Month: December 2016

Millrock Resources Inc. announces that it has completed an initial drilling program at its Los Chinos gold project in Sonora State, Mexico. The project is the subject of a previously-announced option to joint venture agreement with Centerra Gold Inc. Under the option agreement, Centerra can earn a 70% interest by funding US$5.0 million in exploration expenditures over a five year period. Millrock manages the exploration work in close consultation with Centerra.

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 the County of Sinaloa de Leyva, State of Sinaloa, México, is reporting the delivery for sale, on December 6, 2016, of an approximate 600 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

La Secretaría del Trabajo y Previsión Social (STPS) otorgó a Minas de Oro Nacional- Alamos Gold el Distintivo “Empresa Familiarmente Responsable” por implementar y promover políticas laborales que contribuyen a que los trabajadores se desarrollen de manera integral, tanto en el trabajo como en su ámbito familiar y de manera profesional, mismo que fue recibido por la Lic. Dora Ríos Campa, en representación del Gerente General de Minas de Oro Nacional, Ing. Héctor Araiza Martínez.

Allan Barry Laboucan, President and CEO of Alset stated: “We have just started the first phase in testing the chemical composition of our salars and our team is delighted with the results. In addition to the encouraging lithium results the potassium grades are encouraging as well. Currently Mexico imports all of its potassium and a domestic source would not only be a cost saver for Mexico but would create job opportunities in a crucial commodity for the farming sector. Furthermore, the silver results suggest there may be potential for precious metals as well and further work is required to assess this potential. We are still in the very early stages of assessing the realistic potential of the projects. I’m excited about these results and look forward to the upcoming leach tests on these samples prior to follow-up drilling at several of the salars in the early part of 2017.”

Kootenay Silver Inc. is pleased to report 6 additional core drill holes have been completed and submitted for assaying, with the core drill rig collared on the 7th hole within the La Soledad Zone, located approximately 1,000 meters south of the Company’s established La Cigarra silver resource in Chihuahua State, Mexico.

Riverside’s President and CEO, John-Mark Staude stated, “Riverside is pleased to advance the Clemente Project with a reputable group that has a track record of making discoveries in Mexico including La Preciosa with Orko Silver Corp. and Coneto and Sandra Escobar with Orex Minerals Inc. The Clemente area of Sonora has good surface access, is readily workable year-round, and is in close proximity to open pit gold mines in Sonora. Initial partner-funded exploration is anticipated to commence in the first half of 2017 and we look forward to potential drilling at Clemente in the near future.”

MX Gold Corp. announces that, further to its news release dated October 25, 2016 regarding the entry into a binding agreement to acquire a 50% interest in the Magistral, Del Oro tailings project, the Company paid the second installment of US$750,000 to the owner of the Project as required by the Agreement. Pursuant to an amendment agreement dated November 22, 2016, the parties have also expressed their intention to negotiate in good faith and enter into a definitive agreement in the near future.

Mike England, president of Alix, stated: “We are very pleased with the continuing progress on the Agua Fria clay discovery, and continue to expand and refine targets. Along with our funding partner, Lithium Australia, we are looking forward to our maiden drill program on Li-rich targets in the first quarter 2017. The objective is to discover lithium-rich clay layers similar in grade to that of the Bacanora/REM La Ventana deposit.”