Month: September 2019

Gainey Awards Drilling Contract for Las Margaritas Project

Gainey Capital Corp. is pleased to announce that it has engaged Ore Drilling S de RL de CV of Hermosillo, Mexico as the contractor for its diamond drilling program at the Las Margaritas gold project in Durango. The Company has finalized the preparation of the infrastructure required including the repair and construction of approximately 39 kilometres of road and a water reservoir system to support the drilling.

Almadex Options Ponderosa Property in Spences Bridge Gold Belt

Almadex, its predecessors and partners have worked in the Spences Bridge area since about 2002. J. Duane Poliquin, Chairman of Almadex, stated, “We have now optioned all of our Spences Bridge property holdings to partners, and look forward to active exploration on our properties over the coming years”.

Riverside Completes Acquisition of the Los Cuarentas Project From Millrock Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to have closed the transaction and to be working with our dedicated Mexican team to progress these former mine areas with modern exploration and drilling. The recent success by companies like SilverCrest Metals, Premier Gold Mines, First Majestic, Agnico Eagle and others surrounding our project demonstrates the excellent potential for new discoveries in the district.”

Golden Minerals Announces Termination of Sales Agreement

Warren Rehn, Golden Minerals’ President and Chief Executive Officer, commented, “While it is unfortunate we could not come to terms with Autlán, we are now in a position to consider future options for the properties that were included in the Autlán agreement. Due to the recent increases in gold and silver prices, we believe the value of these assets has increased substantially.”

IMPACT Silver intersects 2.14m of 418 g/t Silver and 1.58m of 1,393 g/t Silver Extending the San Ramon Mine to depth at Zacualpan, Mexico

The San Ramon mine has produced for 14 years and continues to yield more silver mineralization. The San Ramon Deeps zone continues down to the southeast extending the known mineralized system to a depth of 1,611 m above sea level. Known mineralization over the total San Ramon workings has a down dip length of over 500m. Further drilling is planned to further test the extent of this prolific zone.

Golden Goliath Sets Options

The Company has granted 3 million incentive stock options to directors and officer and 400,000 to employees and consultants. The incentive stock options are exercisable for a period of five years at a price of $0.10.

Mexichem Fluor changes name to Koura

Refrigerant manufacturer and supplier Mexichem Fluor has changed its brand name to Koura, in a move which sees its group company Mexichem adopting the name Orbia Advance Corporation.

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