Panoro Announces the Approval of Environmental Impact Assessment Expansion at Cotabambas

By Scott Tibballs

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Panoro Minerals (TSXV:PML) has announced the approval of the expansion of the semi-detailed environmental impact assessment (EIAsd) for the Cotabambas project in Peru. This is the second expansion approved to the original EIAsd and includes the area of the Chaupec skarn target zone.

President and CEO of Panoro, Luquman Shaheen said:

“The approval of the expansion of the EIAsd allows Panoro to extend its exploration drilling program into the highly prospective areas of cluster 2. Cluster 2 has been the subject of extensive recent mapping, sampling and geophysical survey studies by Panoro. These studies have identified the occurrence of skarn copper-gold-silver mineralization over extensive areas. Panoro’s exploration plans for cluster 2 will target the addition of high grade near surface skarn mineralization to the current mine plan to further enhance the economics of the project. The scale of the resource potential in cluster 2 may be significant with the potential to increase the scale of the project identified in the current PEA.”

Click here to read the full Panoro Minerals (TSXV:PML) press release.


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Continental Gold Continues to Drill High-Grade Gold Over 1,200 Vertical Metres at Veta Sur

By Priscila Barrera

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Continental Gold (TSX:CNL; OTCQX:CGOOF) is pleased to announce results from nine diamond drill holes into the Veta Sur system as part of its 2018 drilling program at its 100-percent-owned Buriticá project in Antioquia, Colombia.

As quoted in the press release:

“With excellent progress being made in underground development for the mine, we are becoming much better-positioned to drill the orebodies from short distances,” commented Ari Sussman, CEO. “The analytical results today continue to confirm our hypotheses for the Veta Sur system—namely that infill drilling improves the grade of master veins, which will provide the bulk of mine production, and that the vertical dimension of high-grade veins remains continuous at depth, providing additional mining flexibility and potential for production to continue many years past the feasibility mine plan.”

Click here for the full text release


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First Mining Intersects 2.44 g/t Gold Over 108 Metres 10kms Northeast of Current Resource Area

By Priscila Barrera

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First Mining Gold (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) is pleased to announce initial fire assay results from a regional exploration drilling program, currently underway at the company’s wholly-owned Goldlund Gold property (“Goldlund”) in northwestern Ontario, Canada.

As quoted in the press release:

Jeff Swinoga, president and chief executive officer of First Mining, stated, “This discovery of significant gold mineralization over such lengths and depths at the Miller prospect is a striking success on its own. However, of much greater significance to the bigger picture at Goldlund, is that today’s results confirm the presence of Goldlund-style mineralization approximately 10 kilometres from the current resource area along strike of this 50 kilometre long property and indicate the near-term exploration potential to expand the Goldlund resource. Of the eight drill holes, seven had occurrences of visible gold.”

Click here for the full text release


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SEMAFO Updates on Security in Burkina Faso

By Priscila Barrera

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SEMAFO (TSX, OMX: SMF) announces an update on its security measures in Burkina Faso following two armed incidents last week. The Mana and Boungou Mines continue to operate without interruption.

As quoted in the press release:

Boungou Mine
The transport of personnel and supplies has resumed between the Boungou Mine and Ouagadougou under our adjusted security protocol. All expatriate employees are now being transported by helicopter between the two locations. In addition, a ground military force has been deployed on the route between the mine and the capital city. These measures, combined with a heightened escort presence, will ensure transportation of national employees to and from the mine to their villages.

Click here for the full text release


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Additional Drill Results at the Curipamba Project

By Scott Tibballs

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Adventus Zinc (TSXV:ADZN) and Salazar Resources (TSXV:SRL) have announced additional 2018 drill results at the Curipamba project in Ecuador including 3.71 metres of 3 percent copper, 36.55 grams per tonne (g/t) gold, 32.17 percent zinc, 411.3 g/t silver and 6.80 percent lead.

