Roxgold Grants Stock Options and Performance Share Units

TORONTO, Jan. 19, 2017 /PRNewswire/ – Roxgold Inc. (“Roxgold” or “the Company”) (TSX.V: ROG)  announces that in accordance with its Stock Option Plan, the Company has granted senior management and executives incentive stock options to purchase up to an aggregate of 2,062,500 common shares, exercisable on or before January 19, 2022 at a strike price of $1.50. The incentive stock options represent the 2017 annual options grant.

The Company has also granted 1,471,667 Performance Share Units (“PSUs”) to employees and executives, which are subject to certain vesting provisions.   

About Roxgold

Roxgold is a gold mining company with its key asset, the high grade Yaramoko Gold Mine, located in the Houndé greenstone region of Burkina Faso, West Africa. The Company declared commercial production on October 1, 2016. Roxgold trades on the TSX Venture Exchange under the symbol ROG and as part of the Nasdaq International Designation program with the symbol OTC: ROGFF.

“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 release.” This news release contains forward-looking information. Forward looking information contained in this new release includes, but is not limited to, statements with respect to: (i) the estimation of measured, inferred and indicated mineral resources and probable mineral reserves including, without limitation, statements with respect to the potential establishment of new mineral resources and the expansion potential of existing mineral resources/reserves; and (ii) the success of exploration and development activities; and (iii) the technical report entitled “Technical Report for the Yaramoko Gold Project, Burkina Faso” dated June 4, 2014 (the “Feasibility Study”). These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. In certain cases, forward-looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and mineral reserves (and potential establishment and increases in respect thereof), the realization of resource estimates and reserve estimates, gold metal prices, the timing and amount of future exploration and development expenditures, and materials to continue to explore and develop the Yaramoko project in the short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration, risks relating to variations in mineral resources and mineral reserves, grade or recovery rates resulting from current exploration and development activities (including risks that new mineral resources may not be established, or the anticipated expansion potential of existing mineral resources/reserves may not be realized), risks relating to changes in gold prices and the worldwide demand for and supply of gold, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources and mineral reserves, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, capitalization and liquidity risks, risks related to disputes concerning property titles and interest, and environmental risks. Please refer to the Company’s Annual Information Form dated April 10, 2015 filed on SEDAR at www.sedar.com for political, environmental or other risks that could materially affect the development of mineral resources and mineral reserves. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

SOURCE Roxgold Inc.

Roxgold Grants Stock Options and Performance Share Units

TORONTO, Jan. 19, 2017 /PRNewswire/ – Roxgold Inc. („Roxgold” or „the Company”) (TSX.V: ROG)  announces that in accordance with its Stock Option Plan, the Company has granted senior management and executives incentive stock options to purchase up to an aggregate of 2,062,500 common shares, exercisable on or before January 19, 2022 at a strike price of $1.50. The incentive stock options represent the 2017 annual options grant.

The Company has also granted 1,471,667 Performance Share Units („PSUs”) to employees and executives, which are subject to certain vesting provisions.   

About Roxgold

Roxgold is a gold mining company with its key asset, the high grade Yaramoko Gold Mine, located in the Houndé greenstone region of Burkina Faso, West Africa. The Company declared commercial production on October 1, 2016. Roxgold trades on the TSX Venture Exchange under the symbol ROG and as part of the Nasdaq International Designation program with the symbol OTC: ROGFF.

