Canuc Resources Corporation (TSX-V: CDA) is pleased to advise that it has signed a letter of intent to acquire Full Circle Energy Ltd., an Ontario Corporation. Full Circle’s principal corporate assets consist of 6 sections of undeveloped oil prospective acreage in southwest Saskatchewan, and a Farmin agreement that references a further 6.3 contiguous sections of adjacent land.
Minera Alamos Inc. (TSX VENTURE:MAI) is pleased to report that it has now completed the second phase of its bulk testing heap-leach activities at its 100% owned Santana gold project in Sonora, Mexico. The Company is now performing a full review of the leaching results as part of if its final project evaluation prior to making commercial production decisions for the project.
Argonaut Gold Inc. (TSX: AR) reports that the Judiciary court hearing with respect to the Companys explosives permit for its La Colorada mine has been rescheduled to June 4, 2018.
Taj Singh, P.Eng, President & CEO stated, “First assay results from the sampling program at Minerva corroborate our field observations that there is a significant amount of silver, lead, and zinc mineralization in and around the Minerva intrusive complex at surface and compelling evidence for mineral potential at depth. For the next two months our focus will be to continue to systemically map, sample, conduct geophysics, and plan for drilling at Minerva.”
Mexus Gold US (OTCQB: MXSG) announced today that it has wired $183,333 due JMJ Financial closing the current outstanding debt agreement prior to the expiration date.
The operational management team has sunk its teeth into productivity and efficiency. The results display a significant improvement in production, recovery, and grades, said Robert Eadie, President of the Company. Our focus remains on improving productivity through development and exploration at the San Martin mine, as well as creating relationships with new concentrate providers at Altiplano so that we can build sustainable value for our shareholders and our future endeavors.
Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. The core drilling program will consist initially of 1,650 meters in seven holes, ranging from 150 to 250 meters in depth. These holes will target the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects.
Kootenay President and CEO James McDonald states, We are very excited about the potential at Copalito. It is a rare opportunity to find a project with such good surface values and vein widths in Mexico that has not been thoroughly drilled. We will be mapping and sampling the veins at surface to identify the best grading areas in the first step towards drill testing.
“Mapping, trenching, a soil survey and geophysics will be completed in May and June to refine drill targets while the required drill permits are being processed, after which a 3,000 metre drill program is planned to start in July,” commented Evrim CEO, Paddy Nicol. “We will also prospect and map several soil colour anomalies within recently staked concessions that have a similar appearance to the argillic alteration found within the pre-existing Cuale claims.”
We continued to deliver steady financial and operating results for the first quarter of 2018, and while our silver and copper production was slightly lower, gold production and silver equivalent production increased by 12% and 9% respectively. We are very close to the completion of Mill Circuit 4, which is a significant investment in Avinos growth, and we look forward to the increase in our production profile said David Wolfin, President and CEO. We are also focused on completing the paste backfill engineering and looking towards construction of the paste backfill plant.
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