Month: November 2018

Millrock Announces New Drilling Program at La Navidad Gold Project, Results From El Picacho Gold Project, Sonora State, Mexico, and General Corporate Update

Millrock Resources Inc. is pleased to report that another drilling program is underway at the La Navidad gold project in Sonora State, Mexico. The program will focus on the northwestern portion of the project. Four holes are planned at the El Tigre prospect, where gold has been detected by soil sampling in the vicinity of historic mine workings. Northwest trending high angle structures appear to control mineralization. Three holes are planned to test the El Chupadero prospect where alteration (decalcification and jasperoid replacement of limestone) points to the possibility of an intrusion-related gold deposit. In total, seven holes totaling 1,500 meters are planned. The exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc.

Mina El Chanate alcanza 6 M/HH sin incidentes incapacitantes

“Enhorabuena, muchas felicidades a toda la familia Chanateña por este gran logro, parece fácil pero se requiere de mucha disciplina y actitud de cada uno de nosotros para poder llegar a 6 millones de horas. En lo personal es un gran orgullo pertenecer a esta gran familia, y deseo que esto no quede aquí, que lo extendamos afuera de nuestro entorno”, declaró Obiel Pino Alonso, Superintendente de Seguridad de la mina El Chanate.

Azucar Minerals Provides Drilling Update for El Cobre Project, Mexico

J. Duane Poliquin, Chairman of Azucar commented, “With the completion of the Newcrest private placement and related corporate spinout earlier this year, the El Cobre project is now, for the first time, going to benefit from comprehensive, well funded drill programs. Drilling in 2016 and 2017 confirmed four high quality targets across a five kilometer strike. At one of these targets, Norte, the objective of current drilling is to define the higher grade mineralized area in order to be able to define a resource….”

Torex Reports Continued Exploration Success In The Sub-Sill Zone

Fred Stanford, Preident and CEO of Torex stated: “Today’s results confirm the potential to expand resources in the Sub-Sill Zone. The drilling program continues to discover new skarn zones and the deposit remains open in both down-dip and down-plunge directions.Down-dip is expected to be the higher priority for near term programs with a purpose of adding to reserves.”

Goldplay Announces Private Placement

Goldplay Exploration Ltd. is pleased to announce that the Company will undertake a private placement of up to 6,818,182 units at a price of CDN$0.22 per Unit for gross proceeds of up to CDN$1,500,000.

Aloro Mobilizes Drill Rig to the Los Venados Project

ALORO MINING CORP. is pleased to announce that it has mobilized a Reverse Circulation (RC) drill rig to the Los Venados Project. The RC drill rig was expedited from Hermosillo, Sonora to Mulatos, Sonora this morning and will arrive later today.

Kootenay Options High-Grade Columba Silver Project in Mexico

Kootenay President and CEO James McDonald states, “Columba is a very rare opportunity to get into a property with the potential for the discovery of classic high-grade Mexican style vein deposits. These opportunities only arise from the combination of depressed markets for silver and the success of our generative program to identify prospects. As we have seen in recent months high-grade discoveries have added a lot of value to market cap to a handful of juniors. Based on our sampling and historic reports we believe that Columba has potential for such a discovery. We are very excited to get to work on rapidly advancing the Property to drilling hopefully by the first quarter of next year.”

Mexus Gold US – Drilling has commenced at Santa Elena mine

Mexus Gold US announced that drilling at the Santa Elena mine located in Caborca, Sonora State, Mexico commenced November 18th. The company spent the last few weeks prepping the drill pads and preparing for arrival of the drilling rigs. Initial drilling is focused on the Julio II mineralized area. The diamond core drilling and sampling will be done in accordance with 43-101 rules. This is the beginning of Mexus’ combination confirmation/exploration drilling program with a heavy emphasis on exploration.

Silver Spruce Signs Definitive Agreement to Transfer Kay Mine

“This transaction is integral with Management’s plan to consolidate the Company’s shares and reduce its debt. Together, with its current financing, the Company will focus on advancing the fully-permitted drill program at Pino de Plata project in Mexico,” stated Karl Boltz, CEO of Silver Spruce.

México avanza en seguridad minera

México ha mejorado en seguridad en minas y plantas metalúrgicas durante los últimos 12 años, porque tanto empresas como trabajadores han fortalecido las acciones, con lo que se ha fomentado la cultura de la prevención, afirmó el Sindicato Nacional Minero Metalúrgico FRENTE.

Golden Minerals Announces SEDAR Filing of PEA for Santa Maria Silver-Gold Project

Golden Minerals Company is pleased to announce the filing on SEDAR of a Preliminary Economic Assessment and accompanying Technical Report for its Santa Maria silver?gold project located in southern Chihuahua State, Mexico. The report, entitled “NI 43?101 Technical Report, Updated Preliminary Economic Assessment, Santa Maria Silver Project, Santa Bárbara, Chihuahua, Mexico” is dated September 14, 2018 and was prepared in accordance with National Instrument 43?101 Standards of Disclosure for Mineral Projects by the independent firm of Tetra Tech.

