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Torex Gold Receives Approval for In-Pit Tailings Deposition
https://ca.finance.yahoo.com/news/torex-gold-receives-approval-pit-120000202.html
Torex Gold Resources Inc.
Wed, November 15, 2023 at 4:00 a.m. PST·4 min read
TORXF
-5.56%
All key approvals now in place for the operational phase of the Media Luna Project
TORONTO, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the Company has received approval from Mexico’s Secretariat of Environment and Natural Resources (“SEMARNAT”) regarding an amendment to the key environmental permit (“MIA”) for the Media Luna Project, which will allow for the deposition of tailings into the mined-out Guajes open pit.
Jody Kuzenko, President & CEO of Torex, stated:
“The amendment to the MIA is the last environmental approval required for the operational phase of the Media Luna Project and allows us to move forward with the deposition of tailings into the mined-out Guajes open pit. The switch to in-pit tailings deposition from filtered and dry-stacked tailings will coincide with the planned commissioning of the copper and iron sulphide flotation circuits as well as concentrate filtering and handling facilities.
“As outlined in the March 2022 Technical Report, approximately half of the tailings produced over the life of the Morelos Complex are expected to be deposited within the Guajes open pit, with the remainder deposited underground as cemented paste backfill. Work to prepare the Guajes pit for future tailings deposition will commence shortly in preparation for our plans to start depositing tailings in late 2024.
“Receipt of the MIA amendment marks another significant project de-risking milestone and further demonstrates the ongoing support of local communities and the endorsement of State and Federal Governments of both the social and environmental facets of the Morelos Complex.”
ABOUT TOREX GOLD RESOURCES INC.
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. The Company’s principal asset is the Morelos Complex, which includes the El Limón Guajes (“ELG”) Mine Complex, the Media Luna Project, a processing plant, and related infrastructure. Commercial production from the Morelos Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was released in March 2022. Torex’s key strategic objectives are to optimize and extend production from the ELG Mine Complex, de-risk and advance Media Luna to commercial production, build on ESG excellence, and to grow through ongoing exploration across the entire Morelos Property.
FOR FURTHER INFORMATION, PLEASE CONTACT:
TOREX GOLD RESOURCES INC.
Jody Kuzenko
Dan Rollins
President and CEO
Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 725-9982
Direct: (647) 260-1503
jody.kuzenko@torexgold.com
dan.rollins@torexgold.com
CAUTIONARY NOTES ON FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information also includes, but is not limited to, the switch to in-pit tailings deposition from filtered and dry-stacked tailings will coincide with the planned commissioning of the copper and iron sulphide flotation circuits as well as concentrate filtering and handling facilities; and Torex’s key strategic objectives to extend and optimize production from the ELG Mine Complex, de-risk and advance Media Luna to commercial production, build on ESG excellence, and to grow through ongoing exploration across the entire Morelos Property. Generally, forward-looking information and statements can be identified by the use of forward-looking terminology such as “forecast,” “plans,” “expects,” “strategic” or variations of such words and phrases or statements that certain actions, events or results “will,” “may,” “could,” or “would” occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks and uncertainties regarding the Company’s ability to satisfy the conditions in the MIA Integral and the risks and uncertainties identified in the technical report (the “Technical Report”) released on March 31, 2022, entitled “NI 43-101 Technical Report ELG Mine Complex Life of Mine Plan and Media Luna Feasibility Study”, which has an effective date of March 16, 2022, and the Company’s annual information form and management’s discussion and analysis or other unknown but potentially significant impacts. Forward-looking information and statements are based on the assumptions discussed in the Technical Report and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. 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, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.
Discovery Silver Reports Q3 2023 Financial Results and Update
https://ca.finance.yahoo.com/news/discovery-reports-q3-2023-financial-124500406.html
Discovery Silver Corp.
Tue, November 14, 2023 at 4:45 a.m. PST·13 min read
DSVSF
+2.17%
TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF)
Heliostar's New Parallel Panel Yields 16m Grading 11.2 g/t Gold within 147m Grading 4.1 g/t Gold at Ana Paula Project
Highlights:
Hole AP-23-309
- 147.05 metres @ 4.13 grams per tonne (g/t) gold including
- 16.0 metres @ 11.2 g/t gold in the Parallel Panel
Hole AP-23-308
- 14.8 metres @ 5.06 g/t gold in Parallel Panel
These results will not be included in the updated mineral resource estimate the Company expects to announce later this month and represents the potential for further resource growth
https://www.newsfilecorp.com/release/186634
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1)
SilverCrest Reports Third Quarter 2023 Results
https://www.newswire.ca/news-releases/silvercrest-reports-third-quarter-2023-results-844194143.html
SilverCrest Metals Inc. 08 Nov, 2023, 17:37 ET
On Track to Meet 2023 Guidance
TSX: SIL | NYSE American: SILV
Avino Reports Q3 2023 Financial Results
https://www.accesswire.com/801393/avino-reports-q3-2023-financial-results
Wednesday, 08 November 2023 17:45
VANCOUVER, BC / ACCESSWIRE / November 8, 2023 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6)
Mammoth Announces Gold Recoveries of up to 90% from Bottle Roll Tests on Material from Large Carneritos Area on its Tenoriba Gold-Silver Property, Mexico
https://thenewswire.com/press-releases/1LaPF52o4-mammoth-announces-gold-recoveries-of-up-to-90-from-bottle-roll-tests-on-material-from-large-carneritos-area-on-its-tenoriba-gold-silver-property-mexico.html
Toronto, Canada – TheNewswire - November 09, 2023 - Mammoth Resources Corp. (TSXV:MTH),
Prime Announces More High-Grade Drilling Results from the Z-T Area at Los Reyes
https://ca.finance.yahoo.com/news/prime-announces-more-high-grade-110000595.html
Prime Mining Corp.
Wed, November 8, 2023 at 3:00 a.m. PST
PRMNF
0.00%
High-grade gold and silver results continue substantially beyond Resource Pits at Tahonitas with drilling intercepting 6.30 gpt AuEq over 6.3 m etw
Gatos Silver Reports Third Quarter 2023 Financial Results and Increases 2023 Production Guidance
https://ca.finance.yahoo.com/news/gatos-silver-reports-third-quarter-223200264.html
Gatos Silver, Inc.
Mon, November 6, 2023 at 2:32 p.m. PST·17 min read
GATO
-4.37%
VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“
Radius Gold provides update on drilling at Tropico Project
https://thenewswire.com/press-releases/1k49FqVMR-radius-gold-provides-update-on-drilling-at-tropico-project.html
Vancouver, British Columbia – TheNewswire - November 7, 2023 - Radius Gold Inc. (TSXV:RDU) (“Radius” or the “Company”) is pleased to provide an update on drilling at its Tropico Project located in
Kingsmen Resources Yields up to 448g/t Silver from Surface Sampling on the NW Part of the Soledad Structure
https://www.newsfilecorp.com/release/186049
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2023) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF)
Golden Tag Announces Name Change to Silver Storm Mining and New Trading Symbol SVRS
https://www.newsfilecorp.com/release/186130/Golden-Tag-Announces-Name-Change-to-Silver-Storm-Mining-Ltd.-and-New-Trading-Symbol-SVRS
Toronto, Ontario--(Newsfile Corp. - November 2, 2023) - Golden Tag Resources Ltd. (TSXV: GOG) (OTCQB: GTAGF) (FSE: GTD) is pleased to announce it has changed its name to Silver Storm Mining Ltd (the "Company"). The Company has received approval from shareholders, its board and the TSX Venture Exchange (the "TSXV") to enact the name change. It is expected that the Company's shares will commence trading on the TSXV, the OTCQB Exchange ("OTCQB"), and Frankfurt Stock Exchange ("FSE") under Silver Storm Mining Ltd. effective at the opening of trading on or about November 7, 2023, and will trade on the TSXV under the new symbol (TSXV: SVRS) on the OTCQB under the symbol (OTCQB: SVRSF) and on the FSE under the symbol (FSE: SVR).
The new name better reflects the Company's strategic goal to become a Latin American focused silver producer at the recently acquired La Parrilla Project and at the San Diego Project, both located in Durango, Mexico.
The new ISIN for the Company is CA82825J1093, and the new CUSIP is 82825J109. Shareholders will not be required to take any action in connection with the name change. Issued certificates representing Common Shares will not be affected by the name change and will not need to be exchanged.
In connection with its name change, the Company is also pleased to announce the launch of its new website at www.silverstorm.ca.
About Golden Tag Resources (Silver Storm Mining Ltd.)
Golden Tag Resources Ltd. (soon - Silver Storm Mining Ltd.) holds advanced stage silver projects located in Durango, Mexico. Golden Tag recently completed the acquisition of 100% of the La Parrilla Silver Mine Complex, a prolific operation which is comprised of a 2,000 tpd mill as well as five underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds a 100% interest in the San Diego Project which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit our new website at www.silverstorm.ca.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: +1 (416) 504-2024
greg.mckenzie@silverstorm.ca
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 news release.
Cautionary Note Regarding Forward-Looking Statements:
Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase 'forward-looking information' in the Canadian Securities Administrators' National Instrument 51-102 - Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements regarding presentations and investor relation activities. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company or its service providers; disruptions in information systems upon which its service providers relies in connection with the delivery of its services to the Company; and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Atacama Copper and TCP1 Announce a Maiden Resource Estimate for the Yecora Copper Project, Sonora Mexico
https://www.newsfilecorp.com/release/185627
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2023) - Atacama Copper Corporation (TSXV: ACOP) ("
Silver Wolf Receives Drill Permit for the "El Soldado" Claim at the Ana Maria Project
https://www.accesswire.com/798598/silver-wolf-receives-drill-permit-for-the-el-soldado-claim-at-the-ana-maria-project
Thursday, 02 November 2023 06:45
VANCOUVER, BC / ACCESSWIRE / November 2, 2023 / Silver Wolf Exploration Ltd. (OTCQB:SWLFF)(TSXV:SWLF) ("Silver Wolf" or the "Company") is thrilled to report the exploration diamond drilling permit for the southern, "El Soldado" claim at Ana Maria has been received from the Secretariat of Environment and Natural Resources, SEMARNAT. Permits for the central "La Recompensa" claim remain in process, as the application for the exploration permit associated with this claim was submitted approximately 6 weeks after the southern El Soldado claim permit application.
