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Friday, April 25, 2014

TSX Mining Stock Alert: GARIBALDI (TSX.V: GGI) INTERCEPTS 10.4 G/T AU OVER 8.5 METERS NEARSURFACE IN FIRST-EVER DIAMOND DRILLING AT LA PATILLA

Vancouver, British Columbia - April 25, 2014 (Investorideas.com Mining stocks newswire) Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to provide a progress update on its exploration activities in Mexico. Of particular note, first-ever diamond drilling at the La Patilla Gold Property in Sinaloa State has returned highly encouraging gold values near-surface including an interval grading 10.4 g/t Au over 8.5 meters in LP-14. First pass metallurgical testing is now under way in advance of a planned follow-up Phase 2 drill program as Garibaldi systematically moves this project forward.

La Patilla Highlights:
  • LP-14 intersected 10.4 g/t Au over 8.5 meters within a wider 30-meter interval grading 3.1 g/t Au;
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 meters of strike length to depths of approximately 50 meters;
  • Mineralization remains open in all directions, including at depth, and consists of gold bearing quartz veins and breccia bodies in an epithermal, low-sulphidation system.
Regional Highlights:

  • Garibaldi starts drilling test hole at Rodadero high-grade silver target in northern Sonora State;
  • First-ever drill program at Iris, adjacent to two operating mines in Chihuahua State, is scheduled to commence after completion of drilling at Rodadero.
  • Steve Regoci, President and CEO of Garibaldi, commented: "This initial shallow drilling at La Patilla, where artisanal miners have been operating for decades, is an exceptional start for us. Our next step, which we have already commenced, is a preliminary test program for recovery using cyanide to determine the amenability of the mineralization to possible heap leaching. We look forward to the next round of drilling at La Patilla which will test a potential source at depth for the near-surface mineralization we've confirmed in the vein system. Secondary structures/zones will be investigated further as well. Regionally, through the same cost-effective approach that gave us success with the Temoris option, we're now at an exciting new stage of exploration not only at La Patilla but with developments in Sonora at Tonichi and initial drilling at both Rodadero and Iris."
    Shallow Drilling Highlights - La Patilla Vein System
    Reported widths are believed to closely approximate true width.
    Investorideas.com Newswire All intervals were calculated using a 0.2 g/t gold cutoff. Up to 8.5 meters of contiguous samples below cutoff have been included in the larger intercepts in LP-14 and LP-03.
    The presence of mineralization in the wallrocks of the La Patilla vein system could be favorable for a bulk mining open-pit scenario with a relatively low strip ratio.
    Results from two shallow exploratory holes adjacent to the La Patilla vein system suggest these areas warrant follow-up work. Hole LP-13 (the Jose vein) returned 5.8 g/t Au over 2.5 meters and 2.1 g/t Au over 1.5 meters from different near-surface depths. Meanwhile, hole LP-04 (collared 75 meters east of LP-14) - cut two zones in a stockwork system, 0.4 g/t Au over 10.5 meters and 0.5 g/t over 10.7 meters.
    Results from the second main target, the Murcielago breccia located to the northeast of the La Patilla vein system, were partly inconclusive due to poor recoveries and the fact that the most important holes to test under the high-grade mineralization in the underground workings were not completed to the target depths because of difficult drilling conditions (the most significant intersection from seven holes was 18.6 meters grading 0.60 g/t Au in LP-01). The prospective Murcielago area will be followed up through reverse circulation drilling.
    An updated map for the La Patilla Gold Property, including locations for all 15 holes totaling 1,245 meters, can be found on the Company's web site at www.GaribaldiResources.com.
    Rodadero & Iris Projects
    Garibaldi is using its company-owned drill rig for a test hole, currently in progress, at the Rodadero Property in Sonora State. Aided by its hyperspectral remote sensing technology, Garibaldi is now focusing on a 6,500-hectare area at Rodadero with high-grade silver targets and the potential for an epithermal gold system. This property has never previously been drilled.
    Meanwhile, Garibaldi is preparing to drill a series of first-ever holes at the Iris Project strategically located in the heart of a robust mining and exploration camp in Chihuahua State. Agnico Eagle Mines Ltd. and Carlos Slim's Minera Frisco have operating mines immediately adjacent to Iris.
    Tonichi Project - Locust Target
    Garibaldi continues to advance its Locust Cu-Au porphyry target that forms part of its Tonichi Project in Sonora State. Based on local zonation patterns in the context of classic porphyry models grading outward from a core, attention is now focused on an area just over half a kilometer north of the three most recently completed holes, MAR-13-03, MAR-13-02 and MAR13-01. To date, Garibaldi has completed 3,000 meters of diamond drilling in 17 widely-spaced holes at Locust. A series of breccia bodies have been outlined along an east-west trending shear zone coincident with a broad envelope of gold and copper mineralization mapped over a 5 km trend and 1-2 km across.
    MAR-13-03 was designed to test the geological continuity of the hypogene zone intersected in MAR-13-02. MAR-13-03 reached 254 meters, intercepting strong potassic, sericitic and propylitic alteration with narrow zones of anomalous copper and gold mineralization. The wide intercepts of anomalous to low grade copper-gold mineralization and porphyry style alteration/mineralization in holes MAR-13-03 & MAR-13-02 are located 800 meters west of MAR-13-01 and over 2 km west of the original Locust target, providing a significant step-out to the area tested.
    Quality Assurance & Control
    Garibaldi maintains strict QA-QC protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. ALS Chemex and Acme Labs (now part of the Bureau Veritis group that includes BSI Inspectorate) performed assay analyses reported in this release. All samples were assayed using the respective laboratories' certified and industry standard assay techniques for gold and multi-element packages and for over-limits. Au was analyzed by 30 or 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP.
    Qualified Person
    Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a non-arms length Qualified Person for the Company's Mexico Projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has reviewed and approved the contents of this news release.
    About Garibaldi
    Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of Mexico and British Columbia
    We seek safe harbor.
    GARIBALDI RESOURCES CORP.
    Per: "Steve Regoci"
    Steve Regoci, President
    Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.
    Read more info: GGI April 2014-Fact Sheet

