Month: September 2017

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Step out drilling along the strike of the Babicanora Vein has more than tripled our previously announced high-grade footprint. New high-grade drill intercepts confirm strong mineralization extending beyond the historic Babicanora workings. We have been able to trace the Babicanora Vein on surface for over three kilometres, but have drill-tested less than 20% of its known strike length. Based on continued success in the district, we plan to have up to six drills turning this fall, aiming to further expand high-grade mineralization along multiple veins in both the Babicanora and the Las Chispas areas. All of our current efforts are focused on a maiden resource announcement in early 2018.”

Levon Resources Ltd. is pleased to announce the completion of the core drilling campaign at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hidalgo del Parral, Chihuahua, Mexico, previously announced by the Company on May 15, 2017. Complete hole assays are pending and will be reported when the assays are received. A total of 5,655m of core in 18 infill core holes were drilled within the central part of the 2014 Cordero resource.

Candente Gold Corp. is pleased to announce that its Mexican subsidiary, Minera CCM El Oro Jales S.A. de CV has renewed the option, originally signed in 2013, allowing the Re-Processing of the tailings deposit derived from the Mexico Mine, part of the San Rafael Vein in the El Oro District. The agreement is with the Municipality of El Oro in the state of Mexico.

J. Duane Poliquin, Chairman of Almadex commented, “We are pleased to once again demonstrate continuity in this part of the defined mineralised envelope. The Norte Zone is one of several defined porphyry targets on the property which we plan to aggressively explore and, in the case of Norte, drill in detail with the goal of defining a resource.”

Indicated Resources – 661,000 Gold Equivalent Ounces
Inferred Resources – 341,000 Gold Equivalent Ounces

Allan Barry Laboucan, President and CEO of Advance said; “We have been able to position ourselves in a silver project that remains open for exploration, in one of the most prolific silver districts worldwide. In fact, we share the same geological structure as several important Mexican mines. Our vending partners, who will become significant shareholders in the company, will retain an NSR and will help us develop the Tabasquena project as they bring local knowledge and experience needed for permitting, community relations and geological understanding. Our vending partners are key to rapidly advancing the Tabasquena project. Our small share float and timing to acquire this silver project with precious metal prices performing well, has us well positioned for growth.”

At the request of IIROC the Company wishes to clarify disclosure in its September 8, 2017 news release issued earlier today entitled “MX Gold Corp Receives 1,000 Tonne Per Day Throughput Estimates on the Magistral Project” . The disclosure of estimated tonnage, estimated gold/tonne, estimated silver / tonne, recovery rate gold; recovery rate silver, commercial production, free cash flow, life of project and total free cash flow was a violation of NI 43-101 – Standards of Disclosure of Mineral Projects as no preliminary economic assessment, preliminary feasibility study or feasibility study has been filed to support any of the disclosure. The disclosure constitutes Restricted Disclosure per NI 43-101, 2.3. Also, NI 43-101, 4.2 requires the filing of a technical report to support disclosure of this nature – no technical report has been filed to support the disclosure. As a result the disclosure is not compliant with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Company hereby retracts the entirety of the Prior Release and readers should not rely on the disclosure contained in the Prior Release, including the following statements and table disclosing the technical results and project economics:

“Drilling supports the Santa Rosa vein along every section line drilled within a mineralized corridor over a strike length of 430 meters which is open in both directions (northeast and southwest) and at depth. We have detected high to bonanza grade silver with high grades of gold and accessory zinc and lead mineralization within the corridor across widths of up to 4.3 meters within the Santa Rosa Vein. We have discovered a new vein with high grade silver and gold values,” stated Hub Mockler (BSc Geology), Executive Chairman.