"Our patience has been rewarded," said Peter Latta, President. "I'd like to thank our permitting team who worked diligently on our application. We look forward to kick starting our inaugural drill program at the southern claim which is our first priority drill target. Our team has assembled a drill program for up to 4,800 metres over 16 holes. Finally, we continue to remain patient for the receipt of the permit for the La Recompensa claim and will update the market when the time comes."
Sampling Results from Initial Geological work
The Company has previously reported geochemical sampling which totaled 1,010 samples, with both La Recompensa and El Soldado properties returning several significant sampling grades throughout the year. Highlights included 37.0 g/t gold and 7.6% zinc over 0.7m reported in our news release dated January 18, 2022, and from a channel sample at the outcropping skarn structure at the La Recompensa claim in our news release dated August 9, 2022 with 1,536 g/t of silver, 34.0% lead and 19.4% zinc sampled at the El Soldado Claim. Full results available on our website found news release page found at this link .
Outlook for the Remainder of 2023
As mentioned above the first priority for exploration drilling is at El Soldado, the southern claim block. These claims are located in an area that is prolific for carbonate replacement deposits (CRDs) which are typically high grade, and the work from our program has shown high grade values and geological hallmarks that suggest a CRD may be present.
This claim is hosted by the Cretaceous Aurora limestone formation. It has been observed that Ag-Pb-Zn mineralization has a preferred linear orientation along a NW-SE trend. Mineralization is hosted 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. Common hydrothermal minerals also include calcite, siderite, manganese, and quartz. The orientation of mineralized breccia bodies is controlled by NW-SE and NE-SW structures with inclinations ranging from 55° to 75°. The folding of the limestone units is interpreted to control the location of mineralization.
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 are 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.
The management team at Silver Wolf welcomes the opportunity to connect with investors and answer questions. 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.
SOURCE: Silver Wolf Exploration Ltd.
First Majestic Reports Third Quarter Financial Results and Quarterly Dividend Payment
https://www.newsfilecorp.com/release/186054
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2023) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV)
Regency Silver Intercepts 5.34 g/t gold over 54.65m Including 7.36 g/t gold over 38m at Its Dios Padre Project in Sonora, Mexico
https://www.accesswire.com/798701/regency-silver-intercepts-534-gt-gold-over-5465m-including-736-gt-gold-over-38m-at-its-dios-padre-project-in-sonora-mexico
Thursday, 02 November 2023 07:30
VANCOUVER, BC / ACCESSWIRE / November 2, 2023 / Regency Silver Corp. ("Regency Silver" or the "Company", (TSXV:RSMX) and (OTCQB:RSMXF
Golden Tag Extends C460B Zone 110 m at Depth in La Parrilla Silver Mine Complex
https://www.newsfilecorp.com/release/186081
Toronto, Ontario--(Newsfile Corp. - November 2, 2023) - Golden Tag Resources Ltd. (TSXV: GOG) (OTCQB: GTAGF) (FSE: GTD)
Silver Tiger Announces PEA With NPV of US$287M for the Open Pit Portion of El Tigre Silver-Gold Project
https://www.accesswire.com/798315/silver-tiger-announces-pea-with-npv-of-us287m-for-the-open-pit-portion-of-el-tigre-silver-gold-project
Wednesday, 01 November 2023 07:00
Torex Gold Provides Quarterly Update on Media Luna Project
https://ca.finance.yahoo.com/news/torex-gold-provides-quarterly-media-220000307.html
Torex Gold Resources Inc.
Mon, October 30, 2023 at 3:00 p.m. PDT·17 min read
TORXF
-2.97%
Project 49% complete as at the end of Q3 2023; Guajes Tunnel breakthrough expected by year-end
Figure 1
Breakthrough of Guajes Tunnel expected in late December (advance rates as at end of September)
Figure 2
Project execution plan for the Media Luna Project
(All amounts expressed in U.S. Dollars unless otherwise stated)
TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG)
Orla Mining Provides Third Quarter 2023 Operational Results and Increases 2023 Annual Gold Production Guidance
https://www.newswire.ca/news-releases/orla-mining-provides-third-quarter-2023-operational-results-and-increases-2023-annual-gold-production-guidance-878896868.html
Orla Mining Ltd. 16 Oct, 2023, 06:00 ET
VANCOUVER, BC, Oct. 16, 2023 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA)
Luca Mining Announces 1,000 tpd Construction Project Advancing to Plan at Tahuehueto Gold Mine in Mexico
https://www.prnewswire.com/news-releases/luca-mining-announces-1-000-tpd-construction-project-advancing-to-plan-at-tahuehueto-gold-mine-in-mexico-301966818.html
Luca Mining Corp. 25 Oct, 2023, 07:00 ET
VANCOUVER, BC, Oct. 25, 2023 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that its expansion project to double throughput to 1,000 tonnes per day ("tpd") at its wholly owned Tahuehueto Gold Mine in Durango, Mexico is progressing well and according to plan. The objective is to achieve an installed capacity of 1,000 tpd by year-end and announce commercial production in first quarter of 2024. First phase production levels are expected to reach over 40,000 ounces gold equivalent per year.
Construction Status
Luca Mining Announces 1,000 tpd Construction Project Advancing to Plan at Tahuehueto Gold Mine in Mexico (CNW Group/Luca Mining Corp.)
A second ball mill for the mine expansion has passed through all upgrades and inspections and is now on site and placed into the supporting structure (see photo). This second mill has a larger capacity and once commissioned the mine's installed capacity will be 1,250 tpd. Ancillary equipment (cyclones, pumps etc.) will be delivered to site before mid-October. Testing of the new mill is planned for late-November and, if successful, ramp-up will commence shortly after.
The flotation and concentrate filtration circuits already have an installed capacity of 1,000 tpd.
A second tailings filter press, with a nominal capacity of 500 tpd, will be transported to site within a week. The foundations for this press are completed. The third (back-up) tailings filter press has been secured and is undergoing inspections and refurbishments prior to shipping to site.
Construction of the second stage of the tailings embankment is currently 56% complete and progressing well.
Mike Struthers, CEO, commented: "The team at Tahuehueto, including our contractors and senior management, have done a great job in maintaining construction progress, pushing towards our 1,000 tpd goal, and we are on track to achieve this by year-end. We plan to be testing the second mill by late-November, and if successful we should be able to start ramping up to 1,000 tpd shortly afterwards. We are very close now to delivering Tahuehueto as the next, new profitable gold mine in Mexico."
CEO, Mike Struthers News Release Video Summary
About Luca Mining Corp.
Luca Mining Corp. is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects.
Luca's Tahuehueto Mine is an underground gold project in northwestern Durango State, Mexico, located within the prolific Sierra Madre Mineral Belt which hosts numerous producing and historic mines along its trend. Tahuehueto is on track to become a significant and one of Mexico's newest gold mines to come into production. The Pre-Feasibility Study updated in 2022 contemplates an operation achieving 40,000 ounces gold-equivalent per year production.
Campo Morado, located in Guerrero State, Mexico, is an operating underground base and precious metals mine producing zinc and copper concentrates with significant precious metals credits.
Qualified Persons
The technical information contained in this News Release has been reviewed and approved by Mr. Mike Struthers, C. Eng., CEO and Director of Luca Mining Corp. as the Qualified Person for the Company as defined in National Instrument 43-101.
Visit: https://lucamining.com
On Behalf of the Board of Directors
(signed) "Mike Struthers"
Mike Struthers, CEO and Director
Cautionary Note Regarding Production Decisions and Forward-Looking Statements
It should be noted that Luca declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, readers should be cautioned that Luca's production decision has been made without a comprehensive feasibility study of established reserves such that there is greater risk and uncertainty as to future economic results from the Campo Morado mine 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. Luca has completed a preliminary economic assessment ("PEA") mining study on the Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral resources (see News Release dated November 8, 2017, and April 4,2018).
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding the planned recommencement of mining operations at Campo Morado; and other possible events, conditions or financial performance that are based on assumptions about future economic conditions and courses of action; the timing and costs of future activities on the Company's properties, such as production rates and increases; success of exploration, development and bulk sample processing activities, and timing for processing at its own mineral processing facility on the Tahuehueto project site. In certain cases, Forward-Looking Information can be identified using words and phrases such as "plans," "expects," "scheduled," "estimates," "forecasts," "intends," "anticipates" or variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the current exploration, development, environmental and other objectives concerning the Campo Morado Mine and the Tahuehueto Project can be achieved; that recommencement of operations at Campo Morado will proceed as planned; the continuity of the price of gold and other metals, economic and political conditions, and operations. 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. 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. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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 Luca Mining Corp.
Tocvan Initiates UAV LiDAR and Surface Modelling Across Pilar Expansion Area, Begins Important Steps for Mine Permitting and Planning
https://www.accesswire.com/796630/tocvan-initiates-uav-lidar-and-surface-modelling-across-pilar-expansion-area-begins-important-steps-for-mine-permitting-and-planning
Thursday, 26 October 2023 08:30
Highlights
LiDAR Survey Starting Across Pilar Expansion Area to Provide Detailed 3D Surface for:
Infrastructure and Mine Development Planning
Environmental Permitting
Drill Targeting
Mapping of Historic Workings and Structure
Follow-up Sampling on NEW Surface Discovery, 4.5-km from Pilar - 5.6 g/t Au and 106 g/t Ag
Drill Planning at Pilar and Expansion
CALGARY, AB / ACCESSWIRE / October 26, 2023 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to announce it is starting the environmental permitting process at its Pilar gold-silver project in Sonora, Mexico with the initiation of a detailed UAV LiDAR survey across Pilar and the newly acquired Expansion Area. The expansion area covers over 21.7-square kilometers with initial surface samples returning high-grade gold and silver values (5.6 g/t Au and 106 g/t Ag) associated with intense hydrothermal altered volcanic rocks (see October 19th news release). The LiDAR and surface imagery data will provide high-resolution (centimeter scale), surface modelling that will be utilized for numerous initiatives including the start of environmental permitting for mine development; advanced drill targeting and infrastructure planning.
