Divestco Announces Departure of Chief Financial Officer

Calgary, Alberta–(Newsfile Corp. – July 19, 2018) – Divestco Inc. (TSXV: DVT) (“Divestco” or the “Company“) today announced that Danny Chiarastella, Chief Financial Officer, has resigned and will be leaving the Company effective August 2, 2018.

Mr. Stephen Popadynetz, Chief Executive Officer and President: “On behalf of the management and Board of Directors, I would like to thank Danny for his contributions and years of service to Divestco. While we will miss Danny’s efforts at Divestco, we wish him all the best as he pursues other career opportunities.”

Mr. Danny Chiarastella: “I’d like to thank the staff, management and the Board of Directors of Divestco for many great years with the Company. Divestco is a great company with excellent opportunity in the future and I look forward to their continued success.”

Divestco has initiated a search for a new Chief Financial Officer.

About the Company

Divestco is a geoscience services company that provides a comprehensive and integrated portfolio of data, software, and services to the oil and gas industry. Through continued commitment to align and bundle products and services to generate value for customers, Divestco is creating an unparalleled set of integrated solutions and unique benefits for the marketplace. Divestco’s breadth of data, software and services offers customers the ability to access and analyze the information required to make business decisions and to optimize their success in the upstream oil and gas industry. Divestco is headquartered in Calgary and trades on the TSX Venture Exchange under the symbol “DVT”. Additional information on Divestco is available on its website at www.divestco.com and on SEDAR at www.sedar.com.

For more information please contact:

Divestco Inc.


Mr. Stephen Popadynetz
CEO and President
Tel 587-952-8152

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

from Newsfile Corp News Releases https://ift.tt/2NqPFdB


Advance Hits 3 Metres of 9.40 g/t Gold Including 1 Metre of 12.65 g/t Gold

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2018) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce the completion of Phase 1 drilling, and the important discovery of high-grade gold at the Tabasquena Silver mine, near Ojocaliente, Mexico, including a 3 metre intersection, with a grade of 9.40 g/t gold, from the Tabasquena vein. This intersection was silver and gold mineralized over 19 metres, and included a highlight intersection that returned 1 metre of 12.65 g/t gold.

In addition to assays from the first two holes of the four-hole drill program, the Company will also provide drilling details, including cross sections, drill hole plan map, and pictures of entire vein intersections from holes 2 through 4. For these same details on hole 1, please see news release dated May 17, 2018, or on the Tabasquena project section on the Company’s website. All of the drilling details in this press release will be added to the Tabasquena project section on the website as well.

Phase 1 Drilling Highlights

  • AGT-01 was drilled approximately 100 metres below historical mining by Penoles (which was confined to the oxide zone of this epithermal vein), hitting 11 metres of the Tabasquena vein, ending in the vein;
  • AGT-02 is the gold discovery hole, drilled approximately 100 metres below the historical mine workings, it hit the Tabasquena vein for 19 metres of continuous gold mineralization, including 3 metres of 9.40 g/t gold and a highlight intersection of 1 metre of 12.65 g/t gold;
  • AGT-03 was drilled to test under the 100 metre shaft, it hit three veins, the La Nina vein for 3.5 metres, and the Tabasquena vein for 10 metres, approximately 25 metres below the bottom of the shaft, it also hit the Chiquita vein, over 5.5 metres, for the first time;
  • AGT-04 is a 100 metre step-out of the Tabasquena vein (from the historical underground mining) and it hit the vein in the oxide zone for 10 metres. It also hit the Chiquita vein over 4.50 metres, as well as the La Nina vein over 12 metres, approximately 30 metres deeper than in AGT-03. This hole hit another vein for the first time, the Yaki vein over 0.80 m width at 175 metres;
  • Holes AGT-01, AGT-02 have established that the Tabasquena vein is significantly wider at depth. It also dips in the direction of a parallel fault, which opens the possibility of a nearby feeder;
  • Hole AGT-04 established that as drilling in the open direction along strike of the Tabasquena vein, it is significantly wider than in the historical mining in the oxide zone 100 metres away;
  • Phase 1 drilling was designed to show that the Tabasquena project hosts an epithermal vein field, with sulphides in the veins and in the near surface conglomerate, all suggesting a large mineralizing system;
  • Phase 1 drilling exceeded expectations by showing the Tabasquena vein is hosting high-grade gold and significantly thicker at depth and along strike.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “At the beginning of the Phase 1 drill program, our plan was to try to hit the Tabasquena vein, to show that it continued significantly below the old Penoles mining above it in the oxide zone. We weren’t expecting to see the Tabasquena vein get so much thicker at depth. Having lost the first hole while still in the vein, the second hole was designed so we could get a more accurate idea of the actual thickness. Hitting 19 metres of continuous gold mineralization, with high-grade gold of 3 metres of 9.40 g/t gold, including 1 metre of 12.65 g/t gold in the gold discovery hole is a real gamechanger.”

