Category: Exploration and Development

Prospero Provides Drilling Update for the Pachuca SE Project Identifies a Fully Preserved Epithermal Mineralized Zone

Tawn Albinson, the President of Prospero Silver commented: “We are pleased with the latest set of results from Pachuca SE. Holes 1, 2, 3, 10, & 11 have highlighted interesting precious metal grades over intervals of up to 24.9m downhole, indicating prospective other deeper targets for future drilling, although the strike extent is unknown at the moment. We’ll be discussing the implications of the current results with Fortuna soon.”

Silver Spruce Receives Drill Permit for Cocula Gold Project

“With surface access agreements and the drill permit in place, the Company is quickly advancing its technical studies to support a decision to earn a 100% interest in the project,” stated Karl Boltz, CEO of Silver Spruce.

Leagold Commences Multi-Phase Exploration Program in Bermejal South Area at Los Filos

Leagold CEO Neil Woodyer stated: “Over 6 million ounces of gold have been mined or are in mineral reserves along a 4 kilometre length of the north end of the Bermejal Intrusive contact, and yet a further 8 kilometres of the contact remains with very limited exploration to the south. Less than 2% of previous drilling was to the south, despite several prospects of high-grade mineralization, and an area with potential for broad widths of lower grade mineralization has been identified, demonstrating the prospectivity of this area. We are initiating a multi-phase program that will progressively identify, test and advance targets in this area.”

Programa Comunitario de Alamos Gold es Reconocido como Mejor Práctica de RSE 2019

El comunicado firmado por el Lic. Jorge G. Villalobos, Presidente de Cemefi, señala: “Nos da mucho gusto constatar que gracias al compromiso y liderazgo de empresas como Minas de Oro Nacional – Alamos Gold, sigue creciendo en nuestro país la cultura de la responsabilidad social empresarial, para beneficio de todos.”

Silver Spruce Samples More High Grade Gold Surface Mineralization at Cocula Advanced Gold Project

The recent work indicates that past drilling may have inadequately explored the geometry of the mineralization over several targets. The previous drilling was done by the reverse circulation method and no structural information was obtained. Many of the drill holes in the main structure are vertical and do not cross structures interpreted as steeply dipping whereas drill holes to the west are angled, though too short to intersect the main mineralization tested by the vertical holes. The Company intends to test these areas during its first drill program.

Sonoro Prepares to Launch Phase 3 Drilling Program at Cerro Caliche

Sonoro Metals Corp. reports that a comprehensive program of 3D modeling, mapping and sampling is currently underway at the Company’s Cerro Caliche gold project in Sonora State, Mexico. The program is a continuation of the Company’s strategy of systematically exploring Cerro Caliche as it concurrently advances its proposed heap leach pilot operation. Drilling to date continues to outline shallow, bulk tonnage gold mineralized zones with grades similar to operating heap leach mines in the region.

Gainey Awards Drilling Contract for Las Margaritas Project

Gainey Capital Corp. is pleased to announce that it has engaged Ore Drilling S de RL de CV of Hermosillo, Mexico as the contractor for its diamond drilling program at the Las Margaritas gold project in Durango. The Company has finalized the preparation of the infrastructure required including the repair and construction of approximately 39 kilometres of road and a water reservoir system to support the drilling.

Riverside Completes Acquisition of the Los Cuarentas Project From Millrock Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to have closed the transaction and to be working with our dedicated Mexican team to progress these former mine areas with modern exploration and drilling. The recent success by companies like SilverCrest Metals, Premier Gold Mines, First Majestic, Agnico Eagle and others surrounding our project demonstrates the excellent potential for new discoveries in the district.”

IMPACT Silver intersects 2.14m of 418 g/t Silver and 1.58m of 1,393 g/t Silver Extending the San Ramon Mine to depth at Zacualpan, Mexico

The San Ramon mine has produced for 14 years and continues to yield more silver mineralization. The San Ramon Deeps zone continues down to the southeast extending the known mineralized system to a depth of 1,611 m above sea level. Known mineralization over the total San Ramon workings has a down dip length of over 500m. Further drilling is planned to further test the extent of this prolific zone.

Almaden Updates Stakeholders on Permitting Progress for the Ixtaca Project, Mexico

We are very grateful to the constructive feedback we have received from local stakeholders, independent consultants and engineers, civil society organisations and individuals further afield that have improved the Ixtaca project over the past number of years. Our stakeholder engagement has focussed not only on supporters but has opened its doors to those known to have concerns. Our monthly technical sessions are open to all, have provided a safe environment for discussion and have made available experts in all aspects of the mining process. Our sponsorship of trips to operating mines elsewhere in Mexico have provided nearly 500 local stakeholders first-hand experience of the realities of mining.