Starcore International Mines Ltd. – 2nd Quarter Production Results

“We are happy with the steady improvement in production over the past year” reported Salvador Garcia, Chief Operating Officer of the company. “The focus continues to be moving inferred resources to the proven and probable category and improving operational culture at our principal asset, the San Martin mine”.

Los principales proyectos de minería de cobre en México

El mayor estado productor de cobre en México es Sonora con 84.1% de la producción total. Este valor se conforma primordialmente por las aportaciones de las minas Buenavista del Cobre y La Caridad (principales productoras del metal en el país). También participan en la producción de esta entidad las minas Milpillas, María y Piedras Verdes.

Riverside Develops Four New Target Zones At The Cecilia Gold Project, Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside has continued working on the Cecilia Project following-up on its initial soil and channel sampling programs further refining the targets on the concession. The recent program has defined several epithermal targets that show significant strike length and need to be drilled. The Cecilia 1 concession expands Riverside’s exploration footprint over a much larger area (58 km2). The fieldwork to date demonstrates the robust nature of the Cecilia Project showing large mineralized structures over significant strike lengths.”

Minera Alamos Defines Significant Surface Exposure Surrounding New Divisadero Porphyry Discovery Hole — 95.7 Metres of 1.47 G/T Gold Equivalent — at the Santana Project, Sonora, Mexico

“Following the initial drill hole discovery of the new Divisadero porphyry system, our exploration team began the process of mapping and sampling the available surface exposure around this exciting new target. With over half the surface rock samples returning greater than 0.1 g/t gold, we have confirmed the potential of the new system and have successfully followed the known extents of the Divisadero mineralization for a distance of at least 300 m before it recedes under overburden. With this new information we look forward to further defining the target in our upcoming Phase 2 drill program. As a result of this year’s exploration, there are now five known areas of “Nicho-style” intrusion related gold mineralization identified at the Santana project site including the newly identified Zata and Divisadero zones. We are confident that as we expand our geological efforts more discoveries will be made.” stated Darren Koningen, CEO of Minera Alamos.

First Batch of Assay Results Returned from La Virginia, Sonora, Mexico

Silver Viper’s President and CEO Steve Cope states, “The initiation of exploration activities at La Virginia after a 5-year pause is a significant milestone. We are very happy to see respectable grades returned from our first batches of samples from these drillholes and look forward to exploring new targets on the property.”

Golden Minerals Acquires Navegantes Silver Exploration Project

Mr. Warren Rehn, President and Chief Executive Officer of Golden Minerals, said; “Navegantes is an exciting prospect that hasn’t been systematically explored even though it is located in an area of several modern major discoveries. We were pleasantly surprised by the high-grade surface silver assays from heavily weathered and leached veins outcropping on the surface.

Telson Retains Glencore Technology for Albion Process Testing

States Antonio Berlanga, Telson CEO, “In our ongoing quest to maximize the returns from Campo Morado production we are excited to embark on Albion Process testing, an exciting new proven technology, to liberate gold and silver from mines with refractory gold and silver mineralization. If testing proves successful, we intend to fast-track funding the capital costs and installation of the Albion Process recovery equipment and technology during 2019. Thereafter, we believe Campo Morado will transition from predominantly a zinc producer, into a primary precious metal producer with strong base metal by-products which will certainly and positively impact the mines profitability.”

Leagold Increases Los Filos Open Pit Reserves by 122%

Leagold CEO Neil Woodyer commented: “As we are nearing the completion of our site-wide studies on options for Los Filos mine expansion, the integration and scheduling of the mining and processing of the four sources of ore is a complex task to optimize. We now have the good problem of re-scheduling to include this significant increase in gold reserves at the Los Filos open pit which will contribute to the production schedule until 2027. This is just one component of the expanded Los Filos mine, and it provides an indication of the expansion potential. We are also completing studies to update the mineral reserves for Los Filos underground and Bermejal open pit, establish an initial mineral reserve for Bermejal underground, and evaluate the increased benefits of constructing a carbon-in-leach plant to improve recovery rates.”

Leagold Announces Q3 2018 Results and AISC Margin of $22.1 Million

“Among our mines, Fazenda and Pilar both performed as expected in the quarter. Los Filos production was below expectations in Q3, mainly due to the significant increase in contained gold placed on the pads that has caused recovery delays. With Los Filos production set to increase in the near term, the restart of RDM now scheduled for November 20, and the expected cost savings from optimizations in Brazil, we are looking forward to increased production and cash flow in 2019.”

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