Month: November 2018

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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