completed a feasibility study demonstrating economic and technical viability. As such, there may be increased uncertainty of achieving planned production levels, estimated recovery of gold, the costs associated with such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure.
Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101.
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Victoria Vargas de Szarzynski, VP Investor Relations
Tel: 289-242-3599
Email: vvargas@mineraalamos.com
Website: www.mineraalamos.com
About Minera Alamos Inc.
Minera Alamos is a gold production and development Company. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is currently going through the start-up of operations at the new Nicho Main deposit. The 100%-owned Cerro de Oro oxide gold project in northern Zacatecas has considerable past drilling and metallurgical work completed and the proposed mining project is currently being guided through the permitting process by the Company's permitting consultants. The La Fortuna open pit gold project in Durango (100%-owned) has a positive, robust preliminary economic assessment (PEA) completed, and the main Federal permits are in place. Minera Alamos is built around its operating team that together brought three open pit heap leach gold mines into successful production in Mexico over the last 13 years.
The Company's strategy is to develop very low capex assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions.
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations. Forward-looking statements include timing, cost estimates and statements with respect to Minera Alamos' future plans, objectives and goals with respect to the Cerro de Oro gold mine including the receipt of permits and construction timeline, and the satisfaction by the Company of the closing conditions to draw the Remaining Amount. Since forward-looking statements are based on assumptions and address future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, the economics of processing methods, project development, reclamation and capital costs of Minera Alamos' mineral properties, the ability to complete a preliminary economic assessment which supports the technical and economic viability of mineral production could differ materially from those currently anticipated in such statements for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in such statements for many reasons such as: an inability to finance and/or complete an updated resource and reserve estimate and a preliminary economic assessment which supports the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.
The Company does not have a feasibility study of mineral reserves, demonstrating economic and technical viability for the Santana project, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Minera Alamos Inc.
First Majestic Produces 5.3 Million AgEq Oz in Q2 2024 Consisting of 2.1 Million Silver Ounces and 39,339 Gold Ounces; Announces Updated 2024 Production and Cost Guidance and Conference Call Details
https://www.newsfilecorp.com/release/216951
July 18, 2024 7:00 AM EDT | Source: First Majestic Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV)
Heliostar to Acquire Gold Portfolio of Producing Mines and Development Projects in Mexico for US$5M
https://www.newsfilecorp.com/release/216814
July 17, 2024 4:00 AM EDT | Source: Heliostar Metals Ltd. H
IGHLIGHTS:
Strategic Acquisition of former Argonaut Gold Assets in Mexico - transforms Heliostar into a gold producer with a robust development portfolio
Expanded Asset Base - adds two producing mines, the San Agustin Mine and the La Colorada Mine, and two advanced development projects to Heliostar's portfolio
Increased Resource Base - Heliostar's measured and indicated resources grow to 3.5 million ounces of gold in addition to the Cerro del Gallo historical resource. Acquisition cost of measured and indicated resources is less than US$1.80 per ounce of gold
Improves Ana Paula Economics - eliminates up to US$20 million in contingent milestone payments on the Company's flagship Ana Paula Project
Immediate Production and Cash Flow - financial benefits from ongoing operations immediately accrue to Heliostar's account until closing, less US$5 million in operating cash flow to FCGI prior to closing
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1)
Colibri/ Tocvan Drilling Continues to Expand Mineralization at Pilar with Hits Along North Hill and Main Zone Gold-Silver Trends. Broader Corridor Begins to Tie Together
https://www.accesswire.com/889123/tocvan-drilling-continues-to-expand-mineralization-at-pilar-with-hits-along-north-hill-and-main-zone-gold-silver-trends-broader-corridor-begins-to-tie-together
Tuesday, 16 July 2024 08:00 AM
Highlights:
North Hill Trend Drilling Hits Broad Zone of Mineralization Starting from Surface with a High-Grade Zinc Centre
300-meters East of the Main Zone
JES-24-95, 76.3 meters of 0.2 g/t Au, 1 g/t Ag and 0.4% Zn from 1.5 meters depth
Including, 7.6 meters of 0.2 g/t Au, 3 g/t Ag and 2.8% Zn
And 5.1 meters of 0.8 g/t
Main Zone Eastern Infill Hits Broad Mineralization with Elevated Silver and Zinc
JES-24-94, 24.4 meters of 0.2 g/t Au and 5 g/t Ag from 47.3 meters depth
Including, 1.5 meters of 1.3 g/t Au, 37 g/t Ag, 1.2% Zn and 0.5% Pb
And 1.5 meters of 0.5 g/t Au, 26 g/t Ag and 0.5% Zn
Also 3.1 meters of 0.4 g/t Au, 5 g/t Ag and 0.6% Zn
Five holes Released, All Five Intersect Mineralization
Results Pending for Three (3) Drillholes
CALGARY, AB / ACCESSWIRE / July 16, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3
Avino Reports Q2 2024 Production; Announces Date of Q2 Earnings Call
https://www.accesswire.com/888951/avino-reports-q2-2024-production-announces-date-of-q2-earnings-call
Tuesday, 16 July 2024 06:45 AM
VANCOUVER, BC / ACCESSWIRE / July 16, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6)
Silver Wolf Provides Operational and Corporate Update
https://www.accesswire.com/888990/silver-wolf-provides-operational-and-corporate-update
Monday, 15 July 2024 05:30 PM
VANCOUVER, BC / ACCESSWIRE / July 15, 2024 / Silver Wolf Exploration Ltd. (TSXV:SWLF)(OTCQB:SWLFF) "Silver Wolf" or the "Company" is pleased to provide an update on recent activities.
Operational Update
Silver Wolf has been planning the upcoming drill program at the El Soldado Claim at the Ana Maria Property. Activities that have been completed to date include: preparing and fine tuning the drill targets, finalizing drilling and QA/QC procedures, selecting a drill contractor to conduct the drilling work, updating and revising the drill budget to reflect the change in Mexican Peso and inflationary costs, finalizing access agreements with the local communities for drilling activities, staffing the appropriate positions to conduct the program with contractors and employees.
The geological team believes there is discovery potential for an Ag-Pb-Zn carbonate replacement deposit (CRD) at the El Soldado Claim based on extensive field mapping and observed features along with the historic artisanal mining areas discovered on the property, supported by the geochemical data from surface samples collected and reported August 9, 2022 . Mineralization at the El Soldado Claim is hosted by Cretaceous Aurora limestone. It has been observed that Ag-Pb-Zn mineralization has a preferred linear orientation along a NW-SE trend. Mineralization is found in recrystallized limestone associated with a system of mantos and breccias with thicknesses ranging from 15 to 50 cm, and the presence of fine-grained black sulfides. Mineralized breccias contain sulfide clasts of 0.5 to 1 cm size with presence of abundant calcite veins and oxides such as hematite and jarosite. These observations appear very similar to the mineralization and features described at the historic Ojuela Mine located only 9 km to the northwest, and La Platosa Mine located 15 km north of the of the Ana Maria Property, both known as CRD type Ag-Zn-Pb-(Au) deposits.
With the recently completed capital raise, Silver Wolf is fully funded to complete its first phase of drilling. Drilling is projected to start this quarter and take 3 to 4 months to complete.
Management continues to forgo salary to minimize overhead and maximize capital efficiency with respect to exploration dollars into the ground to provide the best chance of making a discovery and align management's incentives with that of our shareholders.
"We are getting close to kicking off our inaugural drill program at Ana Maria," said Peter Latta, President. "The start of drilling will be the culmination of three years of hard work by our teams in Durango and Vancouver and I truly appreciate our employees, consultants, shareholders and advisors who have supported us through this journey."
Corporate Update
Pursuant to a shares for debt transaction, the Company intends to issue 65,455 common shares to Salman Partners Inc. at a deemed price of $0.12 per share. The shares are subject to resale restrictions for a period of 4 months from the date of issuance.
In addition, Silver Wolf intends to grant incentive stock options for the purchase of 1,369,000 shares at a price of $0.15 per share exercisable on or before July 16, 2029, to directors, officers, consultants, and employees of the Company. The terms of the options are subject to the Company's stock option plan.
Qualified Person
Dr. Honza Catchpole P. Geo. is a "qualified person" as defined by National Instrument 43-101 and has approved the scientific and technical disclosure in this news release.
About Silver Wolf
Silver Wolf is an exploration company focused on exploring high potential projects in prime silver and gold regions of Mexico including the Ana Maria and El Laberinto properties. The Ana Maria claims are located 21 kilometres (km) northwest of the City of Gómez Palacio and the adjacent City of Torreón. The property consists of 9 mining concessions encompassing 2,549 hectares (ha). The claims are located in a well-known area that is prolific for carbonate replacement deposits (CRDs) in the vicinity of many active or historic mining operations. The Company has operational synergies with Avino Silver & Gold Mines Ltd. and shares many years of combined experience in exploration, development and production. In addition, Silver Wolf has an experienced geological field team who have worked on similar projects with a demonstrated understanding of the jurisdiction and local communities.
For further information please contact Silver Wolf Exploration Ltd. at ph. (604) 682-3701 or visit our website at www.silverwolfexploration.com.
Connect with us on X (formerly Twitter) @SWLFexploration and on LinkedIn at Silver Wolf Exploration Ltd.
ON BEHALF OF THE BOARD
"Peter Latta"
Peter Latta
President
Cautionary Note
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on numerous assumptions and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume an obligation to update any forward-looking statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Silver Wolf Exploration Ltd.
Sierra Madre Secures Binding Off-Take Agreement for La Guitarra
https://www.newsfilecorp.com/release/216399
July 15, 2024 7:00 AM EDT | Source: Sierra Madre Gold & Silver Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that it has signed a binding off-take agreement with Swiss-based global minerals trader MRI Trading AG ("MRI") for 100% of concentrate sales from the Guitarra silver-gold mine in Mexico for a 24-month term.
Alex Langer, Sierra Madre's President and CEO, states, "While we received extensive interest, including multiple offers from various parties for the Guitarra silver-gold concentrate, we ultimately chose to sign with MRI. MRI had previously received the concentrate from the time that the mine was last in production in 2018 and understands the high quality of the material. We are very pleased with the terms of this agreement and the 24-month length is in line with the recently executed US$5 million loan facility with First Majestic Silver Corp. This offtake agreement is a key finishing step needed for a possible restart of La Guitarra."