“Now we know we have a big mineralizing system with silver and gold. In a vein that is much wider at depth and along strike than in the historical mining which was confined to a small portion of the oxide zone in the Tabasquena epithermal vein. The widening at depth and with the dip in the direction of a parallel fault, it will be a priority in our second phase of drilling to extend beyond hole AGT-02, toward the fault. We need to determine where the high-grade gold is coming from. Additional encouraging results are that we have now hit multiple veins as we move to the north of the historical mining, so in Phase 2 drilling we will test those veins as well as look for new ones. We are also looking at a couple of structural targets to drill in Phase 2 as possible feeders for the mineralization in the veins.”

“I’m looking forward to the assay results from AGT-03 as this hole is below the shaft where we took channel samples and received promising grades of silver. Assays from AGT-04 are important as well, as we are hitting parallel and cross cutting veins, four veins in total in one drill hole of 200 metres. We have started planning our Phase 2 drilling to further test the various veins, possible feeder systems, and to focus on silver and gold.”

Table of Assay Results from AGT-01 and AGT-02

Advance Gold Corp S.A. de C.V.
Hole No. AGT-01
Length Sample
Sample No.
g/t ppm
From To Width Au Ag Pb Zn Cu
61.32 62.42 1.00 6501  <0.005  <0.2 2.00 71.00 11.00
69.35 39.55 0.20 6502  <0.005  <0.2 4.00 63.00 25.00
72.80 73.10 0.30 6503  <0.005  <0.2 8.00 51.00 30.00
109.11 109.44 0.33 6504  <0.005 1.10 14.00 41.00 19.00
110.60 110.80 0.20 6505  <0.005 1.10 20.00 49.00 15.00
166.01 166.21 0.20 6506  <0.005 0.80 144.00 701.00 11.00
185.40 185.54 0.14 6507 0.08 7.50  <2 92.00 31.00
210.20 210.60 0.40 6508 0.56 19.00 1955.00 7160.00 785.00
210.60 211.10 0.50 6509 0.15 9.00 556.00 2610.00 114.00
211.10 211.60 0.50 6510 0.01 5.00 148.00 3700.00 36.00
211.60 212.10 0.50 6511 0.09 5.00 396.00 2710.00 32.00
212.10 212.70 0.60 6512 0.09 5.00 224.00 3930.00 42.00
212.70 213.30 0.60 6513 0.01 2.70 122.00 4380.00 26.00
213.30 213.90 0.60 6514 0.06 6.00 319.00 4800.00 48.00
213.90 214.80 0.90 6515 0.01 1.30 328.00 5210.00 55.00
214.80 215.40 0.60 6516 0.09 6.00 120.00 3710.00 47.00
215.40 216.00 0.60 6517 0.02 7.00 199.00 3750.00 81.00
216.00 216.60 0.60 6518 0.06 9.00 850.00 2020.00 114.00
216.60 217.10 0.50 6519 0.09 12.00 1150.00 1910.00 289.00
217.10 217.80 0.70 6520 0.05 6.00 1030.00 1515.00 107.00
217.80 218.40 0.60 6521 0.09 12.00 1385.00 1995.00 123.00
218.40 218.90 0.50 6522 0.02 6.00 194.00 1085.00 37.00
218.90 219.49 0.50 6523 0.06 10.00 522.00 1280.00 472.00
219.40 219.90 0.50 6524 0.05 9.00 2870.00 1325.00 177.00
219.90 220.40 0.50 6525 0.07 5.00 1350.00 1500.00 101.00
220.40 221.40 1.00 6526 0.18 13.00 5315.00 6710.00 197.00