Figure 1. One of the newly acquired target areas in the expansion area 4.5-km north of Pilar. Recent recon sampling returned 5.6 g/t au and 106 g/t Ag in the first sample ever taken from the area, an area with expansive hydrothermal alteration over a 3.3x 1.5-km span. Alteration minerals tied to the hydrothermal system are shown from satellite ASTER data interpretation.
"We are excited to continue moving forward at Pilar with this key step towards future development and planning." stated Brodie Sutherland, CEO. "The LiDAR survey will serve to establish a high-resolution surface model in which we can begin detailed planning for infrastructure. It will also be a useful tool in drill targeting as we will be able to pickup historic mine workings and geological features that host potential gold and silver mineralization. Our team will also be following-up on the recent high-grade sample results in the northern alteration target area. An area we feel is just starting to take shape into a significant target with an alteration footprint that spans over three-kilometers long and nearly two-kilometers wide."
Figure 2. Overview of the Pilar Expansion Area with satellite ASTER interpretation data denoting alteration mineralogy. Base image from Google Earth.
About LiDAR
Light Detection and Ranging (LiDAR), is an important tool for engineering and exploration allowing for detailed mapping accuracy and precision of natural and manmade features. LiDAR generates three-dimensional data in combination with photo imagery to produce extremely detailed elevation models for project planning and development.
About the Pilar Property
The Pilar Gold-Silver property has recently 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. Three primary zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-T. The Main Zone and 4-T trends are open to the southeast and new parallel zones have been recently 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. To date, over 23,000 m of drilling has been completed.
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:
16.5m @ 53.5 g/t Au and 53 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
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration 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 39.9 million shares outstanding and is earning 100% into two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project. Management feels both projects represent tremendous opportunity to create shareholder value.
Brodie A. Sutherland, P.Geo., 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.
Quality Assurance / Quality Control
Rock chip grab 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.
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
Telephone: 1 888 772 2452
Email: ir@tocvan.ca
SOURCE: Tocvan Ventures Corp
CENTENARIO GOLD (Formerly AADIRECTION CAPITAL.) Announces Close of Qualifying Transaction
https://centenariogold.com/news/centenario-gold-corp-formerly-aadirection-capital-corp-announces-close-of-qualifying-transaction/
October 26, 2023
October 26, 2023, VANCOUVER, BC – The Qualifying Transaction of AADirection Capital Corp. (the “Resulting Issuer”); New TSXV Symbol: CTG has been completed effective as of today’s date. Pursuant to an amalgamation agreement, the Resulting Issuer acquired all of the issued and outstanding shares of Centenario Gold Corp. (“Centenario”) in consideration for the issuance of 35,499,156 Resulting Issuer common shares (“Common Shares”) on a 1:1 basis, with 1403285 BC Ltd. and Centenario amalgamating (the “Amalgamation”) and continuing as a wholly owned subsidiary (the “Continuing Subsidiary”) of the Resulting Issuer. The Resulting Issuer also issued 7,120,826 warrants to the former securityholders of Centenario and a further 784,986 finder’s warrants were issued in connection with the concurrent financing as detailed below.
In connection with the Qualifying Transaction, the Resulting Issuer’s name was changed from “AADirection Capital Corp.” to “Centenario Gold Corp.”
The Resulting Issuer will operate as a Tier 2 exploration issuer listed on the Exchange under the trading symbol CTG. The Company's new CUSIP number will be 15139A109 and its new ISIN will be CA15139A1093. Shareholders of the Company are not required to take any action with respect to the name change and are not required to exchange their existing share certificates for new certificates bearing the Company's new name. The transfer agent will send registered shareholders a new Direct Registration System advice (DRS) representing the number of Common Shares held by such shareholders in addition to the new warrants held by such warrant holders.
Concurrent Financing
As part of the Qualifying Transaction, Centenario issued 11,703,672 subscription receipts (the “Subscription Receipts”) at a price of $0.15 per Subscription Receipt for aggregate gross proceeds of $1,755,550.80 (the “Offering”). Each Subscription Receipt automatically converted, without payment of additional consideration or further action by the holder thereof, into one Centenario unit (each, a "Unit") just prior to the Amalgamation. Each Unit was comprised of one common share (each, a "Common Share") in the capital of the Company and one half of one common share purchase warrant (each whole warrant, a "Warrant"), exercisable at $0.30 per Warrant share for a period of two (2) years from issuance which securities were immediately exchanged 1:1 for securities of the Resulting Issuer.
In addition, upon conversion of the Subscription Receipts, Centenario paid to certain finders (the “Finders”) cash commissions of $117,748, being 8% of the aggregate gross proceeds raised by such Finders and 784,986 Finder’s Warrants (the “Finder’s Warrants”), being 8% of the aggregate number of Subscription Receipts issued under the Offering to subscribers introduced by the Finders. Each Finder’s Warrant was immediately exchanged 1:1 for finder’s warrants of the Resulting Issuer and are exercisable at $0.15 per warrant share for a period of two (2) years following the date of issuance and exchange.
Resulting Issuer Outstanding and Escrowed Shares
Following the closing of the Qualifying Transaction, there are 41,499,156 Common Shares issued and outstanding on an undiluted basis. 11,735,832 Common Share (representing approximately 28.28% of the issued and outstanding Common Shares on an undiluted basis and 89,166 Warrants of the Company have been deposited into escrow with Odyssey Trust Company pursuant to a Tier 2 value security escrow agreement, and an additional 2,000,000 Common Shares remain subject to a capital pool company escrow agreement, subject to initial releases from escrow as at the date of the “Final Exchange Bulletin” confirming acceptance of the Qualifying Transaction and resumption of trading which the Exchange has indicated will be issued shortly.
CEO Commentary
Alain Charest CEO, Director, stated “We are very pleased to have completed the Qualifying Transaction and concurrent financing. The hard work and due diligence of the Centenario and AADirection teams over the last six months has paid off in getting Centenario Gold Corp. listed and, shortly, trading, on the TSX Venture exchange under the symbol CTG. He further stated “We are very excited to start the maiden drill program on the Eden property that, to date, has proven to host exciting high-grade gold and silver targets. This initial drilling program is expected to start in mid-November and should be completed prior to Christmas.”
Stock Option Grant
The Resulting Issuer has granted 3,100,000 incentive stock options to directors, officers, employees, and consultants of the Company under its stock option plan. The options are exercisable for a period of five years at a price of $0.15 per share and are subject to acceptance of the Exchange.
About the Resulting Issuer
Centenario Gold Corp. is a junior mineral exploration company formed to focus on exploring and generating high quality mineral prospects in Mexico. During 2020, the exploration team of Centenario visited and evaluated more than 12 mineral prospects before finding the Eden goldsilverproperty located near the old mining town of Cosala, Sinaloa, in Durango state of Mexico. On March 24th, 2021, after completing the preliminary evaluation work and due diligence review, Durango Gold Corp S.A de C.V., the 100%-owned Mexican subsidiary of Centenario Gold Corp., signed a 4-year option agreement to acquire 100% of the mineral rights to the Eden Au-Ag property, in exchange for annual cash payments, exploration expenditure requirements and a 1% NSR.
The Eden Property is located in the historical Cosala mining district on the border of western Durango State and southeastern Sinaloa State, Mexico, in the southwestern foothills of the Sierra Madre Occidental, approximately 160 kilometres north of Mazatlan, Mexico. The Property consists of two (2) contiguous and titled mineral concessions named El Eden and El Eden 1, totalling 2,489 hectares. The Eden project contains a series of high-grade N to NE trending, epithermal Au-Ag vein structures that had never been systematically explored before. The Property’s northern border is adjacent to Americas Gold & Silver’s Nuestra Señora producing mine while the southern border is adjacent to Prime Mining’s Los Reyes property. On May 2,2023, Prime announced an updated mineral resource estimate for the Los Reyes project: 2.17 million measured, Indicated and Inferred gold equivalent ounces. Centenario completed a first phase exploration program on the Eden property in late 2022. During that period, Centenario collected more than 300 rock samples from surface and underground workings and more than 700 soil samples along the ‘Buenavista’prospect’s mineralized corridor. Many rock samples returned high grades, as high as 239.94 g/t Au and 1389.91 g/t Ag. Centenario also completed semi-detailed mapping over a 2.8 km portion of the ‘Buenavista’ prospect’s mineralized corridor, followed by an IP/Resistivity geophysical survey and soil sampling program. Additional geophysical and soil sampling studies were completed across the ‘La Provedora’ prospect located 1.5 km further to the east.
Board of Directors and Senior Management
In connection with the Qualifying Transaction, certain members of the board of directors have resigned from the Company. The board of directors and management is now comprised of:
Douglas Fulcher (President, Corporate Secretary and Director)
Alain Charest (Chief Executive Officer, VP Exploration and Director)
Kevin Milledge (Director)
Pablo Mendez (Director)
Xiao Qin (Mary) Ma (Director)
Jonathan Younie (Chief Financial Officer)
Full details of the Qualifying Transaction and related matters are set out in the filing statement of the Company dated May 11, 2023 (the “Filing Statement”). A copy of the Filing Statement can be found on the Company’s SEDAR+ profile at www.sedarplus.ca.
The registered and head office of the Resulting Issuer will be located at #615 – 800 West Pender Street, Vancouver, BC, V6C 2V6.
On behalf of the Board of Directors,
Doug Fulcher
President, Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements Caution Regarding Forward Looking Statements:
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute “forward-looking statements”. Such forward-looking statements include, without limitation, statements regarding copper, gold and silver forecasts, the financial strength of the Company, estimates regarding timing of future development and production and statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions may include, without limitation, the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are
expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable security law.