About MRI Trading AG
MRI is a leader in trading metals and minerals, petroleum products, bulk, and freight. It specializes in non-ferrous ores, concentrates, refined and precious metals and their related by-products for a global smelting and processing customer base.
About Sierra Madre
Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development and exploration company focused on evaluating the potential of restarting the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted, past-producing underground mine, which includes a 500 t/d processing facility that operated until mid-2018.
The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource.
Sierra Madre's management team has played key roles in managing the exploration and development of more than 22Moz gold and 600Moz silver in combined mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.
On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,
"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
1-604-765-1604
Contact:
investor@sierramadregoldandsilver.com
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.
Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
SOURCE: Sierra Madre Gold and Silver Ltd.
SilverCrest Provides Second Quarter Operational Results and Conference Call Details
Record Revenue, Treasury Assets Increased by 34% During the Quarter
https://www.newswire.ca/news-releases/silvercrest-provides-second-quarter-operational-results-and-conference-call-details-836038664.html
SilverCrest Metals Inc. Jul 11, 2024, 17:00 ET
TSX: SIL | NYSE American: SILV
GoGold Reports Quarterly Production at Parral of 400,236 Silver Equivalent Ounces
https://www.prnewswire.com/news-releases/gogold-reports-quarterly-production-at-parral-of-400-236-silver-equivalent-ounces-302194399.html
GoGold Resources Inc. Jul 11, 2024, 07:30 ET
Shares Outstanding: 328,612,319
Trading Symbols:TSX: GGD
OTCQX: GLGDF
Starcore/Xali Gold: Drilling Program for Metallurgical Test Work Completed on the El Oro Tailings in Mexico
https://ca.finance.yahoo.com/news/drilling-program-metallurgical-test-completed-110000297.html
Xali Gold Corp.
Thu, July 11, 2024 at 4:00 a.m. PDT·4 min read
CGDXF
0.00%
VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or “the Company”) is pleased to announce that the drilling program for metallurgical test work on the Mexican Mine Tailings in El Oro, Mexico has been completed and samples are being prepared for shipping to the Kappes, Cassiday & Associates (“KCA”) lab in Reno, Nevada for the metallurgical test work.
To ensure that the drilling program evaluated the entire extent of the tailings, the program was expanded from the initially planned 20 holes to 34 holes which averaged 20 meters deep. The recent drilling program also determined that the average depth of the tailings is slightly deeper than previous studies. Drilling was carried out by Major Drilling Group International using a sonic rig core drill.
“We are very pleased that the drilling program on the Mexico Mine Tailings was a success, and we look forward to the metallurgical results, which we expect to receive in approximately 8 weeks. The increase in depth to the tailings is very encouraging as it could also mean an increase in volume and an increase to the resource but there are no updates recommended on the resource estimation at this time,” says Joanne Freeze, President and CEO of Xali Gold.
As per Xali Gold News Releases dated April 15, 2024 and May 16, 2024, the Company signed a Letter of Intent to enter a Purchase Agreement with KCA on the Mexican Mine Tailings Reprocessing Project (the “El Oro Tailings Project”), which provides for KCA to recover and sell gold and silver from the Tailings and then pay Xali Gold a gross royalty equal to 4% of the sales income received from all gold and silver produced, less any royalties due and payable to others (the Municipality of El Oro), but in no case less than a 3% gross royalty.
Since signing the LOI with Xali Gold, KCA teamed up with Starcore International Mines Ltd. (“Starcore”) to form a Joint Venture (“JV”) whereby they would share resources for the reprocessing of the Mexican Mine Tailings, under option to Xali Gold from the municipality of El Oro in Mexico.
The tailings were the subject of a National Instrument 43-101 Resource Study in 2014 which reported that the tailings contain an Inferred Mineral Resource Estimate* of 1.27M tonnes at a grade of 2.94 grams per tonne (“gpt”) gold and 75.12 gpt silver (3.85 gpt gold equivalent) containing 119,900 ounces of gold and 3,061,200 ounces of silver. KCA’s recent work has resulted in an estimated recovery of over 75% of the gold and silver. These results are on composites which did not access the full depth of the tailings. While the data indicates that the tailings are mineralogically uniform, the new drill program was designed to provide samples for metallurgical testing to confirm this assumption. The Mexico Mine tailings are situated on land owned by the Municipality of El Oro. Cleanup of these tailings will eliminate potential environmental risks while releasing a large block of land which the Municipality can use for further development.
*Note: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the accuracy of the estimate. For more information see “National Instrument 43-101 Technical Report on the Inferred Mineral Resource Estimate of the Mexico Mine Tailings” prepared by Nadia Caira, P.Geo. and Allan Reeves, P.Geo., dated August 25, 2014 with an effective date of July 8, 2014 available at www.sedar.com.
About Xali Gold
Xali Gold has gold and silver projects in Mexico and Peru. The Company’s flagship project El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin Nr. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores).
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200m.
Xali Gold is dedicated to being a responsible Community partner.
Joanne C. Freeze, P.Geo., President and CEO is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. Ms. Freeze has reviewed and approved the contents of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information
This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to historical production records and resource estimates. While such forward-looking information is expressed by Xali Gold in good faith and believed by Xali Gold to have a reasonable basis, they may address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Xali Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold and silver prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Xali Gold expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Xali Gold Corp.
“Joanne Freeze” P.Geo.
President, CEO and Director
For further information please contact:
Joanne Freeze, President & CEO
Tel: + 1 (604) 689-1957
info@xaligold.com
Torex Gold Reports Q2 2024 Production Results
On track to deliver on full year production guidance for sixth consecutive year
https://www.newsfilecorp.com/release/215957
July 09, 2024 6:00 PM EDT | Source: Torex Gold Resources Inc. (All amounts expressed in U.S. dollars unless otherwise stated)
Toronto, Ontario--(Newsfile Corp. - July 9, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG
Orla Mining Provides Q2 2024 Operational Results
https://www.newswire.ca/news-releases/orla-mining-provides-q2-2024-operational-results-826379008.html
Orla Mining Ltd. Jul 10, 2024, 06:00 ET
Camino Rojo Delivers Another Strong Quarter of Gold Production
VANCOUVER, BC, July 10, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA)
Gatos Silver Reports Q2 2024 Production Results With Record Mill Throughput and Zinc Production
https://ca.finance.yahoo.com/news/gatos-silver-reports-q2-2024-201500352.html
Gatos Silver, Inc.
Tue, July 9, 2024 at 1:15 p.m. PDT·6 min read
GATO
+21.17%
VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO)
Silver Tiger Intersects 59.0 metres of 66.7 g/t silver Equivalent in the Stockwork Zone Including 2.0 metres of 635.1 g/t silver Equivalent within the High-Grade El Tigre Vein
https://www.accesswire.com/886421/silver-tiger-intersects-590-metres-of-667-gt-silver-equivalent-in-the-stockwork-zone-including-20-metres-of-6351-gt-silver-equivalent-within-the-high-grade-el-tigre-vein
Tuesday, 09 July 2024 07:00 AM
HALIFAX, NS / ACCESSWIRE / July 9, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF)
Endeavour Silver Reports Q2 2024 Production Results; In-Line with Guidance
https://ca.finance.yahoo.com/news/endeavour-silver-reports-q2-2024-105000608.html
Endeavour Silver Corporation
Tue, July 9, 2024 at 3:50 a.m. PDT·6 min read
EXK
-4.99%
VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)
VIZSLA SILVER REPORTS MORE HIGH-GRADE RESULTS AT COPALA AND COPALA 3, DEMONSTRATING STRONG MINERAL CONTINUITY
https://www.newswire.ca/news-releases/vizsla-silver-reports-more-high-grade-results-at-copala-and-copala-3-demonstrating-strong-mineral-continuity-871587568.html
Vizsla Silver Corp. Jul 09, 2024, 06:00 ET
NYSE: VZLA TSX-V: VZLA
VANCOUVER, BC, July 9, 2024 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3)
Chesapeake Extends Lucy Mineralized Corridor by 200 Metres and Drilling Returned 5.2 g/t Gold over 6 Metres from Surface
https://www.newsfilecorp.com/release/215910
July 09, 2024 6:00 AM EDT | Source: Chesapeake Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the Phase 2 drill program has extended the gold-bearing skarn mineralized corridor at its Lucy Project ("Lucy") located in central Sinaloa, Mexico. In total, 12 holes and 939 metres were drilled along the known mineralized corridor, and an additional 101 surface soil and rock geochemistry samples were collected to the Northeast of the drilled gold zone. The Company also completed a 63-line kilometre ground magnetics survey covering the entire property.
Jean-Paul Tsotsos, Interim Chief Executive Officer, commented, "The positive results gathered during this exploration phase continue to add cadence to the robust nature of the mineralized system at Lucy. During this exploration phase, we successfully intersected more high-grade gold mineralization starting from surface, extended the gold mineralized zone from 500 to 700 metres, and the corridor remains open along strike in either direction and at depth. Encouraging soil and rock sampling results have accelerated a detailed mapping program over a larger footprint of the property with additional geochemistry sampling activities also underway. These additional results will be integrated into the next phase of drilling to further uncover the value of this important discovery."
Lucy Plan Map of 2024 Drill Hole Locations, Trenches and Grid Gold Geochemistry
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/752/215910_77849caa64546897_002full.jpg
Assay Highlights from the Phase 2 Lucy Drilling Campaign:
Hole ID From (m) To (m) Width (m)* Au (g/t)
LU24-16 24 48 24 1.43
Including 39 48 9 2.29
LU24-18 18 24 6 1.95
LU24-23 0 6 6 5.21
LU24-24 8 14 6 1.90
LU24-26 9.5 30 20.5 1.75
Including 18 30 12 2.82
* Drill intercepts are not considered representative of the true thickness of the gold mineralization.
Lucy Long Section A to A' - Drill holes LU23-06 to LU23-14, LU24-15 to LU24-26 and grid gold anomalies
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/752/215910_77849caa64546897_003full.jpg
Phase 2 Exploration Overview and Future Plans
The 939-metre 12-HQ core drill program successfully extended the known gold-bearing skarn system and filled previous gaps along the mineralized corridor. Drill holes LU24-15 to LU24-17, LU24-24, and LU24-25 added another 150 metres to the gold mineralized corridor along strike to the Southwest and provided early indications of the dip direction of the gold mineralization below the surface. Drill holes LU24-19 to LU24-23 and LU24-26 filled in the gaps and delineated additional mineralization within the known gold zone. The gold mineralization across this expanded corridor continues to display retrograde quartz-calcite, iron oxides, sulphide veinlets and stockwork hosted within garnet and pyroxene skarn and hornfels with zones altered to actinolite and other silicates. Only one hole in the 12-hole program missed the mineralized zone but provided valuable insights into the direction of the mineralization beneath the surface.
