Month: May 2017

Commenting on the PFS, Chief Executive Officer Greg McCunn said, “The Ana Paula Project has been significantly de-risked over the past six months with infill drilling now supporting a robust Mineral Resource Estimate, metallurgical test work defining an improved process design, capital and operating costs estimated to a high standard and our Environmental Impact Assessment approved by the regulators. The PFS has confirmed the project economics are very robust and we expect to continue moving the project forward to an investment decision in Q2 2018.”

Brian Robertson, Chairman, President and CEO stated, “We are very pleased to own a 100% interest in these two concessions. I wish to thank Mr. Farias for his strong support during the option period and willingness to renegotiate the option agreement on many occasions during difficult market conditions. We now look forward to advancing these properties, which contain historical mines with extensive workings, to the drill ready stage.”

Diamond Drill Hole LM-17-CS-04 Cuts 15.98 g/t Au Eq. over 2.0 Metres

Brian Robertson, P. Eng., Chairman, President & CEO stated, “We are excited about these recent additional drill results at the Cinco Senores target. The results combined with previous drilling and sampling as well as the presence of extensive historical mine workings at the site, are indicative of a potential parallel zone at Cinco Senores.”

Allan Barry Laboucan, President and CEO of Alset said: “We are making good progress towards an assessment of the potential of our salars in Mexico. Historic data indicates the presence of lithium and potassium (amongst others) in soils. The current drilling program will generate our own data regarding the composition of both brines and soils that exist in the salar and the potential to recover lithium (and potentially by-products such as potassium). Whilst the demand for lithium is well documented, the Company is very aware of the importance of fertilizer to Mexico, a country with a large farming industry comprised of mostly small farmers who cannot afford imported fertilizers. We are therefore very excited about the potential that a by-product from our lithium focus may become a domestic source of fertilizer chemicals. We are continuing to drill and will submit more samples for testing and look forward to reporting these results as we receive them.”

States Kootenay President and CEO James McDonald “We are very pleased to initiate our next drill and resource expansion program at La Cigarra. We believe that results from past drilling in this priority region of the property, combined with supporting data from recent exploration, clearly underscores La Cigarra’s immense potential for further resource expansion in 2017 and we look forward to exploiting that opportunity.”

Levon is pleased to announce the startup of the 5,000 m core drilling campaign at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hildalgo Del Parral, Chihuahua, Mexico, previously announced by the Company on April 4, 2017. 200 m core holes are planned to infill drill a central part of the 2014 resource to explore for improved near surface resource grades. The holes are being drilled in the Cordero Felsic Dome Complex (central) portion of the resource that spans four host igneous intrusive centers. If the drilling is successful, results can improve the projected economics of a starter open pit being evaluated by Independent Mining Consultants, Tucson, Arizona.