„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 release.” This news release contains forward-looking information. Forward looking information contained in this new release includes, but is not limited to, statements with respect to: (i) the estimation of measured, inferred and indicated mineral resources and probable mineral reserves including, without limitation, statements with respect to the potential establishment of new mineral resources and the expansion potential of existing mineral resources/reserves; and (ii) the success of exploration and development activities; and (iii) the technical report entitled „Technical Report for the Yaramoko Gold Project, Burkina Faso” dated June 4, 2014 (the „Feasibility Study”). These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. In certain cases, forward-looking information may be identified by such terms as „anticipates”, „believes”, „could”, „estimates”, „expects”, „may”, „shall”, „will”, or „would”. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and mineral reserves (and potential establishment and increases in respect thereof), the realization of resource estimates and reserve estimates, gold metal prices, the timing and amount of future exploration and development expenditures, and materials to continue to explore and develop the Yaramoko project in the short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration, risks relating to variations in mineral resources and mineral reserves, grade or recovery rates resulting from current exploration and development activities (including risks that new mineral resources may not be established, or the anticipated expansion potential of existing mineral resources/reserves may not be realized), risks relating to changes in gold prices and the worldwide demand for and supply of gold, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources and mineral reserves, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, capitalization and liquidity risks, risks related to disputes concerning property titles and interest, and environmental risks. Please refer to the Company’s Annual Information Form dated April 10, 2015 filed on SEDAR at www.sedar.com for political, environmental or other risks that could materially affect the development of mineral resources and mineral reserves. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

SOURCE Roxgold Inc.

Eastfield Resources Completes Sale of Tonopah Claims

Vancouver, BC / TheNewswire / January 19, 2017 – Eastfield Resources Ltd. (“Eastfield”) (TSX-V: ETF) would like to announce the completion of the sale of seven of its patented mining claims at Tonopah, Nevada to West Kirkland Mining Ltd. (TSX-V: WKM). These claims are adjacent to the mine development of the Three Hills Deposit owned by West Kirkland. Eastfield received a total compensation of $285,000 from West Kirkland.

Eastfield still owns 18 patented mining claims in the district that have good exploration potential for lode/vein gold/silver discovery. The Tonopah District was one of the largest silver districts in Nevada in the early 1900’s.

Eastfield remains active on a number of fronts and maintains a property portfolio of mineral projects particularly sensitive to copper and gold. These projects include the 100% owned Zymo porphyry copper-gold porphyry located near Smithers, BC, the 100% owned Iron Lake copper-gold and PGM property located near 100 Mile House, BC the 100% owned Big Valley reconnaissance gold project located near Barkerville, BC., and the 100% owned Indata copper and gold property north of Fort St. James, BC.

Glen Garratt, P. Geo.,Director

Eastfield Resources Ltd.

Contact: (604) 681-7913 or Toll Free: 888-656-6611

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.

About Eastfield Resources:

Eastfield Resources is a well-funded Canadian mineral exploration company focused on the discovery of large gold and copper deposits with several highly prospective projects in British Columbia and in Nevada. Eastfield owns a 100% interest in seven mineral projects in British Columbia and one in the state of Nevada. The British Columbia projects are significant for copper with accessory precious metals while the Nevada project is specifically significant for gold and silver. Eastfield trades on the TSX Venture exchange under the symbol “ETF”. For more information, please visit the company’s website at www.eastfieldresources.com.

Latin American Minerals Reports Initial Results From The First Four Holes Drilled At The Paso Yobai Gold Project. Reconfiguration Of The Gold Processing Plant In Final Stages Prior To Commissioning.

Tickers: PINX:LATNF, XTSX:LAT
Tags: Mining

Toronto, Ontario / TheNewswire / January 19, 2017 – Latin American Minerals Inc. (TSXV: LAT) (the “Company“) announces results from the first four drill holes of the 10,000 metre drill program at its Paso Yobai gold project in Paraguay.

Trenching, drilling, open pit excavation and bulk sampling have intersected gold mineralization over the 3000 metre long Discovery Trend. Multiple ore shoots have been identified in this work. The present drilling was situated to test at depth the gold mineralization sampled in Trench 6, located on this trend.

Drill hole

From (m)

To (m)

Length (m)

Au (g/t)

Observations

DDH-LAT-71

117.78

118.28

0.50

10.98

Accelerated leach assay

14.2

Duplicate fire assay

DDH-LAT-72

No significant result

DDH-LAT-73

No significant result

DDH-LAT-74

117.16

118.34

1.18

1.78

Accelerated leach assay

1.50

Duplicate screen fire assay

Basil Botha, President and CEO of the Company stated “The Company has a long list of targets ready for drilling, which have been identified though surface sampling and geophysical methods. This initial area is located within the permitted mining concession. Each drill hole, while not necessarily conclusive in itself, gives us more information on the very complex geological structure at Paso Yobai and once all the data from the rest of the program is combined, we will have greater clarity for future definition of the multiple ore shoots on this project.”

