Mexican Mining

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Guanajuato Silver Reports Increased Q4 2023 Production

https://www.accesswire.com/823020/guanajuato-silver-reports-increased-q4-2023-production

Tuesday, 09 January 2024 06:58

~Silver-Equivalent Production Up 8% from Previous Quarter~

VANCOUVER, BC / ACCESSWIRE / January 9, 2024 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF

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Sonoran Desert Copper Completes Sampling Program at Cuatro Hermanos Assays up to 16.25 Percent Copper

January 11, 2024 8:00 AM EST | Source: Sonoran Desert Copper Corporation

News Release Highlights:

The Company has completed a comprehensive sampling program at the Cuatro Hermanos Porphyry Copper Project, highlighted with assays returning up to 16.25% Copper.
82 rock samples were collected across the 4H Project focused on areas that have received minimal historical attention.
20 samples in the south conglomerate zone averaged Cu grades of 1.736%

https://www.newsfilecorp.com/release/193845

Vancouver, British Columbia--(Newsfile Corp. - January 11, 2024) - Sonoran Desert Copper Corporation (TSXV: SDCU)

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Prime Intercepts High Grades at Las Primas and Record High Grades at Guadalupe East

https://ca.finance.yahoo.com/news/prime-intercepts-high-grades-las-110000351.html

Prime Mining Corp.
Wed, January 10, 2024 at 3:00 a.m. PST·17 min read

PRMNF
+9.6908%

Mineralization at Las Primas shows strong similarities to Guadalupe East

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Tocvan Provides 2023 Year in Review and 2024 Outlook

https://www.accesswire.com/822741/tocvan-provides-2023-year-in-review-and-2024-outlook

Monday, 08 January 2024 09:00

VANCOUVER, BC / ACCESSWIRE / January 8, 2024 / 2023 Highlights

Drilling Discovery at Picacho in first 1,000-meters returned, 44.2-meters of 0.6 g/t Gold
Successful Bulk Sample with Head Grade of 1.9 g/t Gold and 7 g/t Silver
First Doré Pour from Bulk Sample Material (Second Pour pending)
Consolidation of Pilar Project Area Covering Over 22 square-kilometers
New Surface Discovery 4.5-kilometers from Pilar, 2m chip at 5.6 g/t Gold and 106 g/t Silver
Trench Channel Sample Results at Pilar highlighted by 20.0-meters of 1.9 g/t Gold and 9 g/t Silver
Tocvan Ventures Overview

CALGARY, AB / ACCESSWIRE / January 8, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to provide an annual summary of 2023 and plans for an active 2024. 2023 was another standout year for the Company completing major milestones at its fully road accessible Pilar and Picacho gold-silver projects in Sonora, Mexico.

"2023 was another successful year for de-risking both of our gold-silver assets and advancing Pilar towards mine development." commented Brodie Sutherland, CEO. "The year started off with a new discovery at Picacho, identifying at surface gold and silver mineralization. Metallurgical work at Pilar showcased the high recovery potential and the bulk sample successfully recovered gold and silver at scale. More work is scheduled in 2024 to continue to advance our understanding of the recovery potential. For the first time we were able to consolidate a significant land package around Pilar for gold and silver exploration. The surrounding area is highly prospective which we were able to quickly prove by sampling significant mineralization 4.5-kilometers from Pilar and by simply outlining the areas that have recently undergone significant placer mine development. We have no doubt numerous targets will be uncovered across this expansive area adding significantly to the resource potential of Pilar. Channel sampling at Pilar returned yet again promising results with grades nearly identical to our bulk sample, putting a strong emphasis towards our next objective to drill and target a maiden resource for Pilar later in 2024. With all of these strong indicators our application for mine development will be submitted this year to begin our transition towards a production orientated company."

2023 Discoveries and Notable Highlights

Advancement in 2023 continued with the Company's maiden drill program at Picacho discovering at surface gold and silver mineralization at the San Ramon prospect. Drilling returned 44.2-meters of 0.6 g/t Au, including 12.2-meters of 2.0 g/t Au and 7 g/t Ag. 200-meters to the north a hole intersected 27.5-meters of 0.5 g/t Au, including 12.2-meters of 1.1 g/t Au. The San Ramon prospect remains open for drill targeting in all directions. At Pilar, a bulk sample was extracted and shipped (1,400 tonnes) to a nearby processing mill for crushing and stacking for heap leach. Heap leaching was conducted over a 46-day period returning a head grade of 1.9 g/t Au and 7 g/t Ag with an initial recovery of 62% for gold. Agitated bottle roll test of the bulk sample material returned 80% recovery of gold and 94% recovery of silver after a rapid 24-hour retention time. Additional surface and core composites from across Pilar returned 95 to 99% recovery of gold and between 73 to 97% recovery of silver through combined gravity and agitated leach processing. An initial doré bar was later poured from the bulk sample material totalling 1.487 kilograms, containing 18% gold and 69% silver. A second gold-rich doré bar is scheduled to be poured this month. Channel sampling of newly opened trenches at Pilar returned similar values to the bulk sample highlighted by 20-meters of 1.9 g/t Au and 9 g/t Ag. A property wide LiDAR survey that will be used for the base map for mine design at Pilar is near completion. Additional reconnaissance sampling across Pilar and Picacho projects are ongoing to advance target areas, results for initial samples are pending.

2024 Key Objectives:

Resource Infill and Expansion Drilling
Maiden Resource Estimate Q4, 2024
Mine Planning and Design
Submit Applications for:
MIA (Manifestación de Impacto Ambiental) or Environmental Impact Statement
EJT (Estudio Técnico Justificativo) or Technical Justification Study
Continued Metallurgical Testing
1:5,000 scale Geological Mapping and Sampling of New Expansion Area
Trenching and Channel Sampling of New Targets
Geophysical Surveys, including magnetics
Discovery Drilling

2024 Outlook

Tocvan's primary objectives for 2024 are to de-risk the Pilar project further with maiden resource estimation and the submission of mine permitting applications. The ongoing LiDAR survey will be used as the base map for mine development design and planning, an integral part to the next phase of the permitting process. Hydrological and environmental studies are scheduled to complete the MIA. While the permits are in process the Company will evaluate the need and timing for a maiden PEA to assist in securing later mine construction financing.

Other objectives with the potential to yield high returns include the advancement of priority drill targets within the new expansion area at Pilar. With the new area around Pilar consolidated, current target areas are numerous and untested. Picacho remains a highly attractive project for drill targeting and Tocvan will continue to advance prospects there for future drill programs. Collectively across the two projects Tocvan controls over 45-square kilometers of prospective ground where the Company is targeting multi-million-ounce potential. Exploration work on both projects will remain ongoing with detailed geological mapping, surface channel and chip sampling and geophysics. In addition, continued metallurgical studies will advance the understanding to optimize future processing of material from Pilar.

Top Drill Results for 2023

Picacho Project (New Discovery at San Ramon target)

SRA-22-003: from 21.4-meters depth, 27.5-meters at 0.5 g/t Au
Including 12.2-meters of 1.1 g/t Au
SRA-22-008: from 21.4-meters depth, 16.8-meters of 0.5 g/t Au
Including 4.6-meters of 1.8 g/t Au
SRA-22-010 (100-meter step-out): from 41.2-metes depth, 44.2-meters of 0.6 g/t Au
Including 12.2-meters of 2.0 g/t Au

Top Surface Results for 2023

Pilar Expansion Area: 2.0-meter rock chip sample at 5.6 g/t Au and 106 g/t Ag

Pilar Main Zone Channel Sampling:

TR-2023-02: 20.0 m @ 1.9 g/t Au and 9 g/t Ag
TR-2023-03: 14.0 m @ 1.9 g/t Au and 9 g/t Ag
Including, 6.0 m @ 3.7 g/t Au and 17 g/t Ag

Top Metallurgical Results for 2023

Pilar Bulk Sample:

62% Recovery of Gold Achieved Over 46-day Leaching Period
Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
Bulk Sample Only Included Coarse Fraction of Material (+3/4" to +1/8")
Fine Fraction (-1/8") Indicates Rapid Recovery with Agitated Leach
Agitated Bottle Roll Test Returned Rapid and High Recovery Results: 80% Recovery of Gold and 94% Recovery of Silver after Rapid 24-hour Retention Time

Additional Studies

Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
95 to 99% Recovery of Gold
73 to 97% Recovery of Silver
Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth.

Pilar Option Agreement

Effective September 18, 2023, the Company earned 51% ownership of Pilar project with the right to purchase the remaining 49% as stated in the Property Option Agreement dated September 22, 2019. On December 19, 2023, the Company issued 525,000 common shares to Colibri Resources Corp. pursuant to the anti-dilution clause included in the Property Option Agreement. The shares are under a four-month vesting period before they become free trading. Unlike previous shares issued both parties agreed to sale restrictions including a 30-day notice before any sale.

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:
21.0m @ 38.3 g/t Au and 38 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
61.0m @ 0.8 g/t Au

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 42 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.

Quality Assurance / Quality Control

Channel samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.

Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

Cautionary Statement Regarding Forward Looking Statements

Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

For more information, please contact:

TOCVAN VENTURES CORP.

Brodie A. Sutherland, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
403-829-9877
[e-mail]

The Howard Group

Jeff Walker
VP Howard Group Inc.
403-221-0915
[e-mail]

SOURCE: Tocvan Ventures Corp

Topic:
Company Update

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Endeavour Silver Produces 5,672,703 Oz Silver and 37,858 Oz Gold (8.7 Million Silver Equivalent Oz) in 2023; Improved Fourth Quarter Production Delivers Annual Guidance

https://ca.finance.yahoo.com/news/endeavour-silver-produces-5-672-115000652.html

Endeavour Silver Corporation
Tue, January 9, 2024 at 3:50 a.m. PST·6 min read

EXK
+4.12%

VANCOUVER, British Columbia, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR

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IMPACT Silver Contracts Bell Internacional to Provide Tesla Battery Energy System with Solar at the Plomosas Mine

January 09, 2024 9:00 AM EST | Source: IMPACT Silver Corp.

https://www.newsfilecorp.com/release/193235

Vancouver, British Columbia--(Newsfile Corp. - January 9, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce that its Plomosas high-grade zinc mine, located in the State of Chihuahua in northern Mexico, has entered into a managed services contract with Bell Internacional de Mexico/TTN Energia for the planning, design, construction, and operation of Tesla Corp.'s commercial battery with solar, energy efficiency platform, expected to meaningfully reduce its operating costs and eliminate nearly all carbon emissions associated with round-the-clock, diesel powered generators.

The platform will provide a sustainable and green energy efficiency solution, using off-grid, PV (solar) green electrical energy generation and AI-controlled battery storage systems, that will cut nearly 90% the annual 2,400 metric tons of carbon dioxide emissions from diesel fuel combustion, thereby dramatically reducing IMPACT's carbon footprint at Plomosas.

About the Tesla Battery System with Solar

Clean electricity from a 2,200 kW solar plant will be supplied to an intelligent software controlled microgrid, equipped with a Tesla Megapack 2 XL 4-hour, 960 kW battery energy storage system (BESS), and continuously delivered to the load centers of the Plomosas mine, for current and future power demand requirements. The system will offer substantial power and expansion capacity for a near doubling of production from current design capacity levels.

Existing diesel generators will be kept onsite and activated automatically for occasional power generation support on consecutive cloudy or rainy days, and emergency backup. Notwithstanding, the battery's charge, which will be "topped up" regularly throughout daylight hours year-round, will be able to provide non-stop, clean power for up to 24 hours per day under current mine operation capacity.

Financial Implications

Immediate cost savings will take effect as contract pricing is based on a percentage of savings linked to the reduction of annual diesel usage, with "minimum saving safeguards" established to protect IMPACT should the price of diesel decline below an agreed upon "baseline" price that would otherwise reduce the amount of diesel cost savings to the Company.

Along with labour, diesel fuel is one of the largest operating costs at the Plomosas mine. No material capex is required by the Company for this project and savings are expected to amount to approximately 30-45% of the Company's current annual diesel input costs at Plomosas once the system is fully operational.

The Company anticipates the project to be fully integrated across the operation, providing nearly all the required power requirements to the Plomosas mine and plant by mid-Q2/2024.

President and CEO, Fred Davidson said, "We are thrilled to partner with world class contractors including Bell Internacional and TTN Energia, backed by the world-leading innovators at Tesla as we become the first truly green mining project. Shareholders can look forward to substantial cost savings and improving profit margins, as we solidify our position as a high-grade, low-cost zinc producer. Our first mover advantage will allow IMPACT to meaningfully reduce its carbon emissions while attracting the attention of potential partners, including some the world's most significant mining companies as we focus on growing production and exploration activity in 2024."

