Additional high-grade zinc and lead mineralisation has been identified from mapping and sampling of the La Espadas West area located in the north part of the mine; Both Las Espadas East and West mineralisation are accessible via Level 5 workings; 29 rock chip channel samples were taken over 90m strike of massive and semimassive sphalerite and galena mineralisation; High grade results returned values of 50.22%, 49.13% and 40.18% Zn+Pb combined along with 35.6g/t, 49.9g/t and 32.4g/t Ag, respectively. Results provide new evidence that improved structural understanding of the deposit is resulting in the identification of additional mineralisation at Plomosas.
J.D. Poliquin, chairman of Almaden stated, "While we have established Ixtaca as a prominent new discovery of gold and silver reserves, we are clearly only at the beginning of the discovery cycle at this project. Ongoing drilling in areas within and proximal to the PFS pit will provide very useful input into the continuing work to deliver a feasibility study early next year, and will begin the process of testing new targets on the Tuligtic claim."
Tim Barry, President, CEO and director of Silver Bull states, "The significance of finding sulphide mineralization at Sierra Mojada is that it will likely have very straight forward metallurgy and appears to have a consistently higher grade for silver when compared to our current NI43-101 compliant oxide resource. We have now defined three separate high grade sulphide occurrences to form an east-west sulphide target zone 1.4 kilometers long which is open to the west. The new sulphide zone sits at a level below the already defined oxide mineralization and has opened up a whole new series of high grade targets. From our underground geological mapping we see a number of high angle structures up to 2 meters wide containing sulphide mineralization grading up to 1,300 grams per ton silver, 42% zinc and 13% copper that appear to feed into the overlying oxide zone. Presently we are planning a more comprehensive channel sampling and underground drill program using the company owned Termite drill to test the continuity along strike and down dip of these very high grade zones. Additionally we will also aim to test the areas in between these high grade zones to see if there is potential for a bulk tonnage sulphide target. We expect this drill program to start before the end of the month."
Azure Managing Director Mr Tony Rovira also commented, “During Azure’s recent search for an advanced stage precious metal / base metal project, which culminated in the recently announced acquisition of the Oposura Project, the Company identified many early stage properties with good potential. One of the absolute stand-outs was the Sara Alicia gold-cobalt project."
Telson Resources Inc. is pleased to announce that it has received permits from Semarnat (Secretaria de Medio Ambiente y Recursos Naturales) for the reactivation of the existing tailings disposal facility and for the construction of a new larger tailings facility for the Tahuehueto Project, located in northwestern Durango State, Mexico.
Brian Robertson, President and CEO, commented, “The surveys will provide geophysical vectoring to more clearly define potential extension zones to known mineralization as well as new zones. We believe there is significant potential to expand and discover new resources at each of these zones”.