In addition to the drilling, a 225-metre by 450-metre area to the Northeast of the mineralized corridor was subject to soil and rock sampling for geochemical analysis. Results from the 101 geochemical grid samples traced a continuous 150-metre-long gold anomaly extending Northeastward along trend from the drilled mineralized corridor. Further to the Northeast are another set of gold anomalies that warrant additional evaluation. These results indicate that the gold-bearing skarn corridor continues to the Northeast, and a detailed follow-up mapping, sampling and trenching program is underway. Based on the success of this exploration technique, a larger 200+ soil and rock geochemistry sampling program has been initiated to cover a larger portion of the Lucy property surrounding the gold mineralized corridor.
Moreover, a 63-line-kilometre ground magnetics survey over the entire property was also completed during this exploration phase. This survey is being integrated with direct magnetic readings gathered from drill core and a past induced polarization ("IP") survey collected over the property in 2017-2018. Early interpretations of these results have outlined several coincident magnetic and IP anomalies that warrant follow-up exploration to determine their relationship with the Lucy gold-bearing skarn system.
Looking forward, Chesapeake is working towards completing the detailed mapping, the expanded soil and rock geochemistry program, additional metallurgical testwork and several early-stage studies to gather mineralogical, petrographic, and geo-structural data to further understand the scope and scale of the Lucy system. Once this work is complete and integrated, a more extensive next phase of core drilling and exploration is planned.
Additional geological cross-sections, selected core photos, management site visit images from March 2024, and the complete assay data table are available here.
Lucy Project Overview
The Lucy project comprises 483 hectares and is 5 kilometres from a paved highway. Lucy claims were staked and acquired by Chesapeake in 2017 and 2018. Mapping, trenching and channel sampling in 2021 and 2022 identified a gold-bearing skarn system. In October 2023, the Company announced the discovery of a high-grade gold-bearing skarn system from a Phase 1 drill program (See press release dated October 3, 2023). Furthermore, in February 2024, the Company reported that initial metallurgical test results achieved up to 97% gold recoveries in standard bottle roll tests and generally supports that the Lucy mineralization is readily treatable with a standard CN tank leach in a Carbon in Leach/Carbon in Pulp type process (See press release dated February 13, 2024).
For Further Information:
For more information on Chesapeake and its Metates and Lucy Projects, please visit our website at www.chesapeakegold.com or contact Jean-Paul Tsotsos at invest@chesapeakegold.com or +1 778 731 1362.
Please join us at our webinar on Thursday, July 11th, at 8:00 AM PST (11:00 AM EST) using the link below.
Lucy Project Exploration Update Webinar
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Sample Preparation, Analysis and QA/QC Program
All the assays reported by Chesapeake in this news release are from HQ drill cores which were logged and sampled in a secure storage facility. HQ core was cut using disc rock saws, and a representative one-half sample was selected for assay. Core samples were sent to the ALS Global facility in Zacatecas City, Mexico, for preparation of assay pulps which were subsequently sent to ALS labs in Vancouver, Canada, for analysis.
All core samples, generally at 3-metre sample intervals, were prepared using a method whereby the entire sample was crushed to 90% passing -2mm, a split subsample of 1000 g was pulverized to better than 85% passing 75 microns and then a 250 g pulp was taken.
Samples were analyzed for gold using 50 g fire assay fusion with an ICP finish (Method Au-ICP22). Silver and other elements were analyzed by 4 acid digestion with an ICP finish (Method ME-ICP61). Gold (>5 ppm) and silver (>100 ppm) over limits were analyzed by fire assay and gravimetric finish.
Certified standards and blanks from CDN Resource Laboratories were inserted into the sample stream as part of the sampling protocol for the QA/QC program.
Qualified Persons
Alberto Galicia, P.Geo, Vice President Exploration and Gary Parkison, CPG, Vice President Development, are Qualified Persons as defined by NI43-101 and have reviewed and approved the technical information in this release.
About Chesapeake
Chesapeake Gold Corp's flagship asset is the Metates Project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in the Americas1 with over 16.77 million ounces of gold at 0.57 grams per tonne (g/t) and 423.2 million ounces of silver at 14.3 g/t within 921.2 million tonnes in the Measured and Indicated Mineral Resource category and a further 2.13 million ounces of gold at 0.47 g/t and 59.0 million ounces of silver at 13.2 g/t within 139.5 million tonnes in the Inferred Mineral Resource category. See the technical report titled "Metates Sulphide Heap Leach Project Phase I" dated January 13, 2023, and news release dated February 23, 2023.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements include, without limitation, statements with respect to the Company's strategic plans, timing and expectations for the Company's exploration and drilling programs at the Company's Lucy project, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones.
Such forward looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the conditions in general economic and financial markets; the price of gold and silver; the availability and costs of mining equipment and skilled labour; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures related to drilling programs; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones.
The actual results could differ materially from those anticipated in these forward looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling and testing results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions.
Forward-Looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
1 Mexico's biggest undeveloped gold deposits. Bnamericas. Published Tuesday, November 24, 2020.
SOURCE: Chesapeake Gold Corp.
Colibri/Tocvan Report Batch of Drill Results from the Pilar Gold and Silver Project in Sonora - Expands Resource Potential 130m to NW
https://www.newsfilecorp.com/release/215486
July 04, 2024 12:00 PM EDT | Source: Colibri Resource Corporation
Dieppe, New Brunswick--(Newsfile Corp. - July 4, 2024) - Colibri Resource Corporation (TSXV: CBI)
Atacama Copper Intercepts 27.8 g/t AuEq over 1.2 m and 6.3 g/t AuEq over 2.2 m at its Cristina Project in Chihuahua Mexico
https://www.newsfilecorp.com/release/215709
July 08, 2024 10:08 AM EDT | Source: Atacama Copper Corporation
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2024) - Atacama Copper Corporation (TSXV: ACOP)
Minaurum Secures Favorable Amparo Injunction for Alamos Silver Project
https://www.newsfilecorp.com/release/214842
July 02, 2024 9:00 AM EDT | Source: Minaurum Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) ("Minaurum") is pleased to announce that the injunction (amparo) it filed to protect its Alamos project has been approved by the Mexican Federal Administrative Court (the "Court"), meaning that its 100% owned Alamos silver project remains unaffected in its entirety by the Mining Law Reform approved by the Mexican Congress in 2023.
"We are very pleased with the positive Court decision that protects our flagship Alamos silver project," stated Darrell Rader, President and CEO. "This ruling ensures that Alamos will continue to be governed by the Mexican Mining Law of 1992 and will not be subject to the uncertainties caused by the new Mining Law Reforms."
On May 9, 2023, the Mining Law Reform was approved by Mexican Congress and published in the Official Gazette. In response, Minaurum took steps to protect its Mexican projects by filing injunctions (amparos). The Company awaits further correspondence from the Court regarding the remainder of its Mexican project portfolio.
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Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) is a Mexico-focused explorer concentrating on the high-grade 100%-owned fully production-permitted Alamos silver project in southern Sonora. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value to develop and acquire a pipeline of potential Tier One precious metals projects. Through a portfolio containing silver projects totaling 37,928 hectares; gold projects totaling 25,933 hectares; and copper projects totaling 12,856 hectares, Minaurum provides significant exposure to precious and base metals.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu - Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
___________________________________________________________________________
1570- 200 Burrard Street
Vancouver, BC V6C 3L6
Phone: 778 330-0994
www.minaurum.com
info@minaurum.com
Cautionary Note Regarding Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
In making the forward-looking information in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum's current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Minaurum Gold Inc.
GR Silver Mining Revisits Marlin Gold Disposition, Enhancing Financial Position
https://www.newswire.ca/news-releases/gr-silver-mining-revisits-marlin-gold-disposition-enhancing-financial-position-877919569.html
GR Silver Mining Ltd. Jun 28, 2024, 07:30 ET
VANCOUVER, BC, June 28, 2024 /CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce that the Company and a private, arm's-length Canadian company active in Mexico ("PrivateCo") have signed on June 27, 2024, a definitive and binding Share Purchase Agreement (the "Agreement") pursuant to which PrivateCo will acquire 100% of the issued and outstanding shares of Marlin Gold Mining Ltd. ("Marlin") from GR Silver Mining. Marlin is a private British Columbia company, 100% owned by GR Silver Mining. Marlin owns, amongst other assets, Oro Gold de Mexico, S.A. de C.V. ("Oro Gold"), a private Mexican company that owns 100% of nine non-core concessions ("Other Concessions"), including the past producing La Trinidad mine, located adjacent to GR Silver Mining's core Plomosas Project.
Figure 1: GR Silver Mining Plomosas Project mining concessions, Sinaloa, Mexico. (CNW Group/GR Silver Mining Ltd.)
Figure 2: San Marcial General Longitudinal Resource Area, View Southwest (CNW Group/GR Silver Mining Ltd.)
Pursuant to the Agreement, GR Silver Mining will transfer to PrivateCo all existing assets and rights, as well as all outstanding undertakings, covenants, indemnities and obligations, of Marlin and its subsidiaries, including Oro Gold, in consideration for which GR Silver Mining will receive a 0.5% NSR Royalty on the Other Concessions owned by Oro Gold (as shown in Figure 1) and a 10-year first right of refusal on any disposition of Other Concessions by PrivateCo. The transaction is expected to close within one month.
The disposition of Marlin and its subsidiaries allows GR Silver Mining to focus on resource growth and the potential development of the Company's core Plomosas Project (78 km2) (as shown in Figure 1), including the San Marcial, Plomosas Mine, and San Juan Areas. In addition, the Company continues to hold several non-core concessions (270 km2) (as shown in Figure 1).