Advance Gold Corp S.A. de C.V.
Hole No. AGT-02
Length Sample  
Sample No. Grade
g/t ppm
From To Width Au Ag Pb Zn Cu
215.15 215.75 0.55 6527 9.430 40.000 1030.00 270.00 160.00
215.75 216.30 0.55 6528 12.650 27.900 3400.00 1770.00 267.00
216.30 216.85 0.55 6529 6.310 41.600 4380.00 1900.00 232.00
216.85 217.45 0.60 6530 0.518 17.200 2750.00 1815.00 150.00
217.45 218.05 0.60 6531 0.728 22.300 1715.00 1255.00 79.00
218.05 218.40 0.35 6532 0.373 13.300 880.00 999.00 39.00
223.20 223.45 0.45 6533 0.148 5.800 1015.00 1850.00 91.00
224.10 224.35 0.25 6534 0.158 0.800 543.00 775.00 64.00
224.35 224.55 0.20 6535 0.184 7.000 536.00 998.00 77.00
224.55 224.85 0.30 6536 0.301 10.300 872.00 990.00 70.00
224.85 225.20 0.35 6537 0.411 21.600 9800.00 6250.00 269.00
225.20 225.50 0.30 6538 0.073 9.000 1345.00 1860.00 146.00
225.50 225.95 0.45 6539 0.052 4.000 1285.00 2450.00 80.00


Near Term Plans

At the moment, the Company is planning a Phase 2 drill program, that will be designed to test the recently discovered veins, explore for new veins, follow up on the high-grade gold discovery, and to test for possible nearby structural controls to the mineralization.

Upon receiving and reporting the assay results for holes AGT-03 and AGT-04, the company will further enhance its target selection for Phase 2 drilling.

As the Company prepares to start the phase 2 Drill program, it will provide details of the various holes to be drilled, and what they will follow up on from the successful Phase 1 drill program.

Julio Pinto Linares, PGeo, is the qualified person responsible for this release and has prepared, supervised and approved the preparation of the scientific and technical disclosure contained within the release.

About Advance Gold Corp. (AAX.V)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is a “shadows of a headframe” project, adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of Tabasquena project, along a paved road.

In addition, Advance Gold holds a 13.5% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 86.5% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold).

For further information, please contact:

Allan Barry Laboucan,
President and CEO
Phone (604) 505-4753

Nicosia Capital
Investor Relations

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5492/36090_agt-19jul2018-nr1resize.jpg

Figure 1

To view an enhanced version of Figure 1, please visit:

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5492/36090_agt-19jul2018-nr2resize.jpg
Figure 2

To view an enhanced version of Figure 2, please visit:

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5492/36090_agt-19jul2018-nr3resize.jpg

Figure 3

To view an enhanced version of Figure 3, please visit:

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5492/36090_agt-19jul2018-nr4resize.jpg

Figure 4

To view an enhanced version of Figure 4, please visit:

from Newsfile Corp News Releases https://ift.tt/2O4iuOj

Stakeholder Gold Corp. Announces Board of Directors Changes

Toronto, Ontario–(Newsfile Corp. – July 19, 2018) – Stakeholder Gold Corp. (TSXV: SRC) (“Stakeholder” or the “Company“) is pleased to announce the appointment of Mr. Artie Hao Li to the Company’s Board of Directors. Mr. Li is a Chartered Professional Accountant with several years of experience gained in a variety of industries.