As highlighted in the press release:

  • CURI-278 intersected 4.58 metres of 5.29 percent copper, 19.60 g/t gold, 31.75 percent zinc, 364.2 g/t silver, and 2.88 percent lead for 35.92 percent copper equivalent
  • CURI-285 intersected 8.16 metres of 2.17 percent copper, 19.67 g/t gold, 23.17 percent zinc, 229.0 g/t silver, and 4.01 percent lead for 28.40 percent copper equivalent; including 3.71 metres of 3.00 percent copper, 36.55 g/t gold, 32.17 percent zinc, 411.3 g/t silver, and 6.80 percent lead for 47.02 percent copper equivalent
  • CURI-288 intersected 18.55 metres of 5.05 percent copper, 0.98 g/t gold, 0.19 percent zinc, 12.6 g/t silver, and 0.02 percent lead for 5.92 percent copper equivalent

Click here to read the full Adventus Zinc (TSXV:ADZN) and Salazar Resources (TSXV:SRL) press release.


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Brixton Metals Provides Update on its Hog Heaven Silver-Gold-Copper Project

By Hamza Ghaznavi

Brixton Metals Corporation (TSXV:BBB) is pleased to provide an update on its Hog Heaven project data review, new geophysical data acquisition and short term project development plans.

Highlights from the work to date at the Hog Heaven project:

  • Completed the historical assay data entry and drill log data entry. Total metres historically drilled on the project is 57,498m from 722 drill holes as rotary, reverse circulation and diamond drill core
  • Completed 724 line kilometers VTEM Plus and horizontal magnetic gradiometer survey
  • Completed the acquisition of 60 square kilometers of Lidar and digital aerial photography
  • Received the exploration/drilling permit from Montana Department of Environmental Quality
  • Renewed the operating permit with Montana Department of Environmental Quality
  • Construction of a new core facility has been completed
  • Brixton funded 2 M.Sc. research studies with Montana Tech University to look at alteration and ore mineralogy to further understand the hydrothermal fluid system to provide vectors for feeder zones of the mineralization

Chairman and CEO of Brixton, Gary R. Thompson stated, “The Hog Heaven project, which hasn’t seen any work since the mid-90s, is now drill ready. The project represents a high quality high-grade asset that we rarely see available in the market these days. The initial drill programs should focus on infill and confirmation drilling to support a NI-43-101 resource estimate and to confirm the presence of new mineralization on the property. Targets include near surface high sulphidation high-grade polymetallic-silver-gold rich veins and breccia, which is believed to be related to a porphyry target at depth. We are excited to drill some fresh core on the project.”

A detailed presentation on the Hog heaven projects is available at the following link:

http://brixtonmetals.com/wp/wp-content/uploads/2018/08/Hog-Heaven-August-2018-small.pdf

Drilling

Brixton is planning to initiate a nine hole drill plan for the fall of 2018 to twin and confirm some of the previous drilling and to test the high-grade feeder zones to the west of the Main Mine zone and south of the Ole Hill zone. Phase two drilling will focus on expanding the known mineralized zones, infilling areas of sparser drilling and testing some of the nearby compelling targets. Additional holes will test newly generated targets. The proposed drilling program is subject to future financing.