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company re-commenced operations in late 2023 and has plans for expansion in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having 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.

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 and QP statement). The Company's engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. 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 $256 million.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and officer of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101, and has approved the technical information 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
[phone] or [e-mail]
[phone] 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. All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to future silver prices, interpretation of drill results, future work plans, the potential of the Company's projects, and potential and plans for the Plomosas project, are forward looking statements. 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 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.

The Company's decision to place a mine into production, expand a mine, make other production related decisions, or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments, or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone [phone]
www.impactsilver.com
Twitter
LinkedIn

SOURCE: IMPACT Silver Corp.

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VIZSLA SILVER ANNOUNCES SIGNIFICANT INCREASE IN CONTAINED OUNCES AND INCREASE IN GRADE OF INDICATED CATEGORY TO 551 G/T AGEQ IN UPDATED MINERAL RESOURCES ESTIMATE

https://www.newswire.ca/news-releases/vizsla-silver-announces-significant-increase-in-contained-ounces-and-increase-in-grade-of-indicated-category-to-551-g-t-ageq-in-updated-mineral-resources-estimate-885473094.html

Vizsla Silver Corp. 08 Jan, 2024, 07:00 ET

VANCOUVER, BC, Jan. 8, 2024 /CNW/ - Vizsla Silver Corp. (NYSE: VZLA) (TSXV: VZLA) (Frankfurt: 0G3)

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Silver Storm Drills 1,810 g/t Ag.Eq over 14.6 m in C460 Zone

https://www.newsfilecorp.com/release/193167

January 04, 2024 8:55 AM EST | Source: Silver Storm Mining Ltd.

Toronto, Ontario--(Newsfile Corp. - January 4, 2024) - Silver Storm Mining Ltd. (TSXV: SVRS) (OTCQB: SVRSF) (FSE: SVR)

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Regency Silver Options Two Past Producing High-Grade Silver Projects Near San Dimas in Durango, Mexico

https://www.accesswire.com/821527/regency-silver-options-two-past-producing-high-grade-silver-projects-near-san-dimas-in-durango-mexico

Wednesday, 03 January 2024 08:30

VANCOUVER, BC / ACCESSWIRE / January 3, 2024 / Regency Silver Corp. ("Regency Silver" or the "Company") (TSXV:RSMX)(OTCQB:RSMXF) is pleased to announce that it has entered into an option agreement to acquire two contiguous claim groups (the "San Dimas Claims") near the San Dimas mine in the San Dimas district of Durango, Mexico. (See Figure 1 below for location)

The San Dimas Claims cover a total of 3,498 hectares and contain numerous artisanal workings and tunnels. Historical grab sampling returned assay values as high as 17 g/t gold and 7,753 g/t silver and 37 g/t gold and 2,325 g/t silver. Verification grab sampling by Regency Silver has returned assay values of 8.95 g/t gold and 304 g/t silver, and 0.49 g/t gold and 1,084 g/t silver.

The San Dimas Claims are located only 13 km to the east of the San Dimas mine in Durango, Mexico. Historical production to 2018 from the San Dimas district is estimated at more than 748 Moz of silver and more than 11 Moz of gold (Enriquez et al., 2018), placing the district third in Mexico for precious metal production after Pachuca and Guanajuato.

Regency Chairman Bruce Bragagnolo stated, "We are excited to acquire an option on the San Dimas Claims. The acquisition fits with our ongoing strategy of acquiring high grade properties in established mining camps and developing them to create substantial shareholder value. We firmly believe that, after Dios Padre, the San Dimas district is the next large scale mining district in Mexico and Regency plans to be firmly established in the area. In addition to our ongoing programs at Dios Padre we plan to commence a mapping and sampling program on the San Dimas Claims in the near future."

In order to exercise the option, Regency Silver must pay US$50,000 on receipt of Exchange acceptance, US$50,000 in 6 months, issue a total of 1,000,000 common shares and pay back taxes and mining filings on or before March 31, 2025. In lieu of a royalty, Regency Silver must also pay a US$1M bonus upon a NI 43-101 resource being published, which estimates the San Dimas Claims contain a minimum of 70 million silver equivalent ounces or 1 million gold ounces in the measured or indicated categories. The shares are subject to a four month hold period and the agreement is subject to the approval of the TSX Venture Exchange.

Figure 1: San Dimas Claims Location

QA/QC

Regency verification samples were submitted to Laboratorio Technologia de Metallurgia's (LTM) analytical facility in Hermosillo, Mexico for preparation and analysis. LTM is ISO 9001 and ISO/IEC 17025 certified and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. Samples were analyzed by LTM with a standard fire assay using 30 gm samples. Gold was analyzed using absorption spectrometry (AA 240 FS) and silver by gravimetrics.

Technical Information

The technical information contained in this news release has been reviewed by Company director Michael Tucker, P.Geo, who is recognized as a Qualified Person under the guidelines of National Instrument 43-101. Mr. Tucker is a director of the Company and for that reason is not considered independent. Mr. Tucker has read and approved the technical contents of this news release.

ABOUT REGENCY SILVER CORP.

Regency Silver Corp. is a Canadian resource company exploring for high grade gold, copper, and silver in Mexico. Regency Silver is led by a team of experienced professionals with expertise in both exploration and production. Regency's flagship project is the high grade Dios Padre project in Sonora Mexico where Regency has made a large, high grade, gold-copper-silver discovery. Drill results have included 38 metres of 7.36 g/t gold in hole REG 23-21, 36 metres of 6.84 g/t gold, 0.88% copper and 21.8 g/t silver in hole REG 22-01, and 29.4 m of 6.32 g/t gold in hole REG 23-14.

Contact Information

Regency Silver Corp.

Kin Communications Inc.
Phone: [phone]
Email: [e-mail]

Bruce Bragagnolo, Executive Chairman
[phone]
Email: [e-mail]

Gijsbert Groenewegen, Chief Executive Officer
Phone: [phone]
Email: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain forward-looking statements and forward-looking information (together, "forward-looking statements"). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the optioning of the Project by the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that regulatory changes, fundraising, and risk associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management. The forward-looking statements in this news release were developed based on the expectations of management, including that Exchange acceptance for the proposed transaction will be obtained, conditions will be satisfied, required fundraising will be completed and the other risks described above will not materialize. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: Regency Silver Corp.

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Colibri Discovers New Zone of Gold Mineralization on the EP Property in Sonora, Mexico

https://www.newsfilecorp.com/release/191575

December 19, 2023 8:24 AM EST | Source: Colibri Resource Corporation

Dieppe, New Brunswick--(Newsfile Corp. - December 19, 2023) - Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF)

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Kingsman Resources Provides Las Coloradas Project Year-end Summary

https://www.newsfilecorp.com/release/191738

December 20, 2023 8:00 AM EST | Source: Kingsmen Resources Ltd

Vancouver, British Columbia--(Newsfile Corp. - December 20, 2023) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to provide a year-end summary of its activities on the Las Coloradas project, located 30km from Hildago de Parral, Chihuahua, Mexico. Portions of the Soledad structure were mined by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico in the period 1944 to 1952.

2023 has been a busy and productive year for Kingsmen and the Las Coloradas project. Throughout the year Kingsmen has made significant progress in sourcing and compiling exploration data for the project, in confirmatory sampling of old workings on the project, in regional prospecting and sampling in previously unexplored areas of the project, geological mapping and, with the assistance of the optionors, sourcing ground magnetic data for important parts of the project.

As the database grows new exploration opportunities are becoming apparent in the recognition of mineralized structures apart from Soledad and Soledad II, and the potential for epithermal gold-silver mineralization. The structures have not been drilled at depth or along strike. As well, new targets are being identified in the consolidated land position where new claims have been added. The Las Coloradas mineralization is located on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body with potential porphyry, skarn and epithermal vein mineralization.

Kingsmen has completed confirmatory sampling of remnant mineralization in accessible old workings along the Soledad and Soledad II structures, as well as their subsidiary structures. Highlights of sampling results shown below (news releases dated June 7, November 2, August 9, October 26, 2023).

Three important areas of silver mineralization are currently recognized. Two are located on the 1.7 km long Soledad structure and one is on the 1.0 km long Soledad II structure. None of these have been drill tested:

Soledad SE: of 39 samples 2 > 500 g/t Ag, 4 > 200 g/t Ag and 9 >100 g.t Ag. As well, a new 300 m long silver mineralized structure was identified.
Soledad NW: of 24 samples 2 > 400 g/t Ag, 1 > 300 g/t Ag, 1 > 200 g/t Ag and 1 > 100 g/t Ag.
Soledad II: of 21 samples 4 > 300 g/t Ag, 2 > 200 g/t Ag and 2 > 100 g/t Ag.

The Company's regional prospecting and sampling in previously unexplored areas to the west, north and northeast of the Soledad structures identified elevated to anomalous silver values associated with a previously unrecognized approximately 2,500 meter long. Highlights of sampling results shown below. NE-trending zone of structures.

80 samples: 2 > 400 g/t Ag, 2 > 300 g/t Ag, 4 > 200 g/t Ag, 11 > 100 g/t Ag and 9 > 50 g/t Ag.

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. As well, a number of other new sites with anomalous silver values were identified.

Kingsmen's new geological map delivers an excellent understanding of the mineralization and its structural control(s). The Company is integrating the newly acquired ground magnetic data with the geological, structural and geochemical data bases to identify controls on mineralization and new targets.

Kingsmen's field program is ongoing on the newly recognized 2,500 meter long, NE-trending zone of structures, and the pathfinder element concentrations identified. The Company is also conducting initial prospecting and sampling of previously unevaluated areas of the Las Coloradas project.

Scott Emerson, President, commented: "This year the exploration was successful in tracing both the past producing Soledad and Soledad II structures, and identifying a new 3rd structure at Las Coloradas. These represent wide, high-grade, near-surface structures with the potential to deliver significant silver deposits. For 2024, Kingsmen remains focused on delivering value to stakeholders, we will continue exploring new areas of the district with both low-cost mapping/geophysical surveys and a planned drill program."

About Las Coloradas

The Las Coloradas Project ( 8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.

Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt and is located approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbera mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map, https://www.kingsmenresources.com/area-history.

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,

"Scott Emerson"

Scott Emerson,
President & CEO
Phone: [phone]
Email: [e-mail]

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.

SOURCE: Kingsmen Resources Ltd

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Aztec Completes Step Out Drilling Program at the Cervantes Project Expanding the Mineralization Footprint

https://www.accesswire.com/818781/aztec-completes-step-out-drilling-program-at-the-cervantes-project-expanding-the-mineralization-footprint

Wednesday, 20 December 2023 07:00

VANCOUVER, BC / ACCESSWIRE / December 20, 2023 / Aztec Minerals Corp. (TSX-V:AZT)(OTCQB:AZZTF) announces the completion of 13 reverse circulation "RC" holes totaling 1,646 meters (m) at its 100% owned Cervantes project in Sonora, Mexico. The RC drilling program was increased from an originally planned 11 holes and RC chip logging of the 13 completed holes indicate favorable geology to support potential expansion of the gold zone mineralization in the vicinities of the area previously drilled (Figure 1.). The 13 holes were drilled on the primary California gold zone target with step out drilling focused on expanding the zone to the north, west, east and south of previous drilling where Aztec had discovered extensive shallow, wide oxide gold mineralization (please see summary news release dated January 10, 2023).

Drill results are pending with samples from the recently completed holes having been shipped to the Bureau Veritas Minerals Laboratory for geochemical analysis. Geological logging indicated attractive alteration for potential gold mineralization in multiple holes of the 13 hole program. The visual logging of the RC chip samples shows evidence of wide zones of oxidized, strongly altered rocks with multiple veinlets, similar to previously drilled zones at the Cervantes Project.



View Figure 1: Cervantes California Target Expansion RC Drilling Program *

The gold mineralization at Cervantes is characterized by oxidized and unoxidized stockwork veinlets of A, B, and C types and disseminated sulfide sites, with silicification and phyllic alterations, typical of large porphyry Au hosted deposits in similar geological settings. Potassic alteration is present in places and is associated with sulphide mineralization as well. The company continues exploration on the step-out areas (Green Zone - Figure 1), to support expansion of the altered, potentially gold bearing zones for future drilling, aiming to define a much larger gold bearing, oxidized, mineralized zone, potentially amenable to heap leaching.

