Day: January 9, 2018

Minera Alamos Completes Final Tailings Containment Plans and Confirms Permitting for La Fortuna Gold Project on Target for Early Q2 – 2018

Minera Alamos Inc. is pleased to announce the completion of the geotechnical studies required for the approval of its mine development permits for the La Fortuna Gold Project in Durango, Mexico. The study results which include the design of the tailings containment facilities comprise the final data package to be submitted by the Company’s environmental consultant (Consultoria Ambiental Vugalit, S.C.) to the Mexican Federal Environmental Agency (Secretaria de Medio Ambiente y Recursos Naturales or “SEMARNAT”) as part of the mine permitting approval process. Based on the feedback received to date, the target for approval of these permits remains early second quarter in 2018.

Canuc Announces Breccia Discovery

Canuc Resources Corporation is pleased to provide an update on exploration at the San Javier Silver-Gold Project in Sonora State, Mexico.

Vangold Mining Initiates Underground Drill Program at El Pinguico Mine. Targeting Stock Pile Resource and Continuation of El Pinguico Vein.

Cameron King, Vangold CEO advises, “The drilling program is to define and expand the potential mineralization at El Pinguico. We are fully aware of the historical cutoff grade mined at 15g/t AuEq, now it’s our job to prove it. With drill results, we can define a resource over the UG stockpile and document its value. Phase 2 drilling is the start of Vangold’s future growth strategy, proving the El Pinguico vein system continues at depth adds years of development and production.”

First Majestic Provides Review of 2017 Exploration Program and Plans for 2018

Keith Neumeyer, CEO and President, states: “2017 was an exceptional year for exploration and technological innovations. Across seven of our assets, we had up to 24 active rigs and drilled over 156,500 metres resulting in a new exploration record for First Majestic. The Company is now working diligently to incorporate these successful results into an updated Reserve and Resource estimate which is expected to be released by the end of the first quarter of 2018. Our two major discoveries for 2017 were the Cerro de Santiago vein at La Parrilla and the Ermitaño vein at Santa Elena. It is also becoming evident that there is a significant opportunity around Santa Elena and La Parrilla to expand the size of the known mineral resources. As a result of the recent discoveries, we are allocating additional exploration resources in 2018 in order to improve Life of Mine at both operations.”

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