CEO and Chair of GR Silver Mining, Eric Zaunscherb, commented, "It is our priority to increase the value of our Plomosas Project on behalf of our shareholders. This Agreement with PrivateCo will allow us to focus on our bulk sampling test mining program (news release, update dated June 27), as well as position the Company to resume resource drilling in the San Marcial area and advance technical studies. The Agreement eliminates most of the Company's working capital deficit without diminishing its resource inventory." Zaunscherb added, "GR Silver Mining's geological team has done an excellent job growing the Plomosas Project resource estimate significantly and cost effectively. The team has demonstrated the exploration model's efficacy with an exceptional hit rate, and we continue to be excited by the project's potential for further resource growth."
The Plomosas Project, including the San Marcial – Plomosas Mine - San Juan/La Colorada areas, hosts 55 million ounces of silver or 85 million ounces of silver equivalent in the Indicated category, and 22 million ounces silver or 45 million ounces of silver equivalent in the Inferred category. The full technical report dated May 3rd, 2023, with an effective date of March 15th, 2023, is entitled "Technical Report and Mineral Resource Update for the Plomosas Project". The report was prepared for GR Silver Mining Ltd. by Dr. Gilles Arseneau, P.Geo. of ARSENEAU Consulting Services Inc. and can be found under the Company issuer profile at SEDAR+.
In management's view, the San Marcial area represents an important focus for exploration given its silver-dominant mineralization (46 million ounces of silver in the Indicated Category and 14 million ounces of silver in the Inferred category), scalability, significant widths, and shallow depths, Figure2. Simultaneously, management intends to advance technical studies and permitting for San Marcial's potential development. Management continues to advance Bulk Sampling Trial Mining at the Plomosas Project, exploring low-cost alternatives to explore existing historical underground mines and define new areas for potential drilling and resource expansion.
Qualified Person
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Marcio Fonseca, P. Geo., President & COO for GR Silver Mining, who has reviewed and approved its contents.
About GR Silver Mining Ltd.
GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration company engaged in cost effective silver-gold resource expansion on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of the former Plomosas underground mine within the Plomosas Project, which includes the integrated San Marcial Area. In conjunction with a portfolio of early to advanced stage exploration targets, the Company holds 78 km2 of highly prospective core concessions and an additional 270 km2 of non-core concessions.
GR Silver Mining Ltd.
Eric Zaunscherb, Chair & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE GR Silver Mining Ltd.
For further information, please contact: Eric Zaunscherb, Telephone: +1.647.293.8457, Email: eric@grsilvermining.com
GR Silver Updates the Bulk Sampling Test Mining Program at the Plomosas Project
Sampling Returns 2.5 m @ 1,625 g/t Ag, 14.1 g/t Au in a New Geological Structure.
https://www.newswire.ca/news-releases/gr-silver-updates-the-bulk-sampling-test-mining-program-at-the-plomosas-project-866054464.html
GR Silver Mining Ltd. Jun 27, 2024, 07:30 ET
VANCOUVER, BC, June 27, 2024 /CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE)
Kootenay Adds Drill at Columba High-Grade Silver Project.
https://www.prnewswire.com/news-releases/kootenay-adds-drill-at-columba-high-grade-silver-project-302184125.html
Kootenay Silver Inc. Jun 27, 2024, 07:30 ET
VANCOUVER, BC, June 27, 2024 /PRNewswire/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce coring is underway with a second drill working at the Columba Project, Chihuahua state, Mexico.
Current work is focused on extending known limits of "D-Vein" and the second drill is positioned to complement this goal by testing the southeastern extensions of "B-Vein" and "B2-Vein". The second drill will work southeastward along the B-Vein trend toward a priority target zone where surface mapping indicates "D -Vein" and the "B-Vein" trends intersect.
The B-Vein trend lies along southeastern extension of the "F-Vein" and contains well mineralized veins as evidenced by previous intercepts. Drillhole CDH-20-0821 intercepted 4.6 meters averaging 1,186 gpt Ag from 184.5 meters downhole and a follow up hole, CDH-21-1122 encountered 2.0 meters core length averaging 1,050 gpt Ag from 212 meters downhole. True widths for both intercepts are estimated at 60-75% of core length. No drilling has been undertaken on B-Vein since 2022
The current drilling program is designed to find the strike extent of D-Vein mineralization in preparation of infill drilling and a now fully funded follow up program of 20,000 meters, aimed to delineate a maiden resource expected in late 2024. The second drill will assist this goal initially before moving on to perform test extensions of other known vein intercepts and also initial tests of promising but as yet undrilled targets.
Kootenay's President & CEO, James McDonald states, "We have completed over 30,000 meters of drilling at Columba and are extremely excited to see the project growing in size. We continue to step along D-Vein as a priority, this structure with its high grade and broad mineralized stockwork halo has the potential to contain a significant resource. We are also eager to test our many undrilled targets. The erosion profile at many of these veins has not exposed the top of the mineralized horizon, we need to drill down to the optimal elevation to really see what these structures hold."
Drill results are compiled and released as batches, drill highlights, maps and sections from the project are tabulated on the Company's website at the links below
Click to view the drill plan, long section, and cross sections.
The company has completed over 30,000+ meters of diamond drilling in 153 holes at Columba since 2019 and intercepted numerous veins with high silver grades and widths indicating excellent resource potential. Prospective veins on the project are hosted within a volcanic caldera setting, the surface extent of mapped veins measuring roughly 4 kilometres by 3 kilometres. Management believes that Columba may be a newly recognized vein district that is nearly entirely preserved from erosion.
A comprehensive list of drill results completed on the Columba Property since 2019 may be viewed here: Columba Drill Results.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25 samples is a standard. Duplicates are taken in the mineralized intervals at an average 2 duplicates for each hole.
The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and was completed by Globextools, S.A. de C.V. of Hermosillo, Sonora, Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by Mr. Dale Brittliffe, BSc. P. Geol., Vice President, Exploration of Kootenay Silver, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the scientific and technical information disclosed in this news release. Mr. Brittliffe is not independent of Kootenay Silver.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at June 26, 2024. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements adopted by the U.S. Securities and Exchange Commission (the "SEC"). The SEC sets rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
1 Previously released January 20, 2021. Drilled width with estimated true width previously estimated at 70% of drilled.
2 Previously released December 16, 2021. Drilled width with estimated true width previously estimated at 55% to 70% of drilled.
SOURCE Kootenay Silver Inc.
Quetzal Copper Mobilizes Drill Rig to the Cristinas Project, Chihuahua Mexico
https://www.newsfilecorp.com/release/214386
June 26, 2024 7:30 AM EDT | Source: Quetzal Copper Limited
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2024) - Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") is pleased to announce the commencement of field work at the Cristinas Project in Chihuahua, Mexico, with the mobilization of field and drill crews to site.
The planned field program includes 1,500 m to 3,000 m drill program focused on stepping down-dip from open, high-grade copper intercepts from the 2014 program. Then the company plans to perform a downhole InfiniTEM XL geophysical survey - a deep penetrating tool with a depth of investigation of up to 1,000 m below surface - to expand on the existing EM anomalies.
Matthew Badiali, Chief Executive Officer, commented, "We are excited finally get to work at Cristinas. We designed the drill program to evaluate the continuity of the high-grade copper mineralization below the existing historic drilling. The accompanying geophysical survey will give us a much clearer understanding of the potential extent of the sulphide mineralization. We know this project holds excellent copper mineralization. We now need to understand its potential to be a large copper deposit."
Figure 1: Location of Drill Target and Historical Drilling at Cristinas
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/214386_f624c19d04e69b52_001full.jpg
In addition, the drill program will target the two conductors identified in the 2022 electro-magnetic geophysical survey (EM). As previously discussed in the April 26, 2024, press release, these conductors are associated with the down-dip projection of mineralization in the historic mine and drill holes.
The Coatl vein conductor aligns with the down-dip projection of the mine workings and most of the shallow drill intercepts and continues to depth of at least 350m below surface. The Company interprets the conductor to be related to sulphide (e.g., chalcopyrite and/or pyrite) mineralization like that observed in the drill holes.
The survey identified a second conductor with the same vertical extent as the Coatl vein conductor. However, it is located approximately 90 m into the hanging wall. The Hanging Wall conductor projected to surface coincides with copper intercepts at the top of the historic drill hole LC13DD07. That interval contained 0.9 m true width of 2.0% copper in (Figure 2).
Figure 2: EM Targets Beneath Open Drill Intercepts
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/214386_f624c19d04e69b52_002full.jpg
The Company plans to do a follow up downhole EM survey, after drilling. The downhole EM survey will provide the Company with more detailed data on the extent and geometry of the Coatl vein and Hanging Wall conductors. A limited loop geometry, as well as oxidation of sulphide minerals at surface may have limited the 2022 survey's ability to determine the full extent of the vein-associated EM conductors.
About the Cristinas Project
The 685-hectare Cristinas Project is in northeastern Chihuahua state, Mexico, approximately 2 hours by car from Chihuahua City in a prolific belt of carbonate-hosted deposits that extends from south-central Mexico north through the United States (Figure 3). The Cristinas Project includes a historic copper mine that operated in the 1950's on shallow copper oxide mineralization. The project features a >1,250 m long zone of copper mineralization traced through rock chips on surface and 12 historical (2014) drill holes. The copper mineralization is open along strike and at depth with significant expansion potential highlighted by limited geophysical surveys.
Figure 3: Major Carbonate-Hosted Deposits in the Southwestern US & Mexico
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/214386_f624c19d04e69b52_003full.jpg
QP Statement
Dr. Roy Greig, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed, and approved the technical content in this release.
About Quetzal Copper
Quetzal is engaged in the acquisition, exploration, and development of mineral properties in British Columbia and Mexico. Quetzal currently has a portfolio of three properties located in British Columbia, Canada and one in Mexico. The Company's principal project, Princeton Copper, is located adjacent to Hudbay's Copper Mountain mine in southern British Columbia.
Quetzal Copper Limited
Matthew Badiali, CEO
Phone: (888) 227-6821
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events, or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements in this news release include, among others, statements relating to exploration and development of the Company's properties.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated, accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
SOURCE: Quetzal Copper Limited
Orla Mining Reports Positive Drilling Intersections and Metallurgical Results at Camino Rojo Sulphide Extensions
https://www.newswire.ca/news-releases/orla-mining-reports-positive-drilling-intersections-and-metallurgical-results-at-camino-rojo-sulphide-extensions-805467477.html
Orla Mining Ltd. Jun 26, 2024, 06:00 ET
VANCOUVER, BC, June 26, 2024 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA)
Prime Intersects 7 gpt Gold-Equivalent over 2m at Z-T
https://ca.finance.yahoo.com/news/prime-intersects-7-gpt-gold-100000074.html
Prime Mining Corp.