    The following is a paid for news release standard submission ($75)

    Tuesday, April 15, 2014

    Mining Stock Alert: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces Q1 Production 201,101 Ounces Silver and 7,545 Ounces Gold

    Vancouver, British Columbia - April 15, 2014 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL) ( NYSE MKT: SVLC) is pleased to announce silver and gold production numbers for the first quarter of 2014 from its 100% owned Santa Elena Mine located in Sonora, Mexico. For additional information and to view photos and videos, please visit the Company’s website at www.silvercrestmines.com.

    Production Highlights of Q1, 2014 vs. Q1, 2013;
    • Silver production of 201,101 ounces; a 31% increase.
    • Gold production of 7,545 ounces; a 4% increase.
    • Silver equivalent (1) production of 653,801 ounces; a 17% increase.
    • Waste to ore ratio of 0.94 was consistent with the mine plan; a 78% decrease.
    • Ore Tonnes crushed decreased 21% to 200,982 tonnes with throughput averaging 2,233 tpd .
    • Average grades loaded on pad increased from 62.1gpt to 86.8 gpt (40%) for silver and from 1.54 to 1.79 gpt (16%) for gold.
    N. Eric Fier, President and COO stated ; “During the first three months of 2014, Santa Elena experienced lower ore and waste tonnes mined from the open pit as it approached the end of its mine life. However, metal production exceeded corporate guidance projections for the quarter. The Company continues to focus on the completion stages of the Santa Elena Expansion Plan which should significantly increase our annual precious metal production starting in mid-2014. The recently announced pit closure at Santa Elena may have some impact on Q2 production but SilverCrest maintains the previously announced 2014 corporate production guidance of 3.3 to 3.6 million ounces AgEq (60:1). ”
    Investorideas.com Newswire (1) Silver equivalent ("AgEq") ounces consist of the number of ounces of silver production/sold plus the number of ounces of gold production/sold multiplied by 60:1 gold price to silver price ratio, as determined in the 2014 budget, prior to Q1 2014, the AgEq ratio was based on the spot gold price to the spot silver price at the quarter end dates for financial reporting. All numbers are rounded.
    First quarter of 2014 metal production was down 12% and 18% for silver and gold, respectively, compared to Q4, 2013. The decrease in silver and gold production was related to reduced ore tonnes mined and crushed in Q1 2014, which was somewhat offset by higher gold and silver grades. Open pit mining and crushing activities were reduced in Q1 and ultimately discontinued on April 04, 2014. No further ore will be loaded on the leach pad with ongoing stockpiling of high grade underground ore for milling. Silver and gold production will continue from the pad until at least August 2014.
    SilverCrest is now focusing on the accelerated development of the underground mine at Santa Elena with 2,480 metres of the main ramp driven to date (570m level), which will provide access to high grade mill feed starting in Q2 2014. Initially, the mill will process leach pad ore only and underground ore will be stockpiled. In late Q2, blending of leach pad and underground ore should begin with testing of optimal mix ratios in H2, 2014.
    First Quarter Financial Results Release:
    The Company plans to issue its first quarter financial results on Thursday, May 15, 2014.
    The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, President and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
    SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine of 8 years and operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au) for the open pit heap leach and underground mine. SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average annual rate of 1.5 million ounces of silver and 32,800 ounces of gold over the current reserve. Major expansion and construction of the 3,000 tonnes per day conventional mill facility is nearing completion and is expected to significantly increase metals production at the Santa Elena Mine (open pit and underground) in 2014 and beyond. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.
    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
    This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
    Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
    N. Eric Fier, President & COO
    SILVERCREST MINES INC.
    Neither TSX Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.
    Contact:
    Fred Cooper
    Telephone: (604) 694-1730 ext. 108
    Toll Free: 1-866-691-1730
    Email: info@silvercrestmines.com
    Website: www.silvercrestmines.com
    Address: Suite 501 - 570 Granville Street
    Vancouver, BC Canada V6C 3P1
    Published at Investorideas.com Newswire
    Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
    BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