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Minera Alamos Signs Definitive Documentation for Cerro De Oro Construction Financing Package of up to US$25 million and Completes Initial Drawdown
https://www.newsfilecorp.com/release/185571
Toronto, Ontario--(Newsfile Corp. - October 30, 2023) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce that it has executed the definitive documentation (the "Cerro de Oro Financing Documents") for the previously announced Cerro de Oro funding package associated with the planned construction of the Cerro de Oro gold mine that is currently anticipated to begin next year.
The Company entered into the Cerro de Oro Financing Documents with Auramet International Inc. ("Auramet") and Auramet Capital Partners LP ("Auramet Capital") which is comprised of a loan facility for up to US$15 million and a US$10 million royalty (see news release dated May 31, 2023, for a more detailed summary of the terms). Upon execution of the Cerro de Oro Financing Documents, the Company also completed a drawdown of an initial US$5 million under the loan facility (the "Interim Amount") to advance certain pre-construction work related to the Cerro de Oro project.
"We are delighted to have executed these financing documents with Auramet, which provides a fully funded and single source solution to the modest capital expenditure requirements of the planned gold mine at Cerro de Oro. Our team has had an excellent working relationship with Auramet in recent years in regard to gold sales from prior operations as well as our Santana gold mine. This has provided us great insight into how supportive a partner Auramet can be, and we are happy to have executed a funding facility which will allow us to grow the relationship with the Auramet team," stated Doug Ramshaw, President, Minera Alamos.
According to the funding facility, the Company may deliver a drawdown notice to Auramet for the remaining US$10 million under the loan facility (the "Remaining Amount") upon the satisfactory completion of certain conditions, including, among other things, (i) the final earn-in commitments of the Cerro de Oro project and property; and (ii) receipt of permits required for construction of the Cerro de Oro project.
In the event that the Company does not meet the above closing conditions or should it elect not to deliver a drawdown notice for the Remaining Amount by the earlier to occur of (i) October 27, 2024; and (ii) the date that is 31 days after all closing conditions have been satisfied, the outstanding balance of the Interim Amount (including all interest accrued thereon) shall mature and be payable in equal instalments over the subsequent 10 month period and all obligations of Auramet to advance any part of the Remaining Amount will immediately be canceled and terminated.
Closing and funding of the US$10 million under the royalty facility is conditional upon meeting the same conditions as are required to draw down on the remaining loan facility and is also conditional upon the actual drawdown of the remaining amount under the loan facility and to the extent this does not occur, any obligations under the royalty facility will also terminate.
About Auramet
Auramet International, Inc. ("Auramet") is one of the world's largest physical precious metals merchants. Auramet provides a full range of services to all participants in the precious metals supply chain.
Auramet is a private company established in 2004 by seasoned industry professionals who have assembled a global team of industry specialists with over 350 years combined industry experience. Their business consists of three main activities: physical metals trading, metals merchant banking (including direct lending) and project finance advisory services. The company has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector.
Auramet has provided term financing facilities in excess of $1 Billion. With Auramet's investment affiliate, Auramet Capital Partners, L.P., Auramet is growing its capital investment business in equity, royalties and streams in the precious metals and battery-related metals mining space. Auramet is proud to have been awarded a Gold Medal for its ESG commitment by EcoVadis, the most trusted provider of ESG ratings with a network of more than 90,000 rated companies.
For more information on Auramet, please visit www.auramet.com.
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 undergoing the operational start-up of its first gold mine that produced its first gold in October 2021. 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 its operational ramp up. 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.
Kingsmen Resources: Continued Positive Results from Summer Program on the Las Coloradas Project
https://www.newsfilecorp.com/release/185266
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2023) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to report initial results from its ongoing regional surface sampling program on the Las Coloradas project, located 30km from Hildago de Parral, Chihuahua, Mexico. Portions of the Solidad structure were mined by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico in the period 1944 to 1952. Kingsmen's current regional sampling program is focused on areas outside of the structure historically mined by ASARCO.
The Las Coloradas mineralization is located on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body. The felsic intrusives associated with the Soledad and Soledad II structures are likely linked to this body and the setting is favourable for porphyry, skarn and epithermal vein mineralization.
Regional prospecting and sampling to the west, north and northeast of the Solidad structures has identified elevated to anomalous silver values associated with a previously unrecognized approximately 2,500 meter long, NE-trending zone of structures (Figure 1). As well, a number of other sites with anomalous silver values were identified.
Pathfinder element concentrations occurring in variable combinations in the areas of interest include Au, As, Sb, Pb, Zn, Cu, Hg, Mo, Te and Tl. High pathfinder element concentrations are interpreted to reflect proximity to mineralizing fluid flow. The different combinations of pathfinder elements likely represent different stages or pulses of mineralization. Their distributions provide evidence for district-wide, structurally controlled mineralization.
Scott Emerson, President commented: "This data provides valuable information as we work on interpreting the controls on mineralization, and planning future drill programs. New and extensive areas of structures and showings have been identified. Importantly, the pathfinder elements are indicating potential for district-wide mineralization."
Field Update
Kingsmen's field crews are currently active on the project following up the very positive results from the summer field program. Additional results will be released once received and assessed. Kingsmen has a high level of optimism for additional discoveries in these previously unexplored areas.
Figure 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9640/185266_287d6d0e74549b72_003full.jpg
Laboratory
All samples were analyzed by ALS Global in Chihuahua, Mexico, an ISO/IEC 17025:2017 and ISO 9001:2015 certified laboratory. Eighty samples were analyzed by ICP-MS (51 elements). Over grade Ag, Au, Pb and Zn were assayed.
Qualified Person
Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.
About Kingsmen Resources
In line with Kingsmen's organic-growth strategy, the Company's focus is on exploration and development, and is currently focused on district-scale exploration for high -margin metallic mineral deposits in the prolific mining districts of Parral Mexico. In addition, the Company has a 1% NSR on the Los Ricos North project in Mexico operated by GoGold Resources Inc. The Company's leaders have extensive experience in the mining and financial sectors. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) and is headquartered in Vancouver, British Columbia.
On behalf of the Board, Signed: "Scott Emerson"
Scott Emerson,
President & CEO Phone:
6046859316
Email: se@kingsmenresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory approval, are forward-looking statements. Although Kingsmen believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Kingsmen can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Kingsmen's periodic filings with Canadian securities regulators, and assumptions made with regard to: Kingsmen's ability to make the required payments under the definitive agreements; and Kingsmen's ability to secure the necessary regulatory approvals. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Kingsmen's expectations include risks associated with the business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; non-completion of the acquisition of the Las Coloradas Project; risks related to exploration and potential development of the Las Coloradas Project; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingsmen's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedarplus.ca). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Kingsmen does not undertake any obligation to update forward looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements
Endeavour Silver Provides Q3 Construction Update on the Terronera Project; Construction Progress is Nearing 40%
https://ca.finance.yahoo.com/news/endeavour-silver-provides-q3-construction-105000361.html
Endeavour Silver Corporation
Thu, October 26, 2023 at 3:50 a.m. PDT·5 min read
EXK
-2.02%
VANCOUVER, British Columbia, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)
Discovery Reports Optimized Results from its Feasibility Study Metallurgical Test Program
https://ca.finance.yahoo.com/news/discovery-reports-optimized-results-feasibility-100000285.html
Discovery Silver Corp.
Thu, October 26, 2023 at 3:00 a.m. PDT·10 min read
DSVSF
-0.5996%
TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF)
Asia Broadband Completes Mineral Analysis Lab Installation and Begins Targeted Ore Stockpile Testing Campaign
https://ca.finance.yahoo.com/news/asia-broadband-completes-mineral-analysis-120000429.html
Asia Broadband Inc.
Wed, October 25, 2023 at 5:00 a.m. PDT·4 min read
AABB
-2.1739%
OTCM
0.00%
LAS VEGAS, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has completed the installation of its mineral analysis laboratory and has begun a targeted ore stockpile testing campaign on the new processing facility site in Etzatlan, Mexico. The testing campaign is utilizing recently gathered data and the stockpile evaluation technical report to extrapolate the highest mineral concentration targets for evaluation and confirmation for prioritized processing. The on-site analysis lab is an efficiency tool that expedites the production target identification process with rapid test results and extensive testing capacity. The lab and testing program accelerates the processing facility operations with reduced costs and maximized plant revenues.
To download the Las Jimenez Stockpile Mineral Evaluation Report, go to:
https://asiabroadbandinc.com/la-paz-etzatlan/
AABB’s new plant is designed to utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. Additionally, the new facility will be built with expanded processing capability that will be implemented after the initial production levels have been established.
In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico. The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point. An evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value. The stockpile processing project is the largest high-yield asset addition for the Company to date in its strategic expansion initiative to acquire gold production and increase AABB’s physical gold holdings.
The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. However, the Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.
“Our technical team has been gathering additional stockpile data to combine with the data used in the stockpile evaluation report and is creating prioritized target zones for production. With our own mineral testing lab on the facility site, we can now identify the highest mineral concentration priority targets in a very short period of time instead of having to rely on outside mineral analysis services. The lab gives us a significant efficiency and quality advantage with our processing to achieve the greatest value throughput to maximize revenues,” explained Chris Torres, AABB President and CEO.
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 AABB Wallet, the unique Golden Baboons Mining Club non-fungible token collection, a proprietary digital exchange AABBExchange and a cryptocurrency payment gateway solution PayAABB.com. 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:
Exchange Support:
Token Support:
Company Websites:
Phone:
ir@asiabroadbandinc.com
https://aabbexchange.com/faq/
https://aabbgoldtoken.com/faq/aabb-wallet/
www.AABBGoldToken.com/support/
www.asiabroadbandinc.com
www.AABBExchange.com
www.AABBGoldToken.com
www.PayAABB.com
www.goldenbaboons.com
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.
Endeavour Silver Continues to Intersect High Grade Polymetallic Mineralization in the San Patricio Vein System on the Parral Property
https://ca.finance.yahoo.com/news/endeavour-silver-continues-intersect-high-105000251.html
Endeavour Silver Corporation
Wed, October 25, 2023 at 3:50 a.m. PDT·6 min read
EXK
-1.7021%
VANCOUVER, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK)
Gatos Silver Continues to Intercept High Grade Mineralization at Cerro Los Gatos
https://ca.finance.yahoo.com/news/gatos-silver-continues-intercept-high-200500634.html
Gatos Silver, Inc.