Tue, June 25, 2024 at 3:00 a.m. PDT·15 min read
PRMNF
-0.75%
Mineralization Remains Open Along Strike and at Depth Beyond Resource Pit
VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3
VIZSLA SILVER HITS VISIBLE GOLD IN HIGHEST GRADE INTERCEPT EVER AT PANUCO: 9,920 G/T SILVER & 663 G/T GOLD OVER 0.64 METRES TRUE WIDTH AT COPALA
https://www.newswire.ca/news-releases/vizsla-silver-hits-visible-gold-in-highest-grade-intercept-ever-at-panuco-9-920-g-t-silver-amp-663-g-t-gold-over-0-64-metres-true-width-at-copala-807208349.html
Vizsla Silver Corp. Jun 26, 2024, 06:00 ET
NYSE: VZLA TSX-V: VZLA
VANCOUVER, BC, June 26, 2024 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3
Fresnillo/Radius Gold: Drilling Commences at Radius Gold's Plata Verde Silver Project
Project Highlights:
Large scale historic underground bulk silver mining operation from 1800's.
Silver mantos occur over 500m x 300m area (exposed in historic mines) with observed thickness up to 30m.
Recently re-discovered by Radius, never tested by modern exploration methods.
Initial metallurgical tests indicate exceptional properties with cyanide leach recoveries averaging 93% for silver and in combination with flotation achieving 97% silver recovery (see news release January 30, 2023).
Initial, minimum 2000m drill program fully funded by Minera San Julian (see news release March 5, 2024).
https://thenewswire.com/press-releases/1Bz4FM8E5-drilling-commences-at-radius-gold-s-plata-verde-silver-project.html
June 26, 2024, Vancouver, British Columbia – TheNewswire – Radius Gold Inc. (TSXV: RDU) (“Radius” or the “Company”) is pleased to announce that diamond drilling has commenced at the Plata Verde silver project in Chihuahua, Mexico. Radius, in partnership with Minera San Julian, S.A. de C.V. (“Minera San Julian”), a wholly owned subsidiary of Fresnillo plc (“Fresnillo”) plan to complete a minimum of 2000m of diamond core drilling targeting bulk minable, underground silver resources at the historic Plata Verde mines. The drill program is fully funded by Minera San Julian as part of the option agreement (see news release, March 5, 2024) signed between the companies to jointly explore Plata Verde.
Bruce Smith, Radius Gold President and CEO, commented: “The Radius Gold team is excited to get started drilling at Plata Verde. The large-scale historic silver mines have never been drill-tested and are compelling targets. As one of the largest silver producers in the world, our partner, Fresnillo, brings significant expertise to this exploration program and our project team. We are encouraged by the results of surface and underground chip sampling, the metallurgical program, and the project’s history of bulk tonnage underground silver production. The large scale excavations inside these mines indicate that the historic miners were into a significant mineralized system and the clearly visible banded silver sulphides found on the walls and roofs of the mines add to our confidence in making a discovery at this project.”
Following the completion of the first-pass diamond drilling, additional drilling will be based on results, to be confirmed by the Radius and Fresnillo joint technical committee. Silver mineralization occurs as massive to crustiform banded barite calcite and quartz with silver chlorides, sulphosalt minerals and native silver infilling and cementing fractures and breccia within a basaltic/andesite extrusive volcanic. The basaltic/andesite host occurs at the base of the Upper Rhyolitic Volcanics of the Northern Sierra Madre.
A historic extensive network of anastomosing mining tunnels and cavities was completed by hand with hammer, chisel and black powder explosives, leaving behind large underground cavities up to 50m x 50m x 30m high. Throughout the mines roman numerals painted on the walls record up to 58 mining areas. The mining excavations define a strike extension of over 500m and up to 300m wide. The host volcanic unit is at least 60m thick.
Silver mineralization is observed within mantos with multiple large scale breccia zones, fracture fill, stockwork and disseminated style mineralization within the volcanic host. Drilling will target extensions of the manto systems and also feeder systems below the mantos.
Figure 1. Historic silver mines at Plata Verde, an anastomosing sequence of silver mines, excavated in the late 1800’s following silver mantos hosted within basaltic volcanics.
Click Image To View Full Size
Figure 2. Banded silver sulphides, with barite, calcite and silica with characteristic green silver chloride oxides.
Click Image To View Full Size
Drill Targets
Figure 3. Plata Verde mines showing planned drilling in 3D with historic mines and silver rock chip sampling.
Click Image To View Full Size
Plata Verde Project
The Plata Verde project, located in Chihuahua, Mexico, was re-discovered by Radius Gold, and is a historic, large-scale, underground, bulk tonnage silver mining operation. Plata Verde is located east of the historic Batopilas silver mining district (1708 to 1920) which reputedly produced over 300 million ounces of silver from high grade veins and structures.
Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’ Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith has reviewed and approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located in Mexico and Guatemala utilizing partnerships where appropriate to retain the Company’s treasury. Management is seeking out additional investment and project acquisition opportunities across the globe. Radius is a member of the Gold Group of companies, led by Simon Ridgway. You may find more information on Radius Gold at www.radiusgold.com or www.sedarplus.ca.
ON BEHALF OF THE BOARD
Simon Ridgway
Executive Chairman
Symbol: TSXV-RDU
Contact: Bruce Smith
200 Burrard Street, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: info@goldgroup.com
Website: www.radiusgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company’s plans for its properties. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and the planned exploration and development activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Minaurum Engages Independent Mining Consultants Inc. for Mineral Resource Estimate at Alamos Silver Project
https://www.newsfilecorp.com/release/213800
June 25, 2024 8:30 AM EDT | Source: Minaurum Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) ("Minaurum" or "Company") is pleased to announce it has engaged Independent Mining Consultants Inc. ("IMC") to complete an initial mineral resource estimate at its flagship 100%-owned Alamos silver project ("Alamos") in Sonora State, Mexico. The NI 43-101 compliant Mineral Resource Estimate will initially focus on the Europa and Promontorio silver veins. An IMC qualified person (QP) will be on site and commence work in July 2024.
"We are very pleased to appoint IMC to complete an initial resource estimate at the Alamos silver project," stated Darrell Rader, President and CEO of Minaurum Gold. "The resource estimate should be finished in the fourth quarter of 2024 and will incorporate results from our upcoming drill program. IMC has considerable experience in Mexico having worked for Orla Mining and Alamos Gold. As the only recent silver discovery in Mexico with a mining permit, this is the next step to advance and add significant value to our project."
IMC has extensive international experience with a 40-year track record of producing independent assessments of resources, reserves, audits, and project evaluations including preliminary assessment reports, mine planning, and optimization. IMC's personnel are Qualified Persons under the NI 43-101 standard and have provided QP resource-estimation services for several Mexican projects including Alamos Gold's Mulatos and La Yaqui - Cerro Pelon mines, Argonaut Gold's Magino project, Lumina Gold's Cangrejos project, and Orla Mining's Camino Rojo project. IMC is based in Tucson, Arizona.
Minaurum's technical team is confident that the planned resource work program will not only result in calculating an initial NI 43-101 compliant mineral resource estimate, but also expand the understanding of the mineralized envelope and geology within the underexplored Alamos district.
Scope of Work
Review Database and Complete QAQC Analysis - An independent analysis of the QAQC data that is regularly collected by Minaurum at Alamos.
Review Existing Geologic Interpretation - A review of the cross sections and/or level plans to guide the development of the mineralization controls and geologic model.
Qualified Person Site Visit - An IMC QP will visit the property to understand the geology, data and sample collection, and controls on mineralization.
Geologic Interpretation and Model Assembly - A model of vein boundaries based on a combination of geologic logging and economic cutoff grades will be developed with the use of statistical tools and conventional wire frame interpretation on the Europe and Promontorio vein systems.
Metallurgical Process Review - Results to date will be reviewed to establish a supportable basis for determination of cutoff grade.
Geotechnical Data Review - Rock Quality Designation (RQD) and core-recovery data will be reviewed in order to make approximate judgements of mining methods. Any existing analysis of the geotechnical data will be reviewed and incorporated.
Resource-Definition Parameters - Economic input parameters for determination of mineral resources alongside any work completed by Minaurum will be integrated into the estimate.
Mineral Resource Estimate - Underground mineral resources will be established to determine the component of the mineralization that has reasonable expectation of economic extraction.
NI 43-101-compliant Mineral Resource Estimate and Report - A complete independent technical report by IMC will be submitted along with the appropriate certificates and consents to publish.
Follow us and stay updated:
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X (formerly known as Twitter): @minaurumgold
LinkedIn: https://www.linkedin.com/company/minaurum-gold-inc
Subscribe to our email list at www.minaurum.com
Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) is a Mexico-focused explorer concentrating on the high-grade 100%-owned fully production-permitted Alamos silver project in southern Sonora. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value to develop and acquire a pipeline of potential Tier One precious metals projects. Through a portfolio containing silver projects totaling 37,928 hectares; gold projects totaling 25,933 hectares; and copper projects totaling 12,856 hectares, Minaurum provides significant exposure to precious and base metals.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu - Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
___________________________________________________________________________
1570- 200 Burrard Street
Vancouver, BC V6C 3L6
Phone: 778 330-0994
www.minaurum.com
info@minaurum.com
Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this News Release. Historical data reported in this news release has not been verified.
Cautionary Note Regarding Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
In making the forward-looking information in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum's current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. Minaurum does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Minaurum Gold Inc.
Silver Storm Extends San Marcos Mine 100 M at Depth With High-grade Drill Results
https://finance.yahoo.com/news/silver-storm-extends-san-marcos-113900485.html?_fsig=Xo4VTHfCthNOdwNRghqOJw--%7EA
Business Wire
Mon, Jun 24, 2024, 4:39 AM PDT16 min read
Tocvan Reports on Progress of the Pilar Gold - Silver Project
https://www.accesswire.com/880030/tocvan-reports-on-progress-of-the-pilar-gold-silver-project
Friday, 21 June 2024 02:01 AM
Highlights:
Total of 3,268 meters drilled from 26 RC Drillholes
Results pending for 11 drillholes totaling 1,442.8 meters
Summer Surface Mapping, Rock and Soil Sampling Planned Across Southern Block of Expansion Area
Definition of Expansion Area Footprint; Mine Development Planning
Placer Miners Open Up New Area in Northern Expansion Block Expanding Target Potential
CALGARY, AB / ACCESSWIRE / June 21, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to provide a progress update from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico.