The Company also announces the resignation of Mr. Raymond Leach from the Board of Directors. The Company would like to thank Mr. Leach for his service and contributions.

About Stakeholder Gold

Stakeholder Gold Corporation is a Canadian mineral exploration company headquartered in Toronto, Canada. The primary focus of the Corporation during 2018 is to explore the Goldstorm property in Elko County, Nevada (USA). Stakeholder also has titles to the Ballarat Gold Project located in the White Gold District of the Yukon Territory, Canada.

For further information please contact:

Christopher J. Berlet BSc (Mining), CFA
President & CEO
416 525 – 6869

from Newsfile Corp News Releases https://ift.tt/2mt1RyZ

Silver One Signs Lease/Purchase Agreement on Five Patented Claims at Its Cherokee Project, Lincoln County, Nevada

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2018) – Silver One Resources Inc. (TSXV: SVE) (OTC Pink: SLVRF) (FSE: BRK1) (“Silver One” or the “Company”) is pleased to announce that it has entered into a Lease/Purchase Agreement with Castelton Park LLC (“Castelton”) of Sparks, Nevada, to acquire five patented claims constituting 83.5 acres (34 hectares) at its Cherokee project. Four of the patented claims for a total of 80 acres (32 hectares) cover the past-producing Cherokee vein system. These patents lie within the Company’s recently announced Cherokee claim holdings in Lincoln County located in eastern Nevada (see news release from July 9, 2018).

Analytical results from select surface, dump, grab and chip samples, that are not necessarily representative of the mineralization hosted on the property, have returned values on the Patented Claims as high as 953.9 gm/t silver, 0.031 gm/t gold and 4.83% copper (see Figure 1 below). Select samples collected from a possible extension or splay to the Cherokee vein system, just the north of the Patented Claims, returned values as high as 765.4 g/t silver, 1.13 g/t gold and 0.02% Cu. (see Figure 1). The Cherokee property is a large underexplored project underlain by highly prospective geology with potential supported by historic mining efforts and recent surface sampling. The property covers 636 lode claims comprised of approximately 13,000 acres (5,260 hectares), hosting a large structurally-controlled, epithermal silver-copper-gold system. Multiple veins, including Cherokee, Mojoto and Johnny (see Figure 2 below) occur within this structural corridor that has been traced for over 11 kilometers along strike (see Figure 2 below).

Greg Crowe, President and CEO of Silver One Resources, commented, The purchase of these patents gives Silver One the leverage to test the pastproducing Cherokee vein system, where sampling has returned very high-grade silver and copper values from surface sampling. The veins at Cherokee display high level epithermal textures, suggesting these surface exposures may represent only the uppermost levels of a potentially more expansive epithermal mineralized system at depth. This vein system and the entire property remain vastly underexplored. Silver One management believes this addition to the Company’s portfolio of existing quality silver assets represents an excellent opportunity for the potential discovery of a sizeable silver, gold and copper system. Deposits of similar geology, dimensions and grades are being actively mined elsewhere, particularly in the US and Mexico.

The terms of the Lease/Purchase Agreement include three payments over a 2-year lease, consisting of a payment for US$23,125 upon execution of the agreement, US$34,688 on the first anniversary and US$34,687 on the second anniversary. This will provide Silver One with a 100%-interest in all patented claims. The Mill Claim, comprising 3.5 acres (1.4 hectares) and located 2.4 kilometres to the north of the Cherokee project, requires title verification before the final transfer to Silver One. The sum of US$10,000 will be withheld from the second anniversary payment until title transfer to Silver One is finalized. Castelton will also receive a payment of US$100,000 for every 7.5 million silver equivalent ounces of mineral resources calculated on the property, subject to a maximum of US$1,000,000.

Cherokee is an emerging silver district located approximately 75 kilometres south of the historic Pioche mining camp. From 1869 to present, the Pioche area mined over 6 million tons producing in excess of 1 million ounces of gold, 20 million ounces of silver, 7 million pounds of copper, 350 million pounds of lead and 700 million pounds of zinc. Production was initially from gold-silver-copper veins and later from underlying carbonate-hosted replacement-type mineralized bodies. Mineralization at Cherokee is best characterized as epithermal in nature and is hosted in sedimentary and volcanic rocks, which is geologically similar to the past producing mineralized systems at Pioche.