The thirteen holes were drilled in a general "grid pattern" used at the California target with general orientations of azimuth 250, inclined at 60-75 degrees as "step outs" to expand the California target. The California porphyry gold-copper mineralization is interpreted to be at the top of a large porphyry system. Present in the zone is Diagnostic UST (unidirectional solidification textures) and abundant breeched blocks of metasediments in the intrusives. The mineralization is primarily hosted in two lithologic units, quartz-feldspar porphyry (Qfp) and hydrothermal breccias (Hbx) associated with it. All thirteen holes completed in drilling have intersected the mineralized Qfp and Hbx with silicification and phyllic alterations, pervasive oxidation and, at depth, sulfide mineralization.

The drill program was focused on expanding the California gold zone oxide mineralization, which remains open laterally in every direction. The California zone porphyry target now has a footprint of over 1 km x 1km exposed to date. The 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 enhanced the interpretation to expand the gold mineralization at the primary California target zone. The mapping confirmed the presence of phyllic and potassic alteration zones seen in previous drilling and their significance to metallization. The project is currently permitted for an additional 15 drill holes locations for a second stage of drilling program to be designed subject to results from the recently completed RC drilling program.

The company plans to continue drilling in 2024 to continue to define the open pit, heap leach amenable 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.

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

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 of 0.215% Cu over 69.9 m.

California North - coincident IP chargeability and gold-copper-molybdenum soil geochemical anomalies with demonstrated gold - copper mineralization by RC drilling, it is a northern 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

* Note: Grade-Thickness in meters-grams/tonne means the result of multiplying a drill hole intercept length, measured in meters, by the grade of the gold values in the intercept, the resulting compiled number is measured in grams/tonne. Grade thickness is not to be construed as gross metal value nor as a resource estimation. The California target does not have a current, compliant resource estimation at this point.

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: [phone]
Fax: [phone]
Email: [e-mail]
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.

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Tocvan Prepares for 10,000-meter Drill Program at Pilar Gold - Silver Project

https://www.accesswire.com/818446/tocvan-prepares-for-10000-meter-drill-program-at-pilar-gold--silver-project

Tuesday, 19 December 2023 09:00

Highlights

Tocvan Ventures Overview
Up to 10,000-meters of Drilling Planned
Resource Infill and Expansion
Evaluation of New Discoveries and Targets

CALGARY, AB / ACCESSWIRE / December 19, 2023 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to provide an update on drilling plans for the 2024 season at the Company's road-accessible Pilar Gold-Silver Project in the mine-friendly State of Sonora, Mexico. The program will include ~10,000-meters of drilling focused on resource definition and expansion. The Company is targeting a maiden Mineral Resource Estimate (MRE) for late 2024. Subject to market conditions, the Company will look to expand the program up to 20,000-meters to evaluate target areas across Pilar and the earlier stage Picacho Project. Start of drilling is scheduled for late January and is planned to continue throughout the year.

"Building off our past drill success and recent bulk sample milestones we are excited to be back drilling at Pilar in the New Year." commented Brodie Sutherland, CEO. "There is no shortage of drill targets across the now expanded project area. Our primary focus will be on resource definition while we test several new discoveries across greater Pilar. In addition, we will continue to advance our permitting initiatives towards development. 2024 will be a transformative year for Tocvan as we look to establish and showcase a resource that can sustain a long life of mine."

Drilling Objectives - 10,000-meters

Resource Infill and Expansion Drilling:
Infill Drilling at Pilar Main Zone where 2022 core drilling returned:
116.9-meters of 1.2 g/t Au and 7 g/t Ag in drillhole JES-22-59
108.6-meters of 0.8 g/t Au and 3 g/t Ag in drillhole JES-22-62
Expansion Drilling to the Southeast where past step-out drilling returned:
39.7-meters of 1.0 g/t Au and 2 g/t Ag in drillhole JES-21-50
13.7-meters of 0.6 g/t Au and 13 g/t Ag in drillhole JES-22-63
Expansion Drilling to the north where past drilling returned:
29.0-meters of 0.7 g/t Au and 2 g/t Ag in drillhole JES-21-38
21.0-meters of 38.3 g/t Au and 38 g/t Ag in historic drillhole S-10
Evaluation of New Discoveries and Targets:
Pilar Extension North and Northeast:
Surface sampling returned 3.5 g/t Au and 645 g/t Ag
Placer Mining Corridors (Geological Mapping and Channel Sampling Planned prior to Drilling)
New 3-kilometer corridor with multiple target zones
New Surface Discovery, 2-meters of 5.6 g/t Au and 106 g/t Ag (Trenching and Channel Sampling Planned prior to Drilling)



Figure 1. Surface image of the Pilar Project with recent surface chip sample results highlighting the different target areas for drilling.

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:
21.0m @ 38.3 g/t Au and 38 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
61.0m @ 0.8 g/t Au

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 42 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.

Cautionary Statement Regarding Forward Looking Statements

Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

For more information, please contact:

TOCVAN VENTURES CORP.

Brodie A. Sutherland, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
403-829-9877
[e-mail]

The Howard Group

Jeff Walker
VP Howard Group Inc.
403-221-0915
[e-mail]

SOURCE: Tocvan Ventures Corp

Topic:
Company Update

Related Documents:

20231219_Figure 1

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Xali Gold Enters Into a Rent to Purchase Agreement on the SDA Plant in Mexico

https://ca.finance.yahoo.com/news/xali-gold-enters-rent-purchase-120000191.html

Xali Gold Corp.
Mon, December 18, 2023 at 4:00 a.m. PST·3 min read

CGDXF
0.00%

VANCOUVER, British Columbia, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to advise that it has entered into a Rent to Purchase Agreement (the “Agreement”) with a Mexican company, Grupo Minero WIYA (“WIYA”) to operate the San Dieguito de Arriba (“SDA”) Plant in Nayarit, Western Mexico. The first payment of US$150,000 was received in full on December 14, 2023.

As per the Xali Gold News Release dated July 13, 2023, the Company has been in negotiations with several local parties regarding operating the SDA Plant and has decided to move ahead with WIYA whereby:

WIYA agrees to pay US$150,000 per month for 10 months.

Upon completion of paying a total of US$1.5 Million within 12 months, WIYA will have the right to own the SDA Plant.

In addition to making monthly payments, WIYA will be obligated to complete all repairs and permitting to get the SDA Plant into operation.

The profits from the transaction will be shared equally with Magellan Acquisition Corp. (“Magellan”), as the Company and Magellan each own 50% of the SDA plant as per the earn in agreement with Magellan.

“We are excited to have come to an agreement with the local group WIYA to move the SDA Plant into operation and bring some cash flow to the Company,” says Joanne Freeze, President and CEO of Xali Gold. “WIYA currently has one operating mine in Nayarit which produces high grade silver and lead, and the Company is engaged in discussions regarding potential for additional business opportunities with WIYA. This agreement allows us to put our assets to work and provide cash flow while we continue to evaluate other opportunities within Central and South America.”

AGM Results

The Company is pleased to announce the voting results from its Annual General Meeting of shareholders (the “Meeting”) held on December 14, 2023. Shareholders holding 20,976,466 shares or 15.05% of the outstanding shares of the Company were represented in person or by proxy at the Meeting and voted in favour of all matters brought before the Meeting.

The Company’s shareholders set the number of directors of the Company for the ensuing year at four. All director nominees set out in the Management Information Circular dated November 7, 2023 (the “Circular”), were elected as directors, to serve until the next meeting of shareholders of the Company or until their successors are elected or appointed. Mark Lotz did not stand for re-election. The Company wishes to thank him for his contributions as a board member.

About Xali Gold

Xali Gold has gold and silver projects in Peru and Mexico. El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin Nr. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores).

Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200m.

Xali Gold is dedicated to being a responsible Community partner.

Joanne C. Freeze, P.Geo., President and CEO, and Matthew Melnyk, CPG., Director Operations, are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Information
This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to historical production records. While such forward-looking information is expressed by Xali Gold in good faith and believed by Xali Gold to have a reasonable basis, they may address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Xali Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Xali Gold expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

On behalf of the Board of Xali Gold Corp.

“Joanne Freeze” P.Geo.
President, CEO and Director

For further information please contact:
Joanne Freeze, President & CEO
Tel: + 1 [phone]
[e-mail]

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Kingsman Resources Provides Las Coloradas Project Year-end Summary

https://www.newsfilecorp.com/release/191738

December 20, 2023 8:00 AM EST | Source: Kingsmen Resources Ltd Vancouver, British Columbia--(Newsfile Corp. - December 20, 2023) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to provide a year-end summary of its activities on the Las Coloradas project, located 30km from Hildago de Parral, Chihuahua, Mexico. Portions of the Soledad structure were mined by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico in the period 1944 to 1952.

2023 has been a busy and productive year for Kingsmen and the Las Coloradas project. Throughout the year Kingsmen has made significant progress in sourcing and compiling exploration data for the project, in confirmatory sampling of old workings on the project, in regional prospecting and sampling in previously unexplored areas of the project, geological mapping and, with the assistance of the optionors, sourcing ground magnetic data for important parts of the project.

As the database grows new exploration opportunities are becoming apparent in the recognition of mineralized structures apart from Soledad and Soledad II, and the potential for epithermal gold-silver mineralization. The structures have not been drilled at depth or along strike. As well, new targets are being identified in the consolidated land position where new claims have been added. The Las Coloradas mineralization is located on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body with potential porphyry, skarn and epithermal vein mineralization.

Kingsmen has completed confirmatory sampling of remnant mineralization in accessible old workings along the Soledad and Soledad II structures, as well as their subsidiary structures. Highlights of sampling results shown below (news releases dated June 7, November 2, August 9, October 26, 2023).

Three important areas of silver mineralization are currently recognized. Two are located on the 1.7 km long Soledad structure and one is on the 1.0 km long Soledad II structure. None of these have been drill tested:

Soledad SE: of 39 samples 2 > 500 g/t Ag, 4 > 200 g/t Ag and 9 >100 g.t Ag. As well, a new 300 m long silver mineralized structure was identified.
Soledad NW: of 24 samples 2 > 400 g/t Ag, 1 > 300 g/t Ag, 1 > 200 g/t Ag and 1 > 100 g/t Ag.
Soledad II: of 21 samples 4 > 300 g/t Ag, 2 > 200 g/t Ag and 2 > 100 g/t Ag.

The Company's regional prospecting and sampling in previously unexplored areas to the west, north and northeast of the Soledad structures identified elevated to anomalous silver values associated with a previously unrecognized approximately 2,500 meter long. Highlights of sampling results shown below. NE-trending zone of structures.

80 samples: 2 > 400 g/t Ag, 2 > 300 g/t Ag, 4 > 200 g/t Ag, 11 > 100 g/t Ag and 9 > 50 g/t Ag.

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. As well, a number of other new sites with anomalous silver values were identified.

Kingsmen's new geological map delivers an excellent understanding of the mineralization and its structural control(s). The Company is integrating the newly acquired ground magnetic data with the geological, structural and geochemical data bases to identify controls on mineralization and new targets.

Kingsmen's field program is ongoing on the newly recognized 2,500 meter long, NE-trending zone of structures, and the pathfinder element concentrations identified. The Company is also conducting initial prospecting and sampling of previously unevaluated areas of the Las Coloradas project.

Scott Emerson, President, commented: "This year the exploration was successful in tracing both the past producing Soledad and Soledad II structures, and identifying a new 3rd structure at Las Coloradas. These represent wide, high-grade, near-surface structures with the potential to deliver significant silver deposits. For 2024, Kingsmen remains focused on delivering value to stakeholders, we will continue exploring new areas of the district with both low-cost mapping/geophysical surveys and a planned drill program."

About Las Coloradas

The Las Coloradas Project ( 8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.

Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt and is located approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbera mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map, https://www.kingsmenresources.com/area-history.

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,

"Scott Emerson"

Scott Emerson,
President & CEO
Phone: [phone]
Email: [e-mail]

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.