Mon, October 23, 2023 at 1:05 p.m. PDT
MAG Announces Third Quarter Production From Juanicipio
https://ca.finance.yahoo.com/news/mag-announces-third-quarter-production-105000412.html
MAG Silver Corp.
Wed, October 25, 2023 at 3:50 a.m. PDT
MAG
-0.73%
FRES.L
+0.45%
VANCOUVER, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG)
VIZSLA SILVER DISCOVERS NEW HIGH-GRADE STRUCTURE LOCATED 250 METRES WEST OF THE COPALA RESOURCE
https://www.newswire.ca/news-releases/vizsla-silver-discovers-new-high-grade-structure-located-250-metres-west-of-the-copala-resource-817313132.html
Vizsla Silver Corp. 24 Oct, 2023, 08:00 ET
NYSE: VZLA TSX-V: VZLA
Oroco Announces $2.3 Billion Pre-tax NPV in a PEA for the Santo Tomas Project
https://ca.finance.yahoo.com/news/oroco-announces-2-3-billion-103000100.html
Oroco Resource Corp.
Tue, October 17, 2023 at 3:30 a.m. PDT
IMPACT Silver Announces Production Restart at the Recently Acquired Plomosas High-Grade Zinc Mine
https://www.newsfilecorp.com/release/184768
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to announce first production under the Company's ownership at the recently acquired high-grade Plomosas zinc deposit located in the State of Chihuahua in northern Mexico.
Following the acquisition of the Plomosas mine in April 2023 (see IMPACT news release dated April 3, 2023), the Company embarked on an extensive rehabilitation and upgrade program at the site, including inside the mine, at the mill and on all associated mobile equipment and infrastructure. As well, new technical and supervisory staff were added to restart production which had been halted since late 2022 under the previous owner.
Fred Davidson, President & CEO stated, "This is a tremendous milestone for our Company as we embark on our next phase of growth. When we bought the Plomosas mine earlier this year, we remained steadfast in our ability that we could bring the asset back into production on time and on budget. I would like to thank our exceptional technical team for a job well done. Our shareholders can now look forward to a diversified mix of high-grade zinc at Plomosas in addition to our legacy silver producing assets at the Royal Mines of Zacualpan, which are now in their 17th year of continuous production and revenue generation."
The Company has reached a significant milestone in shipping the first concentrate to the smelter after restarting production following an intensive effort initiated just five months ago. Mine planning and rehabilitation have been ongoing over the summer including replacing underground equipment and dewatering activities inside the mine. Scoop trams and underground trucks have been actively extracting material with volume increasing on a regular basis as initial processing levels have been achieved at the mill. Management will make modifications and adjustments as needed as it targets design processing capacity of approximately 200 tpd in H1/2024 with plans to then further expand production.
Images 1-2. - Mill Rehabilitation
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4729/184768_figure1.jpg
ABOUT IMPACT SILVER
IMPACT Silver Corp. is a successful intermediate mineral producer and explorer with three mining projects in Mexico.
Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details). Company engineers are reviewing Capire for a potential restart of operations. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $241 million.
Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer in northern Mexico with exceptional exploration upside potential where only 600m of the 6 km-long structure has been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Additional information about IMPACT and its operations can be found at www.impactsilver.com. X (Twitter) @IMPACT_Silver and LinkedIn https://www.linkedin.com/company/impactsilver
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct
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.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to restart of operations at Capire , and exploration and production potential of the Company's projects.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement except as required by law.
Tocvan Recon Sampling Returns New Surface Discovery at Pilar Gold - Silver Expansion
https://thenewswire.com/press-releases/1Av7Fgwx4-tocvan-recon-sampling-returns-new-surface-discovery-at-pilar-gold-silver-expansion.html
Samples Include 5.6 g/t Au and 106 g/t Ag, 4.5-kilometers from Pilar
Highlights
Sign up for Webinar, October 19th here: TOC Webinar
Rock Grab Sampling in Expansion Area Yields:
NEW Surface Discovery, 4.5-km from Pilar - 5.6 g/t Au and 106 g/t Ag
Samples Immediately North of Pilar Yield:
3.5 g/t Au and 645 g/t Ag
1.8 g/t Au and 177 g/t Ag
Historic sampling from dataset, 10 g/t Au
NEW Targets Will Be Quickly Advanced for Drilling
Calgary, Alberta - TheNewswire - October 19, 2023 - Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (OTC:TCVNF) (FSE:TV3)
Tocvan Completes Definitive Agreement to Acquire 100% Interest in Pilar Gold - Silver Expansion
https://thenewswire.com/press-releases/1knDFj364-tocvan-completes-definitive-agreement-to-acquire-100-interest-in-pilar-gold-silver-expansion.html
Incrases Pilar District Land Holdings Significantly by Adding 21.7 km2 of Prospective Ground
Highlights
Sign up for Webinar, Thursday October 19th here: TOC Webinar
Consolidated Area Totals 2,277.7 ha
District Has Never Been Consolidated for Systematic Gold-Silver Exploration
Provides Significant Increase to Land Position Available for Development Infrastructure
Increases Discovery and Resource Potential for a New Pilar Gold -Silver District
Calgary, Alberta - TheNewswire - October 18, 2023 - Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (OTC:TCVNF) (FSE:TV3), is pleased to announce it has completed and signed a Definitive Agreement with a private title owner for the 100% acquisition of 2,172.7 ha immediately adjacent and north of its Pilar Gold-Silver Project in Sonora, Mexico. The area includes highly prospective zones that have seen limited exploration to date, however recent placer mining suggests untested gold and silver potential (see figure 1). Tocvan’s technical personnel have already completed initial field reconnaissance to evaluate new target areas, results are pending.
“To finalize this agreement is a major milestone for the Company, completely changing our trajectory towards becoming a producer with significant resource potential.” Stated Brodie Sutherland, CEO. “To now be able to explore a much larger area primed for new discoveries and provide immediate expansion potential to Pilar itself gives our shareholders added upside. The acquisition also gives us ample space for future mine infrastructure as we continue to advance Pilar towards production. We look forward to quickly evaluating this new area to begin aggressive drill campaigns targeting expansion and discovery.”
Figure 1. Overview of Pilar Expansion Area. Large hydrothermal alteration cells, recent placer mining and similar geology to Pilar all indicate the area is highly prospective for Au-Ag and Cu mineralization. The area has never seen systematic Au-Ag exploration.
Click Image To View Full Size
Terms of the Agreement
Total cash payments of $4 million USD and 2.5 million common shares will be issued over the 5-year term of the agreement. A total minimum work commitment of $1 million USD is considered over the agreement. The title owner will retain a 2% NSR on the properties acquired. After the initial 5-year term the Company can elect to extend the agreement an additional 10 years by starting advanced royalty payments or purchase full title ownership through an additional cash payment of $500,000 USD.
Table 1. Summary of the Definitive Agreement Terms. All cash values are in USD. Common shares issued are subject to certain sale restrictions over the course of the agreement.
About the Pilar Property
The Pilar Gold-Silver property has recently 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. Three primary zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-T. The Main Zone and 4-T trends are open to the southeast and new parallel zones have been recently 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. To date, over 23,000 m of drilling has been completed.
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:
61.0m @ 0.8 g/t Au
16.5m @ 53.5 g/t Au and 53 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration 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 39.9 million shares outstanding and is earning 100% into two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project. Management feels both projects represent tremendous opportunity to create shareholder value.
Brodie A. Sutherland, P.Geo., 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.
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.
Cautionary Statement Regarding Forward Looking Statements
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
Telephone: 1 888 772 2452
Email: ir@tocvan.ca
Avino's Q3 2023 Production Results
https://www.accesswire.com/794410/avinos-q3-2023-production-results
Thursday, 19 October 2023 03:45
VANCOUVER, BC / ACCESSWIRE / October 19, 2023 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6)
Heliostar Reports 80.4% Gold Recovery from High Grade Panel at the Ana Paula Project, Mexico
Highlights:
80.4% average gold recovery from seven composites representative of the High Grade Panel
Gold recoveries range from 74.6 - 88.1% for these samples
Gravity testwork suggests greater than 31% of the gold may be gravity recoverable
Confirms the the Company's interpretation that recoveries from high-grade gold mineralization can utilize simpler, lower cost, conventional milling processes
Metallurgical process is based on a conventional 75 micron grind size and Carbon-in-Leach (CIL) flowsheet
https://www.newsfilecorp.com/release/182695
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1)
Endeavour Silver Continues to Intersect High-Grade Mineralization at the Guanacevi Mine including 3.43 g/t Gold and 1,265 g/t Silver for 1,540 g/t Silver Equivalents over 2.2 metres
https://ca.finance.yahoo.com/news/endeavour-silver-continues-intersect-high-105000372.html
Endeavour Silver Corporation
Wed, October 18, 2023 at 3:50 a.m. PDT·7 min read
EXK
-0.79%
VANCOUVER, British Columbia, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK)
Prismo Metals Intersects 10.2 g/t Gold over 6.6m at Los Pavitos Project
https://www.newsfilecorp.com/release/184298
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF)
GoGold Updates on Parral Zinc Circuit and Reports Parral Production
https://www.prnewswire.com/news-releases/gogold-updates-on-parral-zinc-circuit-and-reports-parral-production-301958671.html
GoGold Resources Inc. 17 Oct, 2023, 06:30 ET
Shares Outstanding: 326,488,511
Trading Symbols: TSX: GGD
OTCQX: GLGDF
Almaden Reports on Legal Developments in Mexico Regarding Ministry of Economy Efforts to Deny Twenty Year-Old Ixtaca Mineral Title Applications
https://ca.finance.yahoo.com/news/almaden-reports-legal-developments-mexico-113000954.html
Almaden Minerals Ltd.
