Tag: gold

Eloro Resources’ Deep Underground Hole DSBU-10 Intersects 188.64 g Ag eq/t (44.75 g Ag/t, 0.08 g Au/t, 1.05% Zn, 0.76% Pb and 0.14% Sn) over 349.08m in Core of Feeder Zone in the Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Hole DSBU-10 drilled at azimuth 400 and a dip of -600, is the highest grade, longest intersection thus far at Iska Iska and includes the highest grade Ag to date of 44.75 g Ag/t over 349.08m. Notably, 59% of the overall length of this 878.9m long hole yielded reportable intersections which collectively average 160.14 g Ag eq/t. Hole DHK-24, collared at surface near Huayra Kasa approximately 100m SE of Hole DSBU-10 and drilled to the SW at -600 intersected multiple intersections including 114.62 g Ag/t (17.89 g Ag/t, 0.04 g Au/t, 1.58% Zn, 0.62% Pb and 0.05% Sn) over 112.91m, 84.31 g Ag eq/t (2.61 g Ag/t, 0.10 g Au/t, 1.22% Zn and 0.21% Pb) over 162.48m, 120.0 g Ag eq/t (5.51 g Ag/t, 0.09 g Au/t, 1.71 %Zn and 0.34%Pb) over 65.73m and 110.91 g Ag eq/t (43.67 g Ag/t, 0.07 g Au/t, 0.35% Zn, and 0.10 % Sn) over 177.86m. Notably, 62% of the overall length of this 926.3m long hole yielded reportable intersections which collectively average 110.70 g Ag eq/t. The major feeder zone at Santa Barbara remains open to the southeast where further drilling is now in progress. Note that metal prices for the Ag equivalent calculation have been updated to reflect current metal prices.
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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole DSBU-10 is an underground hole drilled at azimuth 400 at -600 dip across the higher-grade feeder zone. Hole DHK-24 is a surface drill hole collared near Huayra Kasa approximately 100m SE of Hole DSBU-10 and drilled to the SW at -600. Four drills including three surface drills and one underground drill are focussed on completing drilling in the Santa Barbara Resource Definition Drilling Area. A fourth surface drill has been added to further expand drilling capacity. read more

GCM Mining Reports Second Quarter and First Half 2022 Production; Declares August 15, 2022 Monthly Dividend

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it produced a total of 16,370 ounces of gold in June 2022 at its Segovia Operations bringing the total for the second quarter of 2022 to 53,198 ounces compared with 52,198 ounces from Segovia in the second quarter of 2021. In the second quarter of 2022, the Company also produced 85,741 ounces of silver, up from 54,573 ounces of silver in the second quarter last year, together with approximately 294,000 pounds of zinc and 345,000 pounds of lead. read more

GR Silver Mining Releases High-grade Silver Results from San Marcial Resource Expansion Drilling Program – 15.4 m at 547 g/t Ag, including 2.0 m at 1,179 g/t Ag

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Figure 1: San Marcial Longitudinal Section – Drilled Pierce Points with Grade x Thickness (CNW Group/GR Silver Mining Ltd.)
Figure 1: San Marcial Longitudinal Section – Drilled Pierce Points with Grade x Thickness (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces first assay results from the 2022 resource expansion drill program at the San Marcial Area in Sinaloa, Mexico. The high-grade silver (“Ag”) results demonstrate the potential for resource expansion both near-surface and at depth at the San Marcial Area. The 23 released drill holes targeted delineation of near-surface high-grade zones, as well as the lateral continuation of mineralization along the prospective contact between the upper andesitic “block and ash” unit and lower volcano-sedimentary units. This contact commonly hosts the San Marcial Area Ag mineralization (Figure 1). Results from the remaining drill hole of the 2021 program, which targeted NW strike extensions of the mineralized hydrothermal breccia, are also reported in this news release. read more

Tocvan Closes $5.125 Million Private Placement with Institutional Investor

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF) (WKN:TV3/A2PE64), is pleased to announce the closing of a private placement to an institutional investor (the “Placement”) to raise an aggregate amount of $5.125 million (CAD). The proceeds from the Placement will be deposited with a third-party escrow agent (the “Escrow Agent”) and delivered to the Corporation in monthly tranches over the next 24 months pursuant to the terms and conditions of a Sharing Agreement (as defined below) and an escrow agreement dated June 28, 2022 between the Corporation, Sorbie Bornholm LP, and Orrick, Herrington & Sutcliffe (UK) LLP (the “Escrow Agreement”). The funds will go towards the advancement of the Pilar and El Picacho Au-Ag projects in Sonora, Mexico and for general working capital purposes. read more

Tocvan Restarts Drilling at Pilar, Targeting Priority Areas for Expansion. Outlines Path Forward for Sonora Projects

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce drilling has recommenced at its Pilar Au-Ag Project in Sonora, Mexico. As a continuation of Phase III, drilling will focus on priority exploration targets across the property. Targeting parallel trends and trend extensions will remain a focus as the Company looks to rapidly define the extent of mineralization at Pilar. Recent reconnaissance drilling in a 200-meter gap between the Main Zone and 4-T Trend was successful in defining a new parallel trend (JES-22-63 returned 54.9-meters at 0.3 g/t Au and 5 g/t Ag from 6.1-meters depth). Another 200-meters to the east, surface exploration returned chip samples of 6.6 g/t Au and 433 g/t Ag defining an untested extension of the 4-T Trend, both of these targets will be tested during this stage of drilling. read more

GR Silver Mining Discovers High-grade Shallow Precious Metals Mineralization at the Plomosas Project

Including 5.2 m at 4.52 g/t Au and 56 g/t Ag and 0.5 m at 30.09 g/t Au and 76 g/t Ag
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Figure 1: Location of New Vein System Discoveries – Plomosas Project (CNW Group/GR Silver Mining Ltd.)
Figure 1: Location of New Vein System Discoveries – Plomosas Project (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL), (OTCQB: GRSLF) (FRANKFURT: GPE) – announces drilling results from initial exploration carried out on new areas representing potential step outs from NI 43-101 mineral resources at both the San Juan/La Colorada and Plomosas Mine Areas. The gold (Au) and silver (Ag) discoveries are in addition to the Company’s successful exploration programs reported earlier this year at the Loma Dorada, Trampolín and Corta Pico vein systems (see News Releases dated February 10, 2022 and February 17, 2022). read more

GCM Mining Announces May 2022 Production; Declares July 15, 2022 Monthly Dividend

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,507 ounces of gold in May 2022, up from 17,936 ounces of gold in May last year. This brings the total gold production for the first five months of 2022 to 86,779 ounces, up from 84,467 ounces in the first five months last year. Segovia’s trailing 12-months’ total gold production at the end of May 2022 was 208,701 ounces, up about 1% over 2021. Expansion of the Company’s processing plant at Segovia to 2,000 tonnes per day (“tpd”) is nearing completion and is expected to be finished in July. The Company is on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold. read more

Tocvan Announces Closing of Private Placement and Executes Term Sheet for $5.125M Financing

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (WKN:TV3/A2PE64), is pleased to announce it has executed a binding term sheet in connection with a proposed financing for $5,125,000.00 (CAD) (the “Proposed Financing”) with an institutional investor, the terms of which will be announced once all due diligence has been completed, which is expected by June 30, 2022. The Company has agreed to pay a refundable due diligence deposit of $75,000 (CAD) (the “Deposit Shares”) via the issuance of 81,522 common shares of the Company at a deemed issue price of $0.92 per common share. read more