Goldplay’s CEO on acquiring another multi-million ounce silver asset

“We were really fortunate and we worked hard to consolidate and acquire low-cost 250 square kilometers of exploration portfolio in a world-class historical mining district, in my opinion. Why I say that is because there is a series of multi-million ounce historical mines in that district. One of them is the Rosario Mine that is next to our El Habal gold property that we have just built. We were also able to acquire another multi-million ounce asset that is the San Marcial silver asset that was previously owned by SSR Mining, another shareholder in the company. We are now in a position in a prolific district, to really grow the company and increase the valuation of the company…” states Marcio Fonseca, President & CEO of Goldplay Exploration Ltd. (TSXV: GPLY | OTCQB: GLYXF), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Tracy Weslosky: Trump is all over the news. He has just made a deal with Mexico. We as Canadians are watching the news every minute of the day to see what happens next. You are a Canadian listed company and U.S. listed company with gold and silver in Mexico, correct? 

Marcio Fonseca: You are right.

Tracy Weslosky: I am going to start by asking you how you think this may benefit shareholders by having your exploration properties in Mexico. 

Marcio Fonseca: I see it as very positive outcome on the whole process of negotiation because it is going to derisk the perception of the investors in relation to Mexico and hard rock mining in Mexico has been the core business for the country. It shows an opportunity for us to continue growing the business and avoid any potential risk to increase cost because if NAFTA was not there, there would be more challenges to have suppliers from across the borders and keep the business flowing.

Tracy Weslosky: Marcio one of the many things I like about Goldplay is your team. You have a lot of really smart people in this group with excellent reputations. We as investors out here are, kind of, clamoring. The crowd is all following cannabis. I keep telling people it is called weed for a reason. You need to have a diversified portfolio. Can you tell me what the benefits are of investing in gold right now? Sorry to put you on the spot, but I thought I would ask an expert.

Marcio Fonseca: Alright. I think it is a great time to invest in gold considering all the other variables that we have in the macroeconomic world and see all the instability and risk that we have out there. Considering that the price has been subdued for a long period I am very bullish that there is an upside for the gold price in the near future, which is going to reflect directly into gold exploration companies and silver exploration companies because there is always a good correlation between the gold and silver price.   

Tracy Weslosky: Let us get right into it. We have an excellent property in one of the most prolific areas for gold and silver production over the last several hundred years. Can you introduce the InvestorIntel audience to the Goldplay property advantage please? 

Marcio Fonseca: We were really fortunate and we worked hard to consolidate and acquire low-cost 250 square kilometers of exploration portfolio in a world-class historical mining district, in my opinion. Why I say that is because there is a series of multimillion ounce historical mines in that district. One of them is the Rosario Mine that is next to our El Habal gold property that we have just built. We were also able to acquire another multimillion ounce asset that is the San Marcial silver asset that was previously owned by SSR Mining, another shareholder in the company. We are now in a position in a prolific district, to really grow the company and increase the valuation of the company on the TSX through GPLY, under new discoveries and resource expansion and development of projects….to access the complete interview, click here

Disclaimer: Goldplay Exploration Ltd. is an advertorial member of InvestorIntel Corp.

Goldplay focused on unlocking a proven historical gold mining district in Mexico

Goldplay Exploration Ltd. (TSXV: GPLY | OTCQB: GLYXF) is a Canadian company focused on the discovery of gold-silver deposits in the prolific Rosario mining district in Sinaloa, Mexico. Goldplay’s exploration team has over 10 years experience in the historical Rosario district. Successful discoveries in the district by other companies include the extension of Marlin Gold Mining’s La Trinidad mine, one of Mexico’s highest grade, open pit gold mines. Goldplay’s  250+ sq. km 100% owned exploration portfolio has no earn-in requirements, and covers one of the most prospective areas in the Rosario district.

Historical miners at Rosario

The Rosario mining district has been and currently is host to many world-class precious metal mines and projects, notably the historical multi-million ounce Rosario gold-silver mine, whose operation life spanned over 250 years.

El Habal precious metals project

Goldplay’s El Habal precious metals project is a low sulphidation epithermal exploration-stage project that borders the Rosario Mine concessions. Comprising 3,700 hectares it is located 75 km east of the modern coastal port of Mazatlán, and is only 10km from the historical mining town of Rosario using a paved road. Power ready, El Habal hosts excellent infrastructure for future mine development. The El Habal mining concessions cover a 6 km long by 1 km wide trend containing a series of historical shallow and small-scale underground artisanal mining sites that all resemble the geology of the Rosario Mine.