The figures below highlight the property location, the outlines of known veins and key silver, gold and copper sample results. Additional maps and photos can be found on the Silver One website at www.silverone.com.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4730/36091_Cherokee Mine_resize.jpg

Figure 1: Cherokee Mine Ag Geochemistry and Geology Topography

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4730/36091_Cherokee Mine.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4730/36091_Cherokee Mojoto_resize.jpg

Figure 2: Cherokee-Mojoto-Johnny Vein Systems Ag Geochemistry

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4730/36091_Cherokee Mojoto.jpg

Quality Assurance/Quality Control

The samples were hand-delivered by Silver One personnel to the labs to ensure proper chain-of-custody procedures. The samples were assayed by Bureau Veritas (ISO 9001:2008) and American Assay Laboratories (ISO/IEC 17025:2005) located in Reno, Nevada. At the laboratory, the samples were dried, split and assayed. The samples were then analyzed for total gold by fire assay with an AA finish, silver by fire assay with a gravimetric finish and an aqua regia digestion-multi-element scan by ICP-ES.

Over limits of silver and gold were further analyzed by fire assay-gravimetric using a 30-gram sample. Over limits of copper, lead and zinc were analyzed by AAS with aqua regia digestion. As part of the standard operating procedures, both labs also inserted certified blanks, standards and included duplicate analyses.

Qualified Person

The technical content of this news release has been reviewed and approved by Greg Crowe, P. Geo, President and CEO of Silver One, and a Qualified Person as defined by National Instrument 43-101.

About Silver One

Silver One is a silver-focused exploration company that holds an option to acquire a 100%-interest in the past- producing Candelaria Silver Mine project, located in Nevada, from SSR Mining Inc. and a 100% interest in three significant silver assets located in Mexico: Peñasco Quemado in the State of Sonora, La Frazada in the State of Nayarit, and Pluton in the State of Durango acquired from First Mining Gold. As a result of these transactions, SSR Mining Inc. and First Mining Gold are key shareholders of Silver One.

For more information, please contact:
Silver One Resources Inc.
Monica Hamm
VP, Investor Relations
Phone: 604-974-5274
Mobile: 778-389-9928
Email: mhamm@silverone.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Silver One’s control. Such factors include, among other things: risks and uncertainties relating to Silver One’s limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.


from Newsfile Corp News Releases https://ift.tt/2LwiEvQ

Southern Silver Mobilizes Second Drill to Cerro Las Minitas; Targeting Ag-Au Epithermal Vein Systems

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2018) – Southern Silver Exploration Corp. (TSXV: SSV) (“Southern Silver”) reported today an expansion of the exploration program at the CLM West portion of its Cerro Las Minitas project in Durango, Mexico with the mobilization of a second core drill to begin the next phase of the current US$3 million, 2018 exploration program on the project. The second drill will focus on the discovery and delineation of major Ag-Au quartz vein systems within the more recently acquired CLM West claim. The identification of a significant vein system at CLM West would greatly enhance the overall dynamic of the Cerro Las Minitas project through the addition of more precious-metal-enriched (Au-Ag) mineral systems to complement the existing base-metal-enriched (Zn-Ag-Pb) Mineral Resources currently identified on the project and targeted for expansion in the ongoing 2018 drill program.

Initially, 2000 metres of core drilling will test multiple Ag-Au quartz vein targets throughout the CLM West claim group which was acquired at modest cost through staking in 2017 as an addition to the main claims previously purchased by Southern Silver and which contain a mineral resource detailed below. The targets which were identified through a comprehensive sampling program of over 6000 float and rock chip samples, mapping and ground geophysics throughout much of the previous 12 months occur throughout a +10 kilometre x 5 kilometre north-south trending corridor underlying the 207 square kilometre CLM West claim package. Initial drilling will target exposed quartz veins in the northern part of the claims. Previous sampling of these veins returned strongly anomalous pathfinder values (As-Sb-Hg) indicative of the upper levels of a low sulphidation epithermal vein system. Drilling will test to initial depths of over 200 metres in order to evaluate both the depth extent of the veins and the potential of transitioning into a more precious-metal-enriched part of the mineral system.