Results for diamond drilling:

Assays of Coarse Visible Gold: Coarse gold samples often exhibit a pronounced nugget effect due to the presence of discrete particulate gold. This may generate a pronounced scatter in the gold analytical results making it difficult to assess the true gold concentration. To improve the analytical reproducibility of samples identified with visible gold, an accelerated cyanide leach assay was performed by ALS utilizing LeachWELLTM tabs. Approximately 500 gr of material is split from the crushed, milled and homogenized sample prior to a 4 hour accelerated leach and atomic absorption assay.

In several instances of visible gold in samples, duplicate assays were completed using screen fire assay methods. Approximately 1000 gr of prepared pulp is sieved and the plus 75 micron (200 mesh) portion of the sample is screened out and assayed in its entirety. The minus 75 micron portion of the sample is homogenized and a 30 gram fusion is used to determine its grade. The final reported assay value is the weighted average of both fractions, coarse and fine.

Completion of Plant Reconfiguration

Independencia Mine update the reconfiguration of the gold processing plant is in the final stages of the build out with the lining of the three 7,500 tonne VAT leach pads completed prior to the end of 2016. The carbon columns for the capture of the gold solution will be completed this week and the final few weeks will be to connect all the pumps and pipes.

This is a fully integrated gravity gold processing system designed by JT Boyd & company, Pittsburg,
U.S.A. Key process modifications proposed by BOYD include de-sliming ahead of the process plant, reconfiguration of the existing gravity circuit, modification of existing heap leach pads to a vat leach system, and various upgrades and modifications to the carbon loading and stripping circuits. With these modifications, it is expected that total gold recovery will be approximately 90%, with approximately 55% of total recovered gold reporting to the gravity circuit and 45% to the leach circuit. It should be noted that these recoveries are based on empirical data from LAT’s past operations, and on BOYD’s.

Sampling and Analytical Protocols

The sampling and analytical protocols were established, implemented and supervised by or under the direction of Paul Sarjeant, P. Geo., the Company’s internal Qualified Person as defined by National Instrument 43-101. At the drill site, the core was placed in core boxes and delivered to a secure field core processing centre. The core was split by trained technicians using a diamond saw by and logged by professional geologists. The nominal sample interval was approximately 1m, though locally the interval might be increased to 2m or decreased to 0.5m, the interval being determined by the logging geologists based on geologic indicators. Half of the core was stored in the core box as a permanent reference of the interval sampled and half of the designated sample set was cataloged and sealed in plastic sample bags for delivery to the certified ALS Global laboratory in Mendoza, Argentina, part of the ALS Laboratory Group. The core samples are crushed, dried and samples are split. Nominally, 1000gr of each sample is ground to minus 200 mesh, split and the assay portion shipped by bonded courier to the ALS laboratory in Lima Peru. In the general case, gold was analyzed by fire assay with atomic absorption finish using a 50 gram sample. Accuracy of results is tested through the systematic inclusion of blanks, duplicates and certified reference standards.

About the Company

Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold and diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession.

Management has identified exploration targets at Independencia Mine, and six new gold zones on the Company’s adjacent exploration claims, for drill testing. This property package comprises the Company’s 15,020 hectare Paso Yobai gold project.

The scientific and technical information in this news release has been approved by Paul Sarjeant, P.Geo., a Qualified Person under National Instrument 43-101.

For more information, please contact:

Basil Botha, CEO & Chairman

Vancouver: (1-604) 418-3856

E-mail: information@latinamericanminerals.com

Website: www.latinamericanminerals.com

The Company’s public documents may be accessed at www.sedar.com.

For further information, please visit our website at www.latinamericanminerals.com or email us at information@latinamericanminerals.com.

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 release.

