Day: April 11, 2018

Greg Crowe, Silver One’s President and CEO commented, “This geophysical survey has been very successful in identifying potential for down-dip, westward extensions to the historic resource area that have never been drilled. It has also outlined new areas of low resistivity that are associated with strong to moderate zinc, lead and/or copper in soil geochemical signatures. The CSAMT further identified deep zones of low resistivity which suggest wide channelways for potential mineralizing solutions. The silver manganese oxide resource area, in combination with the zinc-lead-silver system as identified in the soils geochemistry, have geological similarities to the Hermosa-Taylor deposits being developed by Arizona Mining, located approximately 125 kilometres to the northeast of Peñasco Quemado.”

Commenting on the testwork program, Azure’s Managing Director, Mr Tony Rovira said, “This second stage of metallurgical testwork has delivered excellent results, significantly improving on the initial testwork from last year and indicating that we will be able to produce high quality, high grade, clean concentrates with very high recoveries. These excellent results from so early in the study process makes me confident that further optimisation studies, which are currently in progress, will continue to provide additional improvements to these already good recoveries and grades.”

Kootenay President and CEO James McDonald states, “We are very excited that drilling has extended silver mineralization for a full 1000 meters northwest of the La Cigarra resource. We are particularly enthused with holes 42 and 43, which are situated furthest from the resource boundary and carry the best grades indicating excellent potential for further resource expansion on strike. Moreover, the mineralization is shallow and projects to surface indicating potential for these intercepts to fall within an open pit shell. We look forward to providing further results from the current drill program as assays are received and compiled.”

Fred Stanford, President & CEO of Torex stated: “Enough has already been said about the disruption caused by this union representation challenge and associated illegal blockade. With the recent end of the blockade and now the end of the union representation challenge, we can move forward with an absolute focus on value creation for shareholders and all stakeholders.2018 promises to be a year of many catalysts and the entire team looks forward to delivering on the full value of the asset.”He added, – “Torex has always supported the legally sanctioned, democratic union selection process. We see this Los Mineros Union withdrawal from the union selection process as a tacit acknowledgement that the incumbent CTM Union has the support of the majority of union eligible employees.”