A table of Historical Drilling Highlights: As previously released on January 15, 2018
Hole ID From (m) To (m) Interval (m) Ag g/t AgEq g/t
FD-75-2 204 244 40 155 336
FD-75-4 163 205 42 96 275
FD-75-5 69 78 9 95 253
FD-75-6 81 93 12 111 165
FD-76-27 114 133 18 633 695
BOD-79-2 0 11 11 472 490
BOD-79-2A 0 9 9 680 744
AFR-79-2 55 59 5 738 913
AFR-79-5 107 119 12 1089 2330
AFR-79-5 279 305 26 211 268
AFR-79-9 49 55 6 608 694
AFD-79-8 43 66 23 599 687
AFU-80-1 44 56 12 349 535
AFR-80-4 108 136 27 329 527
AFR-80-9 93 168 75 210 338
AFR-80-26 17 84 67 302 391
AFD-81-24** 189 251 62 155 182
AFR-81-8** 61 116 55 254 411
AFR-81-26** 40 72 32 276 318
AFR-81-38A** 38 91 53 411 643
AFR-81-40** 0 43 43 356 375
R-83-52** 107 125 18 372 633
* Silver Equivalent values (AgEq) were calculated using the formula AgEq = $1,200 x Au g/t ÷ 31.104 + $17 x Ag g/t ÷ 31.104 + $3 x % Cu ÷ 100 x 2204.63 + $1 x % Pb ÷ 100 x 2204.63 + $1.20 x % Zn ÷ 100 x 2204.63/$17 x 31.104. This method assumes full metal recoveries. Metal prices used in this calculation include: $17 per ounce for Ag, $1200 per ounce for Au, $3 per pound for Cu, $1.2 per pound for Zn and $1 per pound for Pb.
** These intercepts have incomplete assay data for Cu, Pb and Zn.
Note: The Qualified Person (“QP”) for Brixton cannot verify the drill results reported in the tables above or the other technical information set out in this news release. The precise location of the drill cores from the program is presently unknown and they have not been inspected by the QP, and therefore Brixton has not undertaken any re-logging, resampling or check assays; however, Brixton has no reason to doubt the results and considers the results relevant and suitable for disclosure. Data from the above drill results are historical results and it is unknown what type of quality-control programs were performed at the time. The QP also advises that true width of the above results cannot be determined at this time.

Geophysical surveys:

During May 2018, Brixton contracted Geotech Ltd. to carry out a helicopter-borne geophysical survey over the project. A total of 724 like-kilometers of geophysical data were acquired and consisted of Versatile Time-Domain (VTEM) Plus and horizontal magnetic gradiometer surveys.

The survey has been successful in identifying several magnetic and EM anomalies. It was observed that generally, known mineralization is located along magnetic low margins. Brixton is planning to drill test some of the magnetic anomalies, with the objective to identify additional high grade Ag-Au-Cu-Pb-Zn mineralization as well as testing for porphyry mineralization potential of the project.

Exploration Upside:

Main Mine Zone

The Main Mine zone is the most advanced target at the Hog Heaven Project and where most of the historical work was undertaken. The mineralization consists of Ag-Au-Cu-Pb-Zn mineralization that occurs at the contact between latite porphyry and volcanoclastics. There is a strong vertical and lateral metal zonation with increasing Au-Cu grades at depth within flat-lying ore bodies and a core of Ag +/- Au is haloed by Pb and Zn +/- Cu. The Main Mine zone was subject to a positive feasibility study produced by Coca Mines in 1988, but the mine construction was halted due to silver and gold prices dropping in 1990 (see News Release dated June 22, 2017). The Main Mine zone presents excellent exploration upside near surface as well as at depth (feeder zone).

Ole Hill Zone

Historically, mineralization has also been outlined in the Ole Hill area and occurs along the contact between, and within, both volcanoclastics and Precambrian siltites. Generally the gold content is higher at the Ole Hill zone than the Main Mine zone. Brixton is planning to drill test the extent of know mineralization at depth and on strike (some of the historic drillholes ended in mineralization).

Other Exploration Targets: In addition to the Main Mine and Ole Hill targets, nineteen historic adits and workings have been identified within the area. Two of the prospects occur at the contact between the Tertiary intrusive and volcaniclastic rocks, similar to the Main Mine. Three of the prospects occur in the Late Proterozoic Belt Supergroup rocks which Mauk (1983) believed to be part of the Revett Formation of the Ravalli Group.

