Articles Tagged "TSXV:SOP"

Source Exploration Extends Mineralized Zone at Las Minas by 650m Down-dip

Gold – Source Exploration Corp. (TSXV:SOP,FWB:4QW) reported that the mineralized zone at the Las Minas gold project in Mexico has been extended. It now extends approximately 650 metres down-dip, with initial step-out drilling linking the flat dipping Eldorado/Juan Bran zone with earlier drilling completed in 2011 further south. Highlights include intersections of 22.0 metres grading 2.00 g/t Au Eq, 14.0 metres grading 4.01 g/t Au Eq, and 14.3 metres grading 3.59 g/t Au Eq.

Source Exploration Extends High-grade Mineralization at Las Minas

Gold – Source Exploration Corp. (TSXV:SOP) reported that high-gradfe mineralization on strike and to depth has been extended, during step out drilling at the Santa Cruz target of the Las Minas gold project in Mexico. Hole LM-15-SC-16 was drilled to extend the high-grade mineralization in hole LM-12-SC-54 to depth, and intersected 6.54 g/t gold equivalent over 14.0 metres, contained within 24.0 metres grading 4.30 g/t gold equivalent. According to CEO Brian Robertson, these results "bode well for the development of a maiden mineral resource estimate."

Source Exploration Extends Options for 2 Las Minas Concessions

Gold – Source Exploration Corp. (TSXV:SOP) has extended its option agreement for the Pueblo Nuevo and La Luz 1 concessions, at its Las Minas property, for two years. The new agreement extends the term to May 3, 2017, under the following terms: US $12,500 cash consideration and US $12,500 in common shares of Source upon acceptance of the TSX Venture Exchange; US$12,500 cash and US$ 12,500 in common shares of Source on April 22, 2016; and a reduced US$150,000 final option payment extended to May 3, 2017.

Gold Price Up Following Fed Meeting After Hitting Four-month Low

Gold – Gold bugs hoping for good news from the precious metals space will have been disappointed again, as there was no brighter gold price at the end of the rainbow this St. Patrick's day. Prices dropped to a four-month low, hitting about $1,143.40 per ounce during Tuesday trading hours before settling around $1,149.10, down about half a percent from the previous day's close.

Source Exploration to Drill Las Minas in March

Gold – Source Exploration Corp. (TSXV:SOP) announced a 2,000 metres drill program in March for the Las Minas Property in Mexico. Source has signed a contract with K.D.L. Mexico S.A de C.V. for this drill program aiming to extend and infill the Santa Cruz zone where previous drilling hit an intersection of 10 metre interval averaging 10.6 g/t gold, 48.47 g/t silver and 7.44% copper or 24.11 g/t gold equivalents.