Junior roundup: Eloro, Colombian Mines, Golden Arrow, Angel Gold

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Tuesday, October 18, 2016

Toronto's Eloro Resources closed its acquisition of the La Victoria gold-silver property in Peru from Tartisan Resources, the former said in a statement.

The property was in escrow pending recording and registration of all applicable transfers with Peruvian authorities.

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Vancouver-based Colombian Mines Corporation has granted an option to purchase its Anori project in Colombia to a private Colombian party for US$820,000, a press release said.

Under the terms, the buyer may purchase a 100% interest in the Anori concession contract subject to a permanent 1.5% net smelter returns royalty on production from Anori. The concession surrounds the buyer's Solferino mine, a high-grade, fully permitted underground mine.

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Vancouver's Golden Arrow Resources said, in a statement, it started its first exploration program at the recently optioned Antofalla silver-gold-base metals project in Catamarca province, Argentina.

The company has outlined a Cdn$2mn (US$1.52mn) program that includes remote sensing, IP/resistivity geophysics and geochemical sampling to delineate targets. These targets will be tested with an estimated 3,000m drill program.

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Vancouver-based Angel Gold said it is advancing to the next stage of its field exploration program at the El Porvenir project in Colombia's Segovia-Remedios gold belt.

The focus of the stage is on following up on multiple occurrences of previously announced high-grade gold and silver samples. It will include an IP survey, further prospecting and sampling and a 2,000m drill program, Angel said in a press release.