In late 2017, Goldplay completed a successful surface channel sampling and trenching program. The study revealed wide oxidized mineralised zones over a 2 km strike length, not only on historical mine sites, but also on the host rocks, including 4 new prospects: “La Reina”, “El Arenal”, “Santos” and “Octavio”. Recent mapping along a 6km long by 1km wide geological trend, together with in progress ground geophysical program has generated targets for upcoming additional drilling programs. The integration of historical (non 43-101 compliant) drill data, combined with the recent exploration results is supporting an upcoming drilling program, aiming to define resources not only for potential open pit amenable project but also underground potential.

San Marcial and El Habal projects

The San Marcial near surface high-grade silver-zinc-lead project

The San Marcial project consists of 1,250 hectares, and is located 30 km from the companies El Habal project. San Marcial exhibits significant exploration upside supported by historical regional exploration programs completed by previous operators with the identification of 14 exploration targets inside the concessions. Some of these exploration targets consist of old shallow pits, and historical underground workings. San Marcial should be regarded as an advanced project with bulk tonnage and open pit potential, which may has a significant economic significance should the mineralisation prove to be more extensive than is presently indicated by the current resource estimate. Historical drill results include (SM-4), 53.95 meters @ 223 g/t Ag, 0.29% Zn, 0.45% Pb (including 15.0, meters @ 637 g/t Ag, 0.4% Zn, 0.37% Pb).

Goldplay has a market cap of C$ 7.2m

Goldplay (Live) is also the name of a tribute band for the British rock group called Coldplay, who in the year 2000 had a world-wide hit called “Yellow”. If only I had seen the signs earlier. Coldplay have earned several Gold records for sales on their music.

Goldplay Exploration doesn’t play music but have good exploration potential in the prolific Rosario gold mining district in Sinaloa, Mexico. I’m not even sure if any of them can sing.

Positive drill results and commencement of ore processing could have a huge impact on Vangold’s stock price

Vangold Mining Corp. (TSXV: VAN) was founded in 1978 and is headquartered in Vancouver, Canada. Vangold is a Mexican focused, development stage, silver and gold mining company, with nine mining concessions in the Guanujuato mining district of Mexico.

The Guanujuato mining district of Mexico

Founded by the Spanish, Guanajuato became the world’s leading silver-extraction center in the 18th century, and at one time Guanajuato became the country’s richest town.

Vangold featured Project

Vangold’s 100% owned historic El Pinguico silver and gold mine

In January 2018, the Company announced the initial diamond drilling program at its wholly-owned El Pinguico mine, located 10km from the City of Guanajuato Mexico. The El Pinguico project covers an area of 71 hectares and 43-101 trench results have proven historic high grade silver & gold values with 15 g/t Au and 1500g/t Ag = 36.12g AuEq. Vangold has engaged an independent drilling contractor with specialized experience in drilling underground. The modified drill rig is capable of operating within confined drifts and tunnels. The Company is drilling 15 holes from the 3 different drill stations to recover core samples of the broken material for grade and resource confirmation.

Cameron King, Vangold CEO advises: “The drilling program is to define and expand the potential mineralization at El Pinguico. We are fully aware of the historical cut off grade mined at 15 g/t AuEq, now it’s our job to prove it. With drill results, we can define a resource over the UG stockpile and document its value. Phase 2 drilling is the start of Vangold’s future growth strategy, proving the El Pinguico vein system continues at depth adds years of development and production.”

Cameron King, Vangold CEO. “Our database is very significant. All the assays, the tunnels, the method of mining, the grades, the old reports we have them all. That was basically why we acquired the property, was the historical data on the high-grade and the system that was all developed around here. Mining is in the DNA of this area that is for sure.”

Assays will define the existing mineralization of the broken material for a potential inferred resource estimation covering the entire 500,000 tonne material. Metallurgical tests will be performed to understand the recoveries of gold and silver respective to the local mill’s process and floatation chemistry. A Preliminary Economic Assessment (PEA) will follow the resource estimation and the metallurgical tests.

Over the past six months heavy equipment and work crews have been focused on rehabilitation of the old workings and constructing a headframe over the El Pinguico shaft, complete with electric hoist and drum gear. Hernan Dorado, Vangold Director states: “The advantages to operations are significant; time savings for crews, moving equipment and retrieving samples from the lowers levels will become extremely efficient. Moving the heavy drill equipment from surface into the Pachuca drift at Level 3 would have been impossible without these improvements.”

