Radius's high-grade gold-silver Amalia Project is located in Chihuahua, Mexico. A nine hole, 1909m diamond drill program has been completed by Radius and funded by Pan American Silver under a joint venture agreement. Four different target zones (Campamento, Guadalupe, San Pedro and Dulces) were tested across a strike length of 1.8km following the trace of a large regional fault and associated surficial epithermal gold and silver mineralization. Mineralized intervals from each hole have been sampled and submitted for analysis. Results are pending and will be reported once complete.
The initial results from this first phase of drilling at Cerro Caliche support the veracity of drilling conducted by prior operators within the project area and most notably the work done by Corex, said Kenneth MacLeod, President and CEO of Sonoro. The drilling has further confirmed that mineralization in the Los Japoneses zone remains open in all directions, including at depth.
ALORO MINING CORP. is pleased to announce that it has mobilized a D8 bulldozer to the Los Venados property for road construction and building of drill pads. The bulldozer was expedited from Hermosillo, Sonora to Mulatos, Sonora this morning and will arrive later today.
Taj Singh, P.Eng, President and CEO, stated, "Initial results from our Monclova mapping and sampling program were very encouraging and showed strong and consistent grades at several targets. The Real Viejo target specifically, hosts robust Ag-Pb-Zn grades and has been traced at surface as a 1,500m long by 2-10m thick mineralized and altered zone at the limestone-intrusive contact. The current geophysical survey is the first-ever modern approach to the evaluation of mineralization at the Project and will assist our drill planning process. We estimate commencement of our Phase 1 drilling program at Monclova in Q1 2019."
Tamino Minerals is actively working with its geologists to start the exploration program on 2 of our Mining Exploration Projects. The programs are expected to begin during Q3 2018 and last approximately 6 months. The Exploration Program will include Geological Mapping, Trenching, Soil Geochemistry, IP Survey and ultimately drilling. The company will also make sure roads are improved and the creation of local jobs to support the local economy. The company will provide updates throughout the exploration of both projects. Tamino Minerals, Inc. is a Montreal-based mining exploration company committed to deliver value to its shareholders by acquiring, developing and mining precious metals deposits in Mexico.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: Now that we have a handle on the size potential, we need to get a better understanding of the system with a view to locating the precious metal horizon. To date, we have hit anomalous to high-grade gold, and there was historical mining of silver by Penoles in the oxide zone of the Tabasquena vein. It is typical for precious metals to base metal zonation in these systems."
Antonio Berlanga, CEO, states Telson has now received its second Trafigura loan funding tranche in the amount of US $5 million, which funds when combined with our recently closed C$6.8 million private placement funding, exceeds US$10 million. We are now almost fully funded to complete the mine construction at Tahuehueto and are targeting a mine start-up during Q1 2019.An additional US $2.5 million third tranche is available under the Offtake Loan Agreement should additional funding be required however, we anticipate that pre-production concentrate sales proceeds will forego the need for Telson to draw down that third tranche.We would like to thank Trafigura for its continuing support and look forward to providing shareholders construction updates in the coming months."