Brian Robertson, President and CEO commented, These high grade drill results over significant widths continue to expand the mineral resource and increase the grade for the El Dorado/ Juan Bran zone. The expanded resource and higher grades will have a positive impact on an updated resource estimate. The discovery of the high- grade dike contact mineralization also provides a model for exploring additional dike contact zones that are known to exist on the property."
Galore Resources Inc. At the request of the Investment Industry Regulatory Organization of Canada, the Company wishes to clarify certain disclosures in its January 17, 2018 News Release. With respect to the announcement that it has entered into a 5-year contract with URBYASA to extract available gold at Galores 100% owned Duraznillo Ranch, which includes the Los Gemelos and Duende 7 claims.
Oceanus Resources Corporation is pleased to report the 2017 fall exploration program drill results at its wholly owned El Tigre Gold-Silver Property located in northern Sonora, Mexico. The fall 2017 program comprised 600 meters of diamond drilling to define the strike and dip of the high-grade Caleigh vein and the low-grade alteration zone in the hanging wall.
Cameron King, Vangold CEO states, "This historic Phase One drill program is the first step in quantifying our assets, providing real time grade and quantity of AuEq ounces attributed to the stockpile. The core samples will provide confirmation of El Pinguico's high grade historical production and support the earlier geological work, where trenching sample assays exceed in some areas, grades in the range of 15 g/t gold and 1,400 g/t silver. Upon completion of Phase One drilling, the core assays will significantly contribute with the 43-101 resource calculation and value of the UG stockpile."
"We are excited by the grades and widths returned by Hole 7", stated Stephen Maynard, VP Exploration of Minaurum. "As only the second hole ever drilled outside of the historic core of the district, it confirms our "piano-key" structural model and opens the door for drilling throughout the nearly untouched down-dropped blocks located on both sides of the up-thrown La Quintera-Promontorio block. With these results, we have now encountered significant mineralization in every target drilled in our initial drill program including; Minas Nuevas, Promontorio, Nueva Europa, Gap, and Europa-Guadalupe."