The Cerro del Gallo deposit sits within the San Antón property, which covers an area of 25,269 hectares and consists of 12 granted, contiguous mining concessions all now owned by Argonaut through its subsidiary. The concessions include areas of historical mines formerly worked for high grade vein-hosted gold and silver.
Primero Mining Corp. today announced that the Company has closed the previously disclosed sale of the Cerro del Gallo development project, via the sale of all of the issued and outstanding shares of San Anton Resource Corporation, the indirect owner of the Project to Argonaut Gold Inc. Primero has received total consideration of $15 million. The proceeds net of closing costs will be used to permanently reduce the outstanding balance on the Company’s revolving credit facility.
“The phase one exploration program at Cerro Cascaron has successfully demonstrated the size potential of the Cascaron vein field with extensions of all veins to the north of high-grade gold sampled in old workings. The latest sampling of ore grades and widths at the silver-rich Cascarita prospect presents an exciting new development” commented Vice President of New Opportunities and Exploration, Charles Funk. “We look forward to Harvest Gold drilling these targets in 2018.”
Harvest Gold Corporation and Evrim Resources Corp. are pleased to announce the completion of the phase one exploration program at the high-grade Cerro Cascaron gold-silver project in Mexico. The combined Evrim/Harvest geological teams have begun the work to define drill targets and will meet in Vancouver next week to finalize and prioritize these targets.
Santacruz Silver Mining Ltd. announces the appointment of Mr. Carlos Alberto Silva Ramos to the position of Chief Operating Officer of the Company effective November 27, 2017. Mr. Silva will report directly to the President and CEO of the Company, Mr. Arturo Préstamo.
Commenting on the drilling, Azures Managing Director, Mr Tony Rovira said: This maiden drilling campaign has exceeded our expectations and confirmed the presence of high-grade gold and cobalt mineralisation over significant widths. The spectacular cobalt grades in hole DSA-03 are up there with the highest Ive ever seen and, encouragingly, the mineralisation starts at surface and remains open in all directions. These wide, high-grade zones host strong gold mineralisation consistently assaying in the range of 10g/t to 60g/t and cobalt grading from 1% to 6%. We believe theres good potential for a high-value body of gold and cobalt mineralisation to be defined at Sara Alicia, and further exploration will be undertaken to identify the size potential.
The first of two underground rigs mobilised to Cuddy LV5.4 over the weekend where it will target the current Mineral Resource with 8 holes before the years end.
MX Gold Corp. is pleased to announce the Magistral Joint Ventures appointment of Kevin Weston as Director of Operations of the Magistral Del Oro Project in Mexico. The Magistral Project is operated by MX Gold and its joint venture partner, GracePoint Mining Corp. Under the terms of Mr. Westons engagement, and subject to approval by the TSX Venture Exchange, MX Gold has undertaken to issue 350,000 common shares of MX Gold to Mr. Weston, as security for payment of Mr. Westons salary from the JV.
The halt will remain in place until the opening of trade on Tuesday 28th November 2017, or earlier if an announcement is made to the market.
Camrova Resources Inc. announces that its ownership in Minera y Metalurgica del Boleo S.A.P.I de C.V is being diluted pursuant to the New Shareholders Agreement described in the Companys News Release #2 / 2017 dated 2017-01-26.
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