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address Latin American Minerals’ expectations, should be considered forward-looking statements. Such statements are based on management’s exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words “may”, “will”, “anticipate”, “believe”, “estimate”, “expect”, “intend” and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in Latin American Minerals’ filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, unless required under applicable securities laws. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

Copyright (c) 2017 TheNewswire – All rights reserved.

Stelmine doubles Courcy’s size

/EINPresswire.com/ — QUEBEC CITY, QUEBEC–(Marketwired – Jan 19, 2017) – Stelmine Canada Ltd. (« Stelmine ») (TSX VENTURE:STH) has increased the size of its Courcy property by 133 claims, bringing the overall number of claims to 309 and the total surface area to 161 km². Stelmine holds 100% of the rights on 207 claims and 90% on the remaining 102 which has a right of first refusal.

The Courcy property is located in the eastern part of the geological formation that gave rise to the world-class Éléonore mine, with proven and probable reserves of 4.3 million ounces of gold. The Courcy property is strategically located in a mining district that is largely unexplored but where drilling has shown gold content of 4.5 g/t over 42 m (including 12 g/t over 13.5 m). Maps are available on the www.stelmine.com web site.

“Our distinctive acquisition strategy involves taking an important stand on a new mining camp that could result in a major discovery”, says Stelmine President Isabelle Proulx.

About Stelmine

Stelmine is a restructuring junior Québec mining exploration company operating in North-East of Québec. Its capital stock consists of 17,953,884 issued and outstanding shares for a current market capitalization of $5.6 million.

Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Stelmine and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Stelmine. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements.

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 release.

Mesabi Trust Press Release

NEW YORK–(BUSINESS WIRE)–The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of fourteen cents ($0.14) per Unit of Beneficial Interest payable on February 20, 2017 to Mesabi Trust Unitholders of record at the close of business on January 30, 2017. This compares to a distribution of five cents ($0.05) per Unit of Beneficial Interest for the same period last year.

The nine cents ($0.09) per Unit increase in the current distribution, as compared to the same quarter last year, is primarily attributable to the Mesabi Trustees’ consideration of the Trust’s receipt of $1,880,334 on October 30, 2016, which was the total royalty payment paid to the Trust by Northshore Mining Company (“Northshore”). The Trustees’ determination of the distribution amount announced today also reflects their continuing effort to maintain a prudent level of unallocated reserve in order for the Trust to be in position to meet current and future expenses, and any present and future liabilities (whether fixed or contingent) that may arise in connection with the current and ongoing challenges in the iron ore and steel industries. Finally, the increase in the current distribution compared to a year ago reflects the fact that on November 17, 2015, Northshore had announced a temporary idling of iron ore pellet production at Northshore in Silver Bay, Minnesota, which resulted in a lower volume of shipments of iron ore pellets during the last calendar quarter of 2015. Iron ore pellet production at Northshore operations was restarted in May 2016.

Quarterly royalty payments earned for iron ore shipments made during the calendar quarter ended December 31, 2016, if any, payable by Northshore to Mesabi Trust under the royalty agreement, are due on January 30, 2017, together with the quarterly royalty report. After receiving the report, Mesabi Trust plans to file with the Securities and Exchange Commission a summary of the quarterly royalty report in a Current Report on Form 8-K.

This press release contains certain forward-looking statements with respect to iron ore pellet production, iron ore pricing and adjustments to pricing, iron ore shipments, royalty (including bonus royalty) amounts, and other matters, which statements are intended to be made under the safe harbor protections of the Private Securities Litigation Reform Act of 1995, as amended. Actual production, prices, price adjustments, and shipments of iron ore pellets, as well as actual royalty payments (including bonus royalties) could differ materially from current expectations due to inherent risks and uncertainties such as general adverse business and industry economic trends, uncertainties arising from war, terrorist events and other global events, higher or lower customer demand for steel and iron ore, decisions by mine operators regarding curtailments or idling production lines or entire plants, environmental compliance uncertainties, difficulties in obtaining and renewing necessary operating permits, higher imports of steel and iron ore substitutes, processing difficulties, consolidation and restructuring in the domestic steel market, indexing features in Cliffs Pellet Agreements resulting in adjustments to royalties payable to Mesabi Trust and other factors. Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to interim and final adjustments, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under agreements to which Mesabi Trust is not a party and that are not known until after the end of a contract year. Although the Mesabi Trustees believe that any such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties, which could cause actual results to differ materially. Additional information concerning these and other risks and uncertainties is contained in the Trust’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K. Mesabi Trust undertakes no obligation to publicly update or revise any of the forward-looking statements made herein to reflect events or circumstances after the date hereof.

