GOLDCORP INC. today announced that the Company has entered an agreement with Orla Mining Limited pursuant to which it has agreed to sell its 100% interest in the Camino Rojo oxide project, located in Zacatecas, Mexico.
Radius Gold Inc. is pleased to announce that it has signed a binding agreement with a private individual to option the 380-hectare Amalia Project which is host to high grade epithermal silver-gold mineralization. The Project is located approximately 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua, Mexico. During due diligence evaluation Radius geologists sampled bonanza grade outcrop containing 20.4 g/t Au and 5360 g/t Ag from a 1.2m chip.
The drilling is part of a planned 6,900m program to test 3 of Prospero’s projects under the terms of the recent strategic investment from Fortuna Silver Mines Inc. Prospero is planning to drill four holes at Matorral project, followed by eight holes at its Petate project, and then by eight holes at Pachuca SE. This drilling program is under the terms of Prospero’s strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero’s website.
CEO Paul Sorbara says; Golden Goliath is extremely lucky that these important and expensive infrastructure improvements are being done at no cost to us. They lower the threshold needed for an economic project at San Timoteo. We look forward to a very successful drill program and expect the field work currently underway will generate even more good targets.
Kiran Patankar, Geologix’s President and Chief Executive Officer, commented: “We are delighted with the success of the Financing, which was strongly supported by both existing and new shareholders. Our technical team has recently completed field work that will be used in conjunction with ongoing data interpretation to evaluate geological and structural controls on porphyry gold and copper mineralization at Tepal and, importantly, test the high-grade potential immediately beneath the current South Zone pit. We look forward to providing ongoing updates on our exploration activities and refreshed corporate strategy in the coming months.”
Gold mineralization is confined to low angle quartz mantos (0.10 to 3.0m wide), which contain drag folds, evidence of shearing and are transected by steep faults associated with mineralized quartz veins A chip channel sample 0.93m wide returned 22.2 g/t gold. Where observed, the quartz mantos are generally oriented with a WNW-ENE strike and moderate dip to the north and are believed to be of orogenic origin.
Harvest Golds President and CEO Rick Mark states: As we promised our shareholders we are now beginning our Phase 1 exploration program at Cerro Cascaron. I am impressed with the technical teams attention to detail and their very specific objectives. We will provide regular updates as we prepare for a minimum 3,000 metre drill program at this highly prospective property the fall of 2017.
At the Meeting, all director nominees listed in the Companys management information circular dated May 11, 2017, were elected as directors of the Company.
MX Gold Corp. is pleased to announce that, further to its February 13th and April 28th news releases, the Company has paid the remaining amounts due totaling US$450,000 to American Metal Mining S.A. de C.V. as required under the Framework Agreement dated February 6, 2017, as amended, thereby acquiring 50% of the shares of Inversiones Durango San Luis S.A. de C.V., a private Mexican corporation, that holds the IDS Project. As stated in the April 28, 2017 news release, the IDS Project consists of a past producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith.
The agreements provide continuing access and use rights needed for the Samalayuca Copper Project as the Company is focused on a pilot mining startup.
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