Month: May 2018

Canuc Provides Exploration Update for San Javier

“These results clearly indicate that high grade silver vein mineralization, and also silver bearing breccia geology, is evidenced along the full 3 km strike extent of the San Javier structure and the San Javier mineralized corridor. This is very encouraging for geological prospects and vein continuity along trend in the northeasterly direction, and suggests potential for a robust high-grade and vein hosted mineral endowment.” Stated Hub Mockler.

Partner-Funded Field Work Update From The Glor Gold Project In Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “We are encouraged by the exploration results obtained at the Canasta target which we acquired with partner Centerra Gold through the Mexico concession lottery system. The soil survey and rock samples have provided positive results that encourage Riverside to continue with drill target definition. We look forward to further exploration work being done at the Project leading to a potential drilling campaign later in the year.”

Sierra Metals Increases Mineral Reserve Estimate by 83% for its Bolivar Mine, Mexico

Igor Gonzales, President and CEO of Sierra Metals commented “Management are pleased with the updated reserve and resource report. The upward conversion of resources and an 83% increase in reserves which averages 19 g/t silver, 0.86% copper and 0.25 g/t gold or 1.14% CuEq** improves the mine life at Bolivar to more than seven years at the current throughput levels when compared to the previous estimate filed in April 2017.

Advance to Present Pictures of Drill Core from Recent Drilling of Tabasquena Epithermal Vein

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration team, is very enthusiastic about what we have encountered with the first hole drilled into the sulphide zone of the Tabasquena epithermal vein. We have prepared a cross section of the discovery drill hole, as well as a plan map, and are including images of the entire intersection of the sulphide zone of the Tabasquena vein…”

Radius grants stock options

Radius Gold Inc. (TSX-V: RDU) announces that it has granted to its directors, employees and consultants incentive stock options to purchase up to an aggregate of 1,515,000 common shares of the Company exercisable for ten years at a price of $0.15 per share. The Company will also cancel a total of 1,005,000 outstanding stock options.

Azure Minerals Ltd. – Final Drill Assays Received from Oposura East Zone

Azure’s managing director Mr. Tony Rovira stated: “It is pleasing that the assay results from the final drilling into the East Zone at Oposura identified additional high-grade mineralisation close to the existing underground mine tunnels. The extra drilling that the Company undertook into the East Zone has also significantly improved our understanding of the geometry of the deposit, enabling more detailed mine planning to be undertaken. These results provide the Company with scheduling optionality for early stage open pit and/or underground mining.”

Almadex Minerals Ltd. and Azucar Minerals Ltd. Announce Closing of Arrangement – Azucar Minerals Ltd. Announces Closing of Private Placement with Newcrest

Almadex Minerals Limited is pleased to announce that it has closed the previously announced statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) to spin-out Old Almadex’s early stage exploration projects, royalty interests, and certain other assets into Almadex Minerals Ltd. (formerly 1154229 B.C. Ltd.) effective at 12:01 a.m. on May 18, 2018. At the Effective Time, Old Almadex changed its name from Almadex Minerals Limited to Azucar Minerals Ltd. (TSX-V:AMZ) (OTCQX:AXDDF), and New Almadex changed its name from 1154229 B.C. Ltd. to Almadex Minerals Ltd.

SilverCrest Closes $17,250,345 Bought Deal Financing, Over Allotment Option Exercised in Full

SilverCrest Metals Inc. is pleased to announce the completion of its prospectus offering announced on April 26, 2018 whereby the Company issued a total of 8,214,450 common shares at a price of $2.10 per common share for gross proceeds of $17,250,345, including exercise of the over?allotment option in full. The Offering was led by PI Financial Corp. and Cormark Securities Inc., and included Beacon Securities Limited, Eight Capital, National Bank Financial Inc., BMO Capital Markets, Desjardins Securities Inc. and Canaccord Genuity Corp. as underwriters. The Company paid the underwriters a cash commission of up to 6% of the gross proceeds of the Offering.

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