Mon, October 16, 2023 at 4:30 a.m. PDT·6 min read
AAU
+2.59%
VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) is pleased to report on two recent court decisions, both relating to the submission (the “Submission”) issued by Mexico’s Ministry of the Economy (“Economia”) to the second district court in Puebla State (the “District Court”) in February 2023.
As reported on February 22, April 13, and September 14, 2023, Economia made the Submission to the District Court seeking to deny the two mineral title applications which were first made by Almaden in 2002 and 2008. The Submission claims that the applications contain technical faults, despite Economia’s previous statements to the contrary and its acceptance of the mineral title applications and grant of the mineral titles in 2003 and 2009. By alleging technical faults in the mineral title applications, Economia appears to be arbitrarily seeking to deny the grant of the mineral titles and avoid the indigenous consultation ordered by the February 2022 decision of Mexico’s Supreme Court (“SCJN”). Such consultation would be welcomed by both the Company and surrounding community members.
The two court decisions reported today are summarized below:
The Federal Appeals court (“TCC”) dismisses all of the appeals filed by the Parties, including those of the Company and supporting community members, and rules the Submission is compliant with the 2022 decision of the SCJN, since the SCJN decision did not formally prevent Economia from reviewing the technical aspects of the mineral title applications;
The TCC ruling also does not address the validity of the Submission and therefore safeguards the Company’s right to challenge the substance and legality of the Submission through the Mexican Federal Administrative Court (“TFJA”);
As follow-up to the press release of September 14, 2023, the TFJA has now granted a definitive injunction in relation to the Submission, which prevents Economia from releasing the mineral rights covered by Almaden’s mineral title applications to third parties while the trial continues, anticipated to last 18 months.
By way of background, the two mineral titles previously owned by Almaden which covered the Ixtaca project were the subject of a lawsuit against the Mexican government (President, Congress, Ministry of Economy, Directorate of Mines, Mining Registry Office) asserting that the Mexican mining law is unconstitutional. In April 2019, the District Court issued a decision that Mexico’s mining law is unconstitutional because it fails to include provisions requiring consultation of indigenous communities before granting mineral titles. This decision was appealed by Mexican authorities and the Company, as an affected third party, with the appeals being heard by the SCJN.
In early 2022, the SCJN ruled that the Mexican mineral title law is constitutional, but that Economia should have provided for a consultation procedure with relevant indigenous communities prior to issuing the mineral titles. The SCJN ordered Economia to declare Almaden’s mineral titles ineffective and to then conduct indigenous consultation prior to re-issuing them.
The SCJN decision provided guidance to Mexican authorities regarding the procedures required to be followed by those authorities in the follow-up to its decision and performance of indigenous consultation. The decision also clarified that unless there is a significant impact on the rights of an indigenous community caused by the granting of the mineral title, such as relocation or something similar, title issuance is not dependent upon the consent of any indigenous community. The District Court was responsible for ensuring that the SCJN decision was properly implemented.
As noted above, on February 22, 2023, Economia made the Submission to the District Court seeking to deny the two mineral title applications, and on April 13, 2023, Almaden reported that the District Court ruled that the Submission formally complied with the SCJN decision. However, the District Court ruling appeared to rely heavily on Economia’s Submission regarding the Company’s 2002 and 2008 title applications, and in its decision the District Court did not provide arguments to address the Company’s challenge of the Submission. Almaden and local community members filed separate appeals of this decision to the TCC. In parallel, Almaden initiated a case in the TFJA to contest the substance and legality of the Submission (see press release of September 14, 2023).
In the court decisions announced today, the TCC has denied all Parties’ appeals of the District Court decision and ruled that the Submission formally complies with the SCJN decision, since in the exercise of its jurisdictional freedom Economia could determine the inadmissibility of the mineral title applications as the SCJN decision did not limit Economia’s jurisdiction when reviewing technical aspects of the mineral title applications.
Also, the TCC confirmed that the subject matter of the appeal was limited to verifying Economia’s compliance with the SCJN decision, rather than analysing the substance or legality of the Submission itself. Almaden has been advised that as a consequence, the TCC safeguarded the Company’s rights to pursue a separate legal process to examine the substance and legality of the Submission. This TCC ruling is final.
In addition, the TFJA has now granted a definitive injunction to Almaden’s Mexican subsidiary, Minera Gorrion (“MG”), which prevents Economia from releasing the mineral rights covered by the Company’s mineral title applications while the administrative trial regarding the substance and legality of the Submission continues. Economia has five days from the time of its notification of this decision to appeal this ruling. Almaden has been advised that so long as the TFJA trial continues, its mineral title applications from 2002 and 2008 remain in place thus preserving the Company’s preferential rights to the mineral title. The TFJA process is expected to take approximately 18 months.
Duane Poliquin, Chair of Almaden, stated, “While we await a decision regarding the substance and legality of the Submission, the injunction will prevent the Government of Mexico from declaring “freedom of land” in the area covered by Almaden’s mineral title applications. However, we are acutely aware of the damage already caused to our stakeholders over the past several years by this ongoing arbitrary treatment and we are considering additional legal remedy to address the loss of rights in Mexico.”
About Almaden
Almaden Minerals Ltd. discovered the Ixtaca deposit in Puebla State, Mexico, in 2010. Almaden’s interest in the Ixtaca project is subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit hosts a proven and probable reserve containing 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading 0.59 g/t Au and 36.3 g/t Ag). A report titled “Ixtaca Gold-Silver Project, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Study”, which was prepared in accordance with NI 43-101, is available under the Company’s profile on SEDAR and on the Company’s website.
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 timing and nature of any future rulings of the TFSA.
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 consultation process with indigenous communities and judicial decisions thereon; stability and predictability in Mexico’s mineral tenure, mining, environmental and agrarian laws and regulations, as well as their application and judicial decisions thereon; continued respect for the rule of law in Mexico; prices for gold, silver and base metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds; capital, decommissioning and reclamation estimates; mineral reserve and resource estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; all necessary permits, licenses and regulatory approvals being received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; community support in the Ixtaca Project; and the ability to comply with environmental, health and safety laws. 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: Mexico’s consultation process with indigenous communities and potential litigation in respect thereof; political risk in Mexico; crime and violence in Mexico; corruption; environmental risks, including environmental matters under Mexican laws and regulations; impact of environmental impact assessment requirements on the Company’s planned exploration and development activities on the Ixtaca Project; certainty of mineral title and the outcome of litigation; community relations; governmental regulations and the ability to obtain necessary licences and permits; 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 which may increase costs of doing business and restrict operations; 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/
Kootenay Silver Drills 2,060 gpt Silver Over 1.0 meter within 599 gpt Silver Over 13.56 meters at Columba High Grade Silver Project
https://www.newswire.ca/news-releases/kootenay-silver-drills-2-060-gpt-silver-over-1-0-meter-within-599-gpt-silver-over-13-56-meters-at-columba-high-grade-silver-project-847650769.html
Kootenay Silver Inc. 17 Oct, 2023, 08:00 ET
VANCOUVER, BC, Oct. 17, 2023 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)
Aztec Selects Drill Contractor and Mobilizes Exploration Crews for RC Drill Program at Cervantes Gold-Copper Project, Sonora, Mexico
https://www.accesswire.com/793258/aztec-selects-drill-contractor-and-mobilizes-exploration-crews-for-rc-drill-program-at-cervantes-gold-copper-project-sonora-mexico
Monday, 16 October 2023 07:00
Aztec Selects Drill Contractor & Mobilizes Crews to Cervantes
Aztec Announces Participation in Upcoming Events & Conferences
VANCOUVER, BC / ACCESSWIRE / October 16, 2023 / Aztec Minerals Corp. (TSX-V:AZT)(OTCQB:AZZTF) announces it has selected a drilling contractor to conduct the upcoming reverse circulation "RC" drilling program at its 100% owned Cervantes porphyry gold-copper project in Sonora, Mexico. Drilling is expected to commence over the coming weeks and crews have mobilized to the project to prepare for the upcoming program. The drill program is designed based on the results of the company's 2022 drilling campaigns and recently completed surface exploration program, as described in the June 22, 2023 news release.
The initial stage of the planned RC drill program is expected to be conducted over the fourth quarter. The planned drill targets have utilized information gathered during the surface roadcut sampling and detailed 1:200 scale geologic mapping program conducted in the first half of 2023. The surface program has enhanced the interpretation for exploration targets to potentially expand the gold mineralization at the primary California target zone of the property. Drilling is expected to be conducted in two stages and has been permitted for a total of 28 drillholes and 4200 m, commencing with a first stage in late 2023. The second stage of the drilling program will be designed subject to the results of the initial stage of RC drilling.
The primary objectives of the upcoming drilling programs are to continue to define the open pit, heap leach gold potential of the porphyry oxide cap at California, test the down dip extensions of the silicic-phyllic alteration in the Qfp intrusive for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, and test for extensions of the California North target.