Discovery Metals Announces Mobilization for 35,000m Drill Program at its Cordero Project

Taj Singh, President and CEO, states: “In just a few short weeks we have made great strides at Cordero. We have integrated our teams, progressed well through our review of historic drilling, planned our first holes, and accelerated the start-up of our drill campaign. We are very excited to be aggressively exploring one of the world’s largest silver projects against a backdrop of rising silver prices and we are confident that our high-grade and high-margin approach at Cordero will add significant value.”

Silver & Gold Exploration Underway on Alacrán Project

Commenting on the strong potential of the Alacrán Project, Azure’s Managing Director, Mr. Tony Rovira, said: “Azure’s exploration team has a good track record for making significant silver and gold discoveries on the Alacrán project, with the Mesa de Plata and Loma Bonita deposits together containing resources of more than 32 million ounces of silver and 150,000 ounces of gold.”

U. S. Antimony Announces Continued Progress on the Los Juarez Gold and Silver Project and Reducing Costs of Antimony Production

CEO John Lawrence said “As a result of lower antimony prices and increasing prices for gold and silver, USAC will prioritize precious metals. The Company is now very close to the start-up, testing and shake down of the Los Juarez gold and silver leach at the Puerto Blanco mill. The Company continues to take steps to reduce its costs of producing antimony products in response to the lower global sale prices.”

Orla Mining Awards EPCM Contract For Camino Rojo To M3 Engineering

“M3 has a wealth of engineering knowledge and with its extensive experience in Mexico, it is well suited to design and build the Camino Rojo project on time and on budget”, stated Jason Simpson, President and Chief Executive Officer of Orla. “We look forward to commencing detailed engineering work by mid-September as we work with M3 to build a high-quality project that begins to produce gold in mid-2021.”

Radius Gold and Pan American Silver to commence phase 3 work at Amalia Project, Mexico

Radius Gold Inc. is pleased to announce that Pan American Silver Corp. has elected to operate the next phase of exploration at Radius’s high-grade gold-silver Amalia Project located in Chihuahua, Mexico, and will reinitiate work in Q3 of 2019. The work program at Amalia will focus on preparation and execution of the phase 3 drilling program which includes an additional 2,500 m of diamond drilling.

Argonaut Gold Announces Successful Completion of Additional San Agustin Water Well

Argonaut Gold Inc. is pleased to announce it has completed the fourth water well at its San Agustin operation and that the new well has demonstrated sufficient water capacity to meet the needs of the operation to run at 30,000 tonnes per day of ore. The Company anticipates ramping up to 30,000 tonnes per day at the San Agustin mine during the fourth quarter of 2019.

Further High-Grade Silver Results at San Celso and Los Campos Projects

Bill Brodie Good, Technical Director of Alien commented, “the Company’s San Celso and Los Campos projects continue to show significant potential for high-grade silver mineralisation. This recent round of sampling has confirmed historic surface and underground work on these projects and that there remain significant mineralised in-situ ore bodies to be developed.”

Advance Gold’s Completed Geophysical Survey at Tabasquena Project Identifies a Large Continuous IP Anomaly

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Based on the size and number of vein intersections in the near surface drilling in the andesites, our exploration team has felt that we have found a very large system. The IP survey has now identified such a possible system. Where the IP anomaly starts is approximately 100 metres below the past drilling and almost directly under the main Tabasquena vein. This depth is very important because it is approximately where the graphitic phyllite horizon begins. The major mines nearby, operated by Fresnillo Plc., and MAG Silver’s Juanicipio mine currently under construction, are epithermal veins systems focused on zones within the graphitic phyllites…”

One World Lithium Announces Salar Del Diablo Tour with Montgomery and Associates and Private Placement

One World Lithium Inc. announces that Mike Rosko of Montgomery & Associates and operator of the Salar del Diablo exploration program will be meeting drilling companies and other service providers in Hermosillo, Mexico before touring the Salar del Diablo Property located in Baja California, Mexico. Also attending the meetings and site tour will be Doug Fulcher, OWL’s President and CEO, and Kevin Milledge, an OWL Director and manager of field operations. They will visit previous and proposed drill site locations as well as surface geological features. The field trip will be from September 09 to 12, 2019.

High Grade Silver Results, Including 6 Metres at 232 g/t Ag, Enhance San Marcial Project

Goldplay President and CEO Marcio Fonseca commented, “Over recent months, our exploration activities to expand existing NI 43-101 silver resources at San Marcial have succeeded in delineating new high-grade gold targets, but we have also been able to discover new silver zones peripheral to the resource area. These latest high-grade silver results, including 6m at 232 g/t Ag, from a re-opened historical adit at the Faisanes target, on the NW edge of the resource area provide lateral and depth continuity to the high-grade silver results reported from our nearby surface trench SMtr-001, which returned 56m at 196 g/t Ag. We expect to test this target further in our current drilling program, which already has identified bonanza-grade gold (1m at 204.6 g/t Au) in the adjacent SM-19-01.”