Was General George Armstrong Custer Assassinated?

Assassinating Custer is Book One of The Disclosure Files. Based on the never before published Manuscript of William D. Nugent who fought and survived the Battle of Little Bighorn. Guy Lozier has released his 4th novel. Presenting new history changing information about the Battle of Little Bighorn, acclaimed author Guy Lozier delves into questions arising from William’s manuscript.
BILLINGS, Mont.Jan. 19, 2017PRLog — Author/Director/Producer Guy Lozier, after nearly a year of research, has finally published the novel Assassinating Custer.


“I was approached by an actor from one of my movies who asked me to take a look at a manuscript. It blew my mind. This information was history changing. After digging through information for nearly a year, I found more than I could have bargained for,” Guy replied when asked why he chose to write this novel.

Did President Grant’s Administration funnel repeating rifles to the Indians to set up a False Flag Event?

​Did General Sheridan order General Terry to stop preventing miners from sneaking onto Indian Lands to mine gold?

Did General Crook purposely attack peaceful Cheyenne Indians to stir them up?

Were there meetings in the White House to plan a Secret War?

Was President Grant’s Administration considered the most corrupt one of the 19th century?

Why did General Custer Arrest President Grant’s son?

Why did General Custer testify against President Grant’s brother?

Why did President Grant’s son call General Custer a liar in the press?

Did President Grant send geologists onto Indian Land illegally to search for gold?

Did members of President Grant’s Administration hide documents proving the Indians’ innocence of the lies told in the press by Grant’s Administration?

Why did Captain Benteen & Major Reno refuse to follow their orders given to them by General Custer concerning the Battle of Little Bighorn?

Why did General Terry, General Crook, Major Reno, and Captain Benteen lie about the Battle of Little Bighorn?

Why did General Terry withhold his forces from the Battle of Little Bighorn while Major Reno and Captain Benteen were fighting for their lives?

Was General Custer married to two women?

Did General Custer have two sons?

Did General Custer free an Indian woman from one of his scouts who was about to rape and kill her right before the Battle of Little Bighorn started?

All these questions and more are discussed in the novel…

Other Novels by Guy Lozier:

Book 1& 2 of The Mind Rift Saga

The Eternal: Guardian of Light

Scene from the novel – https://www.youtube.com/watch?v=G-7_7XICbMU

The Morantian

Book 1 of The Millennial Cycles

Menazia Reborn

Web Site:

The Disclosure Files: Assassinating Custer

Guy is considering movie production for this story.

Guy Lozier welcomes your comments…you can reach Guy at finalter@hotmail.com

Story by: Tim Biswell

Contact
Higher Destiny Productions
***@hotmail.com

Photos: (Click photo to enlarge)

Infinite Offspring Films Logo Assassinating Custer Image Provided by Randy Dunning Jr The Eternal: Guardian of Light The Morantian Menazia Reborn

Read Full Story – Was General George Armstrong Custer Assassinated? | More news from this source

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Arizona Silver Exploration Inc. Concludes Core Drilling on Ramsey Silver Project, La Paz County, Arizona and Retains Market Maker

VANCOUVER, BC / ACCESSWIRE / January 19, 2017 / Arizona Silver Exploration Inc. (TSX-V: AZS) (the “Company“) is advising that it has concluded the initial round of core drilling on the Ramsey Mine silver project, located in La Paz County, Arizona, about 2 hours west of Phoenix. The Company drilled five exploration holes on patented claims peripheral to the old mine workings of the Ramsey Mine. Core from all five holes was picked up at the Company’s core storage unit in Quartzsite, Arizona by ALS Minerals personnel and delivered to the ALS Minerals laboratory in Tucson, Arizona, under strict chain of custody.