SOURCE: Kingsmen Resources Ltd

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Riverside Samples 7.30 g/t Gold from Rock Samples Along a 0.8 km Transect Expanding Target Zone at the Cecilia Project in Sonora, Mexico

https://www.newsfilecorp.com/release/191682

December 20, 2023 7:30 AM EST | Source: Riverside Resources Inc. Vancouver, British Columbia--(Newsfile Corp. - December 20, 2023) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY)

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GoGold Completes Construction of Zinc Circuit at Parral and Releases Financial Results for 2023


https://www.newswire.ca/news-releases/gogold-completes-construction-of-zinc-circuit-at-parral-and-releases-financial-results-for-2023-893844491.html


GoGold Resources Inc. 19 Dec, 2023, 09:00 ET

HALIFAX, NS, Dec. 19, 2023 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)

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VIZSLA SILVER PROVIDES 2023 YEAR-END SUMMARY AND 2024 OUTLOOK

https://www.newswire.ca/news-releases/vizsla-silver-provides-2023-year-end-summary-and-2024-outlook-831327737.html

Vizsla Silver Corp. 19 Dec, 2023, 08:00 ET

NYSE: VZLA TSX-V: VZLA

VANCOUVER, BC, Dec. 19, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3)

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Pan American Announces Preliminary Economic Assessment of the La Colorada Skarn Project

https://ca.finance.yahoo.com/news/pan-american-announces-preliminary-economic-005800715.html

Business Wire
Mon, December 18, 2023 at 4:58 p.m. PST

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Almaden requests consultations with Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

https://ca.finance.yahoo.com/news/almaden-requests-consultations-mexico-under-120000049.html

Almaden Minerals Ltd.
Thu, December 14, 2023 at 4:00 a.m. PST·2 min read

AAU
+1.38%

VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) announces that it has delivered to the United Mexican States (“Mexico”) a Request for Consultations in accordance with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”) relating to an investment dispute with Mexico.

Almaden sent the Request for Consultations to Mexico’s General Directorate of Legal Consultancy for International Trade (Dirección General de Consultoría Jurídica de Comercio Internacional). The investment dispute arises out of certain acts and omissions of Mexico in breach of the CPTPP relating to the Company’s investment in the Ixtaca Gold-Silver Project (the “Project”).

The Company has suffered substantial harm arising out of Mexico’s conduct in breach of its investment protection obligations under the CPTPP, including (without limitation):

the Mexican Ministry of Economy’s (“Economia”) declaration that the Project’s mineral titles were void;

Economia’s reassessment of the original applications for the mineral titles holding them to be deficient and unfeasible, contradicting the position previously adopted by it, and violating the Company and its subsidiary’s right to amend or supplement the mineral title applications; and

the Mexican Secretariat of Environment and Natural Resources’ (Secretaría del Medio Ambiente y Recursos Naturales, “SEMARNAT”) delay in issuance and ultimate refusal to issue the Project’s environmental permit (Manifiesto de Impacto Ambiental).

The Request for Consultations enables the Company to initiate arbitration should an amicable resolution of the dispute with the Mexican government not be reached. The filing of the Request for Consultations initiates a six-month consultation period between the parties, during which they are to attempt to amicably settle the dispute. If no settlement is reached in that six-month period, the Company may then initiate international arbitration proceedings against Mexico in accordance with the CPTPP after serving a notice of intent to submit claims to arbitration.

The Company confirms that it is taking all necessary actions to preserve its rights and protect its investments in Mexico. The Company’s desire is for all parties to reach a mutually acceptable outcome swiftly and amicably. If such an outcome is not achieved within the next six months, the Company expects it will have no alternative but to pursue its claims before an arbitral tribunal and seek full compensation for damages the Company has suffered as a result of Mexico’s acts and omissions. This Request for Consultations has been submitted by Almaden together with Almadex Minerals Ltd., on behalf of themselves and their Mexican subsidiaries.

The Company has retained international arbitration counsel at Boies Schiller Flexner LLP to advise and will consider any other actions necessary to ensure its rights are preserved.

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 consultation, negotiations or settlement between the Company and Mexico, whether the Company pursues claims before an arbitral tribunal and the timing, result and damages of such claims before an arbitral tribunal.

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 under the CPTPP; stability and predictability in the application of the CPTPP and arbitral decisions thereon; and continued respect for the rule of law in Mexico. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release. Such risks and other factors include, among others, risks related to: Mexico’s consultation process under the CPTPP; the application of the CPTPP and arbitral decisions thereon; continued respect for the rule of law in Mexico; political risk in Mexico; crime and violence in Mexico; corruption in Mexico; 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 Project; certainty of mineral title and the outcome of consultation, litigation and arbitration; 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. [phone]
Email: [e-mail]
http://www.almadenminerals.com/

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VIZSLA SILVER INTERCEPTS HIGH-GRADE AT LA LUISA AND EXPANDS ITS STRIKE LENGTH TO 1,670 METRES

https://www.newswire.ca/news-releases/vizsla-silver-intercepts-high-grade-at-la-luisa-and-expands-it-s-strike-length-to-1-670-metres-831263522.html

Vizsla Silver Corp. 14 Dec, 2023, 08:00 ET


VANCOUVER, BC, Dec. 14, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3)

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Kootenay Silver Completes 2023 Program with 2,123 gpt Silver Over 1.54 Meters Within 501 gpt Silver Over 10.26 Meters at Columba High Grade Silver Project

https://www.newswire.ca/news-releases/kootenay-silver-completes-2023-program-with-2-123-gpt-silver-over-1-54-meters-within-501-gpt-silver-over-10-26-meters-at-columba-high-grade-silver-project-835306330.html

Kootenay Silver Inc. 14 Dec, 2023, 08:00 ET

VANCOUVER, BC, Dec. 14, 2023 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)

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Guanajuato Silver Provides Mid-Q4 Production Update

https://www.accesswire.com/815833/guanajuato-silver-provides-mid-q4-production-update

Tuesday, 12 December 2023 06:28

VANCOUVER, BC / ACCESSWIRE / December 12, 2023 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF

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Prime Further Expands Mineralization at Central

https://ca.finance.yahoo.com/news/prime-further-expands-mineralization-central-110000558.html

Prime Mining Corp.
Wed, December 13, 2023 at 3:00 a.m. PST

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Kingsmen Resources Acquires Total Ground Magnetic Coverage of Las Coloradas Project

https://www.newsfilecorp.com/release/190217

Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to report it has acquired ground magnetic coverage of the 100% controlled Las Coloradas project, located 30km from Hildago de Parral, Chihuahua, Mexico. Portions of the Soledad 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 Resources, with the assistance of the vendors of the Las Coloradas claims, acquired ground magnetic data covering the entire Las Coloradas project area. The magnetic data (2017 (219.2 line-km) and 2018 (100.6 line-km) was acquired by two different companies neither of which controlled the entire Las Coloradas project area.

The Company, through its Mexican subsidiary Leona Silver Exploraciones S.A. de C.V., commissioned the processing and interpretation of the magnetic data. Processing included the merging and levelling of the data bases to produce various metadata including total magnetic intensity, residual magnetic anomaly, reduction to the pole, 1st vertical derivative, tilt derivative, upper continuation of the reduction to the pole, two orders of high frequency filtering of the reduction to the pole and analytical signal.

Processing was performed for the whole area but given that the high contrast of the magnetic response may hide subtle features, two further rounds of data processing were completed to cover two specific areas to ensure the quality of the metadata. The magnetic data has been added to the project data base. Further processing and interpretation of the data, in conjunction with the geology, structure and geochemistry are ongoing to identify targets for drilling.

Scott Emerson, President commented: "The detailed magnetic geophysical information will provide guidance for expanding the mineralization at Las Coloradas as our field programs continue."

About Las Coloradas
The 100% controlled Las Coloradas Project ( 8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.

Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, and is located approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbera mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map, https://www.kingsmenresources.com/area-history.

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: [phone]
Email: [e-mail]

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.

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Tocvan Pours First Doré Bar from Pilar Bulk Sample

https://www.accesswire.com/812033/tocvan-pours-first-dor-bar-from-pilar-bulk-sample

Thursday, 30 November 2023 16:45

Engages The Howard Group for Capital Markets and Corporate Communications

Highlight Video

Tocvan Ventures - First Doré Bar of Gold and Silver - YouTube

CALGARY, AB / ACCESSWIRE / November 30, 2023 / Tocvan Ventures Corp. (the "Company") (CSE:TO);(OTCQB:TCVNF);(FSE:TV3), is pleased to announce it has poured the first doré bar of gold and silver from bulk sample material processed at its Pilar gold-silver project in Sonora, Mexico. The bar weighs 1.487 kilograms in total, with assays from local certified laboratory LTM returning 18% of gold and 69% of silver. The bar was processed at a local facility under the supervision of Company staff. Carbon material used to absorb gold and silver during the heap leach bulk test was processed to extract the precious metals. Results are pending to determine the other metals present in the doré bar and to quantify the remaining gold and silver present in the carbon material. Remaining gold and silver in the carbon and will be processed shortly during a second doré bar pour. During the bulk sample 700 tonnes of material were crushed and processed through heap leach, returning a 1.9 g/t Au head grade and gold recovery of 62%. An additional 700 tonnes of bulk sample material are available for follow on testing of alternative recovery methods including, gravity with agitated leach. Preliminary agitated leach studies have shown rapid recovery of gold of up to 81% (see news release August 22, 2023). Gravity with later agitated leach studies have shown recoveries over 95% for gold (see news release April 11, 2023).



Figure 1. Photo of the first doré bar poured from the Pilar Project bulk material.

"Recovering gold and silver is an important step towards full-scale production and the first of many ounces to be produced from Pilar." stated Brodie Sutherland, CEO. "Pilar has returned high head grade, well above the average of open pit mines in the region. The recoveries are also consistent with local operations, with the advantage at Pilar for even higher recovery through gravity and agitated leach methods. More gold and silver are yet to be extracted from the material in hand while we continue to advance our near-term permitting initiatives towards mine development. In addition, we are extremely excited to bring on The Howard Group as a key advisor to both capital markets and corporate communications as we look to broaden our outreach to current and prospective investors."



Figure 2. Tocvan's technical team with the Pilar first pour.

The Company is also pleased to announce it has engaged The Howard Group Inc. as its Capital Markets and Corporate Digital Communications advisor. The Howard Group will direct both traditional and online initiatives with a special emphasis on connecting the Company to retail investing communities and select members of numerous investment and institutional organizations.

The Company entered into an investor relations engagement agreement (the "Agreement") with The Howard Group dated December 1, 2023 (the "Effective Date") subject to approval of the Canadian Securities Exchange (CSE), whereby the Company has agreed to engage The Howard Group for a term of twelve months with a six-month renewal feature. Under the Agreement, the Company will pay $10,000 a month and grant the following stock options to The Howard Group under the Company's incentive stock option plan: (i) 200,000 stock options granted within 15 days of the date of the Agreement with an exercise price of $0.45 per share vesting 25% every 3 months and expiring 3 years after the date of grant; and (ii) 100,000 stock options granted upon first renewal at six months, and the stock options shall have an exercise price equal to the applicable market price pursuant to the policies of the Canadian Securities Exchange, vesting 25% every 3 months and expiring 3 years after the date of grant.

"Tocvan is an extremely interesting opportunity," commented Grant Howard, President of The Howard Group. "We feel the investing and investment communities will find the story particularly appealing. It sits in the heart of gold country in Sonora, Mexico, has dramatically expanded its 100% Pilar Gold & Silver project and there are multiple high-grade assay results. Tocvan management is focused on the company becoming a near-term producer."

About The Howard Group

Since 1988, The Howard Group has provided comprehensive outreach, online digital and capital markets programs targeting investor, investment, and institutional communities as well as financing support and strategic planning for public companies.

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 41.7 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.

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: [phone]
Email: [e-mail]

The Howard Group
Jeff Walker
VP Howard Group Inc.
403-221-0915
[e-mail]

SOURCE: Tocvan Ventures Corp

Topic:
Company Update

Related Documents:

Figure 2 20231130 Team
Figure 1 20231130 Dore Photo

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Kootenay Silver Drills 814 gpt Silver Over 1.0 Meter Within 6 Meters of 435 gpt Silver and 174 gpt Over 22 Meters at Columba High Grade Silver Project

https://www.newswire.ca/news-releases/kootenay-silver-drills-814-gpt-silver-over-1-0-meter-within-6-meters-of-435-gpt-silver-and-174-gpt-over-22-meters-at-columba-high-grade-silver-project-859004124.html

Kootenay Silver Inc. 07 Dec, 2023, 08:00 ET

VANCOUVER, BC, Dec. 7, 2023 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)

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Prismo Metals Continues to Intersect Gold at Los Pavitos

3.58 g/t gold over 1.15 meters within 3.65 m carrying 2.33 g/t gold and 87.6 g/t silver

https://www.newsfilecorp.com/release/189813

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2023) - Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF)

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Luca Mining's Q3 2023 Overview: Optimizing Campo Morado and Progress at Tahuehueto Mining Project

https://www.prnewswire.com/news-releases/luca-minings-q3-2023-overview-optimizing-campo-morado-and-progress-at-tahuehueto-mining-project-302003792.html

Luca Mining Corp. 04 Dec, 2023, 08:00 ET

VANCOUVER, BC, Dec. 4, 2023 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) announces its financial and operating results for the third quarter and nine months ended September 30, 2023. The Company reports net revenue of $15.1 million in Q3 2023, representing a 2% increase over net revenue of $14.8 million in Q3 2022. Mine operating income (before depletion, depreciation, and amortization) in Q3 2023 was $0.30 million compared to $1.50 million in Q3 2022. The net mine operating loss in Q3 2023 was $0.74 million compared to a net mine operating gain of $1.16 million in Q3 2022.