Mary-Ann Bergmann Mine

The Mary-Ann Bergmann Mine had high grade ore mined …read more

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South Voisey’s Bay Project Expands as Fjordland Options Claims in Labrador

By Anwesha Sengupta

Commander Resources Ltd. (TSXV: CMD) (“Commander”) is pleased to report that its project partner Fjordland Exploration Inc. (“Fjordland”) (TSXV: FEX) has expanded the company’s South Voisey’s Bay nickel-copper-cobalt project (the “SVB Property”) located 80 kilometres south of Vale’s Voisey’s Bay nickel mine in Labrador, Canada. Fjordland has signed a Letter of Intent with a consortium of private claim holders granting Fjordland the option to acquire a 100% interest in 38 mining claims located in the South Voisey’s area, Labrador. Under the terms of the agreement, Fjordland has the option to pay to the consortium $110,000 and incur $120,000 in exploration expenditures over a period of three years. The Vendors retain a 3% net smelter royalty that may be reduced to 1% by paying $600,000 for the first 1% reduction and $1,200,000 for the second 1% reduction.

The property is contiguous to mineral tenure held by Fjordland and Commander as part of their South Voisey’s Bay nickel-copper-cobalt Project (“SVB Project”). Fjordland’s strategic investor, High Power Exploration Inc. is funding this year’s $1.2 million work program.

Robert Cameron, P. Geo. is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release.

About Commander Resources:

Commander Resources is a Canadian focused exploration company that has leveraged its success in exploration through partnerships and sale of properties, while retaining equity and royalty interests. Commander has a portfolio of base and precious metal projects across Canada and significant equity positions in Maritime Resources Corp. (MAE-TSX.V) and Aston Bay Holdings (TSXV: BAY). Commander also retains royalties from properties that have been partnered, optioned or sold.

On behalf of the Board of Directors

Robert Cameron, P. Geo.
President and CEO

For further information, please call:
Robert Cameron, President and CEO
Toll Free: 1-800-667-7866
info@commanderresources.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 include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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Four Au/Ag Mineralized Trends Discovered on the La Tuna Property

By Anwesha Sengupta

VVC Exploration Corp (TSXV:VVC) announces that a third phase of exploration has defined 4 parallel to sub parallel, gold/silver mineralized zones / trends on the La Tuna Property (the “Property”), located in northern Sinaloa and Sonora states, Mexico. Rock sample and soil analysis, combined with rediscovered artisanal exploration / mine workings, show areas of significant gold/silver values with associated base metal mineralization in 4 mineralized trends over 400 m along strike and 300 m across strike, in the area of La Perdida and La Plomosa artisanal adits. The third phase of exploration in May, carried out by Peter Dimmell, P.Geo, a director of VVC, Jocelyn Pelletier, P.Geo. and Jose Lupe Lopez, personnel from contractor Invesmin St. Michel (ISM), followed evaluations in January and February by ISM personnel, which are described in a news release dated February 27, 2018.

Highlights
1) The exploration to date, all in La Perdida (LPE) / La Plomosa (LPL) area, in the eastern part of the La Tuna property, has defined four parallel to subparallel, mineralized trends, from north to south, LPE, PP1, PP2 and LPL (see Figures 1 and 2 on the Company’s website and filed on SEDAR) over 400 m along strike and 300 m across strike. LPE and LPL are defined by artisanal adits and pits while the two central ones are defined by pits and rock samples only. Based on the state of the pits and adits, which are overgrown by vegetation, including Saguaro cactus up to 50 cm across, it is estimated that the artisanal mining/exploration took place 40 to 50 years ago at least and there is no evidence of modern exploration, including drilling, in the area.

2) The gold / silver mineralization is associated with base metals and anomalous arsenic with samples with semi massive to massive pyrite / hematite giving the highest values of 61.1 g/t Au and 49.4 g/t Ag at La Perdida and >25 g/t Au and 104 g/t Ag and another grading 0.42 g/t Au and 630 g/t Ag at La Plomosa (see previous news release for adit assay info). Pyrite/chalcopyrite in narrow (25 cm) quartz veins in the artisanal pits in the LPL area also give good Au values with a selected grab sample (JP-029) giving 3.1 g/t Au and 158 g/t Ag with 2230 ppm Cu, 9140 ppm Pb and associated As at 1710 ppm from a pit located on Line L2. Mineralization which is variable in grade from background (<10 ppb Au) to the higher grade values, is associated with potassic alteration consisting of white micas (sericite), and pervasive pyrite/hematite.

