Issue link: http://resourceworld.uberflip.com/i/355430
18 www.resourceworld.com A U G U S T / S E P T E M B E R 2 0 1 4 borate basins in the Americas. Bacanora plans to investigate the feasibility of bringing this project to production within the next two to three years. The company is also exploring the Sonora lithium project. Canasil Resources Inc. [CLZ-TSXV; 3CC-FSE] reported that MAG Silver Corp. completed the Phase II diamond drill program of 6,501 metres in 12 drill holes on Canasil's Salamandra silver- copper-zinc-lead project in Durango. Together with the Phase I drill program of 3,609 metres in five holes, a total of 10,110 metres of drilling has now been completed in 17 drill holes by MAG under the 70% option agreement. Phase II drill results are pending. Cangold Ltd. [CLD-TSXV] has signed an option agreement to acquire from Vista Gold Corp. [VGZ-TSX] up to a 100% inter- est (subject to underlying royalties) in the mining rights to the Guadalupe de los Reyes Project, Sinaloa. The project covers a past- producing district dating back to 1772. A Preliminary Economic Assessment carried out on the project by Tetra Tech for Vista on March 4, 2013 estimated an indicated resource of 6.8 million tonnes grading 1.73 g/t gold and 28.71 g/t silver and an inferred resource of 3.2 million tonnes grading 1.49 g/t gold and 34.87 g/t silver. Capstone Mining Corp. [CS-TSX] see base metal feature page 9. Cayden Resources Inc. [CYD-TSXV] released results for 11 additional drill holes from the Pena de Oro target at its El Barqueno gold property in Jalisco. Highlights include 45 metres of 4.06 g/t gold with 0.39% copper in hole 76; 19 metres of 4.98 g/t gold with 0.26% copper in hole 80; 20 metres of 2.58 g/t gold with 0.36% copper in hole 73 and 30 metres of 1.70 g/t gold with 0.88% copper in hole 78. Chesapeake Gold Corp. [CKG-TSXV] is focused on its 100%- owned Metates gold deposit in Durango where there are NI 43-101 proven and probable reserves of 18.5 million oz gold, 526 million oz silver and 4.2 billion lbs zinc. A positive Pre-Feasibility Study (PFS) indicated a 120,000 tpd open pit operation with a 25-year mine life. Average annual production during the first six years of full production is 845,000 oz gold, 25 million oz silver and 190 million lbs zinc at a gold equivalent cash cost of $355/oz, net of zinc credits. El Tigre Silver Corp. [ELS-TSXV; 5RT-FSE; EGRTF-OTCQX] reported additional strong assay results of a recently completed underground and surface sampling program at its El Tigre silver and gold project in northern Sonora. The Protectora vein area sampling returned 0.8 metres of 1,148 g/t silver equivalent – 10.5 g/t gold and 518 g/t silver. A total of 126 surface and 30 under- ground samples were collected from the Protectora vein area. Endeavour Silver Corp. [EDR-TSX; EXK-NYSE; EJD-FSE] has three 100%-owned producing silver-gold mines in Mexico: The Bolanitos Mine, the El Cubo Mine, both in Guanajuato, and the Guanacevi Mine in Durango. During 2013, the three mines col- lectively produced 6.8 million oz silver. Excellon Resources Inc. [EXN-TSX] operates the 100%-owned La Platosa Mine in Durango, one of Mexico's highest grade silver mines, with lead and zinc by-products making it one of the low- est cash cost silver mines in the country. Diamond drilling has resumed at La Platosa Mine that includes 10,000 metres of drill- ing focused on discovering new high-grade, massive sulphide mantos near current mining operations and following up on the carbonate replacement deposit discovery. First Majestic Silver Corp. [FR-TSX; AG-NYSE] owns and operates five producing silver mines: La Parrilla, San Martin, La Encantada, La Guitarra, and Del Toro. Production from the five mines is expected to be between 12.70 and 13.35 million oz silver or 14.85 to 15.60 million oz silver equivalents in 2014. Fortuna Silver Mines Inc. [FVI-TSX; FSM-NYSE] has a 100% interest in the San Jose silver-gold mine in Oaxaca, a low-sulphi- dation, high-grade epithermal deposit. During 2013, the mine produced a record 2.5 million oz silver and 19,031 oz gold. Gainey Capital Corp. [GNC-TSXV] has completed the upgrade program at its 300-tonne-per-day (tpd) mill on the El Colomo property in western Mexico, increasing efficiency and substan- tially reducing operational costs. The infrastructure is now in place to support a second 300-tpd ball mill, ramping up through- put capacity to 600 tonnes per day. The company is seeking nearby clients for toll milling of their ores. Garibaldi Resources Corp. [GGI-TSXV] is drilling the Silver Eagle target, Rodadero North, in central Sonora. Hole SE-14-01 returned • Well-funded low cost producer • Focused on growth, expanding from 500 to 1500 tonnes per day in 2014. • 40 + years of experience in Mexico • Acquired Bralorne Gold Mines Ltd. in 2014 AVINO AVINO SILVER & GOLD MINES LTD. ASM: NYSE/MKT ASM: TSX.V Avino Silver & Gold Mines Ltd. 900 – 570 Granville St., Vancouver, BC V6C 3P1 (604) 682-3701 ir@avino.com www.avino.com