A total of 1,700 feet of core in two fences of holes were drilled in this Phase 1 drilling program. One fence of holes tested the southern end of the old Ramsey Mine workings, which mined a high-grade silver vein from the surface down to the 529 (ft) Level, and the other fence of holes tested the northern end of the old Ramsey mined out area. Drilling from surface was intended to test the width of the low-grade envelope surrounding the high-grade vein. Only three holes tested the target. One hole intersected an undocumented working where the high-grade vein was anticipated, and drilling could not proceed beyond the working. Another hole encountered extremely broken rock in the vicinity of the target, where the drill rods became stuck and the drill string twisted off 100 feet above bottom, and the hole had to be abandoned in the target zone. All five holes penetrated 10-30 meters of alluvium before entering bedrock.

Drilling simultaneously tested the ground magnetic anomaly that is coincident with the old Ramsey Mine workings in order to understand the source of the magnetic anomaly and to be able to better interpret the much larger (500-meter diameter) ground magnetic anomaly to the north. There is a distinct hydrothermal magnetite zone in the volcanic rocks above the silver target zone in all five holes, explaining the source of the magnetic anomaly, and reinforcing the significance of the larger magnetic anomaly to the north. Magnetic pyrrhotite is also present in the volcanic rocks above the silver target zone.

The larger northern magnetic anomaly appears to be the faulted extension of the magnetic anomaly that is coincident with the Ramsey Mine area. It is located across an inferred fault and beneath an estimated 30-60 meters of alluvial cover. An IP (induced polarization) geophysical survey is being planned to measure the electrical properties of the Ramsey mine are and the larger northern magnetic anomaly. We are encouraged with the results of the program and have gained further knowledge of the system. Please take a moment to view our web site with images of the core at www.arizonasilverexploration.com.

The Company is also pleased to announce that it has retained Venture Liquidity Providers Inc. (“VLP”) to initiate its Market Making Service to provide assistance in maintaining an orderly trading market for the Company’s common shares. The Market Making Service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Limited, in compliance with the guidelines of the TSX Venture Exchange.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX Venture Exchange-listed issuers. In consideration for their services, the Company has agreed to pay VLP $5,000 per month for a period of 12 months, commencing immediately. The agreement may be terminated at any time by Canamex or VLP. Canamex and VLP act at arm’s length, and VLP has no present interest, directly or indirectly, in the Company or its securities.

The Company wishes to clarify that both the funds and the shares required for the market-making are provided by W.D. Latimer Co. Ltd. The fee paid by the Company to VLP is for services only.

Greg Hahn, President and COO and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the data contained in this press release.

ON BEHALF OF THE BOARD

ARIZONA SILVER EXPLORATION INC.

SIGNED: “Greg Hahn

Greg Hahn, President and Chief Executive Officer
Contact: (720) 244-2022

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 release, and the TSX Venture Exchange has in no way passed upon the merits of the transactions herein.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost, and other aspects of the 2016 program on the Ramsey property; the potential for development of the mineral resources; the potential mineralization and geological merits of the Ramsey property; and other future plans, objectives, or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s 2016 drilling program(s) on the Ramsey property, will not be consistent with the Company’s expectations; the geology, grade, and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the Ramsey property are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s 2016 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: Arizona Silver Exploration Inc.

Latin American Minerals Reports Initial Results From The First Four Holes Drilled At The Paso Yobai Gold Project. Reconfiguration Of The Gold Processing Plant In Final Stages Prior To Commissioning.

Toronto, Ontario / TheNewswire / January 19, 2017 – Latin American Minerals Inc. (TSXV: LAT) (the “Company“) announces results from the first four drill holes of the 10,000 metre drill program at its Paso Yobai gold project in Paraguay.

Trenching, drilling, open pit excavation and bulk sampling have intersected gold mineralization over the 3000 metre long Discovery Trend. Multiple ore shoots have been identified in this work. The present drilling was situated to test at depth the gold mineralization sampled in Trench 6, located on this trend.

