Month: April 2018

N. Eric Fier, CPG, P.Eng and CEO, remarked, “With the addition of the Luigi Vein, we continue to grow our portfolio of high-grade mineralized veins and are beginning to understand the “nature of multiples” when it comes to projecting high-grade previous drill-intercepts in adjacent veins on to new discoveries. This is the tenth high-grade vein we have delineated in the district, which is immediately adjacent to the Las Chispas Vein and accessible by underground workings. The Luigi Vein is named after Luigi Pedrazzini, son of Giovanni Pedrazzini the founder of Minas Pedrazzini Gold and Silver Mining Company which operated at the Property from the late 1800s to 1930. We plan to further drill test the Luigi Vein during H1 2018 and include the results in the proposed updated resources in Q3 2018.”

Argonaut Gold Inc. (TSX: AR) reports that the has court postponed the hearing pertaining to Argonaut’s explosive permit at its La Colorada mine (see press release dated April 12, 2018) to allow the Secretary of National Defense (“SEDENA”) to provide evidence requested by the court regarding the temporary suspension of the explosives permit at Argonaut’s La Colorada mine. It is expected that a ruling will be issued within 15 business days of the original hearing date (April 16, 2018), as required by law.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “This is our second project near Ojocaliente. Venaditas is approximately 11km to the west of our Tabasquena silver mine. It is also a ‘shadows of a headframe project’ as it is adjacent to Teck’s San Nicholas. Also, in the immediate area is Milagros and El Coronel mines, all of the mines in the area are hosted in the Tertiary andesites. What stands out to me about Venaditas, is twofold, there are two geological structures that come together at Venaditas, below this structural intersection is a large geophysical anomaly. This project is close to being drill ready and we should have updates shortly on drilling this high quality exploration project.”

Colibri Resource Corporation (CBI: TSX-V) is pleased to provide an update on its Phase 1 drilling of its 2018 drilling program on its 100% owned Pilar Project in Sonora State Mexico and announces that it has completed drilling of 5 of the approximately 30 hole drill program. To date, 266 samples have been sent to ALS labs for assaying.

Golden Minerals Company (NYSE American:AUMN) (TSX:AUMN) is pleased to announce the filing on SEDAR of a Technical Report for its El Quevar silver project entitled “NI 43-101 Technical Report on Updated Mineral Resource Estimate” in Salta Province, Argentina. The Report dated February 26, 2018 was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of Amec Foster Wheeler E&C Services, Inc.