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Junior roundup: Leagold, SolGold, Samco Gold

Bnamericas
Junior roundup: Leagold, SolGold, Samco Gold

Leagold Mining reported an updated mineral resource estimate for its Bermejal underground deposit at the Los Filos gold mine in Mexico.

Measured and indicated resources of 10.8Mt contain 2.07Moz gold at 6.0g/t, with inferred resources of 4.6Mt at 4.8g/t for 0.70Moz. Leagold is developing an underground mine at the deposit.

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Australia-based SolGold issued an update on drilling at the Cascabel copper-gold project in Ecuador.

Highlights included 454m at 0.53% copper equivalent, including 230m at 0.75%.

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Samco Gold intends to amend the maturity date of an outstanding convertible note in favor of Sentient Global Resources Fund, in the principal amount of US$500,000, to June 29, 2018.

The amendment is subject to approval by the TSX Venture Exchange. Samco has historically operated in Argentina and is currently focused on the acquisition and development of mineral properties in the Americas.

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