Drill hole

From (m)

To (m)

Length (m)

Au (g/t)

Observations

DDH-LAT-71

117.78

118.28

0.50

10.98

Accelerated leach assay

14.2

Duplicate fire assay

DDH-LAT-72

No significant result

DDH-LAT-73

No significant result

DDH-LAT-74

117.16

118.34

1.18

1.78

Accelerated leach assay

1.50

Duplicate screen fire assay

Basil Botha, President and CEO of the Company stated “The Company has a long list of targets ready for drilling, which have been identified though surface sampling and geophysical methods. This initial area is located within the permitted mining concession. Each drill hole, while not necessarily conclusive in itself, gives us more information on the very complex geological structure at Paso Yobai and once all the data from the rest of the program is combined, we will have greater clarity for future definition of the multiple ore shoots on this project.”

Results for diamond drilling:

Assays of Coarse Visible Gold: Coarse gold samples often exhibit a pronounced nugget effect due to the presence of discrete particulate gold. This may generate a pronounced scatter in the gold analytical results making it difficult to assess the true gold concentration. To improve the analytical reproducibility of samples identified with visible gold, an accelerated cyanide leach assay was performed by ALS utilizing LeachWELLTM tabs. Approximately 500 gr of material is split from the crushed, milled and homogenized sample prior to a 4 hour accelerated leach and atomic absorption assay.

In several instances of visible gold in samples, duplicate assays were completed using screen fire assay methods. Approximately 1000 gr of prepared pulp is sieved and the plus 75 micron (200 mesh) portion of the sample is screened out and assayed in its entirety. The minus 75 micron portion of the sample is homogenized and a 30 gram fusion is used to determine its grade. The final reported assay value is the weighted average of both fractions, coarse and fine.

Completion of Plant Reconfiguration

Independencia Mine update the reconfiguration of the gold processing plant is in the final stages of the build out with the lining of the three 7,500 tonne VAT leach pads completed prior to the end of 2016. The carbon columns for the capture of the gold solution will be completed this week and the final few weeks will be to connect all the pumps and pipes.

This is a fully integrated gravity gold processing system designed by JT Boyd & company, Pittsburg,
U.S.A. Key process modifications proposed by BOYD include de-sliming ahead of the process plant, reconfiguration of the existing gravity circuit, modification of existing heap leach pads to a vat leach system, and various upgrades and modifications to the carbon loading and stripping circuits. With these modifications, it is expected that total gold recovery will be approximately 90%, with approximately 55% of total recovered gold reporting to the gravity circuit and 45% to the leach circuit. It should be noted that these recoveries are based on empirical data from LAT’s past operations, and on BOYD’s.

Sampling and Analytical Protocols

The sampling and analytical protocols were established, implemented and supervised by or under the direction of Paul Sarjeant, P. Geo., the Company’s internal Qualified Person as defined by National Instrument 43-101. At the drill site, the core was placed in core boxes and delivered to a secure field core processing centre. The core was split by trained technicians using a diamond saw by and logged by professional geologists. The nominal sample interval was approximately 1m, though locally the interval might be increased to 2m or decreased to 0.5m, the interval being determined by the logging geologists based on geologic indicators. Half of the core was stored in the core box as a permanent reference of the interval sampled and half of the designated sample set was cataloged and sealed in plastic sample bags for delivery to the certified ALS Global laboratory in Mendoza, Argentina, part of the ALS Laboratory Group. The core samples are crushed, dried and samples are split. Nominally, 1000gr of each sample is ground to minus 200 mesh, split and the assay portion shipped by bonded courier to the ALS laboratory in Lima Peru. In the general case, gold was analyzed by fire assay with atomic absorption finish using a 50 gram sample. Accuracy of results is tested through the systematic inclusion of blanks, duplicates and certified reference standards.

About the Company

Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold and diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession.

Management has identified exploration targets at Independencia Mine, and six new gold zones on the Company’s adjacent exploration claims, for drill testing. This property package comprises the Company’s 15,020 hectare Paso Yobai gold project.