3) Soil samples were taken to the east and west of the LPL adits, from the A/B horizon, by digging with a shovel until rock was encountered, at approximately 10-25 cm depth with the sample taken above the rock, either talus or outcrop. Results (see Figure 2 on Company`s website) show anomalous areas in Au, Ag and base metals on both lines, associated, but downhill, of the rediscovered artisanal pits. Values range for Au – background ( 50 ppb, Ag – background (0.2) to 4.36 ppm with 7 > 2 ppm, Cu – background ( 200 ppm, Pb – background ( 500 ppm and Zn – background ( 1000 ppm. Background, determined empirically, is considered to be higher than usual, possibly indicating weaker mineralization is present through the area. The soil results fit well, although somewhat downhill, of the 2 new mineralized trends and the adit trend defined in the LPL area, mainly to the north of the artisanal adits.

4) Narrow (1 cm or less) low sulphidation (LS) style banded quartz veins (L1 LS veins) were noted in ignimbrite float cobbles near the top of the hill on soil line L1. No outcropping ignimbrite units were noted and no anomalous values in gold or silver were found. Prospecting up hill, to the south, of the float location was not carried out due to lack of time.

Jim Culver, CEO of VVC, said, “We are particularly excited by the results of the third phase of exploration especially the recognition of four mineralized trends of gold/silver mineralization and that there is no evidence of modern exploration, including drilling, in the area of the artisanal adits and pits that define the trends. The sampling, both of rocks and soils, in a very small portion of the Property, gives high grade gold/silver values at surface. The next step is evaluation of the entire Property to discover and define the mineralized zones and their geological and structural setting, to be followed by a trenching / drilling program.”

About the La Tuna Project
The 100%-owned Property is a 3,532-hectare, early stage exploration property, with a strike length of 9 km, prospective for epithermal, high and low sulphidation gold/silver mineralization, located 65 km to the west of Los Mochis in the Cordillera Madre del Sur. The Property is in the Choix region, < 12 km from Minera Cornay May S.A de CV ‘s Alamo Dorado Mine (7.7M tons at 77 g/t Ag and 0.32 g/t Au). The area is close to infrastructure with roads, water reservoirs, powerlines and railways either close to, or crossing, the Property.

The Property lies in a complex accreted arc terrane that developed during the Mesozoic Era that hosts gold rich, porphyry copper, deposits in other parts of Mexico. The terrane is comprised of an interbedded sequence of bimodal volcanics and volcaniclastics that are weakly deformed. The Sonora tonalite-granodiorite intrusives, tuffs and high sulphidation alteration are interpreted to be a younger event, correlating with the Laramide Orogeny in the …read more

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Enforcer Gold terminates option agreement on the Montalembert Gold Property

By Hamza Ghaznavi

Enforcer Gold Corp. (TSXV:VEIN) announces that it has determined not to proceed with its option to acquire a 100% interest in the Montalembert Property located in Quebec. Pursuant to the Option Agreement dated November 16, 2016, Enforcer has provided ninety (90) days written notice to Globex Mining Enterprises Inc. (“Globex”) (TSX: GMX) to terminate the option, effective November 15, 2018.

Enforcer’s comprehensive 2017-18 exploration program at Montalembert included a 1,711 line- kilometre high-resolution aeromagnetic VLF-EM survey, a 45 line-kilometre induced polarization (“IP”) survey over the historic vein occurrences, stripping and channel sampling along the Galena-No.2-3 veins followed by 45 HQ core holes totalling 5,784 m. Additionally, reconnaissance prospecting lead to the discovery of the OR79 zone, which was further tested by an IP survey and 18 NQ core holes totalling 1,749 m. Overall, assay results from drill testing along each of the vein structures were significantly lower than results obtained from surface sampling and a very strong nugget effect on the distribution of gold is apparent. After a thorough review of the 2017-18 exploration results, the Company has determined that no further exploration is warranted by Enforcer on the Montalembert property.