Upper and Lower Stockpile

The El Pinguico mining claims are in close proximity to mining infrastructure; power, water, and road/highway access. Labor can come from the city of Guanajuato just 10 kilometres away, and milling facilities are only 2 kilometres from the mine. The installed hoist and personnel cage will become El Pinguico Mine’s primary access. Access into El Pinguico mine is now possible from surface to the top of the undeground stockpile located at Level 3 (110 metres below surface) to Level 6 (210 metres below surface).

Near term catalysts will be the granting of a permit to mine leftover ore and drill assay results. A benefit of the leftover ore is that Vangold can bring in some short term cash flow.

Vangold Mining Corp has a market cap of C$4m.

Given the region’s history and the low Company market cap, positive drill results and commencement of ore processing could have a huge impact on the stock price.

Kenneth MacLeod on Sonoro’s Mexican gold projects

April 24, 2018 – “The focus is 99% on Mexico. The reason for that is the projects are well positioned and they are far enough advanced now that we can start to talk about potential resource and they are in areas where we can drill very quickly and very cheaply.” states Kenneth MacLeod, President, CEO and Director of Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF), in an interview with InvestorIntel’s Jeff Wareham.

Jeff Wareham: Ken when I think of Sonoro I certainly think of Mexico. I know you have got an Alaskan asset as well, but is Mexico where the focus is going to be? 

Kenneth MacLeod: Absolutely Jeff. The focus is 99% on Mexico. The reason for that is the projects are well positioned and they are far enough advanced now that we can start to talk about potential resource and they are in areas where we can drill very quickly and very cheaply. The projects are in northern Sonora State, which is very, very safe area to operate in. There is no issues with security in that particular area. We are in ranch lands. Security is extremely tight in that part of the world.

Jeff Wareham: The first main project that you have got there, from my understanding, is a big project and has the potential for leaching or heap leach, correct?

Kenneth MacLeod: Yes. In fact both projects are heap leachable. The first project is the San Marcial Project, which is 20 kilometers east of the San Francisco mine, which is operated by Alio Gold. There is similar kind of geology. It is 1,000 hectares, currently expanding it to probably 1,800 hectares or so. It has been the subject of our exploration for the past 3 years. We have developed a mineralized zone over 5 kilometers in length, 2 kilometers in wide. Now ready to drill. The sampling that we have done to date suggests an oxide zone, open pitable, heap leachable and with a plus or minus 1 gram of a grade. It is a very, very attractive project for us. There was some drilling done by Barrick and Queenstake back in the early 1990s, but it was very shallow drilling, air track drilling. It demonstrated mineralization down to the 30-40 meters that they drilled. We are satisfied that San Marcial has potential for a large-scale disseminated type deposit in the order of 1 gram per ton, somewhere in that order. The second project is 30 kilometers to the east of San Marcial. That project is just recently acquired over the past month, the Cerro Caliche Project. This particular project was the subject of extensive drilling, 10,000 meters of drilling by Corex Gold back in 2008. Corex had demonstrated a potential resource there of somewhere in the order of 300,000 ounces, grading around a gram as well. We have been able to, with the generosity of Corex Gold and a relationship with Corex, we have been able to get all of the reports from their previous drilling. It has been a major boost for Sonoro in acquiring this. The goal now is to go in there and keep on expanding the resource and hopefully over time demonstrate a million ounces of resource.

Jeff Wareham: That sort of stuff takes money. Are you going to be in the market financing right away?

Kenneth MacLeod: We were fortunate. We sold the Chipriona property right next to La India Mine to Agnico Eagle a year ago. That filled up the treasury. We brought in $4 million dollars of cash and they have a royalty, which they have an option to acquire for $1.5 million…to access the complete interview, click here

Disclaimer: Sonoro Metals Corp. is an advertorial member of InvestorIntel Corp.

Sonoro – A Case Study of a Safe Gold Play

When considering to whom to give our hard earned cash, how do we know who is capable and trustworthy? Quick financial decisions have, on many occasions, emptied bank accounts never to be refilled, but a well thought out placement of funds can reap not only extensive gains to equity, but to experience and often one’s own network. Right now, gold and silver plays are looking favourable since the world is constantly on the brink of one disaster or another, and personally, I’m searching for good geology overseen by people so deep-rooted in the mining industry that my decision is not one of faith but of sincere confidence.