To date, the 2024 drill program has completed 3,268 meters across 26 drill holes. Results for eleven drill holes are currently pending analysis (green squares on Figure 1). Drilling at Pilar has been paused to allow for the review of results and assess the summer weather conditions. A second drilling rig for core is being contemplated for later this year to expedite the build out of a robust geological model and accompany the remaining infill and step out drill holes for resource estimation.
"We are extremely pleased with the progress of the 2024 drill program, having completed 3.3 kilometers of the planned seven kilometers of drilling at Pilar already." commented Brodie Sutherland, CEO. "So far this year, we have hit the most significant step-outs ever at Pilar. With more results pending we are looking forward to the remaining half of the year. To enhance our understanding of Pilar and build out our geologic model, core drilling will be implemented again at Pilar. In 2022, an initial core program yielded some of the best results ever from the Main Zone, we look to continue that work this year. Across the broader expansion area numerous targets are taking shape, our focus will be on the immediate expansion of Pilar and defining new areas of mineralization along with areas suitable for mine development infrastructure. There is a large footprint to sample, and we are excited to display the ultimate scale of Pilar."
Current placer mining activity has increased along a new corridor heading northeast along the central part of the property (Figure 2). The new activity indicates another prospective area exists where no sampling data has been collected. The Company will evaluate the area for potential targeting. Across the Northern Alteration Zone (Figures 2 and 3) a major producer has been focused evaluating the exploration potential of the area. The Company is encouraged by their initial observations. An additional two weeks of work is expected across the expansive area.
Summer Field Operations
Work will be ongoing at Pilar during the summer months with an emphasis on detailed surface evaluation of the geology and geochemistry of the expansion area. Initial rock sampling and mapping has provided key evidence for a much larger mineralized footprint at Pilar. The same volcanic andesite host rock is present across the southern block hosting the same vein, breccia and disseminated mineralization as seen at the Main Zone. Recently built roads have provided new access to the area. Sampling so far has defined an elevated footprint of gold and silver 2.5x larger than the current extent of drilling at Pilar. Mineralization remains open to the north and east across the southern block. Grid soil sampling along with mapping and rock chip sampling will be completed across the area to better define the extents of mineralization. Later in the year the Company is evaluating a UAV based magnetics survey to further assist in the definition of fault structures and alteration. The objective of the surface work will be to: 1) Further define drill targets across the expansion area for additional resource potential; 2) Identify areas with no significant mineralization adequate for leach pads, tailings and other mine infrastructure including processing facilities.
Plate 1. A. Company management meeting with local community stakeholders to discuss plans for 2024 and beyond. B. Project Manager, Isaac Ortega touring local geologist on the expansion area. C. Intense clay alteration at the northern extent of the expansion area. D. Gold from Pilar.
Figure 1. Summary map of drill highlights and surrounding surface results.
Figure 2. Pilar Project Planview map showing the southern block made up of the Pilar Main Zone and the newly discovered placer source with additional gold-silver mineralization extending to the south. Within the northern block, a large alteration zone that spans 3.3 km by 1.5 km (North Alteration Zone) has returned high-grade gold and silver values in the first few sampling programs across the newly acquired area.
Figure 3. Aerial view of the North Alteration Zone where the first two and only samples collected to date returned up to 3.2 g/t Au and 1,225 g/t Ag associated with old underground workings tied to a large area of advanced argillic alteration. The broader North Alteration Zone extends for over 3.3 kilometers in length and is 1.5 kilometers wide.
About the Pilar Property
The Pilar Gold-Silver property has returned some of the regions best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. Pilar is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. Initially three primary zones of mineralization were identified on the original property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-T. Each trend remains open to the southeast and north and new parallel zones have been discovered. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Mineralization extends along a 1.2-km trend, only half of that trend has been drill tested so far. The Company has now expanded its interest in the area by consolidating 22 square-kilometers of highly prospective ground where it has already made significant surface discoveries.
Pilar Drill Highlights:
2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
29m @ 0.7 g/t Au
35.1m @ 0.7 g/t Au
2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag;
24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
15,000m of Historic Core & RC drilling. Highlights include:
21.0m @ 38.3 g/t Au and 38 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
61.0m @ 0.8 g/t Au
Pilar Bulk Sample Summary:
62% Recovery of Gold Achieved Over 46-day Leaching Period
Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
Bulk Sample Only Included Coarse Fraction of Material (+3/4" to +1/8")
Fine Fraction (-1/8") Indicates Rapid Recovery with Agitated Leach
Agitated Bottle Roll Test Returned Rapid and High Recovery Results: 80% Recovery of Gold and 94% Recovery of Silver after Rapid 24-hour Retention Time
Additional Metallurgical Studies:
Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
95 to 99% Recovery of Gold
73 to 97% Recovery of Silver
Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth.
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration and development company. Tocvan was created in order to take advantage of the prolonged downturn in the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan has approximately 51 million shares outstanding and is earning into two exciting opportunities in Sonora, Mexico. The Company has consolidated an attractive land position at its Pilar Gold-Silver Project where it holds 100% interests in over 21 square kilometers of prospective area and a majority ownership (51%) in a one square kilometer area shared with Colibri Resources. The Company also holds 100% interest in the Picacho Gold-Silver project in the Caborca Trend of northern Sonora, a trend host to some of the major gold deposits of the region. Management feels both projects represent tremendous opportunity to create shareholder value.
Quality Assurance / Quality Control
Samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.
Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
Cautionary Statement Regarding Forward Looking Statements
Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.
There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
For more information, please contact:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
403-829-9877
bsutherland@tocvan.ca
The Howard Group
Jeff Walker
VP Howard Group Inc.
403-221-0915
jeff@howardgroupinc.com
SOURCE: Tocvan Ventures Corp
Ranchero Announces Closing of the Sale of Its Santa Daniela Property and Receipt of US$1,892,000
https://ca.finance.yahoo.com/news/ranchero-announces-closing-sale-santa-213000990.html
Ranchero Gold Corp.
Wed, June 19, 2024 at 2:30 p.m. PDT·4 min read
AGI
+2.20%
RNCHF
0.00%
VANCOUVER, British Columbia, June 19, 2024 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V: RNCH) is pleased to announce that its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. (“Paika”) has closed the sale of four mineral licenses (the “Licenses”) of the Santa Daniela project, as announced in the Company’s press release dated December 27, 2023, to Minas de Oro Nacional, S.A. de C.V. (“Minas de Oro”), a wholly-owned subsidiary of Alamos Gold Inc. (TSX:AGI). The Company has received a total of US$2,550,000 for the sale of Paika’s interest in the Licenses, of which US$658,000 was paid on signing of a letter of intent and a further US$1,892,000 on closing, following official transfer of the Licenses to Minas de Oro.
Additionally, in the event that Minas de Oro declares a Mineral Reserve of, or mines, greater than 500,000 ounces of gold within the Licenses, a further payment of US$2,500,000 will be due to Paika from Minas de Oro (the “Conditional Payment”).
Going forward, the Company will focus its efforts on exploring the Pinchi Lake nickel project as well as opportunistically looking at new projects.
In connection with the sale of the Licenses, the Company will pay a finder’s fee to an arm’s length party (the “Finder”) for facilitating the introduction of the Company to Alamos Gold Inc. and the discussions between the parties in negotiating the terms for the sale of the Licenses. The Finder will receive a cash finder’s fee of US$63,750 and 2,589,231 common shares of the Company (each, a “Common Share”). Additionally, if the Company receives the Conditional Payment, the Finder will receive an additional cash finder’s fee of US$62,500 and up to 2,777,500 Common Shares valued at US$62,500, subject to a minimum issue price of Cdn$0.03 per Common Share. The Common Shares issuable to the Finder will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.
The sale of the Licenses and the finder’s fee remains subject to the final approval of the TSX Venture Exchange.
About Ranchero Gold
Ranchero is an exploration and development company currently focused on the Pinchi Lake Nickel Project (the “Pinchi Project”). Ranchero can earn a 100% interest in the Pinchi Project, consisting of six mineral claims totaling 3,917 hectares, situated approximately 15 to 30 km northwest of Fort St. James and 120 km northwest of Prince George in central British Columbia.
On behalf of the Board of Directors of the Company:
Jesus Noriega
Interim Chief Executive Officer and Director
For further information, please contact:
Jesus Noriega
Interim Chief Executive Officer and Director
52 1 (662) 437 8520
info@rancherogold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results “ may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), or that are not statements of historical fact, may be “forward-looking statements”. Forward-looking statements contained in this news release include, but are not limited to, statements regarding the Conditional Payment, payment of the finder’s fee and the Company’s exploration plans.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. These risks and uncertainties include but are not limited to: risks related to regulatory approval, risks related to financial markets and mining companies generally, and risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Silver Bull Files Memorial in Claim Against Mexico
https://www.accesswire.com/878936/silver-bull-files-memorial-in-claim-against-mexico
Tuesday, 18 June 2024 05:00 PM
VANCOUVER, BC / ACCESSWIRE / June 18, 2024 / Silver Bull Resources, Inc. ("Silver Bull" or the "Company") provides an update on progress with its international arbitration claim against the United States of Mexico ("Mexico").
Silver Bull announces it has filed its memorial submission against Mexico setting out a damages claim of US$408 million under the Agreement between the United States of America, Mexico, and Canada (the "USMCA") and the North American Free Trade Agreement ("NAFTA"):
The arbitration arises from Mexico's unlawful expropriation and other unlawful treatment of Silver Bull by the Mexican Government resulting in a total loss of its investment due to an illegal blockade of Silver Bull's Sierra Mojada project that began in September 2019 and continues to this day.
On June 17, 2024, Silver Bull filed its Memorial submission with ICSID detailing the claim against Mexico as well as damages for the sum of US$408 million. The Arbitration hearing is set to commence in October 2025.
Silver Bull engaged a quantum expert from Berkeley Research Group to assess the Company's damages. This evaluation serves as the foundation for determining the value of Silver Bull's Claim against Mexico.
A three-person arbitration panel (the "Tribunal") by the International Centre for Settlement of Investment Disputes ("ICSID") has been confirmed, with the Tribunal having convened its first session with the parties on February 13, 2024.