Enforcer retains a 100% interest in its Waswanipi Gold Project, a 19,352-hectare (47,818-acre) property acquired in 2018 that adjoins to the west and northeast of the Montalembert Property. The land position covers a classic Abitibi greenstone belt sequence of deformed intermediate to mafic volcanics, felsic to mafic intrusive rocks and feldspar porphyry. Based on government assessment files, very limited exploration for gold has been conducted over the project area. Of this land package, Globex retains a 1.5% NSR on all claims acquired within 3 km of the external boundary of the Montalembert Property (see press release dated February 1, 2018).

About Enforcer Gold Corp

Enforcer Gold Corp is a Canadian-based mineral exploration company and is earning a 50% interest in the advanced-stage Roger porphyry gold-copper project from SOQUEM. Roger hosts the Mop-II gold-copper deposit located 5 km from the mining center of Chibougamau, Quebec in the prolific Abitibi greenstone belt.

Enforcer’s VP Exploration, Antoine Fournier, PGeo, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this news release.

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.

Click here to connect with Enforcer Gold Corp. (TSXV:VEIN) for an Investor Presentation.

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Drilling Results Show Additional near Surface Copper Mineralization – Samalayuca Property, Chihuahua State, MX

By Hamza Ghaznavi

VVC Exploration Corp (TSXV:VVC) today announced assay results from 6 additional diamond drill holes (DDH) from the ongoing drilling program at its Samalayuca Copper Property (the “Property”) in northern Chihuahua State, Mexico. A total of eleven DDH’s have now been completed in the Gloria Extension Zone (GEZ). The results from five of these holes (SC17-22, SC17-23, SC18-24, SC18-25 and SC18-26) have previously been reported. All eleven DDH’s which tested the zone intersected significant copper mineralization as detailed in the table below.

This completes the drill program on the GEZ, with the results defining and extending the copper mineralization in the near surface zone. A total of 1,299.5 meters have been drilled in eleven holes, two in 2017 and nine in 2018. The drill holes, which tested a 200-meter section of a 350-meter strike length zone, all intersected near surface, copper mineralization. The Company commenced drilling in early August in the Gloria Extension East Zone (GEEZ), located 20 meters to the east of the GEZ, separated from it by a fault. The GEEZ is an “on strike” extension of the GEZ with copper mineralization traced by artisanal miners over an 850 m strike length.

Results from the eleven (11) drill holes testing the GEZ, are summarized below, with only values >0.1% Cu shown.

Hole Number From (m) To (m) Length (m) Ag (ppm) Cu (%)
SC17_022 14.5 42.25 27.75 7 0.510
SC17_023 10 61 51 5 0.36
SC18_024 8 38 30 6 0.342
Including 9 23 14 10 0.539
SC18_024 53 59.5 6.5 5 0.223
SC18_025 Sec 1 57.2 65 7.8 7 0.394
SC18_025 Sec 2 69 77.9 8.9 4 0.270
SC18_025 Sec 3 84 115 31 6 0.394
SC18_026 Sec 1 34 59 25 7 0.433
SC18_026 Sec 2 126.4 129.2 2.8 3 0.194
SC18_027 52.5 60.5 8 3 0.214
SC18_028 19.7 51.5 31.8 2 0.376
SC18_029 Sec 1 8.5 26.5 18 1 0.310
SC18_029 Sec 2 68 72 4 19 0.967
SC18_030 36 89 53 6 0.357
SC18_031 84.7 93.7 9 4 0.215
SC18_032 Sec 1 3.95 11 7.05 3 0.195
SC18_032 Sec 2 58 64 6 3 0.462

GEZ Drilling

The GEZ is a copper mineralized zone, previously discovered and mined by artisanal miners (gambusinos) in the 1950’s and 1960’s, from two shallow open pits. VVC started diamond drilling in November 2017 and completed the last of the eleven DDH, SC-17-022, SC-17-023 and SC-18-024-032 in July. Results from the first five DDH have previously been reported, with the three most recent, SC-18-024-026, reported in a news release dated August 2, 2018.