Numerous other target areas are identified by extensive float sampling in the largely gravel covered property and form distinct clusters or linear trends of sometimes strongly anomalous metal values of gold (0.25 to 1.46g/t Au), silver (13.5 to 5,701g/t Ag), arsenic (250 to 5550ppm As), antimony (735 to +10,000ppm Sb) and mercury (5.6 to 747ppm Hg), which form much of the basis for additional drill testing on the property. Targeting is further refined using ground VLF surveys and some limited trenching.

These quartz-vein targets are similar to productive epithermal vein systems which occur throughout the Mexican Faja de Plata like those currently being mined at the Avino Gold-Silver mine, located just 8km to the NW of the targeted vein exposures and at Hecla Mining’s San Sebastian mine located approximately 50km to the east of CLM West.

President Lawrence Page Q. C. stated, “The identification of a significant low sulphidation epithermal, precious metal system at CLM West when added to the existing skarn-hosted mineral resources of the project would greatly enhance the prospects of the overall property and highlight the true districtscale potential of the Cerro Las Minitas Project with potential contributions from two distinct geologic systems.”

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5344/36086_southernsilvger1.jpg

To view an enhanced version of this graphic, please visit:

Figure 1: 2017-18 float and rock chip sampling on CLM West claim group,
Cerro Las Minitas project
, Durango, Mexico

Area of the Cerro Update

Southern Silver has now completed approximately 2,075 metres of diamond drilling in four drill holes as part of the current 2018 drill program in the Area of the Cerro where a significant resource has been developed. Offset drilling continues to test both up-dip and laterally of mineralization in the Las Victorias area, the North Skarn and the Skarn Front zone.

The drilling is part of an overall program to systematically expand the current Mineral Resource estimate on the Cerro Las Minitas project. The Cerro Las Minitas project as of January 8th , 2018 contains an estimated Indicated Resource, at a 175g/t AgEq cut-off, of 33.6Mozs silver and 319Mlbs of lead and 813Mlbs zinc (116.1Mozs AgEq) and an estimated Inferred Resource of 20.7Mozs silver, 131Mlbs lead and 870Mlbs zinc (92.7Mozs AgEq).(1)

Pre-development studies on the project continue with further refinement of the metallurgical characterization of the mineralized zones initially reported in May 2018 and preliminary mine design and engineering studies.

The Cerro Las Minitas project operates on a joint venture basis by Southern Silver at a 40% interest and Electrum Global Holdings LP at a 60% interest. Southern Silver is operator of the project. Since formation of the Joint Venture in September, 2017, the partners have approved over US$3.5 Million in exploration on the project.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious metals exploration and development company with a focus on the discovery of world-class mineral deposits in north-central Mexico and the southern USA. Our specific emphasis is the Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, San Martin, Naica, Los Gatos and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing, along with our partner, Electrum Global Holdings LP, the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine.

The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.  The Oro property consists of patented land, State leases and BLM located mineral claims which cover a highly prospective quartz-sericite-pyrite alteration zone, interpreted to overlie an unexposed porphyry centre and distal sediment-hosted, oxide-gold target.

