Day: March 20, 2017

Managing Director Will Dix commented: The very high grade mineralisation that has been identified well to the south of the current resource at Carola South and also that at Tres Amigos North gives us further confidence that with drilling we can quickly grow the resource well beyond the current tonnage. We are working hard to fast-track this as it has clear implications for the scale of project to be considered in the scoping study and beyond. The study is progressing well and focussed heavily on the metallurgical testwork and process flow-sheet as we believe this is where we will be able to demonstrate significant gains in any future operation.

“Assay results from this recent drilling have returned some of the better silver and base metal grades on the project to date and continues to not only expand the dimension of the Blind Shoulder target but have also yielded further improvement in potential size, quality and scope of the Cerro Las Minitas project,” said Lawrence Page, Southern Silver’s President. “Our focus remains to establish this rapidly evolving district into one of the most significant economic polymetallic discoveries in our industry.”

Argonaut Gold Inc. is pleased to announce that it has completed a 22 hole reverse-circulation drill program totaling 5,139 metres at the La Colorada mine in Sonora, Mexico. The drilling was designed to test for the down dip extension of potential open pit mineralization at the El Creston deposit. The Company believes the results of the 2017 drill program, coupled with the results of 70 RC holes drilled during 2016 have the potential to expand the El Creston open pit beyond its current design.