Highlights

Tahuehueto is nearing completion of 1,000 tonnes per day of installed capacity before year end and on track to ramp up to commercial production in early 2024. First phase production from the mine is expected to achieve over 40,000 ounces gold equivalent per year with an AISC of under USD $1,000 per AuEq ounce*.
Campo Morado initiated an optimization program designed in cooperation with consulting metallurgical engineers, Ausenco, which has already demonstrated substantial increases in both recoveries and grades of the copper-lead and zinc concentrates.
The Company expects the optimization program to result in a revenue increase of at least 40% in 2024 with only very modest capital expenditures.

"During the third quarter of 2023, the Tahuehueto Mining project continued progressing towards its objective of achieving 1,000 tonnes per day installed capacity by year-end and announcement of commercial production early in 2024," said Mike Struthers, CEO. "Following a challenging operational performance in Q3 2023 at Campo Morado, in large part due to reduced throughput as part of a new optimization program by our colleagues at Ausenco, we now have, for the first time in the history of this operation, an understanding of how to correctly operate the project to achieve consistent performance and profitability. The execution of a new mine-to-mill program, an effective blending strategy, and multiple initiatives in the processing plant, will translate into major improvements to the bottom line at Campo Morado. We are very grateful for the substantial support provided by the Ausenco engineers and look forward to the improved results to come to fruition in 2024."


Q3 2023 Overview
Campo Morado

Production and concentrate sales for the three months ended September 30, 2023:

Produced 5,094 tonnes of zinc concentrate grading an average of 45.8% zinc, 4.08 g/t gold, 450 g/t silver and sold 5,399 tonnes generating Q3-2023 revenue from zinc concentrate of US$4.59 million.
Produced 3,674 tonnes of bulk copper-lead concentrate, grading an average of 14.8% copper, 11.72 g/t gold, 753 g/t silver and sold 3,485 tonnes generating Q3-2023 revenue from copper concentrate of US$5.97 million
128,287 tonnes of mineralized material were processed through the processing plant at a C1 cash cost per pound payable of zinc at US$2.74 with average grades of 2.51% zinc, 0.77% copper, 0.74% lead, 1.62 g/t gold, and 100.91 g/t silver
Recoveries during Q3-2023 were 72.6% zinc, 47.8% copper, 28% gold, and 36.6% silver.

C1 cash costs per pound of payable zinc for the Campo Morado Mine operation are estimated by adding the total cost to produce concentrate (mining, milling, site general and administration), adding the cost of transporting concentrate to the point of sale, adding the cost of smelter treatment and refining charges, subtracting the byproduct credits estimated from sales of lead, silver, gold and dividing by the pounds of payable zinc. By-product credits are calculated using the realized weighted average metal price, during the year.

Campo Morado Optimization Program

In July 2023 Ausenco consultants reviewed and optimized the comminution circuit, reducing throughput from 100 to 75 tonnes per hour and adjusting the primary grind from 65 microns to 35 microns to enhance flotation recoveries.
Subsequent lab tests and plant trials showcased substantial recovery increases, resulting from effective blending in the mine and the use of correct reagents.
The initiative evolved into a project during the quarter, encompassing a mine-to-mill program, extensive process plant modifications, and lab tests at ALS laboratories in Canada.
The project is slated for implementation in Q4 2023, with results expected over the subsequent months.
In a news release dated November 20, 2023, Luca announced initial results from the optimization program.

A bulk concentrate is being produced with greater than 70% copper recovery (compared to a historical range between 35-40%). The concentrate produced contained greater than 14-16% copper (compared to historical values near 11%).
Overall zinc recovery is expected to increase from 76% to 86% and the final concentrate grade increases from 46% to 56% zinc over the next 12 months.

Tahuehueto Mining Project

While the project is still under construction, the following details the production and concentrate sales for the three months ended September 30, 2023:

Produced 782 tonnes of zinc concentrate grading an average of 52.2% zinc, 8.70 g/t gold, 117.15 g/t silver and sold 591 tonnes generating Q3-2023 revenue from zinc concentrate of US$0.64 million.
Produced 487 tonnes of lead concentrate grading an average of 38.4% lead, 79.95 g/t gold, 794.12 g/t silver and sold 532 tonnes generating Q3-2023 revenue from lead concentrate of US$2.61 million.
19,433 tonnes of mineralized material were processed through the processing plant with average grades of 3.27% zinc, 1.34% lead, 3.05 g/t gold, and 32.79 g/t silver.
Recoveries during Q3-2023 were 64.1% zinc, 79.4% lead, 82.3% gold, and 82.7% silver.
Daily output has varied considerably during the period, as equipment and systems are tested, optimized, installed, and commissioned. The average daily throughput during the period was 211 tonnes per day, with a peak production output of 440 tonnes per day tonnes per day.

Management Discussion and Analysis Refiling

On November 27, 2023, the Company filed its condensed interim consolidated financial statements and corresponding management discussion and analysis ("MD&A") for the period ending September 30, 2023. Subsequently, the Company became aware of minor update revisions and typographical corrections (including, but not limited to, page 7 of such MD&A under the heading "Operational Performance Results) required to the MD&A and as a result the Company has refiled its MD&A on November 30, 2023. These corrections do not materially impact the substantive content or key insights presented in the original MD&A but aim to ensure the precision and accuracy of our communication.


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. With one mine ramping up, and another going through an optimisation program, the Company expects these operations to generate consistent, positive free cash flow starting in early 2024.

Luca's Tahuehueto Mine is a new underground gold mine in northwestern Durango State, Mexico, located within the prolific Sierra Madre Mineral Belt which hosts numerous producing and historic mines along its trend. Currently in the final stages of construction to the nameplate capacity of 1,000 tonnes per day, 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 production of 40,000 ounces gold-equivalent per year, with approximately 75% of the revenues from precious metals, and a 10-year mine life.

The Campo Morado Mine, located in Guerrero State, Mexico, is an operating underground base and precious metals mine with a throughput of approximately 600,000 tonnes per year, producing zinc, copper, and lead concentrates with significant precious metals credits. It is currently undergoing an optimisation program which is already generating significant improvements in recoveries and grades, and cashflows.

*Pre-feasibility report dated April 21, 2022.

Qualified Persons

The technical information contained in this News Release has been approved by Mr. Mike Struthers, C.Eng., CEO and Director at Luca Mining, a Qualified Person for the Company as defined in National Instrument 43-101.

Visit: www.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 program to improve 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 the program to improve mining 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.

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Silver Storm Drills 500 g/t Ag.Eq over 14.8 m in C1524 Zone

https://www.newsfilecorp.com/release/189806

Toronto, Ontario--(Newsfile Corp. - December 5, 2023) - Silver Storm Mining Ltd. (TSXV: SVRS) (OTCQB: SVRSF) (FSE: SVR)

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Golden Minerals Completes Sale of Santa Maria Gold-Silver Property

https://ca.finance.yahoo.com/news/golden-minerals-completes-sale-santa-114500988.html

Business Wire
Tue, December 5, 2023 at 3:45 a.m. PST·1 min read

AUMN
-7.7384%

GOLDEN, Co., December 05, 2023--(BUSINESS WIRE)--Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") (NYSE-A: AUMN and TSX: AUMN) is pleased to announce that on December 1, 2023, it completed the previously-announced sale of its interests in the Santa Maria gold-silver property located in Chihuahua State, Mexico to Transformaciones y Servicios Metalurgicos S.A. DE C.V. ("TSM").

Upon closing, the Company has received (all figures in USD) $1.50 million plus $0.24 million in Value Added Tax ("VAT"). The Company is permitted to keep the VAT and use it to offset its current VAT receivable.

In addition, sales terms include:

TSM has granted Golden a 1.5% net smelter return ("NSR") royalty on the Santa Maria concession, capped at $1 million.

TSM may purchase from Golden the right to receive the NSR royalty for $0.5 million at any time prior to TSM beginning commercial production at Santa Maria.

About Golden Minerals

Golden Minerals is a gold and silver mining company based in Golden, Colorado. The Company is primarily focused on resuming production at its Velardeña Properties and advancing its Yoquivo property in Mexico, and, through partner-funded exploration, advancing its El Quevar silver property in Argentina. The Company is also focused on acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

Follow us at www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals.

For additional information, please visit http://www.goldenminerals.com/ or contact:

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205190240/en/

Contacts

Golden Minerals Company
Karen Winkler, Director of Investor Relations
[phone]

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Torex Gold Reports Results from 2023 Exploration Drilling Program at Media Luna West

https://ca.finance.yahoo.com/news/torex-gold-reports-results-2023-230000476.html

Torex Gold Resources Inc.
Thu, November 30, 2023 at 3:00 p.m. PST

[Lone Clone]

Minera Alamos Releases Operations Update and Q3 Financials

https://www.newsfilecorp.com/release/189255

Toronto, Ontario--(Newsfile Corp. - November 30, 2023) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to provide an operations update and select financial highlights from the third quarter of 2023 as well as some highlights of corporate activities during the quarter and the year. For a full overview please refer to the Q3 Financial Statements and MD&A filed on Sedarplus.ca on November 29th, 2023.

Highlights

Completion of Maiden Resource Statement at the Santana gold project. Total Measured and Indicated Resources of 198,000 oz (grading 0.65 g/t gold) and an additional 103,000 oz of Inferred Resources (grading 0.58 g/t gold) (see news release dated October 3rd, 2023).

Mining rates increased in the third quarter as had been forecast in Q2. Due to normal delays following the stacking and initiation of leaching from new mineralization additional recoverable gold from these operations will be achieved in Q4. Further expansion of mining rates will be dependent on the pending permit amendment that will allow for more efficient stacking and sequencing of pad leaching activities.

Total gold ounces recovered, since the start of operations through until September 30, 2023 was 14,720 ounces from the Santana Project with a recoverable gold inventory on the leach pad increasing to 6,337 ounces as at September 30, 2023.

Sales revenues from 636 ounces of gold sold in the third quarter of 2023 totaled $1,790,245 and revenues from 4,381 ounces of gold sold during the first nine months of 2023 totaled $11,654,580.

As of the end of the third quarter, Cash and Cash Equivalents totaled $6,573,453 and the Company had positive working capital position of $19,668,154. This includes cash received from sales completed from the Q3 production where the related revenues have been treated as deferred in the financial statements and will be accounted in the Q4 Financial Statements.

On October 27, 2023, the Company announced it had completed definitive documentation with Auramet International Inc. and Auramet Capital Partners LP on a US$25 million loan and royalty funding package which will cover the anticipated construction costs of the planned Cerro de Oro gold mine in Zacatecas, Mexico and included a draw-down of US$5 million under the loan facility.

Subsequent to September 30, 2023, the Company received an additional 41,623,000 Mexican pesos ($3,321,900 CAD) in the form of an IVA (sales tax) from the Government of Mexico associated with the Santana project. The Company is anticipating a more regular recovery of outstanding IVA amounts.

The Company paid $800,000 USD and issued 500,000 common shares in respect of the Cerro de Oro project acquisition agreement. The Company will complete it's final earn-in on the project with the last payment scheduled for August 4, 2024.

Operational Updates

Following a scale-up in the resources (equipment/workforce) from the Company's mining contractor, production rates at the Santana project increased in Q3 and averaged over 70,000 tonnes of total material (mineral + waste) moved per month which was in line with plans.

Average grade of mineralized material - 0.81 g/t gold

Stripping ratio (waste: mineral) - 2.2

Crushing operations - 66% of mined mineralization

The Company continues to have constructive communications with SEMARNAT regarding the delayed permit amendment application which will triple the overall leach pad capacity at Santana and provide the necessary capacity for full Nicho Main Zone development. All requested follow-up technical information has been submitted by the Company as part of that dialogue and no additional requests were received in the quarter. Plans continue to advance with the Company's contractor to finalize required construction details related to the leach pad expansion outlined in the permit applications.

Exploration drilling at the Santana project is ongoing at the Benjamin target area and the release of drilling results are pending. Following the completion and analysis of the current round of data from the Benjamin and Zata prospects the Company will be preparing plans for its 2024 exploration activities. Also included for these upcoming plans will be additional drill programs to further delineate the known gold resources at the Cerro de Oro project as well as zones for resource expansion. The Company remained active in the Cerro de Oro area throughout the quarter with mapping and targeting activities covering the large concession package surrounding the currently defined resources.

