Azure Minerals Limited is pleased to advise that drilling at the Companys Promontorio Project is scheduled to start next month following the identification of key exploration targets by Kennecott Exploration Mexico S.A. de C.V, which has an option to earn up to an 80% interest in the project.
Marlin Gold Mining Ltd. is pleased to announce its intention to commence a normal course issuer bid, subject to the approval of the TSX Venture Exchange. The Company intends to purchase, from time to time as it considers advisable over the 12-month period of the NCIB program, an aggregate of 2,000,000 common shares in the capital of the Company, representing approximately 1.73% of the Company’s issued and outstanding Common Shares and approximately 8.79% of the Company’s “public float”.
Orex’s President, Gary Cope says, “The high-grade silver and thick drilling intercepts continue across the target area. Still to come are the results for 11 more holes from the Phase-I drilling program. All of holes drilled to date have hit the strataform host rock unit. Results will be released over the next several weeks.”
Recent surface exploration work conducted by Northair included 15 channel and rock samples taken from veined faults traced over a distance of approximately 100 metres near the eastern margin of the La Colorada intrusive center. This work returned 125 g/t silver over a 1.5 metre channel width with 7 samples reporting values greater than 10 g/t silver. Additionally, 7 rock chip samples returned greater than 0.10 g/t gold, with 3 samples reporting over 1.0 g/t gold. The highest grade channel sample returned 6.92 g/t gold over a 1.5 metre width.
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