In steps Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF) (“Sonoro”), an exploration and development company with a portfolio of precious metals properties in Sonora, Mexico and Alaska, USA. Sonoro’s highly skilled exploration team in Mexico is headed by expert geologist Melvin Herdrick, with 45 years of mine related experience, including 10 years as Chief Geologist for Phelps Dodge in Mexico, followed by 7 years as Vice President of Exploration for Pediment Gold (also Mexico) until its takeover by Argonaut Gold in 2011. And last but certainly not least, Sonoro’s Chief Geologist and Qualifying Person, Stephen Kenwood, has over 20 years of experience in mineral exploration and development.

When I spot a company with such talent, I am compelled to investigate further; driven by a desire to know what caught their attention when assembling their particular portfolio of assets. It is no secret that Mexico has been the world’s largest silver producer for quite some time, but it also holds the title of 8th largest producer of gold, outputting 125 metric tons last year. In fact, mining makes up 21% of Sonora state’s entire GDP, and the region in which the company’s most advanced projects are located produced 35t of gold and 360t of silver in 2015. The area is so prolific that 221 foreign mining companies operate within its boundaries; no surprise, then, that Sonoro decided to crack ground here.

In Sonora, the Chipriona project yielded results of 189 g/t silver and 0.71 g/t gold over 19.9m and 100 g/t silver and 0.40 g/t gold over 20m. Sampling at the lowest underground level, 80m below surface, returned values in one crosscut of 460 g/t silver and 0.64 g/t gold over 20m. With results such as these, the company quickly sold the Chipriona project for C$4m and a 1% Net Smelter Return in order to provide the funds to fully explore their remaining resources. Drilling is scheduled at the San Marcial project for this year, and since this project is located on the infamous (in geology circles, anyway) Sonora-Mojave Megashear, I’m expecting solid results, but impressive sampling is already emerging from the company’s Alaskan Hilltop project.

Located 75 km in two directions from two extremely successful existing mines, and contiguous to Northern Empire’s Richardson property, the Hilltop project is promising indeed. Rock samples collected in magnetic lows have returned gold values up to 27.11 g/t Au, an trenching and drilling confirm the presence of gold mineralization below the surface. In the past, drilling has returned up to 4.73 g/t Au over 1.09m (3 holes by US Gold 2011), and rock grab samples graded up to 26.55 g/t Au. So far, the best 1m sample has graded a mouth-watering 19.5 g/t Au.

So here we have a company overseen by people with fairly extreme levels of experience, working on properties with pretty intense preliminary results, and having already made a significant lump sum from one property after only four years of existence. Confidence doesn’t come much firmer than this, and with today’s world barely holding onto its axis, a safe bet is exactly what most of us need.

Alset’s Rapid Mexican Lithium Salar Shows Progress

Last year, Alset Minerals Corp. (TSXV: ION) (“Alset”) doubled down on its Mexican salars project; a collection of three salt flats in central Mexico that reportedly contain exciting quantities of the sought-after battery component lithium. Today, further positive results have attracted considerable additional investment, and prompted the company to acquire 100% interest in the salars. A full drilling project is now underway in order to ascertain the depth at which lithium-rich brines exist, which will prove the area worthy of entering the booming energy-storage supply chain, and newly promote Mexico into the ranks of lithium-producing nations.

Already, the company has demonstrated that lithium metal can be recovered in valuable quantities from the surface soils; recent lab testing proved that a weak acid leach was more than sufficiently capable of extracting upwards of 97% of the precious tech-metal. Three different composite samples were created for the test, one for each salar, and moreover, previous positive results of scientific investigations of these soils were what inspired the company to sell-off their Canadian lithium play to focus more closely on the promise of the salars-down-south.

Although the project already has considerable merit based on the existing results, the discovery of subsurface brine pools with a high lithium-density would no doubt cause company stocks to skyrocket. Brines are renowned for providing the most economical form of product recovery, in that evaporation of the brine, once pumped to the surface, is all that is required to arrive at a decent composite product that can be refined further on-site. The majority of producing lithium brines are currently found in South-America, as part of the now-famous “lithium triangle” region that holds over half of the world’s reserves.

