Month: June 2017

Gregory A. Beischer, President & CEO commented: “One of the senior members of Millrock’s Mexico exploration team is highly familiar with the San Francisco Gold Mine. In comparison to San Francisco, he reports many similarities in the rocks and structures exposed on the El Picacho project. This is the first designated project to come out of our Alliance with Centerra and we look forward to working on this project with them”.

“We are excited that the recently announced drill program has already returned one of the widest intercepts ever drilled at San Acacio. The results demonstrate that wide vein widths and high grades continue at depth and along strike at the San Acacio Silver Deposit. We look forward to releasing further results as drilling proceeds along the 1.2 km of historic workings as well as the newly defined Quartz-Pyrite Breccia target, all which have the potential to substantially increase the size of the current resource.” said Bruce Winfield, President and CEO of Defiance Silver Corp.

Brian Robertson, President and CEO stated, “This agreement, which secures Mexican Gold’s right to acquire ownership of these key core concessions, marks a major milestone for Mexican Gold. I wish to thank the property owners for their kind co-operation and unwavering support for Mexican Gold. We now look forward to the initial mineral resource estimate for the El Dorado/Juan Bran and Santa Cruz zones and the continuing advancement and development of this highly mineralized property.”

“We are very excited to partner with Harvest Gold on the Cerro Cascaron project”, commented Paddy Nicol, Evrim’s President and CEO. “Harvest’s management team has a demonstrated history of successful project development and we are confident in their commitment to the Project. Cerro Cascaron, with its district scale high grade gold and silver systems, is the type of project that an exploration company such as Harvest can take an aggressive approach to explore and develop quickly. Exploration at the Project is expected to commence shortly with the aim to identify several targets for drill testing later in 2017.”

Plata Latina Minerals Corporation is pleased to announce that Metalúrgica Reyna, S.A. de C.V., a wholly-owned subsidiary of Fresnillo PLC, has recently initiated a multi-rig drilling program at Plata Latina’s Naranjillo project where Plata Latina had previously obtained numerous high-grade Ag-Au drill intercepts (up to 3,181 g/t silver and 13.28 g/t gold over 10.95 metres). The Naranjillo project is the subject of the purchase option agreement with Reyna announced on April 3, 2017. Drilling results will be announced as they become available.

La autoridad tributaria de México retiene más de 360 millones de dólares en devoluciones de impuestos a seis mineras canadienses, incluyendo 230 millones de dólares a Goldcorp Inc, según fuentes y documentos oficiales vistos por Reuters, una hecho que eleva la tensión entre el Gobierno y las firmas que operan en el país.

Mexico’s tax agency is holding over $360 million in tax rebates owed to six Canadian miners, including $230 million to Goldcorp Inc., according to sources and official documents seen by Reuters, escalating the situation into a showdown between the Mexican government and Canadian mining firms operating there.

CEO Paul Sorbara says; “San Timoteo presents an excellent, low risk target. The exposed high grade zones in the No 5 level are sure fire hits and The bonanza zone property wide is not explored. A great plus for us is that Golden Goliath will be able to take advantage, at no cost to us, of recent nearby developments resulting from the discovery of the Orisyvo deposit to lower the threshold needed for an economic project at San Timoteo. These developments include expensive infrastructure improvement projects, such as widening and paving the access road, putting in concrete bridges and even the expected construction of a mill at Orisyvo.” The Orisyvo deposit, which lies about 11 km from San Timoteo, is believed to be epithermal in nature and associated with an intrusive body at depth and has indicated and inferred resources of 8.9 M oz of gold and 12.6 m oz of silver.