The scientific and technical information in this news release has been approved by Paul Sarjeant, P.Geo., a Qualified Person under National Instrument 43-101.

For more information, please contact:

Basil Botha, CEO & Chairman

Vancouver: (1-604) 418-3856

E-mail: information@latinamericanminerals.com

Website: www.latinamericanminerals.com

The Company’s public documents may be accessed at www.sedar.com.

For further information, please visit our website at www.latinamericanminerals.com or email us at information@latinamericanminerals.com.

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 release.

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address Latin American Minerals’ expectations, should be considered forward-looking statements. Such statements are based on management’s exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words “may”, “will”, “anticipate”, “believe”, “estimate”, “expect”, “intend” and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in Latin American Minerals’ filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, unless required under applicable securities laws. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

Umax Group Corp (UMAX: OTC Pink Current) | New Equipment Mining

New Equipment Mining

Jan 19, 2017

OTC Disclosure & News Service

Las Vegas, NV –

Equipment Delivered to Mining Division

LAS VEGAS, NEVADA- (OTC Markets – Dec 29, 2016) – UMAX Group Corp. (Pink Sheets: UMAX) announced the mining division, Rockstar Mining Corp. (“Rockstar Miningâ€), took possession of the wash plant in Winnemucca, Nevada in preparation for the season which is capable of processing 50 Tons per hour.  This wash tank would normally would cost $98,000 new, was purchased for $25,000. UMAX fully expects to complete the purchase of the remaining large equipment items on behalf of Rockstar Mining which will include two excavators along with a rock truck and crusher in time to meet our planned start date for mining operations of March 1st, 2017.

In an effort to hit the start date planned, the Rockstar Mining has already recruited the work crews willing to be employed on the mine. The crews will begin safety training during the period of January to obtain their certifications to work on the mining area. Donald Franco president of Rockstar Mining, UMAX’s mining division, quotes “That everything is on track to begin operations as soon as the remaining equipment arrives during the next six weeksâ€.

The historical data on the mine can be found under mining section of UMAX’s official web site at www.UmaxCorp.com. Based upon historical research of previous small-scale mining operations on the property, the mine produced an average of five ounces per day using operating recovery equipment and technology that was both dated and less efficient. Additionally, these previous mining operations and results were the result of eight hours of processing daily, as compared to the twenty hours a day Rockstar Mining plans to operate the mine.

The CEO of UMAX, Ian Dixon, believes that the Rockstar Mining will become operational as planned when additional equipment has been purchased. Mr. Dixon stated that “the figures and the test results done on the property look very promising, and that UMAX having a 20% stake in Rockstar Mining will result in significant revenues that we plan to invest our other divisions. This will be a very exciting year for us as a company, but also our shareholders.â€

See PDF to see equipment 

About UMAX Group Corp.

UMAX GROUP CORP. (the “UMAX†or the “Companyâ€) is a development-stage company formed to develop and acquire operating companies through partnership agreements. Our primary focus is in the development and expansion of an existing model of partnership with private entities in accessing the capital markets via a public entity. At the current time, the Company is part owner of Rockstar Mining Corp. which will be operating a 1,000 acre mining prospect in Winnemucca, Nevada. Additionally, the Company has recently executed joint venture agreements with several companies including Harmony Homes, LLC (Construction Services), Clever-Tech Consulting, LTD (Nano-Technology) and Sol-Up USA (Solar Technology).

Forward Looking Statement

Certain statements that we make may constitute “forward-looking statements†under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as “believes,†“expects,†“anticipates,†“intends,†“plans,†“estimates,†“projects,†“forecasts,†and future or conditional verbs such as “will,†“may,†“could,†“should,†and “would,†as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.  We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report and subsequent Flings, which are available on Otcmarkets.com. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events or otherwise.

info@umaxgroupcorp.com

Source: UMAX Group Corp.

Investor Contact
Ian Dixon, President
(702) 628-0211

This release includes additional documents. Select the link(s) below to view.

2 – UMAX – Press Release 1 18 2016.pdf

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.