Day: June 11, 2018

Azure Minerals Ltd. – Continued Improvements in Oposura Metallurgy

In several parts of the Oposura mineralised system, thick mineralised intersections comprise narrow bands of very high-grade mineralisation separated by intervals of lower grade or waste material. Azure’s studies indicate that some of these thick mineralised zones may be more suitable to a “bulk” mining approach rather than “selective” mining, thereby reducing unit operating costs and maximising resource recovery.

Ridgestone Mining Completes $900,000 Financing and Closes Rebeico Property Option Agreement

The Company has also received final acceptance from the TSX Venture Exchange for the option agreement with YQ Gold de Mexico, S. de R.L. de C.V., pursuant to which Ridgestone has been granted an option to acquire a 100% interest in what is known as the gold-copper Rebeico Property located in Sonora, Mexico. The Company has issued an aggregate of 845,347 common shares and paid a cash sum of US$50,000 to satisfy the initial payment obligation under the Option Agreement.

Starcore Completes Review Period on Santa Fe Project

Starcore International Mines Ltd. (TSX:SAM) announces that it has completed its due diligence and review of the Santa Fe Project in Sinaloa, Mexico and will not be proceeding with the proposed acquisition, subject of the Letter of Intent entered into in November, 2017. The Company has given notice to the property owners of its disengagement from the project and Starcore has no further obligations on Santa Fe.

Mexus begins mining at the 8 Brothers/370 gold project

Mexus Gold US (OTCQB: MXSG) announced today that it has begun mining at the 8 Brothers/370 mining project. The company has mined 1000 tons of material containing an average of 9 grams Au and 50 grams Ag per ton. This material is currently being run through a crushing system and placed into an aerated VAT holding tank. The loading of the VAT, which has a 100 ton capacity, is expected to be completed by Wednesday, June 13th. The leaching time for this material will be 48 to 72 hours. Mexus has installed and successfully tested its portable Merrill Crowe gold recovery system. Running of the pregnant solution through this system will produce a concentrate which will be shipped to the U.S. to be refined and sold.

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