Work activities related to the Cerro de Oro project will continue to expand through Q4 and into 2024 following the completion of the Auramet financing facility for the project's development. This will include:

Metallurgical optimization studies to fully evaluate the gold recovery / particle size relationships across the varying zones of mineralization present withing the known resource area. These studies are also planned to include material from the transition/sulphide zones of the deposit below the currently defined oxide resources. Limited test work on samples of transition material showed some potential for this mineralization to also be leachable.

Detailed engineering work aimed at preparing work packages for the construction of the project facilities following the receipt of permits. Specifically, this will focus initially on the crushing and gold recovery plant operations so that work can be initiated on the fabrication/securing of longer lead equipment items in advance of permit approvals.

Drilling activities within and surrounding the project area aimed not only at resource exploration but also to support hydrogeological and metallurgical test work programs.

The Cerro de Oro permitting process remains ongoing.

Selected Financial Data

The following selected financial data is summarized from the Company's Financial Statements and related notes thereto (the "Financial Statements') for the quarter ended September 30th, 2023, and the Management's Discussion and Analysis ("MD&A") for the quarter ended September 30th, 2023 (all numbers in Canadian dollars unless otherwise stated). A copy of the Financial Statements and MD&A is available on SEDARplus at www.sedarplus.ca.

Revenues (not factoring deferred revenue) totalled $1,790,245 with cost of goods sold and depletion amounting to $2,063,559 for gross loss from mining operations of $273,313. This loss largely reflects lower sales from the reduced production in the first nine months of the year.

Net loss of $4,973,485 for the quarter of $0.011/share compared to net income of $3,039,574 in the corresponding period of 2022.

Working capital as of September 30th, 2023 stood at $19,668,154 down slightly from $20,617,557 as of June 30, 2023.

Cash and Cash Equivalents of $6,573,453 compared to $13,153,828 as at December 31, 2022. This includes cash received from sales completed from the Q3 production where the related revenues have been treated as deferred in the financial statements and will be accounted in the Q4 Financial Statements.

The Company's net cash flows (used in) after the inclusion of changes to non-cash operating accounts were ($8,282,686) for the nine month period ended September 30, 2023. This reduction is primarily a result of a non-cash operating adjustment of ($4,100,000) -- approximately 1,780 ounces - related to work in process inventory as recorded at September 30, 2023 as compared to December 31, 2022. Other changes are a result of a reduction in normal operating payables of ($1,134,000), property holding costs of ($1,445,000), a Cerro de Oro option payment of ($1,000,000) and an expansion of the Company's exploration and evaluation spending on exploration drilling programs of ($600,000).

Subsequent to quarter end, the Company received an additional 41,623,000 Mexican pesos ($3,321,900 CAD) in the form of an IVA (sales tax) from the Government of Mexico associated with the Santana project.

On October 27, 2023, the Company announced it had completed definitive documentation with Auramet International Inc. and Auramet Capital Partners LP on a US$25 million loan and royalty funding package which will cover the anticipated construction costs of the planned Cerro de Oro gold mine in Zacatecas, Mexico. Subsequent to October 27, 2023, the Company completed a draw-down of US$5 million under the loan facility. The US$5 million drawdown will be used for exploration purposes, property holding costs, detailed engineering for construction and deposits on long lead time items.

Cautionary Statement

The Company made its production decision at the Santana gold mine without having completed a feasibility study demonstrating economic and technical viability. As such, there may be increased uncertainty of achieving planned production levels, estimated recovery of gold, the costs associated with such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure.

Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101.

For Further Information Please Contact:

Minera Alamos Inc.
Doug Ramshaw, President
Tel: [phone]
Email: [e-mail]
Website: www.mineraalamos.com

Victoria Vargas de Szarzynski, VP Investor Relations
Tel: [phone]
Email: [e-mail]

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 undergoing permitting. 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.

[Lone Clone]

Mammoth Announces Results of Independent Drill Hole Spacing Analysis with Recommendations to Identify Initial Mineral Resource Estimate at Tenoriba Gold-Silver Property, Mexico

https://thenewswire.com/press-releases/1A0vFG7E2-mammoth-announces-results-of-independent-drill-hole-spacing-analysis-with-recommendations-to-identify-initial-mineral-resource-estimate-at-tenoriba-gold-silver-property-mexico.html

Toronto, Canada – TheNewswire - November 30, 2023 - Mammoth Resources Corp. (TSXV:MTH), (the “Company”, or “Mammoth”) is pleased to announce the results from an independent, third-party expert study of the Company’s relevant geological data to perform a Drill Hole Spacing Analysis (DHSA). The purpose of this study is to guide the design of future drilling to establish an Initial Mineral Resource Estimate at Mammoth’s 100% owned Tenoriba gold-silver exploration property in the Sierra Madre precious metal belt, Mexico.

The DHSA was performed by Mr. Fred Brown, M.Sc., P.Geo. of P&E Mining Consultants Inc. (P&E) and reviewed by Eugene Puritch, P.Eng., FEC, CET, President of P&E and took into account historical geological data, including data supplied electronically in the form of Excel spreadsheets, ASCII text files and pdf files containing all Mammoth drill hole data, in addition to topographic data and a series of interpreted cross-sections, a 2021 Mammoth produced drilling report and the Company corporate presentation in order to assist in determining a proposed drill hole spacing P&E believe would be required to estimate an Inferred Mineral Resource at Tenoriba.

Based on the data supplied by Mammoth, P&E recommended a drill hole spacing for an Inferred Mineral Resource as follows in the three main mineralized areas at Tenoriba (refer to Figure 1 - Drill Hole Collar Locations, Tenoriba Property Drilling and Figure 2 - Location Map, Tenoriba Property Drilling).



El Moreno: 80 metres

Masuparia: 40 metres

Los Carneritos: 80 metres

Thomas Atkins, President and CEO of Mammoth Resources commented on the recommendations of the DHSA, stating: "Mammoth was successful in its 2021-22 diamond drill program often intersecting multiple tens of metre intervals of potentially economical gold-silver mineralization within three large areas, each in excess of one kilometre in size located over a four-kilometre trend at Tenoriba. These encouraging drill results, which follow up equally encouraging surface gold-silver mineralization and attractive geophysical features along the trend, segued to the logical next steps in the project’s development; defining an initial Mineral Resource Estimate at Tenoriba. We engaged the expertise of P&E Mining Consultants Inc. to perform an independent Drill Hole Spacing Analysis as a guide to future drilling to define this initial Mineral Resource Estimate at Tenoriba.

“Mammoth recently announced encouraging results for the recovery of gold and silver via rapid gold dissolution under cyanide leach bottle-roll tests, supportive of employing low-cost heap leaching to recover near-surface oxidized and transition oxidized-sulphide precious metal at Tenoriba. With this Drill Hole Spacing Analysis, the Mammoth geological team will now study the lay-out of drill holes to achieve an initial Mineral Resource Estimate at Tenoriba, considering drill hole locations and costs to determine the most optimal sequencing-phasing of drilling to optimize investment as Mammoth moves towards defining this initial Mineral Resource.

“We look forward to reporting on additional metallurgical testing, drill layout utilizing this Drill Hole Spacing Analysis as a guide, the drill program budget and sharing the team’s determination of an Exploration Target, utilizing estimates derived from historical drilling, which we’re confident will illustrate the potential for a compelling return on investment for the next stages of development at Tenoriba.”

Drill Hole Spacing Analysis:

Mammoth Resources Corp. requested that P&E provide a DHSA of the Tenoriba Project in order to define the drill spacing required for an Inferred Mineral Resource.

Data was supplied electronically in the form of Excel spreadsheets, ASCII text files and pdf files. The supplied drill hole database contains collar, survey, assay, Iron Oxide and Silica tables. Lithological data are included in the assay table. In addition, topographic data and a series of interpreted cross-sections were provided. Also available is a 2021 technical report, a corporate presentation dated November 11, 2021, and an internal drilling report dated January 16, 2021.

Industry standard validation checks were carried out on the client-supplied database. The database was validated by checking for inconsistencies in naming conventions or analytical units, duplicate entries, interval, length or distance values less than or equal to zero, blank or zero-value assay results, out-of-sequence intervals, intervals or distances greater than the reported drill hole length. A few issues were identified with the database and corrected by Mammoth.

As a test of the geological continuity, a simplified geological model was generated based on drill hole logging only and checked against the supplied interpreted cross-sections. The resulting simplified model suggests a reasonably continuous geology, with the exception of the more complex porphyritic dacite composition breccia/block and ash flow unit.

Based on the client-supplied data the recommended drill hole spacing for an Inferred Mineral Resource at Tenoriba is as follows:



El Moreno: 80 metres

Masuparia: 40 metres

Los Carneritos: 80 metres

Mammoth has posted to its website (“Projects”, “Technical Reports” section) both the DHSA report produced by P&E and an internal report which summarizes the recently announced results on metallurgical testing of samples collected in the Carneritos area at Tenoriba (refer to press release dated November 9, 2023).

In other news, the Company would like to report that Sandra Evans, CFO of Mammoth has left the Company. The role of CFO will be assumed, on an interim basis by Thomas Atkins, President and CEO of Mammoth, supported by the Company Audit Committee and guided by an independent Professional Accountant.

Quality Assurance and Quality Control (QA/QC):


All data provided for this drill spacing study followed QA/QC controls as outlined on the Mammoth Resources website, “News”, press releases spanning the period November 18, 2021 to December 15, 2022.

Qualified Person(s)/Competent Person(s) (QP/QC):


The DHSA was performed by Fred Brown, M.Sc., P.Geo., RM-SME of P&E Mining Consultants Inc., a professional geologist with over 30 years experience in operational management, feasibility studies, due diligence audits, mine evaluation, exploration, proficient with multiple software platforms, geological information systems, spatial analysis and deposit modeling of mineral resources in alluvial, open-pit and underground operations throughout the world. By virtue of his education and years of geological experience, Mr. Brown is a QP/CP regarding gold, silver, platinum group element, base metals, molybdenum, diamonds, industrial minerals and other commodities and has authored numerous National Instrument 43-101 and SK-1300 Technical Reports as a Qualified Person.

The DHSA performed by Mr. Brown was reviewed by Eugene Puritch, P.Eng., FEC, CET, President of P-E Mining Consultants Inc., a professional mining engineer licenced in five Canadian provinces with 40 years experience in engineering and operations of open-pit and underground mines throughout the world. Mr. Puritch specializes in geological modeling and mine design and has extensive experience in the use of Gemcom, Whittle, and AutoCad software packages applied to gold, silver, base metal, platinum group element and iron deposits. By virtue of his education and years of engineering experience, Mr. Puritch is a QP/CP regarding gold, silver, base metal, platinum group element and iron deposits and has co-authored more than 400 NI 43-101 technical reports as a Qualified Person.

Richard Simpson, P.Geo., Vice-President Exploration for Mammoth Resources Corp. is Mammoth's QP/QC under National Instrument 43-101 by virtue of his professional designation, university degree and years of work experience as a geologist and is responsible for and has reviewed all technical data in this release (refer to Mammoth’s website “Projects”, “Qualified Person” section for Mr. Simpson’s qualifications).