The Company has hired Boies Schiller Flexner (UK) LLP ("BSF") as Legal counsel for the Claim. BSF is an international law firm with extensive experience in international investment arbitration concerning mining and other natural resources, to act on its behalf. The BSF Team is being led by Timothy L. Foden, a noted practitioner in the mining arbitration space.
Silver Bull is financially supported by Bench Walk Advisors LLC via a Litigation Funding Agreement ("LFA") for up to US$9.5 million to finance the case and the running of the Company.
Silver Bull's CEO, Mr. Tim Barry commented, "Whilst it had been Silver Bull's intention to continue developing the Sierra Mojada Project, an illegal blockade by a local mining cooperative trying to force an underserved royalty payment from the Company began in September 2019 and continues to this day. Despite multiple favourable rulings by the Mexican Courts that Silver Bull did not owe the blockaders a royalty payment, and numerous requests to the Mexican Government to uphold the law and end the illegal blockade, the Government failed to take any action, preventing Silver Bull from accessing the site for over four years and preventing the Company from conducting its lawful business in Mexico. That failure to act was a breach of Mexico's obligations under the NAFTA. This has resulted in the total loss of Silver Bull's investment and total destruction of shareholder value at Sierra Mojada..
The substantial litigation funding secured under the LFA is a testament to the strength of Silver Bull's claims. The US$9.5 million funding facility is non-dilutive to Silver Bull shareholders and is expected to cover the full legal costs of the claim, expert, and ancillary costs, as well as Silver Bull's operating expenses. Bench Walk will have a contingent entitlement to damages in the event that damages are awarded ".
BACKGROUND TO THE CLAIM: The arbitration has been initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank's International Centre for Settlement of Investment Disputes (ICSID), to which Mexico is a signatory.
Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration owing to Mexico's breaches of NAFTA by unlawfully expropriating Silver Bull's investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA's national treatment standard.
Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without a resolution.
Despite repeated demands and requests for action by the Company, Mexico's governmental agencies allowed the unlawful blockade to continue, thereby failing to protect Silver Bull's investments. Consequently, Silver Bull will seek to recover, based on the Quantum Expert's evaluation, an amount of US$408 million in damages that it has suffered due to Mexico's breach of its obligations under NAFTA.
THE SIERRA MOJADA DEPOSIT: Silver Bull's only current property is the Sierra Mojada deposit located in Coahuila, Mexico. Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated "global" Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the "global" Mineral Resource is a Measured and Indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.
For a full summary of the Sierra Mojada resource, please refer to Silver Bull's news release located at the following link:
https://www.silverbullresources.com/news/silver-bull-resources-announces-5.35-billion-pounds-zinc-87.4-million-ounces-silver-in-updated-sierra-mojada-measured-and/
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, CPAusIMM
President and Chief Executive Officer and Director
INVESTOR RELATIONS:
1 604 687 5800 info@silverbullresources.com
Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull's future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining Exchange approval in respect of the Private Placement, that any investors shall invest in the Private Placement on the terms outlined herein or at all. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company's filings under Silver Bull's profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE: Silver Bull Resources, Inc.
Xali Gold: Drilling Commences at the El Oro Tailings Project in Mexico
https://ca.finance.yahoo.com/news/drilling-commences-el-oro-tailings-110000384.html
Xali Gold Corp.
Mon, June 17, 2024 at 4:00 a.m. PDT·4 min read
CGDXF
0.00%
VANCOUVER, British Columbia, June 17, 2024 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or “the Company”) is pleased to announce that a 20 hole sonic drill program has commenced on the Mexican Mine Tailings Reprocessing Project (“Tailings Reprocessing”) at El Oro in Mexico (the “El Oro Tailings Project”). Drilling is being carried out by Major Drilling Group International for the purpose of taking a representative sample, which will be used in metallurgical test work to confirm the process flowsheet.
As per Xali Gold News Releases dated April 15, 2024 and May 16, 2024, the Company signed a Letter of Intent to enter a Purchase Agreement with Kappes, Cassiday & Associates (“KCA”), who have teamed up with Starcore International Mines Ltd. (“Starcore”) to put into production our environmental rehabilitation project to clean up the Mexico Mines Tailings in El Oro. Once production begins on the El Oro Tailings Project, KCA will pay Xali Gold a gross royalty equal to 4% of the sales income received from all gold and silver produced, less any royalties due and payable to others (the Municipality of El Oro), but in no case less than a 3% gross royalty.
Starcore has joined forces with KCA to launch an environmental rehabilitation project to clean up mine tailings from the municipality of El Oro in Mexico. The two groups have agreed to form a joint venture, with KCA contributing its expertise and services for the project aimed at rehabilitating the environment, while Starcore assumes the role of Operator and Financier for the joint venture.
“We are very pleased that significant work has commenced so quickly on the El Oro Tailings Project,” says Joanne Freeze, President and CEO of Xali Gold. “The fact that KCA is using Starcore’s already permitted mine plant site nearby for the reprocessing, has potential to allow us to get the El Oro Tailings Project running sooner than expected.”
The tailings were the subject of a National Instrument 43-101 Resource Study in 2014 which reported that the tailings contain an Inferred Mineral Resource Estimate* of 1.27M tonnes at a grade of 2.94 grams per tonne (“gpt”) gold and 75.12 gpt silver (3.85 gpt gold equivalent) containing 119,900 ounces of gold and 3,061,200 ounces of silver. KCA’s recent work has resulted in an estimated recovery of over 75% of the gold and silver. These results are on composites which did not access the full depth of the tailings. While the data indicates that the tailings are mineralogically uniform, the new drill program is designed to provide samples to confirm this assumption. The Mexico Mine tailings are situated on land owned by the Municipality of El Oro. El Oro is one of the towns designated as “Pueblo Magico” near Mexico City. Cleanup of these tailings will eliminate potential environmental risks while releasing a large block of land which the Municipality can use for further development.
*Note: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the accuracy of the estimate. For more information see “National Instrument 43-101 Technical Report on the Inferred Mineral Resource Estimate of the Mexico Mine Tailings” prepared by Nadia Caira, P.Geo. and Allan Reeves, P.Geo., dated August 25, 2014 with an effective date of July 8, 2014 available at www.sedar.com.
About Xali Gold
Xali Gold has gold and silver projects in Peru and Mexico. The Company’s flagship project El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin Nr. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores).
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200m.
Xali Gold is dedicated to being a responsible Community partner.
Joanne C. Freeze, P.Geo., President and CEO is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. Ms. Freeze has reviewed and approved the contents of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information
This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to historical production records and resource estimates. While such forward-looking information is expressed by Xali Gold in good faith and believed by Xali Gold to have a reasonable basis, they may address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Xali Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold and silver prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Xali Gold expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Xali Gold Corp.
“Joanne Freeze” P.Geo.
President, CEO and Director
For further information please contact:
Joanne Freeze, President & CEO
Tel: + 1 (604) 689-1957
info@xaligold.com
Silver Tiger Intersects from Surface 79.5 Metres of 1.13 g/t Gold Equivalent Including 35.4 Metres of 2.07 g/t Gold Equivalent in the Stockwork Deposit
https://www.accesswire.com/878206/silver-tiger-intersects-from-surface-795-metres-of-113-gt-gold-equivalent-including-354-metres-of-207-gt-gold-equivalent-in-the-stockwork-deposit
Tuesday, 18 June 2024 07:00 AM
HALIFAX, NS / ACCESSWIRE / June 18, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF)
Almaden Files Request for Arbitration Against Mexico with International Centre for Settlement of Investment Disputes
https://ca.finance.yahoo.com/news/almaden-files-request-arbitration-against-110000099.html
Almaden Minerals Ltd.
Mon, June 17, 2024 at 4:00 a.m. PDT·5 min read
AAUAF
+10.58%
VANCOUVER, British Columbia, June 17, 2024 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (together with its Mexican Subsidiary, Minera Gorrión S.A. de C.V., “Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) announces that it has commenced international arbitration proceedings against the United Mexican States (“Mexico”) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”).
The Company’s international arbitration claim against Mexico will be prosecuted pursuant to the established and enforceable legal framework of the International Centre for Settlement of Investment Disputes (“ICSID”). Almaden alleges that Mexico has breached its obligations under the CPTPP through actions which blocked the development of the Ixtaca project and ultimately retroactively terminated the Company’s mineral concessions, causing the loss of the Company’s investments in Mexico.
Almaden initiated the six-month consultation period required under the CPTPP on December 13, 2023. Mexico agreed to hold one consultation meeting, which took place on May 30, 2024, but it did not result in an amicable resolution of the Company’s investment dispute. The Company filed notice of its intention to submit a claim to arbitration against Mexico under the CPTPP on March 14, 2024, triggering a 90-day notice period prior to filing. With this notice period now over, the Company has filed its Request for Arbitration with ICSID.
Duane Poliquin, Chair of Almaden, stated “This is clearly not a desirable outcome for our tremendous discovery back in 2010. With the announcement of the feasibility study in 2018, the Ixtaca project was poised to become a significant success for shareholders, local communities, and Mexico. The Company followed best international standards and practices, including through adoption of dry stack filtered tailings, ore-sorting, and water management plans that could have improved water availability for local communities. Our human rights due diligence was second to none and kept pace with the technical evolution of the project, culminating in a Human Rights Impact Assessment completed to the highest international standards. We are problem solvers and sought to resolve each challenge presented by Mexico, up until the point the Mexican government cancelled our concessions. This leaves us with no alternative but to pursue international arbitration. We regret this outcome for shareholders, who may still see some benefit from the discovery as we pursue this arbitration. However I lament most heavily this outcome for local people, whom we have worked very closely with over the past two decades, and who have become our friends. They now stand to gain nothing from the Ixtaca project which was developed and designed with their assistance.”
