The funds raised will be used to accelerate resource drilling that is currently underway both below the underground mine workings in the Cuevitas Zone, at Tres Amigos and at several new areas within the mine at the Companys highly prospective Plomosas Zinc Project in northern Mexico. In addition, the first regional drillholes targeting new exploration areas will commence early in 2018.
Mexus Gold US released an article from El Financiero where the company was mentioned among large miners in Sonora State, Mexico.
Harvest Golds President and CEO Rick Mark states: Recently a meeting of the Harvest Gold/Evrim Resources geological team was held in Vancouver. Priority drill targets were selected in both the main Cascaron gold vein field and the silver-rich Cascarita prospect. With the knowledge gained from the fall 2017 Phase 1 exploration program, which included rock and soil sampling results, geologic mapping and adit sampling results, we have a high level of confidence in our targeting and are looking forward to having these high priority targets tested. Our Joint Venture partner expects the drill permitting process to be complete by the end of January.
GOLDCORP INC. is pleased to announce the five ‘sharks’ who will judge the #DisruptMining challenge, an event designed to encourage innovators from all sectors to collaborate and accelerate solutions to some of the biggest challenges and opportunities in mining, an industry notoriously slow to innovate.
Canasil Resources Inc. announces that the Companys shareholders have approved the Plan of Arrangement to segregate its British Columbia properties into a separate company, Canmine Minerals Inc. at the Special Meeting of Shareholders held on December 12, 2017.
Mr. Randy Reifel, President states, We are very early in the drill program with only five holes completed in the Central Prospect. We are very encouraged that Y-02 and Y-03 tested a deep blind IP anomaly that underlies a 3.0 x 1.5 kilometre hydrothermal system exposed on surface and confirms its continuity to a depth of 500 metres. The strength and types of the alteration with increasing copper values lower in the system indicates a potential significant mineralized intrusive. We are also pleased with the first two drill holes in the Spaniard zone. Drill results confirmed the depth of the gold-silver sulfide mineralization to at least 100 metres. Resistivity profiles indicate that several of these structures may extend more than 350 metres below surface.
Drones are sweeping over the global mining industry and for good reason. The future of mining will increasingly rely on the use of drones and automated systems, slashing costs while helping mining companies find and dig up more gold, silver and other metals and minerals.
Kootenay Silver Inc. is pleased to announce that further to its press release dated November 15, 2017, it has closed the initial tranche of its non-brokered private placement and has issued an aggregate of 19,549,480 units at a purchase price of $0.20 per Unit for gross proceeds to the Company of $3,909,896. Each Unit consists of one common share and one-half of a transferable common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until December 13, 2020. Cash finders fees to arms length parties totaling $154,600 have been paid on this portion of the Private Placement.
The upcoming exploration program is founded on a back-to-basics review and reanalysis of the large historical database of geophysics, geochemistry and drilling on the Platosa Property, stated Ben Pullinger, Vice President Geology. This analysis has already successfully identified new prospective targets at Jaboncillo and San Gilberto, which have been confirmed by field mapping. We are confident that this methodology and the improved understanding of the regional system surrounding the Platosa Mine will lead to positive exploration results in 2018. We are also pleased to have the funding secured to execute this comprehensive exploration program as we explore for new manto and skarn discoveries on one of Mexicos most prospective mineral belts.
“The Zacatecas Mineral Assets represent one of the largest and most historically important land packages within Mexico’s Zacatecas silver belt and we are very pleased to have reached this agreement with Contracuña which provides us greater flexibility to consolidate our mineral interests,” stated Arturo Préstamo, President and CEO of Santacruz. “In addition, our joint venture with Carrizal is an important milestone in our plan to grow our Zacatecas operations into a significant silver producer, and we look forward to its continued development as part of Santacruz’s transition into a mid-tier Mexican silver producer.”
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