Drill Results Summary for TSX Venture, Aug. 14, 2017

Today, August 14, 2017, the TSX Venture Exchange Index was up 1.83 points to 764.64. In total for the TSX Venture, 331 issues advanced, 348 remained unchanged and 363 declined.  During the trading day, 113,333,831 shares changed hands in 20,356 trades worth approximately $42,3697,000 (CDN).  At time of publication, gold was down $6.80 to $1287 and silver down half a cent to $17.065.

OK2 Minerals Ltd. (TSX-V: OK) reported results from its 2017 phase 1 exploration program at its Pyramid copper-gold porphyry project in British Columbia. Eleven holes were drilled for a total of 1,260.42 metres, and four zones were drill tested. The company plans to test deeper targets in the hope to produce some better results. Shares in the company remained unchanged with 251,800 shares traded for the day.

Erdene Resource Development Corp. (TSX-V: ERD) released additional assay results from the company’s 2017 drill program at its Bayan Khundii gold project in southwest Mongolia.  Highlights include: step-out drilling north of Midfield Zone returns several high-grade intersections, including:  40 metres of 3.3 g/t gold, including 9 metres of 12.5 g/t gold, 165 metres north of the Midfield Zone (BKD-179), 71.6 metres of 1.6 g/t gold, including 19 metres of 4.6 g/t gold, 80 metres north of the Midfield Zone (BKD-178) and 39 metres of 2.1 g/t gold, including 9 metres of 8.2 g/t gold, 200 metres north of the Midfield Zone (BKD-182).  Shares in the company were up $0.03 cents to $0.82 cents on 161,500 shares for the day.

For the rest of the year, the drilling program at Bayan Khundii will focus on defining the newly discovered high-grade mineralization encountered during its 2017 exploration program and exploring a series of geophysical and geochemical targets within the larger 2-kilometre by 1.8-kilometre Bayan Khundii target area.  In addition, the company  will complete regional drilling between Bayan Khundii and its Altan Arrow gold-silver project.   Based on upcoming  results, and on drilling completed at Altan Nar in 2015 and 2016, the company hopes to update its resource estimate at Altan Nar in 2018 and a maiden resource estimate for Bayan Khundii.

Dolly Varden Silver Corp. (TSX-V: DV) released results from exploration drilling on the Dolly Varden silver project in the Golden Triangle of northwestern British Columbia.  Hole DV17-058 — lower zone yielded a core length of 16.1 metres (13.19-metre true thickness) grading 269 g/t (grams per tonne) silver, 0.3 per cent lead and 0.21 per cent zinc for a silver-equivalent of 292.8 g/t. Within this Lower Zone interval is 7.65 metres (6.27 m true thickness) grading Ag 481.1 g/t, Pb 0.50 % and Zn 0.29 % for a silver equivalent of 517.3 g/t.  This constitutes the discovery of a new zone located 200 metres north and 200 metres deeper than the north side of the Torbrit deposit. It was planned to consist of over 5,000 metres of diamond drilling in about 25 to 35 drill holes. A proposal is being considered to expand the 2017 exploration program to about 12,000 metres.   Market response was positive as the news of the results pushed shares in the company up 0.09 cents to $0.69 cents on 216,400 shares traded for the day.

Salazar Resources Ltd. (TSX-V: SRL) released results from an additional 10 holes of its current drill program on the company’s Curipamba project in Ecuador. Highlights include 6.87 metres averaging 1.47 grams per tonne gold, 10.9 g/t silver, 7.42 per cent copper and 1.01 per cent zinc from hole CURI-234 and from hole CURI-231 3.09 metres averaging 0.60 g/t gold, 9.40 g/t silver, 6.43 per cent copper and 0.18 per cent zinc.   News of the results did not affect the shares in the company for the day, as share price remains unchanged at $0.12 on 400 shares traded.

Silver Range Resources Ltd. (TSX-V: SNG) reported grab samples up to 73.3 g/t Au at Enigma, south of Yerington in Lyon county, Nevada.  The company plans to conduct a survey at the property to further define the geology of the area.   Shares in the company were half a cent on 10,000 shares to finish the day at $0.195 cents.

Avino Silver & Gold Mines Ltd.  (TSX-V: ASM) released drill results from the remaining 11 holes of its 22-hole drill program at the main Avino mine, 80 kilometres northeast of Durango, Mexico.   The company commenced new drill programs on the Avino property which are targeting three areas of mineralisation. The first area of drilling is located on surface at the west end of the San Gonzalo mine and comprises six holes for a total of 1,200 metres of drilling. The second area is situated where the Avino-San Juventino and the footwall breccia intersect and consists of five holes for a total of 1,300 metres. The third area is located in the historical El Chirumbo mining area, which is located at the east end of the Avino vein and comprises 10 holes for a total of 2,000 metres of drilling. Shares in the company were up $0.04 to $2.11 on 25,100 shares traded for the day.

Nicholas LePan

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