About the Ixtaca Project and the Company’s Damages Claim
The Company discovered the Ixtaca project in 2010, and ultimately completed a feasibility study on the project, filing the technical report in 2019. Highlights of the project included the following:
Average annual production of 108,500 ounces gold and 7.06 million ounces silver (203,000 gold equivalent ounces, or 15.2 million silver equivalent ounces) over first 6 years;
After-tax IRR of 42% and after-tax payback period of 1.9 years;
Conventional open pit mining with a proven and probable mineral reserve of 1.39 million ounces of gold and 85.2 million ounces of silver;
All-in Sustaining Costs (“AISC”), including operating costs, sustaining capital, expansion capital, private and public royalties, refining and transport of $850 per gold equivalent ounce, or $11.30 per silver equivalent ounce;
Dry stack filtered tailings facility, and co disposal with waste rock with no tailings dam;
A fresh water storage dam for mine and community use, enhancing community access to a fresh water reservoir beyond closure;
Testing showed the host limestone “waste” rock and flotation tailings were neutralising and had low potential for metal leaching. Both products could have had commercial uses such as aggregate and cement feed;
Had the project proceeded, economic contributions were estimated to include approximately 600 direct jobs during the peak of construction and 420 jobs throughout the 11 year mine life. Assuming base case metal prices, the project could have generated approximately US$130 million in Federal taxes, US$50 million in State taxes and US$30 million in Municipal taxes and provide updated infrastructure to a marginalised region.
(All values shown are in $US; Base case uses $1275/oz gold and $17/oz silver prices. Gold and silver equivalency calculations assumed 75:1 ratio. Proven mineral reserves were comprised of 31.6 million tonnes grading 0.70 g/t gold and 43.5 g/t silver. Probable mineral reserves were comprised of 41.4 million tonnes grading 0.51 g/t gold and 30.7 g/t silver. The cut-off grade used for ore/waste determination was NSR>=$14/t. Associated metallurgical recoveries (gold and silver, respectively) were estimated as 90% and 90% for limestone, 50% and 90% for volcanic, 50% and 90% for black shale).
As part of the CPTPP requirements, although still at an early stage in the arbitration process, the Company must submit an initial and preliminary estimate of damages claimed. As noted in the Company’s press release of March 14, 2024, Almaden is pursuing this arbitration together with Almadex Minerals Ltd., on behalf of themselves and their Mexican subsidiaries, and based on a preliminary estimate will be seeking damages of no less than US$200 million, in the aggregate.
As the arbitration proceeds, the Company expects to appoint a quantum expert who will prepare a professional damages assessment for review by the arbitration tribunal. The Company will update shareholders as this process evolves.
The Company has engaged international arbitration counsel at Boies Schiller Flexner to act on its behalf.
On behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin
Chair
Almaden Minerals Ltd.
Safe Harbor Statement
Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, the appointment of a quantum expert and the result and damages arising from the Company’s request for arbitration.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant legal, regulatory, business, operational and economic uncertainties and contingencies, and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include: stability and predictability in Mexico’s response to the arbitration process under the CPTPP; stability and predictability in the application of the CPTPP and arbitral decisions thereon; the ability to finance the arbitration process, and continued respect for the rule of law in Mexico. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release. Such risks and other factors include, among others, risks related to: the application of the CPTPP and arbitral decisions thereon; continued respect for the rule of law in Mexico; political risk in Mexico; crime and violence in Mexico; corruption in Mexico; treatment of environmental matters and indigenous consultation under Mexican laws and regulations; impact of environmental impact assessment requirements on the Company’s planned exploration and development activities on the Ixtaca project; uncertainty as to the outcome of arbitration; community relations; governmental regulations; risks related to mineral properties being subject to prior unregistered agreements, transfers or claims and other defects in title; changes in mining, environmental or agrarian laws and regulations and changes in the application of standards pursuant to existing laws and regulations; as well as those factors discussed the section entitled "Risk Factors" in Almaden's Annual Information Form and Almaden's latest Form 20-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that our forward-looking statements or information will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to on forward-looking statements or information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact Information:
Almaden Minerals Ltd.
Tel. 604.689.7644
Email: info@almadenminerals.com
http://www.almadenminerals.com/
Riverside Resources Expands Ariel Copper Project with Acquisition of Adjacent Maria Luisa Copper Property, Sonora, Mexico
https://www.newsfilecorp.com/release/213254
June 17, 2024 6:00 AM EDT | Source: Riverside Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY)
Luca Sets up for a Strong 2H 2024 with Production Guidance of 60,000 - 70,000 AuEq Ounces for the Full Year
https://www.newswire.ca/news-releases/luca-sets-up-for-a-strong-2h-2024-with-production-guidance-of-60-000-70-000-aueq-ounces-for-the-full-year-807589817.html
Luca Mining Corp. Jun 13, 2024, 07:00 ET
VANCOUVER, BC, June 13, 2024 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce its 2024 guidance and outlook for its 100% owned Campo Morado and Tahueheuto m
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Horseshoe Gold Mining #msg- ICU International Croesus http://www.icu-cdnx.com/ #msg-12596835 INM International Northair http://www.northair.com/international/ #msg-12690584 IPT Impact Minerals http://www.impactmin.com/ #msg-14609943 JNY Journey Resources http://www.journeymining.com/ #msg- KBR Kimber Resources http://www.kimberresources.com/ #msg- KRX Copper Ridge Explorations http://www.copper-ridge.com/s/Home.asp #msg-16024887 KTN Kootenay http://www.kootenaygold.ca/ #msg-15905105 LAQ La Quinta Resources http://www.laquintaresources.com/s/Home.asp #msg- LPT La Plata Gold http://www.laplatagold.com/ #msg- LEG Lateegra Resources http://www.lateegra.com/s/Home.asp #msg-16128955 LRR Linear Gold http://www.lineargoldcorp.com/ #msg- LZN Luzon Minerals http://www.luzonminerals.com/index.jsp #msg-15926085 MAG Mag Silver http://www.magsilver.com/s/Home.asp #msg- MFL Minefinders Ltd. http://www.minefinders.com/ #msg-15952775 MGM Morgain Minerals http://www.morgainminerals.com/s/Home.asp #msg- MMG MacMillan Gold http://www.macmillangold.com/ #msg-12566480 MNV Mexivada #msg- MR Metallica Resources http://www.metal-res.com/ #msg-21629282 MSM Mexican Silver Mines #msg-15058821 MXA Aurea Mining http://www.aureamining.com/s/Home.asp #msg-12452363 NMB Normabec Mining http://www.normabec.com/ #msg-17233626 NPG Nevada Pacific http://www.nevadapacificgold.com/ #msg- NW New World Resources http://www.newworldresources.com/ #msg- NWT Northwestern Mineral Ventures http://www.northwesternmineral.com/ #msg-15058803 NYG Nayarit Gold http://www.nayaritgold.com/ #msg-11415726 OGR Oro Gold Resources http://www.orogoldresources.com/ #msg-13085321 OK Orko Silver http://www.orkogold.com #msg- ORM Oremex Resources http://www.oremex.com/s/Home.asp #msg- PBR Probe #msg- PCM Pacific Comox Resources http://www.pacificcomox.com/ #msg-xxxxxxx PEM Premium Exploration #msg-12566522 PEZ Pediment Exploration http://www.pedimentexploration.com #msg- PJO Palmarejo http://www.palmarejogold.com #msg- PXI Planet Exploration http://www.planetexploration.info/ #msg-xxxxxxx QMI Queenston Mining Inc. #msg- QTA Quaterra Resources http://www.quaterraresources.com/ #msg-17233731 R Romarco #msg-12442505 RCT Rochester Resources http://www.rochesterresourcesltd.com/ #msg- RMR Rome Resources http://www.romermr.com/ #msg- RRM Ross River Minerals http://www.rossriverminerals.com/ #msg-12566616 SAM Starcore Ventures http://www.starcore.com/ #msg- SAN Santoy http://www.santoy.ca/s/Home.asp #msg- SB Stratabound Minerals http://www.stratabound.com/ #msg- SDR Stroud Resources http://www.stroudresourcesltd.com/ #msg- SEAF Seafield http://www.seafieldresources.com/ #msg-12690472 SEG Silver Eagle http://www.silvereaglemines.com/ #msg-19586583 SF Silver Fields #msg-15856869 SGG Sonora Gold Corp http://www.sonoragold.ca/ #msg-15029874 SIM Sierra Minerals http://www.sierraminerals.ca/ #msg-12690549 SOH Soho Minerals http://www.sohoresources.ca/ #msg-xxxxxxx SOL SOLTORO LTD. http://www.soltoro.com/ #msg-19586504 SMR Silvermex #msg-xxxxxxx SNN San Anton Resources http://www.sanantonresourcecorp.com/en/ #msg-19586589 SPM Scorpio Mining http://www.scorpiomining.com/ #msg-12935433 SQI Silver Quest http://www.silverquest.ca/s/Home.asp #msg- SRI Sparton Resources http://www.spartonres.ca #msg-12566641 SRY Stringray Resources http://www.stingrayresources.com/ #msg-13085336 SSV Southern Silver http://www.southernsilver.com/ #msg-12690528 SUN Sunrise Minerals http://www.sunriseminerals.com #msg-12690498 SVL Silvercrest Mines http://www.silvercrestmines.com/ #msg-12666452 SYR Sydney Resource Corporation http://www.sydneyresource.com/s/Home.asp #msg- TGC Terra Nova Gold Corporation http://www.terranovagold.com/ #msg-15905089 TM Tumi Resources http://www.tumiresources.com/en/ #msg- TMM Timmins Gold Corp. http://www.timminsgold.com/s/home.asp #msg- TSC Twenty-Seven Capital Corp http://www.27capitalcorp.com/s/Home.asp #msg- TYS Tyler Resources http://www.tylerresources.com/ #msg- UC UC Resources http://ucresources.net.gosynapse.com/ #msg-14648794 VGM Virgin Metals #msg- VGZ Vista Gold Corporation http://www.vistagold.com/index.php #msg-15040115 WAR War-Eagle Mining http://www.wareaglemining.com/s/Home.asp #msg- WHD West Hawk Dev. http://www.westhawkdevelopment.com/s/home.asp #msg-15040092 WML Wealth Minerals http://www.wealthminerals.com/ #msg-19586579 XOR X-Ore Resources http://www.x-ore.com/s/Home.asp #msg- ZMR Zaruma Resources http://www.zaruma.com/.............. LINKS Genco Summary #msg-3482149 http://www.smartinvestment.ca/ COMPANIES NOT CURRENTLY ACTIVE IN MEXICO
#msg-1884823 ADB Admiral Bay Resources http://www.admiralbay.com/ #msg- APM Amerix Precious Metals http://www.amerixcorp.com/ #msg-2408511 EGD Energold http://www.energold.com/s/Default.asp #msg-1884864 NWX Newport Exploration http://www.newport-exploration.com/s/Home.asp #msg- BBK Big Bar Gold http://www.bigbargold.com/
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