Month: March 2018

“We have made good progress on the exploration program in the first two months of the year” said Greg McCunn, CEO of Alio. “The discovery of two new breccia targets outcropping at surface and within close proximity to the existing Mineral Resource is an exciting development and shows the potential of our 56,000 hectare land package. The surface drilling to test the known extension of the breccia below the proposed pit is designed to allow us to more fully understand the nature and extent of the mineralization ahead of drilling from underground. With the decline construction now fully underway, we expect to be in a position to start drilling from underground in Q3 2018.”

The first phase of this current campaign will comprise 10-12 diamond core holes for approximately 1,000m and is expected to take about six weeks to complete. It is designed to target along-strike and down-dip extensions of the high-grade mineralisation intersected in the 2017 program. Based upon anticipating further success, a second phase of drilling is currently being planned to complete a 50m x 50m drill pattern over the mineralised body.

“The reprocessing operation will offset holding costs and allow the mill to remain in a fully operational status,” said Pierce Carson, CEO. “Meanwhile we are continuing to focus on securing sources of high-grade gold and silver ore that can be trucked to the mill for processing. We are close to being able to announce the acquisition of an attractive property that will allow us to resume mining operations, build production and increase cash flow.”

Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Anchor Zone. Drilling is tentatively planned to resume in April 2018 to test the large gold-in-soil anomalies of the Crossover and Cobre prospects that lie north and northwest of Anchor respectively.”

“Es necesario hacer un trabajo conjunto entre mineras, gobiernos y comunidades en torno a proyectos mineros, dijo Luis Alberto Moreno, presidente del BID, en un panel de discusión organizado por el Consejo Canadiense para las Américas (CCA), organismo dedicado a analizar la relación de Canadá con las Américas.