Day: September 10, 2018

“Our goal with the first hole of phase 2 drilling is to get under the gold discovery hole and hit the Tabasqueña vein at approximately 1800 metres above sea level. At this level we expect to hit the vein well into the precious metals horizon,” Allan Barry Laboucan, President and CEO of Advance Gold Corp.

Rodrigo Barbosa, the Company’s President & CEO commented, “In addition to making considerable progress on the underground mine development and plant during the last few months, the Company has focused on developing and implementing a new management standards and procedures for Community, Safety and Employees to ensure a safe re-opening, high performance and a respectful management team’s culture going forward. Finally, Aranzazu offers interesting exploration upside that should be drilled and analyzed during 2019/20.”

Orex’s President, Gary Cope says, “We look forward to the start of a new exploration program on this promising silver-copper-zinc project in the prolific Silver Trend of Mexico.”

First Majestic Silver Corp. and Evrim Resources Corp. are pleased to announce that the Ermitaño and Cumobabi project option agreements in Sonora, Mexico have now been exercised and that First Majestic has completed its 100% earn-in for both projects. In connection with the exercise, First Majestic has made a US$1.5 million cash payment to Evrim and has granted to Evrim, per the original 2014 option agreements, a 2% net smelter royalty in the case of the Ermitaño project and a 1.5% NSR in the case of the Cumobabi project.

Jose Antonio Berlanga, Telson’s Chief Executive Officer, stated, “We are very saddened by this unfortunate and tragic event and send our condolences and sympathies to the family of the deceased; the thoughts and prayers of Telson’s Board of Directors and Management are with his family, friends and coworkers during this unfortunate time. We are and will continue providing as much support to the deceased’s family as possible.”