This is precisely the focus of the current drill; Alset has committed to creating two holes in the salar known as La Salada, purportedly the most promising of the three. As testing has yet to explore below five meters, the drill cores will assess the overall depth of La Salada and demonstrate the position of the brine horizon. Metallurgical testing and further analysis can then tell us exactly what may be taken from the area, but expect significant results given that La Salada has returned grades as high as 2000mg/l lithium, 8% potassium, and 60mg/l boron. Perhaps most excitingly, preliminary geophysical surveys have indicated that the ex-lake extends to a possible depth of seventy-meters, which when proven, would create one hell of a lithium mine.

Not to mention the fact that the presence of large quantities of potassium makes for significantly lower operating costs given that the material is in constant demand for the production of fertilizers the world over. Previously Alset Energy Corp, the company more recently decided to change its name to better reflect its goals. The supply of lithium alone will be sufficient to make a company into a market leader, but spreading one’s bets is always going to provide more benefits. The focus on delivering high-end mineral products to a variety of markets is a smart move, and will provide the company with a boost to security for the coming years.

Demand for lithium is still projected to speed uphill for the next ten years, our ever-growing need for newer and better energy systems is not abating anytime soon, and a rudimentary analysis of global production confirms this year-on-year. Lithium is utterly essential to fuel this growth, and anyone who can get their hands on decent quantities will reap the benefits of the curve; expect Mexico to soon join the ranks of global lithium exporters, and within driving distance of the Gigafactory, no less.

Alset Energy’s “encouraging lithium results” in Gigafactory country

Three years ago, Elon Musk announced he was building the world’s largest lithium-ion battery manufacturing facility and the consequences were, of course, many. The Nevada Gigafactory site would be the factory-to-end-all-factories and junior mining companies the world over flocked to meet its hypothetical demands, driven by the promise to push lithium battery demand to an unprecedented scale.

Tesla quickly became a symbol that the cleantech world could be bigger and more powerful than petroleum. The very idea of it shifted the trajectories for both the automotive and energy-storage industries. This shift is behind by a projected 60% increase in electric vehicle (“EV”) sales for this year; all without a single battery being produced.

2017 should see the Colossus of Sparks roll its conveyors for the first time, ideally transitioning from promises to proof – and there is a lot to prove. Currently, there are only three notable lithium brine regions globally, namely; South America’s Lithium Triangle, Clayton Valley – not far from Tesla in Nevada – and Tibet. Apart from these three, Tesla has shown some interest in Mexican lithium production and Allan Barry Laboucan, CEO of Alset Energy Corp. (TSXV: ION) (“Alset”) believes that he can kick-start the area into becoming the fourth globally renowned lithium brine region.

Despite the fact that Mexico has no history of lithium production, Alset recently took the decision to sell its one promising lithium project in Ontario to focus on the Mexican salars. The lithium/potassium bearing salars within these concessions have produced common table salt since the 16th century. Who knew then that this brine contained elements that would someday rival silver in value? These elements of course are lithium and potassium

What is amazing about the region is the high lithium concentration in the lagoon. Mexican government scientists analysed four samples of the lagoon water, showing concentrations up to 21,000 mg/l. For perspective, Albermarle’s Silver Peak operation in Nevada’s Clayton Valley concentrates lithium to about 7,000 mg/l by evaporation before feeding it to the lithium chemical production operation. So, without doing any concentrating, the salt plant produced a solution three times stronger than what is required for lithium chemical production.

Another interesting revelation was that the samples all contained silver, ranging from 0.5 ppm to 4.3 ppm. Geothermal activity is one of the first order characteristics in the preliminary deposit model for formation of lithium brines. The silica sinters and carbonate growth textures identified at the Mexican salars are ample evidence of the geothermal activity required. It is worth noting that this same geological process is also what typically produces many gold-silver deposits and these Mexican salars are situated in one of the most prolific silver producing regions in the world. Alset medium term plans is to follow up on the silver potential of these projects.

Allan Barry Laboucan, President and CEO of Alset shared the following thoughts on the project:

 “We have just started the first phase in testing the chemical composition of our salars and our team is delighted with the results. In addition to the encouraging lithium results the potassium grades are encouraging as well. Currently Mexico imports all of its potassium and a domestic source would not only be a cost saver for Mexico but would create job opportunities in a crucial commodity for the farming sector. Furthermore, the silver results suggest there may be potential for precious metals and further work is required to assess this potential.”

Laboucan went onto reiterate that Alset is in the very early stages of assessing the realistic potential of the projects and went onto share his excitement about the results so far.

Given the current test results, we are also excited about the project’s potential. While we caution that it is indeed early days, we are looking forward to the upcoming sample leach tests prior to drilling at several of the salars in the early part of 2017.