Aztec will be participating in the following upcoming events and conferences:
October 16th: Aztec Minerals Webinar with Red Cloud
Aztec will be presenting at 11am pdt on Monday, October 16th
Registration link: https://redcloudfs.com/events/aztec-minerals-corp/
November 1-4: New Orleans Investment Conference, New Orleans LA
Booth number 216; Luncheon Presentation on November 2, 12:35PM cdt
Conference information & registration: https://neworleansconference.com/
November 13-15: Precious Metals Summit, Zurich CH
Conference information: https://precioussummit.com/event/2023-precious-metals-summit-zurich/
Cervantes Project Overview
Cervantes is a highly prospective porphyry gold-copper project located in southeastern Sonora state, Mexico. The project lies 160 km east of Hermosillo, Sonora, Mexico within the prolific Laramide porphyry copper belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo Mexico). Cervantes also lies along an east-west trending gold belt 60 km west of the Mulatos epithermal gold mine (Alamos Gold), 35 km northeast of the Osisko San Antonio gold mine, 45 km west of the La India mine (Agnico Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). View: Cervantes Project Location Map
Cervantes Project Highlights
Large well-located property (3,649 hectares) with good infrastructure, road access, local town, all private land, water wells on property, grid power nearby
Nine prospective mineralized zones related to high level porphyries and breccias along a 7.0km east-northeast corridor with multiple intersecting northwest structures
Distinct geophysical anomalies, California target marked by high magnetic and low resistivity anomalies, high radiometric and chargeability anomalies responding to pervasive alteration
Extensive gold mineralization at California zone, 118 soil samples average 0.44 gpt gold over 900 m by 600 m area, trench rock-channel samples up to 0.47 gpt gold over 222 m
Extensive drilling at the California zone, intersecting gold oxide cap to a classic gold-copper porphyry system, drill results up to 1.49 gpt gold over 137 m and 1.00 gpt gold over 165m
Excellent gold recoveries from preliminary metallurgical tests on drill core from California zone; oxide gold recoveries in bottle roll tests range from 75% to 87%
Three-Dimensional IP Survey conducted in 2019, IP chargeability strengthens and broadens to >500m depth over an area 1100 m by 1200 m and extends strong chargeability anomalies to the southwest covering Estrella, Purisima East, and Purisima West, coinciding well with alteration and Au-Cu-Mo soil geochemical anomalies
California Target
Aztec has now completed over 10,500 meters of drilling over 54 drill holes at the Cervantes Project, primarily at the California target. In 2017-18, Aztec completed a Phase 1, 17 diamond core hole drill program, totaling 2,675 meters (m). The initial phase of drilling tested the California target 900m by 600m gold-in-soils anomaly that averaged 0.44gpt covering hydrothermal breccias within a Quartz feldspar porphyry stock intruding older siliciclastic sediments.
During the 2021 - 2022 exploration program, Aztec completed a further combined 7,837 m of drilling over 37 drill holes comprised of a 26-hole 5,248.6 m track-mounted reverse circulation drill program and an 11-hole 2,588 m man-portable oriented core program.
Every 2021-2022 drill hole, except one, of the 29 drill holes successfully completed out of 31 attempted drill holes at the California and the adjoining California Norte targets intersected near surface, oxidized gold mineralization with minor copper values. The drilling program expanded the footprint and the depth of the California target mineralization and alteration associated with the California porphyry intrusive complex with continued intercepts of broad gold mineralization.
The identified California target area drilled has been enlarged to approximately 900 meters long E - W by 730 meters wide N-S, and exploration drilling successfully expanded the primary California zone to an area now measuring approximately 900 meters long E-W by 250 to 500 meters wide N-S, with demonstrated, continuous mineralization of up to 170 meters depth. The porphyry gold-copper mineralization is still open in all directions with anomalous mineralization and alteration up to 265 meters depth vertically. The California and California Norte targets appear to be merging from drilling and surface exposures. Aztec's drilling to-date has consistently intersected an oxidized gold cap to a porphyry-type gold-copper-silver system at California, including multiple 100+ meter widths of exceeding 0.40 gpt gold.
Highlights of the Aztec's 2017 - 2022 drill programs are as follows (see news releases dated June 26, 2018 and January 10, 2023):
137m @ihub_tutorial
165m @Not available for adoption
152m @hallsboy
94m @
100m @ROB
160m @ 0.77 gpT gold incl 80m @ 1.04 gpT gold, 0.11% copper in 18CER010
139m @ 0.71 gpT gold incl 20m @ 2.10 gpT gold, 0.16% copper in 17CER005
118m @ 0.63 gpT gold incl 43m @ 1.18 gpT gold, 0.16% copper in 17CER003
122m @ 0.60 gpT gold incl 62m @ 0.88 gpT gold, 0.06% copper in 18CER007
170m @ 0.42 gpT gold incl 32m @ 0.87 gpT gold, 0.06% copper in 18CER006
Preliminary metallurgical tests on California drill cores were conducted in 2019 (see news release dated March 12, 2019). Drill core samples were grouped into 4 separate types of mineralization: Oxide 1, Oxide 2, Mixed Oxide/Sulfide and Sulfide. The preliminary results of bottle roll tests showed excellent potential for heap leach gold recovery, as follows:
85.1% recovery on 2.0mm material and 94.3% on 75-micron material in sample Oxide 1
87.7% recovery on 2.0mm material and 94.2% on 75-micron material in sample Oxide 2
77.9% recovery on 2.0mm material and 89.0% on 75-micron material in sample Mixed Oxide/Sulphide
51.2% recovery on 2.0mm material and 78.7% on 75-micron material in sample Sulphide
Additional Targets
Purisima East - outcropping gossans, altered and mineralized diatreme breccias and porphyry intrusions marked by a 700m by 600m geochemical soil anomaly in 193 samples that average 0.25 gpt gold, a small historic ‘glory hole' mine where rock chip sampling returned high-grade mineralization up to 44.6 gpt gold.
Estrella - outcrops of gossan and sulfides in silicified Paleozoic sediments near quartz porphyry dikes with rock chip samples up to 3.9 gpt gold and 2,010ppm copper.
Purisima West - a mirror image of Purisima East in size and type of gossans, altered and mineralized breccias and intrusions in association with gold and copper soil anomalies.
Jasper - 2017 trenching returned skarn/replacement-type mineralization up to 0.52% copper and 0.62 gpt gold over a 92.4 m length. In 2022 RC drilling found a broad zone of copper - gold mineralization in JAS22-001.
California North - coincident IP chargeability and gold-copper-molybdenum soil geochemical anomalies with demonstrated gold - copper mineralization by RC drilling, it may be a north extension of the California target
Other targets - porphyry alteration and geochemical soil anomalies mark the Jacobo and Brasil prospects but more work is required to expand and define these targets
Allen David Heyl, B.Sc., CPG., VP Exploration of Aztec, is the Qualified Person under NI43-101, supervised the Cervantes exploration program. Mr. Heyl has reviewed and approved the technical disclosures in this news release.
"Simon Dyakowski"
Simon Dyakowski, Chief Executive Officer
Aztec Minerals Corp.
About Aztec Minerals - Aztec is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico. The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential in southern Arizona. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).
Contact Information - For more information, please contact:
Simon Dyakowski, President & CEO, Director
Tel: (604) 619-7469
Fax: (604) 685-9744
Email: simon@aztecminerals.com
Website: www.aztecminerals.com
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements:
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
SOURCE: Aztec Minerals Corp.
Newmont Announces End of Strike at Peñasquito Mine in Mexico
https://ca.finance.yahoo.com/news/newmont-announces-end-strike-pe-103000701.html
Business Wire
Mon, October 16, 2023 at 3:30 a.m. PDT·5 min read
NEM
+2.18%
Newmont focuses on a safe return-to-work plan and a quick ramp up of operations while strengthening workforce relationships
DENVER, October 16, 2023--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT) announces it has reached a definitive agreement ("Agreement") with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic (the "Union") to end the strike initiated by the Union on June 7, 2023, at the Company’s Peñasquito mine located in the Mexican state of Zacatecas. On October 13, 2023, Newmont and the Union submitted the Agreement to the Mexican Labor Court, which gave its approval, thus ending the strike.
The strike was initiated by the Union demanding the Company pay additional profit sharing, equivalent to double the amount agreed upon one year ago, along with other alleged violations of the Collective Bargaining Agreement.
"This unnecessary strike has caused significant hardship for all of our employees, contractors, host communities, suppliers and customers," said Tom Palmer, Newmont’s President and Chief Executive Officer. "We will continue to honor our commitments, comply with the law and the Collective Bargaining Agreement, and work to protect the long-term value of Peñasquito."
Key terms of the Agreement include:
Newmont will not pay any additional incremental profit sharing for 2022. This was the basis for the strike, and the profit sharing paid by the Company this year fully complied with Mexican law and the Collective Bargaining Agreement.
If, as a consequence of the strike, the Peñasquito mine reports no profit in 2023, then Newmont agrees to pay an additional bonus in Q2 next year, equivalent to two months’ wages as the Company recognizes the hardship employees have experienced given the duration of the strike.
Newmont will pay employees a fixed amount, roughly equivalent to 60% of wages lost, since the strike began on June 7, 2023. This payment is intended to mitigate the financial impact that the strike, initiated by the Union, has had on the Company’s workforce.
In addition, as part of the separate, annual wage negotiations under the Collective Bargaining Agreement, Newmont and the Union have agreed to an 8% wage increase, in line with Mexican mining industry wage increases for 2023. These wage negotiations were not part of the Union’s claims as grounds for taking the strike action.
Newmont’s priority is to safely return the workforce to this Tier 1 operation while ensuring an orderly ramp-up in production. It is expected to take several weeks to achieve stable production levels and a status update will be provided during the Company’s Q3 earnings call on October 26, 2023.
In 2022, Peñasquito contributed US$1.9 billion in economic value to Mexico, including US$643 million in employee wages and benefits, taxes, and royalty payments to federal, state, and local governments, and investments in community infrastructure and water projects. Minera Peñasquito is the second largest employer in Zacatecas, Mexico with a workforce of more than 5,000 individuals. The mine supports another 28,000 people and their families, in neighboring communities and across the country, who are part of the mine’s local and national supply chain.
About Newmont
Newmont is the world’s leading gold company and a producer of copper, silver, zinc, and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia, and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.
At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, go to www.newmont.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements may include, without limitation, expectations regarding return-to-work plans and next steps, timing of restart and ramp-up of operating activities, future production levels, future costs, including wages and other expenses, ability to achieve operating and financial targets and outlook, future union and labor relations and other forward-looking expectations related to Peñasquito. Expectations of future events are based upon certain assumptions, which may prove to be incorrect, and remain subject to risks, which could cause actual results to differ materially. For a discussion of risks and other factors that might impact future looking statements, see the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, filed with the U.S. Securities and Exchange Commission (the "SEC"), under the headings "Forward-Looking Statements" and "Risk Factors," including under Part II – Item 1A under the heading "Our Peñasquito operation in Mexico is subject to social, political, regulatory, and economic risks," which is available on the SEC website or www.newmont.com, and other recent SEC filings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231016543931/en/
Contacts
Media Contact
Omar Jabara
720.212.9651
omar.jabara@newmont.com
Investor Contact
Daniel Horton
303.837.5468
daniel.horton@newmont.com
Torex Gold Reports Q3 2023 Production Results
https://ca.finance.yahoo.com/news/torex-gold-reports-q3-2023-220000425.html
Torex Gold Resources Inc.
