Month: July 2018

Goldcorp Provides Second Quarter 2018 Exploration Update

Goldcorp made significant progress in the second quarter on its brownfields exploration work, where strong results, in particular at Musselwhite and Cerro Negro, continued to highlight the potential to add to our mineral reserve base in order to achieve our goal for mineral reserve growth included in our 20/20/20 plan. An aggressive field program is under way across all our Canadian sites to work up early stage targets for potential drill campaigns during the winter season. In LATAM, the focus is on new discoveries at Cerro Negro and data collation and interpretation at the Norte Abierto joint venture.

Harvest Gold Resumes Trading

Harvest Gold Corporation (TSX.V: HVG) announces that the trading in the Company’s shares was halted pending a determination by the TSX Venture Exchange as to how the sale of the Company’s Suriname assets (as detailed in a news release dated July 23, 2018) (the “Sale”) would be treated under Exchange policies. Following communications with the Company, the Exchange determined that the Sale qualifies as an “exempt transaction” under Exchange Policy 5.9.

Coeur Reports Second Quarter 2018 Results

“Led by our Palmarejo operation, we delivered strong financial and operating performance in the second quarter, which has resulted in an increase to our companywide full-year production guidance ranges and a reduction to our companywide full-year cost guidance ranges,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Endeavour Silver Drilling Intersects 269 gpt Silver and 5.5 gpt Gold over 1.1 Metres (19.9 opt AgEq over 3.6 Ft) at Calicanto Property, Zacatecas, Mexico and Provides Development Update for the El Compas Mine

Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces that near mine exploration drilling along the Calicanto, Santa Fe and Misie-Karla vein systems on the Calicanto property in Zacatecas State, Mexico continues to intersect high grade silver-gold mineralization along strike and down dip of positive drill results reported last year. The Calicanto property is located within close proximity to the El Compas Mine, and has the potential to provide further growth opportunities for the new mine.

Fresnillo plc – Production Report for the three months ended 30 June 2018

Octavio Alvídrez, Chief Executive Officer, said: “I am pleased to report a robust production performance in the first half. In line with our strategy, we continue to actively manage and strengthen our asset portfolio. In particular during the period we have successfully ramped up our new San Julián JM mine to full capacity which has made a significant contribution to overall production. We have also made good progress with our development pipeline, with our two main projects now complete. The Pyrites Plant has been commissioned and final testing at the Second Dynamic Leaching Plant is on track. Both projects will make a meaningful contribution to overall 2018 production.”

Canasil Reports 190 g/t Silver, 1.35% Zinc and 0.22% Lead over 1.92 metres True Width from Vein Structure at La Esperanza Silver-Gold-Zinc-Lead Project

This vein intercept is at a vertical depth of approximately 225 metres below surface, located 50 metres below and 25 metres step-out to the SE from drill hole ES-17-16. This wide vein intercept is the southeast extension of the La Esperanza vein and is located in an untested area that is below previous drilling. The entire vein structure appears to be preserved over the 14.11-metre intercept in this zone and this opens the southeast extension of the La Esperanza vein for additional drilling along strike and to depth, which is very encouraging.

SilverCrest Expands High-Grade Babicanora Norte Vein & Adds More Veins

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We continue with our successful Phase III expansion drill program with further high-grade silver-gold intercepts in multiple veins at Las Chispas. This most recent drilling of the Babicanora Norte Vein intercepted native silver, silver oxides, and fine-grained free gold in several holes along an estimated strike length of 900 metres, expanded from the previous 200 metres. We now have identified 30 epithermal veins on the Property with a total cumulative strike length of approximately 20 kilometres, of which 5 kilometres have been partially drilled and only 3.5 kilometres were included in the maiden resource. We are currently step-out drilling with nine core rigs at the Babicanora Norte, Granaditas, Luigi and Babicanora veins, including the Area 51 southeast extension. We are systematically working towards an updated resource in Q3, 2018.”

Mexican Gold Samples 5.11 g/t Gold & 7.15% Zinc Over 2.0 Metres and 11.14 g/t Gold Over 1.4 Metres at Changarro Zone, Las Minas Project

Brian Robertson, President & CEO, stated, “Our ongoing field exploration work continues to deliver high-grade assays from historical mines and well as new discoveries within the Changarro – La Perdida area. These results from several widely-spaced localities clearly demonstrate that the high–grade mineralization is extensive and appears to be structurally controlled similar to the El Dorado Dike Contact zone.”

Caída de oro y plata arrastra a Fresnillo

El precio de los metales básicos y preciosos descendió en el mercado internacional en lo que va del año y la perspectiva, por lo menos para la plata y el oro, se ve poco alentadora, destacaron analistas de Barclays.

Mexus provides clarification on recent press release

Mexus Gold US (MXSG) released an amendment to today’s press release. The company wants to make it clear that the ore at the 8 Brothers and the 370 differ in composition. The company is analyzing the material at the 370 which does not require roasting. This ore will be used moving forward. Mr. Lemas’ comments on the 8 Brothers ore was a general comment about what would be needed to process the 8 Brothers material. The 370 porphyry runs all the way to the 8 Brothers pit and is the focus of Mr. Lemas’ work now.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.