Month: August 2016

“We are incredibly excited to be back exploring Platosa again,” stated John Sullivan, Vice President Exploration. “We have conducted minimal drilling to expand Platosa manto resources since 2011, and the area near the Platosa mine itself remains wide open for the discovery of new mantos both laterally and at depth. Additionally, we are revisiting the geophysical data collected at Platosa from 2006 to 2011 with the help of Geotech. With today’s much faster processing power, along with the cutting edge application of neural networking and artificial intelligence, we hope to obtain an entirely new perspective on exploration at Platosa. We remain convinced that the Platosa mantos are merely the edge of a much larger CRD system.”

Mark Brennan, President and CEO of Sierra Metals stated “We have been working diligently to aggressively increase high grade tonnage at all of our mines. The brownfield programs currently underway are yielding very positive initial results as highlighted by our Esperanza discovery.” He continued “Other targets are moving ahead very positively and we hope to provide greater disclosure over the coming months as drilling assays and QAQC standards are completed.”

“The Cerro Cascaron project continues to impress with high grade gold and silver systems spread over large areas on the project. This channel sampling program has provided drill targets at San Pedro and Carabina, confirmed our understanding of the controls on high grade epithermal mineralization, and increased the cumulative strike length of the vein system. Sample results from the newly-recognized high-grade silver La Cascarita prospect demonstrates the district scale of the project with the majority of the property yet to be explored.” commented Alain Charest, Evrim Resources’ Vice President Exploration, Mexico.

Commenting on the recently initiated financing, Tawn Albinson, the President of Prospero said: “This month’s capital raise is intended to give fresh impetus to our Mexican exploration programs. Our main priority would be to advance Bermudez with a detailed sampling program to delineate potential drill targets. We are also pushing ahead with showing the Petate project to potential joint venture partners and hope to have news on this front in the near future. We have identified a series of additional targets and projects which we plan to advance to full project status and are also looking at potentially drill testing one of our projects ourselves.”

Mexus Gold US is pleased to announce that the liner installation on its heap leach pad is now complete. The next step in the process is to place the filtration material on the pad. Mexus expects this step to be completed by the 19th at which time ore can begin to be placed on the pad.