Wed, October 11, 2023 at 3:00 p.m. PDT
On track to deliver on full year guidance with Q4 expected to be the strongest quarter of the year
TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG)
Endeavour Silver Reports Q3 2023 Production Results; In-Line with Annual Guidance
https://ca.finance.yahoo.com/news/endeavour-silver-reports-q3-2023-105000111.html
Endeavour Silver Corporation
Wed, October 11, 2023 at 3:50 a.m. PDT·7 min read
EXK
-5.58%
INGA.AS
-0.86%
VANCOUVER, British Columbia, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)
First Majestic Produces 6.3 Million AgEq Oz in Q3 2023 Consisting of 2.5 Million Silver Ounces and 46,720 Gold Ounces
https://www.newsfilecorp.com/release/183704
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2023) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV)
Newmont to Restart Mexico Mine as Vote Ends Four-Month Strike
https://ca.finance.yahoo.com/news/newmont-mexico-miners-end-4-014815913.html
James Attwood
Fri, October 6, 2023 at 4:53 a.m. PDT·1 min read
NEM
-1.36%
(Bloomberg) -- Workers at Mexico’s biggest gold mine accepted operator Newmont Corp.’s proposal to end a four-month stoppage late Thursday.
As part of the deal, workers at the Penasquito mine will get an 8% pay rise, retroactive to Aug. 1, the union said in a statement. Each of the about 2,000 unionized workers will also receive a share of a total 152 million pesos ($8.3 million).
Miners voted Thursday afternoon after downing tools in early June in a dispute over profit-sharing and alleged contract breaches. Profit sharing for last year will be decided by Mexico’s tax agency, while workers will get 10% of 2023 earnings as long as the company sees a net income gain, according to the statement.
The vote came on the heels of negotiations between the two sides and with Mexican labor authorities, an assistant to Senator Napoleon Gomez Urrutia, who leads the union, said via text message earlier Thursday.
The deal still needs the formal sign-off from a labor tribunal. “We hope this process concludes in the coming days, putting an end to the strike and allowing Penasquito to recommence activities,” Newmont said in a statement.
Read More: Newmont ‘Reviewing’ Mexico Investments as Worker Strike Drags On
Penasquito, in Zacatecas state in the center-north region of Mexico, is a major supplier of gold, silver, zinc and lead. The strike marks the third labor dispute since Newmont bought Penasquito as part of its takeover of Goldcorp Inc. in 2019.
Newmont Chief Executive Officer Tom Palmer visited Mexico in August to push for a resolution of the stoppage.
Kootenay Silver Announces updated Promontorio/Maiden La Negra Resource Estimate and Intention of Share Consolidation
https://www.newswire.ca/news-releases/kootenay-silver-announces-updated-promontorio-maiden-la-negra-resource-estimate-and-intention-of-share-consolidation-813815979.html
Kootenay Silver Inc. 12 Oct, 2023, 08:00 ET
VANCOUVER, BC, Oct. 12, 2023 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)
Pan American Silver Provides an Update on the Restart of Operations at the La Colorada Mine
https://ca.finance.yahoo.com/news/pan-american-silver-provides-restart-212000861.html
Business Wire
Wed, October 11, 2023 at 2:20 p.m. PDT·5 min read
PAAS.TO
-3.11%
PAAS
-3.63%
PAASF
-3.8462%
VANCOUVER, British Columbia, October 11, 2023--(BUSINESS WIRE)--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") today announced that it will commence restarting operations at its La Colorada mine in Mexico on October 16, 2023, following a shift change and the transition from care and maintenance activities. On October 5, 2023, Pan American announced the temporary suspension of operating activities due to security concerns at the mine site and the surrounding area following an armed robbery of two trailers of concentrate from the operation. There were no physical injuries to our personnel in connection with that incident.
Pan American acknowledges and appreciates the rapid response and efforts of the Zacatecas state government and federal authorities in Mexico to improve security in the vicinity of the La Colorada mine and to provide an environment that allows for mine operations to resume. The Mexican authorities have taken steps to facilitate the safe transit to and from the mine site for all the employees, contractors and people from the nearby communities. Pan American and the Mexican authorities will maintain direct communications during the period leading up to the resumption of operations.
Pan American does not expect the temporary suspension of La Colorada to have a material impact to its annual consolidated production and cost guidance for 2023, nor to the targeted timing of late 2023 for the release of the La Colorada Skarn preliminary economic assessment.
About Pan American Silver
Pan American Silver is a leading producer of precious metals in the Americas, operating silver and gold mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil. We also own the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for nearly three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "PAAS".
Learn more at panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and Information
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 ongoing safety and security of the La Colorada mine site and surrounding area, including transit to and from the mine site, and whether such safety and/or security will improve; the estimated date for restart of operations at the La Colorada mine site; the impact of the theft and the resulting suspension on the business of Pan American, both operationally and financially, including the expectations with respect to any impact on consolidated production and costs; the estimated timing for the release of the La Colorada Skarn preliminary economic assessment and the ability of Pan American to maintain the safety and security of the La Colorada mine site and whether any other such incidents may occur in the future.
These forward-looking statements and information reflect Pan American’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Pan American, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the ability of Pan American to continue to work with state and federal authorities in Mexico in connection with the incident; tonnage of ore to be mined and processed; future anticipated prices for gold, silver and other metals and assumed foreign exchange rates; the timing and impact of planned capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; ore grades and recoveries; capital, decommissioning and reclamation estimates; our mineral reserve and mineral resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); and whether Pan American is able to maintain a strong financial condition and have sufficient capital, or have access to capital through our corporate sustainability-linked credit facility or otherwise, to sustain our business and operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
Pan American 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 and Pan American has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: those factors identified under the caption "Risks Related to Pan American's Business" in Pan American's most recent form 40-F and Annual Information Form filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities, respectively; and those factors identified under the caption "Risks of the Business" in Yamana's most recent form 40-F and Annual Information Form filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities, respectively. Although Pan American has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management's current views of our near- and longer term prospects and may not be appropriate for other purposes. Pan American does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231011839510/en/
Contacts
For more information:
Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: ir@panamericansilver.com
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#msg-15860981 AAU American Gold Capital Corp #msg-19586830 AGI Alamos Gold http://www.alamosgold.com/s/Home.asp #msg-12563691 AGQ Arian Silver Corp http://www.ariansilver.com/s/home.asp #msg-15905054 AMM Almaden http://www.almadenminerals.com/ #msg- AQI Aquiline Resources http://www.aquilineresources.com/ #msg-15058851 ASM Avino Silver & Gold http://www.avino.com/ #msg-12596747 AUN Aurcana http://www.aurcana.com/ #msg-13080008 AUX Auramex http://www.auramex.com/ #msg-19586554 AZG http://www.azteca-au.com/ #msg-19595950 BAJ Baja Mining http://www.bajamining.com/ #msg-12567281 BGL Bandera Gold Ltd. http://www.banderagold.com/ #msg- CDB Cloudbreak #msg- CDU Cardero http://www.cardero.com/ #msg-16259084 CBI Colibri Resources #msg-18029391 CCM Canarc #msg- CGE Corex Gold http://www.corexgold.com/ #msg-12442548 CKG Chesapeake Gold http://www.chesapeakegold.com/ #msg-15904953 CLZ Canasil Resources http://www.canasil.com/ #msg- CMA Cream Minerals http://www.creamminerals.com/ #msg- CMF Comaplex Minerals http://www.comaplex.com/ #msg-15030090 CNU Continuum Resources http://www.continuumresources.com/ #msg-15861334 COL Columbia Metals http://www.columbiametals.ca/s/Home.asp #msg-12596784 CPQ Canplats Resources http://www.canplats.com/s/Home.asp #msg-13823349 CS Capstone Gold http://www.capstonegold.com/ #msg-15904973 CZS Consolidated Spire http://www.spireventures.com/ #msg- CGC Capital Gold http://www.capitalgoldcorp.com/ #msg-15058837 DIB Dia Bras Exploration http://www.diabras.com/ #msg- ECU ECU Silver Mining http://www.ecu.qc.ca/ #msg- EDR Endeavour Gold Corp http://www.edrgold.com/s/Home.asp #msg-15926094 EPZ Esperanza Silver http://www.esperanzasilver.com #msg- EXN Excellon Resources http://www.excellonresources.com/ #msg-15425096 EXM Exmin Resources http://www.exmin.com/ #msg- FAN Farallon Resources http://www.hdgold.com/hdi/Home.asp #msg- FR First Majestic http://www.firstmajestic.com/s/Home.asp #msg- FRG Fronteer http://www.fronteergroup.com/s/Home.asp #msg- FRS First Star Resources http://www.firststarresources.com/ #msg- FSR First Silver Reserve http://www.firstsilver.com/ #msg-12442611 FUR Fury Explorations http://www.furyexplorations.com/ #msg- GAM Gammon Lake http://www.gammonlake.com #msg-15926108 GGC Genco Resources http://www.gencoresources.com/ #msg-12935422 GGI Garibaldi http://www.garibaldiresources.com/ #msg- GID Grid Capital http://www.gridcapitalcorp.com/index.html #msg-19324996 Geologix #msg- GNG Golden Goliath http://www.goldengoliath.com #msg- GPR Great Panther http://www.greatpanther.com/s/Home.asp #msg-14578108 GR Grandcru Resources http://www.grandcruresources.com/s/Home.asp #msg- GXL GEOINFORMATICS EXPLORATION http://www.geoinformex.com/ #msg-14578072 GYD Grayd Resources http://www.grayd.com/s/Home.asp #msg-12596810 HEL Hellix Ventures http://www.hellixventures.com/ #msg- HKO Hawkeye Gold http://www.hawkeyegold.com/ #msg- HPM Hilton Resources http://www.hiltonresourcesltd.com/0000pg.asp/ID/1637/SID/36 #msg-15905154 HSX 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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