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at: www.mammothresources.ca., or contact Thomas Atkins, President and CEO at: 416 509-4326.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing Mineral Resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

Figure 1 - Drill Hole Collar Locations, Tenoriba Property Drilling


Click Image To View Full Size

Figure 2 - Location Map, Tenoriba Property Drilling


Click Image To View Full Size

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Heliostar Metals Announces Updated Mineral Resource Estimate for the Ana Paula Project, Mexico

Highlights of the Mineral Resource Estimate:

Total measured and indicated mineral resources of 710,920 gold ounces grading 6.60 g/t gold

Total inferred mineral resources of 447,512 gold ounces grading 4.24 g/t gold

Mineral resource estimation cutoff grade of 2.5g/t gold. Increased from previous estimate

A connected zone of greater than 200,000 gold ounces grading greater than 10 g/t gold within the measured resource in the High Grade Panel that can be targeted in the initial years of mining

58% increase in measured and 30% increase in indicated gold grade relative to the previous resource estimate at same 2.5 g/t cutoff grades

Key Statistics:

Tighter spaced drilling has led to resource grade growth which is a positive indication for additional grade increases during conversion of the inferred resources to higher classifications

Increase in Inferred ounces is due to stricter estimation with a view to underground mining

The High Grade Panel at core of the resource is 280m long, 100m high and 60m thick

All-in discovery cost of US$16 per new gold ounce, inclusive of all exploration and project costs

https://www.newsfilecorp.com/release/188669

Vancouver, British Columbia--(Newsfile Corp. - November 27, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1)

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VIZSLA SILVER REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS ON THE COPALA AND COPALA 2 STRUCTURES

https://www.newswire.ca/news-releases/vizsla-silver-reports-additional-high-grade-intercepts-on-the-copala-and-copala-2-structures-815056232.html

Vizsla Silver Corp. 27 Nov, 2023, 08:00 ET


VANCOUVER, BC, Nov. 27, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3

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Guanajuato Silver Initiates Processing of Mineralized Material from El Horcon Mine

https://www.accesswire.com/810125/guanajuato-silver-initiates-processing-of-mineralized-material-from-el-horcon-mine

Monday, 27 November 2023 07:55

VANCOUVER, BC / ACCESSWIRE / November 27, 2023 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF)

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Guanajuato Silver Reports Q3 2023 Financial and Operating Results

https://www.accesswire.com/809725/guanajuato-silver-reports-q3-2023-financial-and-operating-results

Friday, 24 November 2023 07:15

VANCOUVER, BC / ACCESSWIRE / November 24, 2023 / Guanajuato Silver Company Ltd. (the " Company " or " GSilver ") ( TSXV:GSVR)(OTCQX:GSVRF

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Endeavour Silver Continues to Intersect High-Grade Silver-Gold Mineralization at the Bolañitos Operation

https://ca.finance.yahoo.com/news/endeavour-silver-continues-intersect-high-115000338.html

Endeavour Silver Corporation
Mon, November 27, 2023 at 3:50 a.m. PST·8 min read

EXK
+1.36%

VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK)

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Luca Mining Announces Significant Performance Gains at Campo Morado, and AGM Results

https://www.prnewswire.com/news-releases/luca-mining-announces-significant-performance-gains-at-campo-morado-and-agm-results-301993757.html

Luca Mining Corp. 20 Nov, 2023, 11:16 ET

VANCOUVER, BC, Nov. 20, 2023 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce excellent results from its optimization program at the Company's wholly owned Campo Morado polymetallic mine in Guerrero, Mexico. The program designed in cooperation with consulting metallurgical engineers, Ausenco, has yielded substantial increases in both recoveries and grades of the copper, zinc, and lead concentrates. These positive test results were achieved both in the laboratory and in the plant at Campo Morado.

Highlights

A bulk concentrate is being produced with greater than 70% copper recovery (compared to a historical range between 35- and 40%). The concentrate produced contained greater than 14-16% copper (compared to historical values near 11%).
Overall zinc recovery is expected to increase from 76% to 86% and the final concentrate grade increases from 46% to 56% zinc over the next 12 months.
The Company expects the optimization program to result in a revenue increase of at least 40% with only very modest capital expenditures.

Ausenco Test Work and Plant Trials

The site historically produces zinc and bulk copper-lead concentrates, but the ultimate goal of the optimisation program is to generate clean zinc, copper, and lead concentrates, adding considerable value to the operation.

Optimisation of primary grinding and implementing an effective mine-to-mill program, has enabled downstream improvements in flotation performance.

Ausenco have conducted a range of laboratory testing, initially of zinc circuit feed samples, to study the potential for improved zinc circuit stage recoveries. With a series of changes to reagents and other operational parameters in flotation in the plant, overall zinc recovery increased from 75% to 82% and the final concentrate grade from 45% to 51% zinc.

For the bulk circuit, a trial was conducted using laboratory reagent conditions with average plant feed grades of 0.80% copper and 0.65% lead. A bulk concentrate was produced with greater than70% copper recovery (compared to a historical range between 35 and40%). The concentrate produced contained between14 and16% copper (compared to historical values near 11%).

Additional test work is being conducted at the ALS laboratories in Canada, focusing on the copper-lead separation, with the expectation that this will lead to a reconfiguration of the process flowsheet to produce clean and higher-grade copper and lead concentrates, further improving revenues. This test work will be completed by the end of Q1 2024.

Mine-to-Mill Program, and Blending

The operation is implementing an effective Mine-to-Mill program, integrating geology, mining, and processing functions. This is coupled with metallurgical test work of ore from future mining areas to improve short- and long-range planning. A vital element of improved plant performance is the blending of ores to create a consistent plant feed, and recent operations have confirmed these benefits.

Mike Struthers, CEO, commented: "With the work done in recent months by our colleagues at Ausenco we now have, for the first time in the history of this operation, an understanding of how to correctly operate Campo Morado to maximise profitability. The execution of a new mine-to-mill program, an effective blending strategy, and multiple initiatives in the processing plant, will translate into major improvements to the bottom line at the operation. We are very grateful for the substantial support provided by the Ausenco engineers. I look forward to providing updates on this initiative in the coming weeks and months."

AGM Results

Luca Mining Corp. (the "Company" or "Luca") is pleased to announce that at its 2023 Annual General Meeting held on October 30, 2023, shareholders approved all resolutions put to the meeting as listed below:

Fixing the number of directors for the ensuing year at eight (8).
The election of Mike Struthers (CEO), David Rhodes (Chairman of the Board), Ralph Shearing, Roberto Guzman Garcia, Ruben Alvidrez Ortega, Phil Brumit, Neil O'Brien, and Rory S. Godinho as Directors of the Company.
The Company's 2023 Omnibus Equity Incentive Plan.
The appointment of Grant Thornton LLP as the Company's auditors for the ensuing year.

Board Committees

Following the Annual General Meeting the Company has reconstituted its Audit, Compensation & Nomination, Corporate Governance and Technical & HSEC Committees as follows:

Audit Committee - David Rhodes (Chair), Phil Brumit, and Ruben Alvidrez Ortega.
Compensation and Nomination Committee – David Rhodes (Chair), Rory Godinho and Ruben Alvidrez Ortega.
Corporate Governance Committee – Rory Godinho (Chair), David Rhodes and Neil O'Brien.
Technical & HSEC Committee – Phil Brumit (Chair), Mike Struthers, Neil O'Brien and Ralph Shearing

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 a new underground gold mine in northwestern Durango State, Mexico, located within the prolific Sierra Madre Mineral Belt which hosts numerous producing and historic mines along its trend. Currently in the final stages of construction to the nameplate capacity of 1,000 tonnes per day, 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 production of 40,000 ounces gold-equivalent per year, with approximately 75% of the revenues from precious metals, and a 10-year mine life

The Campo Morado Mine, located in Guerrero State, Mexico, is an operating underground base and precious metals mine with a throughput of approximately 600,000 tonnes per year, producing zinc, copper, and lead concentrates with significant precious metals credits.

Qualified Persons

The technical information contained in this News Release has been reviewed by Mr. Chris Richings, P.Eng. (EGBC) Vice-President Technical at Luca Mining a Qualified Person for the Company as defined in National Instrument 43-101, and Mr. Richard Whitering, Principal Consulting Metallurgist with Ausenco.

Visit:

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.

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Kootenay Silver Drills 1,142 gpt Silver Over 2.37 Meters Within 510 gpt over 9.67 Meters at Columba High Grade Silver Project

https://www.prnewswire.com/news-releases/kootenay-silver-drills-1-142-gpt-silver-over-2-37-meters-within-510-gpt-over-9-67-meters-at-columba-high-grade-silver-project-301995543.html

Kootenay Silver Inc. 22 Nov, 2023, 08:00 ET

VANCOUVER, BC, Nov. 22, 2023 /PRNewswire/ - Kootenay Silver Inc. (TSXV: KTN)

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Coeur Announces Agreement to Acquire Concessions Near the Palmarejo Mine from Fresnillo

https://ca.finance.yahoo.com/news/coeur-announces-agreement-acquire-concessions-120000136.html

Mon, November 20, 2023 at 4:00 a.m. PST

CDE
+6.64%

Transaction rationalizes land package to the East of existing operations and unlocks significant near-term and longer-term resource potential

CHICAGO, November 20, 2023--(BUSINESS WIRE)--Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that its subsidiary, Coeur Mexicana, S.A. de C.V., has signed a purchase agreement with a subsidiary of Fresnillo plc ("Fresnillo") to acquire mining concessions adjacent to the Palmarejo gold-silver complex located in the state of Chihuahua, Mexico. Total consideration includes a cash payment of approximately $25 million ($10 million due at closing, which is expected to occur sometime in 2024) and a future royalty on certain ounces discovered on the purchased concessions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231120902019/en/



(Graphic: Business Wire)

Together, the concessions comprise nearly 7,000 acres and include claims adjacent to two primary zones within Palmarejo’s existing footprint as shown in yellow on the map below. The first set of concessions cover the southeast extensions of the Independencia and Nacion deposits where mining currently takes place. The second set of concessions, located to the northeast, surrounds multiple targets containing mineralization and historic resources that were added through the 2015 acquisition of Paramount Gold and Silver. Intensive field work including mapping and sampling across the entire Eastern land package, which was ramped up over the past twelve months and has shown very encouraging results, is expected to accelerate further following closing to test the most advanced targets along these two main trends.

"This transaction fills in two key strategic gaps in the large land package East of the Palmarejo mine which unlocks significant potential in areas unencumbered by the existing Franco-Nevada gold stream. Once complete, our land holdings outside the gold stream-encumbered areas will increase by nearly 20% and the overall Palmarejo complex will consist of a single nearly contiguous district spanning over 70,000 acres of highly prospective and underexplored ground in the heart of the prolific Sierra Madre Occidental," said Mitchell J. Krebs, Coeur President and Chief Executive Officer. "In the near-term, we intend to pursue the southeast extensions of existing deposits that trend onto the claims, which provides opportunities to add to Palmarejo’s mine life and leverage existing infrastructure. Another near-term post-closing priority will be to integrate, update and potentially add to historic resources in the northeast area of the previously fragmented land package, which represents an opportunity to further boost Palmarejo’s overall mineral resources to the East."

The terms of the transaction include an up-front cash payment to Fresnillo of $10 million payable upon closing, an additional $10 million payable 12 months after closing, and an additional $5 million payable 24 months after closing. The concessions will be subject to a royalty payment of $25 per ounce1 for each new gold-equivalent ("AuEq") ounce of resource discovered between 450,000 and two million AuEq ounces. Closing is subject to applicable regulatory approvals in Mexico.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip silver-zinc-lead exploration project in British Columbia.

Cautionary Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding the proposed acquisition of mineral properties and the expected effects of the acquisition including the resulting exploration potential in the Palmarejo complex and impacts to mineral resources. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated benefits of the proposed acquisition are not realized, the risk that the closing of the proposed acquisition will not occur due to failure to obtain required approvals or otherwise, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically-related conditions), changes in the market prices of gold and silver and a sustained lower price or higher treatment and refining charge environment, the uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays, changes in mining laws, ground conditions and, grade and recovery variability, any future labor disputes or work stoppages (involving the Company and its subsidiaries or third parties), the uncertainties inherent in the estimation of mineral reserves and resources, changes that could result from Coeur’s future acquisition of new mining properties or businesses, the loss of access or insolvency of any third-party refiner or smelter to which Coeur markets its production, the potential effects of the COVID-19 pandemic, including impacts to the availability of our workforce, continued access to financing sources, government orders that may require temporary suspension of operations at one or more of our sites and effects on our suppliers or the refiners and smelters to whom the Company markets its production and on the communities where we operate, the effects of environmental and other governmental regulations and government shut-downs, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities. This does not constitute an offer of any securities for sale.

Notes

Subject to an annual inflationary adjustment.

Source: Coeur Mining

View source version on businesswire.com: https://www.businesswire.com/news/home/20231120902019/en/

Contacts

For Additional Information
Coeur Mining, Inc.
200 S. Wacker Drive, Suite 2100
Chicago, Illinois 60606
Attention: Jeff Wilhoit, Director, Investor Relations
Phone: [phone]
www.coeur.com

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Golden Minerals Begins Producing Gold-Bearing Pyrite Concentrate at Velardeña

https://ca.finance.yahoo.com/news/golden-minerals-begins-producing-gold-114500108.html

Business Wire
Tue, November 21, 2023 at 3:45 a.m. PST·3 min read

AUMN
+4.97%

GOLDEN, Colo., November 21, 2023--(BUSINESS WIRE)--Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") (NYSE-A: AUMN and TSX: AUMN) is pleased to announce it has begun producing gold-bearing pyrite flotation concentrate from its Velardeña Properties in Durango State, Mexico.