VVC’s Chairman, Dr. Terrence Martell pointed to the results from the GEZ as further confirmation of the potential of the Company’s Samalayuca Copper Property and added. “We are now focused on drilling the 850-meter strike length of the GEEZ where eight holes have been drilled to date, all intersecting near surface copper mineralization. Assays are pending and will be announced when received.”

A plan map and sections 425E, 475E, 525E, 575E, show the dimensions of the copper mineralization in the GEZ. The maps and sections along with drill locations and results can be viewed on our website at: www.vvcexpl.com.

Exploration Summary – Samalayuca – 2018 Phase III Drilling Program

The Company’s Samalayuca Phase III drilling program, planned for 3000 meters, began in May 2018 and is expected to be completed in September 2018. The drilling is intended to further evaluate the potential of the GEZ and GEEZ areas, and to evaluate mineralized zones in previously mined areas at La Concha and an area which includes the Zorra, Suerte, Juliana and Trinadad artisanal pits, none of which have been drilled by VVC.

The Company’s goal is to define the thickness and grade of the mineralized zones and their structural / lithologic settings using information gained from structural mapping and drilling. The drilling shows the potential of the property to host significant stratiform copper mineralization, which has been traced for over 5 km based on the shallow artisanal mines and VVC’s drilling of the 32 DDH completed to date.

Geology

The Samalayuca property covers copper mineralisation in the Samalayuca Sierra, characterised as Stratiform Copper Deposit type, as recognized by qualified persons, Michel Gauthier and Jocelyn Pelletier (2012), and Jacques Marchand and Michel Boily (2013). Fine disseminated chalcopyrite-bornite and associated oxide copper minerals, common to these deposits, are noted in a wide chloritized zone along the Sierra with mineralized zones from 3 to 36 m wide, true thickness, as defined in the old surface pits. The stratigraphy strikes NW and dips gently, approximately 25 degrees to the NE, although it is variable. Vertical faults can generate supergene copper enrichment when they cut the mineralised strata. The old mining works by the artisanal miners (gambusinos) targeted the higher grade, surface, copper zones, exploiting them by shallow (< 20 m deep) open pits and hand cobbing the ore for direct shipping to the smelter.

Analysis and QA/QC

A total of 1189 core samples were sent to the ALS Chemex laboratory in Chihuahua city, MX for analysis by their ICP61 technique. Mineralisation is mainly oxidized copper minerals such as malachite, azurite, chrysocolla, brochantite, and others with some disseminated copper sulphides, such as chalcopyrite, bornite, and chalcocite.

ALS Chemex analytical services are accredited by SANAS and are carried out with a quality assurance protocol in line with ISO 17025:2005. Samples are stored at the Corporation’s field camps, then put into sealed bags until delivered by company personnel to the laboratory where the samples are prepared and analyzed. Samples are logged in the tracking system, weighed, dried and finely crushed to better than 70% passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of up to 1,000 g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh) screen, and a 50-gram split is analyzed. Blanks, duplicates and certified reference material (standards) are inserted to monitor laboratory performance.

This news release has been reviewed for accuracy and compliance under National Instrument 43-101 by Peter M. Dimmell, BSc., P.Geo. (NL, ON), a VVC Director and Qualified Person as defined by NI 43−101, Standards of Disclosure for Mineral Projects. He has approved the scientific and technical disclosure in the news release.

About VVC Exploration Corporation

VVC is a Canadian exploration and mining company focused on the exploration and development of copper and gold deposits in Northern Mexico, specifically the Samalayuca copper …read more

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