Day: October 19, 2016

“Although we are anxious to commence drilling at Pino de Plata, we are also pleased with the progress being made to prudently initiate serious exploration efforts while minimizing or eliminating any potential environmental and permitting liabilities in the future,” stated Dr. Brian Penney, Chairman. “We are taking proactive steps now to ensure that safe and efficient exploration and development programs can be conducted without interference or unanticipated regulatory delays.”

GoGold Resources Inc. is pleased to announce that it has uncovered additional zones of high grade gold on surface at the Greta project at its Santa Gertrudis Gold Mine located in Sonora state, Mexico. GoGold’s Trench 318 uncovered (18m of 32.8 g/t Au). The largest zone of a few areas consists of three subparallel zones of mineralization that dip about 20° to the west and has dimensions of 660 meters along the north-south strike and 370 meters down dip. This zone is approximately 12 meters thick and is tightly confined to a thin layer that gives the appearance of a bedding plane or a flat-lying structural zone. The zone is notable for a very high-grade gold layer from one to ten meters thick that outcrops on surface in numerous locations.

Canasil Resources Inc. is pleased to announce that Orex Minerals Inc. has reported that the Phase-III core drilling program at the Sandra-Escobar Project in Durango, Mexico, has been completed at hole SA-16-062. Results for holes SA-16-054 to SA-16-060, drilled in the Main and Cerro Chato Zones in the southeastern region of the project, are presented in the table below. Drilling for Phase-IV is planned to start in early November. The project is being advanced by Orex under an option agreement with Canasil announced on September 15, 2015.

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on October 13, 2016, of an approximate 500 oz. gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Orex’s President, Gary Cope says, “This is an active time for the exploration of the Sandra Escobar Project. We are encouraged by the early stage metallurgical tests and look forward to the initial resource estimate. A new phase of diamond drilling is being scheduled for November-December.”