  1. The 2018 Cerro Las Minitas Resource Estimate was prepared following CIM definitions for classification of Mineral Resources. Resources are constrained using mainly geological constraints and approximate 10g/t AgEq grade shells. The block models are comprised of an array of blocks measuring 10m x 2m x 10m, with grades for Au, Ag, Cu, Pb, Zn and AgEq values interpolated using ID2 weighting. The models identified at a 175g/t AgEq cut-off, an indicated resource of 10,135,000 tonnes averaging 102g/t Ag, 0.1g/t Au, 1.4% Pb, 3.6% Zn and 0.15% Cu and a cumulative inferred resource of 8,685,000 tonnes averaging 74g/t Ag, 0.04g/t Au, 0.7% Pb, 4.5% Zn and 0.15% Cu. Mineral Resource cut-offs are estimated using an average long-term price of $16/oz silver, $1,200/oz gold, $2.75/lb Cu, $1.00/lb lead and $1.10/lb zinc and metal recoveries of 82% silver, 86% lead 80% copper and 80% zinc. AgEq calculations did not account for relative metallurgical recoveries of the metals. All prices are stated in $USD. Mineral Resources are conceptual in nature and as such do not have demonstrated economic viability.

    The current Resource Estimate was prepared by Garth Kirkham, P.Geo. of Kirkham Geosciences Ltd. who is the Independent Qualified Person responsible for presentation and review of the Mineral Resource Estimate.

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and responsible for the supervision of the exploration on the Cerro Las Minitas Project and for the preparation of the technical information in this disclosure.

On behalf of the Board of Directors

“Lawrence Page”
Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver’s website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

from Newsfile Corp News Releases https://ift.tt/2NwyKGH

Philippine Metals Announces Private Placement and Shares for Debt Settlement

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2018) – Philippine Metals Inc. (“PMI” or the “Company”) is pleased to provide the following announcements.

Private Placement Financing: PMI will be proceeding with a non-brokered private placement of up to 2,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $100,000. Each Unit will include one common share of the Company and one half of one transferable common share purchase warrant (each full warrant, a “Warrant”). Each Warrant will entitle the holder to acquire a common share at a price of $0.10 for a period of 24 months. The net proceeds of the private placement will be used for general working capital purposes.

Shares for Debt Settlement: The Company also announces it has entered into an agreement to settle $70,000 of outstanding debt obligations owed to certain members of management through the issuance of 1,400,000 common shares at a deemed price of $0.05 per Share. Due to market conditions, management has agreed to forego any compensation effective April 1, 2018. The issuance of the shares is subject to the approval of the TSX Venture Exchange. In accordance with applicable securities laws, the shares will be subject to a hold period of four months and one day from the date of completion of the debt settlement. The debt settlement is a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the debt settlement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The transactions contemplated herein may be subject to, among other things, the approval of the TSX Venture Exchange and certain other regulatory agencies.


“Craig T. Lindsay”

Chief Executive Officer

For additional information, please contact:

Craig Lindsay

Tel: (604) 683-2507

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

from Newsfile Corp News Releases https://ift.tt/2uOhKUF

C21 Closes Financing for $5,330,000 Gross Proceeds

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2018) – C21 Investments Inc. (CSE: CXXI) (the “Company” or “C21“) announces it has closed the private placement disclosed in News Releases dated June 28, 2018 and July 9, 2018 for gross proceeds of Cdn$5,330,000.

In accordance with the provisions of Subscription Agreements, on July 19, 2018 the Company issued a total of 2,132,000 Units at Cdn$2.50 per Unit, each Unit consisting of one common share (the “Shares”) and one-half (1/2) share purchase warrant, each whole warrant entitling the holder to purchase one (1) additional common share (for a total of up to 1,066,000 Warrant Shares) at Cdn$5.00 per Warrant Share on or before July 18, 2019.

The Shares, together with any Warrant Shares that may be issued on exercise of the Warrants (except for 1,280,000 Units that were issued to consultants, and accordingly are not subject to a hold period), will be subject to a hold period under applicable Canadian securities laws expiring on November 20, 2018, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.

As previously disclosed, proceeds raised will be used toward expenditures required for new acquisitions currently under negotiation, and for general working capital purposes.


SIGNED: “Keturah Nathe

Keturah Nathe, Director
For more information contact:
Keturah Nathe Tel: (604) 336-8613

The CSE has not accepted responsibility for the adequacy or accuracy of this release.

from Newsfile Corp News Releases https://ift.tt/2JBBRL9