The Company is processing material that has been stockpiled at Velardeña since the mines last operated in 2015. The material was only partially processed during past operations and a gold and silver bearing pyrite concentrate has not previously been separated from the material. During periods of past operations, concentrate sales terms were uneconomic for the gold-bearing pyrite concentrate that comes from Velardeña. However, recent and notably more favorable market terms offered for these concentrates mean Velardeña’s gold pyrite/arsenopyrite concentrates are now economic to process and sell (see the Company’s press release dated April 4, 2023: Golden Minerals Announces Improved Terms for Velardeña Gold-Pyrite Concentrate).

The Company began processing last week and estimates its first shipment of concentrates will take place this week. The Company plans to continue processing this previously stockpiled material until sufficient newly-mined material from Velardeña is available for processing at full capacity, which is anticipated to occur within the next several months. The Company plans to start mining at Velardeña in December. The mining contractor is mobilizing now and will be on site the first week of December.

About Golden Minerals

Golden Minerals is a gold and silver mining company based in Golden, Colorado. The Company is primarily focused on resuming production at its Velardeña Properties and advancing its Yoquivo property in Mexico, and, through partner-funded exploration, advancing its El Quevar silver property in Argentina. The Company is also focused on acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

Forward-Looking Statements

This press 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, and applicable Canadian securities legislation, such as statements regarding the Velardeña Properties, including the timing of the first shipment of gold and silver bearing pyrite concentrates, plans to continue processing previously stockpiled material, the timing in which sufficient newly-mined material for processing at full capacity will be available and plans to start mining at the properties in December. These statements are subject to risks and uncertainties, including increases in costs and declines in general economic conditions; changes in current payable terms for gold and silver bearing pyrite concentrates; changes in political conditions, in tax, royalty, environmental and other laws in Mexico and other market conditions; unanticipated variations in grade; challenges associated with our proposed mining plans, including difficulties in controlling grade dilution and interruptions in mining; and variations in the anticipated costs to restart Velardeña, Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the Securities & Exchange Commission by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

Follow us at www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals.

For additional information, please visit http://www.goldenminerals.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231121290444/en/

Contacts

Golden Minerals Company
Karen Winkler, Director of Investor Relations
[phone]

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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. [phone] 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.

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IMPACT Silver Announces Q3 2023 Results with Revenue Up 26% and Positive Operating Income

https://www.newsfilecorp.com/release/188228

Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") announces its financial and operating results for the third quarter and nine months ended September 30, 2023. The Company reports revenue of $4.8 million in Q3 2023, representing a 26% increase over revenue of $3.8 million in Q3 2022. The improvement in revenue is due to higher silver prices as well as increased gold and lead sales in the period compared to last year. Mine operating income (before amortization and depletion) in Q3 2023 was $0.01 million compared to a loss of $0.1 million in Q3 2022. The net loss in Q3 2023 was $1.5 million compared to a net loss of $1.2 million in Q3 2022 and includes significant G&A costs associated with the successful integration of the new Plomosas mine acquisition, which came online subsequent to quarter-end.

Q3 2023 and YTD Highlights:

The Company completed the final rehabilitation stages during the quarter to bring the Plomosas high-grade zinc mine back online subsequent to quarter-end.
After investing $3.8 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end at $8.9 million with working capital of $8.7 million.
YTD the Company has invested $7.3 million in exploration and mining assets of which $4.9 million was spent at Plomosas toward start up of operations.
The Company continues to have no long-term debt.

"Despite a challenging market, we are pleased with the performance of the Company in 2023. We have countered stagnant and declining commodity prices by substantially increasing our gold production while recently bringing online the transformative high-grade Plomosas zinc mine that will meaningfully diversify revenue and contribute to profitability as production continues to ramp up. With an eye on cost controls amidst a difficult inflationary environment coupled with a strong Mexican Peso, we continue to invest in exploration to improve silver grades at Zacualpan while aiming to grow our zinc resources and output at Plomosas," said Fred Davidson, President & CEO.

Zacualpan Silver District

The third quarter is typically a seasonally rainy period in the area leading to unpredictable production. In Q3 2023, mill throughput declined to 37,178 tonnes compared to 39,816 tonnes in Q3 2022. Despite this, revenue per tonne sold in Q3 2023 increased by 29% to $129.46 from $99.98 in Q3 2022. On a year-to-date basis, silver, lead and gold production have increased by 1%, 37% and 213%, respectively, while the average silver mill head grade was roughly flat at 160 g/t compared to 162 g/t in the same period of 2022.

The Company continued to focus on exploration and development of this mining district in Q3 2023 and spent $0.9 million on these programs.

Direct costs per tonne increased by 23% in Q3 2023 to $128.75 compared to $104.45 in the same period last year. Much of this increase is due to foreign exchange pressures stemming from the strength of the Mexican Peso, as well as ongoing inflation across the operation. Management has started to see some moderation of these negative effects late in the third quarter. As well, wetter than usual conditions during this rainy season led to higher transportation and processing costs.

Ongoing economic uncertainty and risk premiums have increased due to higher, sustained interest rates as well as growing geopolitical crises in Eastern Europe and the Middle East, resulting in a flight to safety to the US Dollar and selling pressure on commodities and other hard assets. While there are some expectations that interest rates have started to peak, investors remain risk-averse for the time being. Management has implemented strict cost controls but continues to invest in the operation, specifically through its ongoing exploration activities.

Plomosas High-Grade Zinc Mine

During the third quarter, the Company completed the finals steps to bring back online the 200 tpd Plomosas high-grade zinc mine in northern Mexico and subsequent to quarter-end, the mine successfully restarted production following a one-year hiatus (see IMPACT news release dated October 23, 2023). Plomosas adds significant and high-grade metal diversification through its zinc (-lead-silver) deposit as well as exciting exploration opportunities across the property's under explored area.

Exploration potential at Plomosas is exceptional with only 600m of the 6-kilometre-long structure assessed plus other exploration targets including untested copper-gold targets. Regionally, Plomosas lies in the same mineral belt as some of the largest CRD (carbon replacement deposits) in the world.

The Company currently has an offtake partner for material produced at Plomosas and has received several expressions of interest from other parties wishing to buy concentrate. As zinc prices continue to recover, management is considering expanding production beyond the current design capacity of 200 tpd.

Outlook

The Company's rehabilitation efforts at the Plomosas high-grade zinc mine, combined with the legacy silver producing assets at Zacualpan will provide substantial cash flow diversification and potential going forward. Management expects production to ramp up in early 2024 at Plomosas at a time when zinc prices have started to rebound due to reduced global supply levels stemming from the closure of higher cost, lower grade mines as well as other events impacting new supply. Meanwhile, some recent moderation in the Mexican Peso and indications of peaking inflation could bode well for margins going forward.

IMPACT maintains a strong balance sheet allowing for continued exploration at both mining districts. The Company has the potential to meaningfully add to production and resources at Plomosas which should lead to ongoing improvement in revenues and add shareholder value while management expects cost pressures to continue to abate heading into 2024.

The Company's growth is expected to reflect its strong position as one of just a handful of intermediate miners offering investors exposure to three distinct verticals across the silver and zinc mining sector, including exploration, production, and growth.

A recorded conference call reviewing the financial and production results of the quarter ended September 30, 2023 will be available on the Company website on November 23, 2023 at www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) 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 and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. 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 $256 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company re-commenced operations and has plans for expansion in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having 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 on the Company website at http://www.impactsilver.com/. Follow us on Twitter @IMPACT_Silver and LinkedIn at 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
[phone] or [e-mail]
[phone] 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.

Footnotes:
1. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedarplus.ca.

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 regarding the potential for defining and extending the known mineralization at Plomosas, and plans for drilling and future operations at 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.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

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Silver Storm Drills 436 g/t Ag.Eq over 4.5 m Approximately 97 m Under Last Stope in Norte-Sur Zone

https://www.newsfilecorp.com/release/188165

Toronto, Ontario--(Newsfile Corp. - November 21, 2023) - Silver Storm Mining Ltd. (TSXV: SVRS) (OTCQB: SVRSF) (FSE: SVR)

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Aztec Completes Initial 7 Holes Expanding the Gold Mineralization Footprint at the Cervantes Project, Sonora, Mexico

https://www.accesswire.com/807404/aztec-completes-initial-7-holes-expanding-the-gold-mineralization-footprint-at-the-cervantes-project-sonora-mexico

Tuesday, 21 November 2023 07:30

VANCOUVER, BC / ACCESSWIRE / November 21, 2023 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) announces that the first 7 holes totaling 963.2 meters (m) of the proposed 1,650m, 11-hole reverse circulation "RC" drilling program have been completed at its 100% owned Cervantes project in Sonora, Mexico. RC chip logging of the 7 holes indicate favorable geology to support potential expansion of the gold zone mineralization in the vicinities of the area previously drilled (Figure 1.). The initial 7 holes were drilled on the primary California gold zone target with step out drilling focused on expanding the zone to the north, west and south of previous drilling where Aztec had discovered extensive shallow, wide oxide gold mineralization (previously drilled intercepts of up to 1.5gpt gold over 137m and 1.0 gpt gold over 165m). Drill samples have been shipped to the Bureau Veritas Minerals Laboratory for geochemical analysis and initial results are expect in the next several weeks.

The visual logging of the RC chip samples from the initial 7 holes continues to show evidence of wide zones of strongly altered rocks with porphyry style A, B, and C veinlets, similar to previously drilled zones at the Cervantes Project.



View Figure 1: Cervantes California Target Expansion RC Drilling Program *

The gold mineralization is characterized by oxidized and unoxidized stockwork veinlets of A, B, and C types and disseminated sulfide sites, with silicification and phyllic alterations. Potassic alteration is present in places and is associated with mineralization as well. The company continues exploration on the potential step-out areas (Green Zone - Figure 1), to support future delineation of new drilling targets in the vicinities of the drilled area, aiming to define a much larger, potentially amenable to heap leaching, gold mineralized zone.

The seven holes were drilled in a general "grid pattern" used at the California target with general orientations of azimuth 250, inclined at 60-65 degrees as "step outs" to expand the California target. The California porphyry gold-copper mineralization is at, what is interpreted to be, the top of the porphyry system with diagnostic UST (unidirectional solidification textures) and abundant breeched blocks of metasediments in the intrusives. The mineralization is primarily hosted in two lithologic units, quartz-feldspar porphyry (Qfp) and hydrothermal breccias (Hbx) associated with it. There are also less favorable host rocks present including feldspar porphyry (Fp), metasediments (quartzites and hornfels - Ms), and mafic dikes (Md).

All seven drill holes completed in drilling to-date have intersected the mineralized Qfp and Hbx with silicification, phyllic and potassic alterations, pervasive oxidation and, at depth, sulfide mineralization. The longest intersection to date in the current drilling program has mineralized Qfp-Hbx over 180 meters in length and was in CAL23-37.

The ongoing drill program is focused on expanding the California gold zone oxide mineralization, which remains open laterally in every direction. The California zone porphyry target now has a footprint of over 1 km x 1km exposed to date. 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 enhanced the interpretation for exploration targets to potentially expand the gold mineralization at the primary California target zone of the property. The mapping confirmed previous drilling the presence of phyllic and potassic alteration zones and their being key to metallization. The project is currently permitted for an additional 17 drillholes locations for a second stage of the drilling to be designed subject to the results of the initial stage of RC drilling currently underway.

The primary objectives of currently underway and planned 2024 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.

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

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 of 0.215% Cu over 69.9 m.

California North - coincident IP chargeability and gold-copper-molybdenum soil geochemical anomalies with demonstrated gold - copper mineralization by RC drilling, it is a northern 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

* Note: Grade-Thickness in meters-grams/tonne means the result of multiplying a drill hole intercept length, measured in meters, by the grade of the gold values in the intercept, the resulting compiled number is measured in grams/tonne. Grade thickness is not to be construed as gross metal value nor as a resource estimation. The California target does not have a current, compliant resource estimation at this point.

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: [phone]
Fax: [phone]
Email: [e-mail]
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.

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Radius Gold Provides Final Results for Drilling at Tropico Project

https://thenewswire.com/press-releases/1k1vFdyrv-radius-gold-provides-final-results-for-drilling-at-tropico-project.html

Vancouver, British Columbia – TheNewswire – November 20, 2023 - Radius Gold Inc. (TSXV:RDU

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Prime Mining Reports Third Quarter 2023 Financial and Operating Results

https://ca.finance.yahoo.com/news/prime-mining-reports-third-quarter-025000642.html

Prime Mining Corp.
Tue, November 14, 2023 at 6:50 p.m. PST

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Starcore Announces Second Quarter Production Results

https://www.newsfilecorp.com/release/187414

Vancouver, British Columbia--(Newsfile Corp. - November 14, 2023) - Starcore International Mines Ltd. (TSX: SAM)