Vangold Mining Corp. is pleased to announce that it is now working to complete the definitive agreement to close its acquisition for 100% ownership of Intermont Resources LLC’s Nevada mining claims.
GoGold Resources Inc. announces sales of 241,774 silver equivalent ounces and produced 105,623 ounces of silver and 1,665 ounces of gold for 240,939 silver equivalent ounces at the Parral project during the quarter ended September 30, 2018.
We are excited that mapping and sampling in the newly acquired Claraboya concession has extended the high-grade Europa-Guadalupe vein by over 1 km. This new zone pushes the overall footprint of the Alamos district to 10 km long by 3 km wide, stated Darrell Rader, President and CEO of Minaurum. We look forward to incorporating targets in this new area into our current drill program.
American International Ventures, Inc., has entered into a joint venture agreement with PT Musi Bumi Energi an Indonesia Corportion. MBE has an 8,855 hectare (21,881 acre) coal concession, located at Musi Banyuasin, South Sumatera, Indonesia. Coal reserves of approximately one hundred million metric tons (Pre-Jorc estimate) of low rank subbituminous coal reserves located on said concession.
The Marianas Zone was discovered by surface drilling and represents the down-plunge extension of the main Mercedes mine trend. Based on previous intercepts, Marianas appears to have the potential to host economic mineralization of higher than the current reserve grade. It is the Companys goal to convert Marianas mineral resources to mineral reserves with a delineation drill program over the balance of 2018 and 2019. With success, mining at Marianas could begin in the second half of 2019.
Our gold and silver production met our expectations, with gold production increasing due to the addition of two months of production from the Nevada operations and silver production declining due to lower expected grades at Greens Creek, said Phillips S. Baker, Jr., President and CEO. We are on track to meet annual production estimates at all operations.”
New Gold Inc. announces the departure of Cory Atiyeh, Executive Vice President, Operations, effective October 22, 2018.
We are currently drilling at two highly prospective properties in Mexico and British Columbia and the retention of Link Media to assist in communicating our story to the US market is part of our overall strategy to build the profile of our company said Mike McPhie, President and CEO of Prize Mining Every company in our business is competing for attention and we believe that the potential of our copper and gold/silver properties needs to be matched with a comprehensive marketing and awareness campaign that is intended to help create shareholder value.
Rodrigo Barbosa, the Companys President and CEO commented, When these criminals first illegally entered the mine, the Company was able to mine outside of the then mine plan with decent results however the recovery rates in these areas have decreased and the Company is now forced to take the difficult position and suspend mining operations. We continue to work with local and national authorities and are considering all options.
Carlos Silva, COO of Santacruz, commented; “With these drill results at the Navidad vein, and higher grade intercepts along the northern strike of the Veta Grande vein, we continue to demonstrate the potential of this high-grade mineralized district.” Mr. Silva added; “We recently identified the potential of the Navidad vein, which has never been systematically explored, and results thus far are extremely encouraging. Drilling is continuing with an additional 14,000 metres of diamond drilling budgeted.”
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