    Monday, April 07, 2014

    Mining Stock Alert: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Updates Santa Elena Mine Expansion Plan

    Vancouver, British Columbia - April 7, 2014 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL) ( NYSE MKT: SVLC) is pleased to provide an update on activities for the expansion of the Santa Elena Mine in Sonora, Mexico. The Santa Elena Mine expansion is on budget (+/-5%) with initial start up of the new 3000 tpd operation anticipated later this month. The most significant activities are outlined below. For additional information and to view photos and videos, please visit the Company's website at www.silvercrestmines.com.

    N. Eric Fier, President and COO stated; "We are pleased with the final stages of the Santa Elena Expansion Plan which will significantly increase our precious metal production starting in mid-2014. Previous delay in delivery of the ball mill has pushed back our original Q1 start up to early Q2 while remaining on budget. The start up of the mill this month will be a major milestone for SilverCrest. The Company continues to grow as a low cost junior operator transitioning into a successful mid-tier precious metal producer. As part of a revised start up schedule we have elected to discontinue open pit operations and accelerate underground operations. These operational changes may have some impact on Q2 production but no change to the previously announced 2014 corporate production guidance of 3.3 to 3.6 million ounces AgEq (60:1)."
    Santa Elena Expansion Plan
    • New CCD/Merrill Crowe processing plant is 96% complete with final electrical and piping work being completed and tested over the next two weeks.
    • 80% of the major equipment has been tested and passed for initial start up. The remaining 20% will be tested during start up.
    • FLSmidth, the primary equipment supplier, has representatives on site supervising final work in anticipation of mill commissioning over the next 3 months.
    • Ore feed during the mill commissioning period will come from a blend of high grade underground ore and the upper part of the leach pad which represents the last 6 months of high grade open pit production that has only received partial leaching.
    • As planned with mill start up, no further ore will be loaded on the leach pad but gold and silver production will continue at a diminishing rate from the pad until at least August, 2014.
    • As part of the previously announced transition to underground mining, open pit operations have ceased as of April 4, 2014 which is approximately 3 months ahead of original schedule. Operational constraints presented by the mine contractor amongst other factors have triggered this early cessation of pit operations. Remaining open pit reserves are readily accessible from the 700m and 675m underground planned levels and the Company is scheduling retrieval of these reserves at a later date. Total reserves are unaffected by cessation of the pit operations.

      Underground mining and development has been accelerated providing access to high grade ore feed to the mill over the next 3 months to replace ore that was expected from planned open pit production. From May through July (mill commissioning period), underground ore feed to the mill will come from increased ore development at a rate of 20,000 to 25,000 tonnes per month (previously 5,000 tpm). Underground ore will be blended with leach pad ore to achieve nameplate mill capacity of 3,000 tpd by July 2014. Key underground personnel are in place to execute the accelerated underground operations.
    • Underground equipment for owner operated production is expected to arrive on site in early May and initial production stoping is scheduled for late June or early July 2014.
    • Decline access work continues with approximately 2,400 metres of the main ramp driven to date (570m level). The 575m level is planned for 1st stope production.
    Despite the operational changes in mine schedule of early pit closure and accelerated underground operations, the Company maintains previously announced 2014 corporate production guidance of 3.3 to 3.6 million ounces AgEq (60:1) will be unchanged.
    The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
    SilverCrest Mines Inc. (NYSE MKT:SVLC; SVL.TO)
    is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine of 8 years and operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au) for the open pit heap leach and underground mine. SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average annual rate of 1.5 million ounces of silver and 32,800 ounces of gold over the current reserve. Major expansion and construction of the 3,000 tonnes per day conventional mill facility is nearing completion and is expected to significantly increase metals production at the Santa Elena Mine (open pit and underground) in 2014 and beyond. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.
    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
    This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
    Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
    N. Eric Fier, President & COO
    SILVERCREST MINES INC.
    Neither TSX Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.
    Contact:
    Fred Cooper
    Telephone: (604) 694-1730 ext. 108
    Toll Free: 1-866-691-1730
    Email: info@silvercrestmines.com
    Website: www.silvercrestmines.com
    Address: Suite 501 - 570 Granville Street
    Vancouver, BC Canada V6C 3P1
    Published at Investorideas.com Newswire
    Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
    BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

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