Month: December 2018

Candelaria Mining Acquires the Remaining 40% Ownership of Pinos Gold Project

Curtis Turner, President and CEO of Candelaria Mining stated: “I am pleased to announce that Candelaria will hold 100% of the Pinos Gold Project. The recently released PEA shows that Pinos is a great small scale project with the ability to grow with exploration potential. Developing the property as outlined in the PEA will allow us to commence with a low-capex project which will generate cash flows to allow further expansion in operations and exploration organically.”

Sonoro’s Drilling Expands Mineralization at Cerro Caliche

“The ongoing drilling program at Cerro Caliche continues to meet the primary objectives set out by Sonoro’s technical team prior to exploration,” said Kenneth MacLeod, President and CEO of Sonoro. “Drilling by earlier operators suggested the potential to develop a large-tonnage, heap leachable resource at Cerro Caliche suitable for open-pit mining. The current results support that proposition.”

Mammoth Provides Corporate Update on Exploration Activities at the Tenoriba Project

Thomas Atkins, President and CEO of Mammoth commented on the results from drilling, stating: “We’ve always been impressed and intrigued by the sheer dimensions of the gold-silver footprint at Tenoriba, one that measures about 15 square kilometres and still remains open to the east and west. Given we intersected potentially economical values of gold-silver in 9 of 11 drill holes from this campaign and that 7 of these holes tested areas over one kilometre to the east and west of the area previously drilled, illustrates the vast potential of the deposit.”

Major Drilling Reports Profitable Second Quarter Results for Fiscal 2019

“Demand for our services continued to grow in all of our regions this quarter. Despite the recent drop in commodity prices, most senior mining companies are continuing with their original plans as they work to replace their mineral reserves,” said Denis Larocque, President and CEO of Major Drilling Group International Inc. “The Company’s strong operational leverage was evidenced as revenue growth of 20%, combined with improved margins and flat general and administrative expenses, translated into a 71% increase in EBITDA.”

Minera Alamos Provides Year-End Development Update for Santana Gold Project, Sonora, Mexico

“As the year draws to a close the Minera Alamos team has made excellent progress at Santana in anticipation of what we expect to be our first commercial mine in 2019. The consistent recovered grade from the bulk test work at Nicho Norte coupled with low cyanide consumption suggests the potential for a robust open-pit, heap-leach operation. As a result, discussions with mining contractors have been initiated in anticipation of approval of our commercial permit applications and making a final construction decision”, stated Minera Alamos President Doug Ramshaw.

Avino Announces Drill Results From Avino Open Pit Mine Area

“These drill results are encouraging and indicate the possibility of additional mill feed for Mill Circuit 4 in the future, and as we are currently in a low metal price environment, we are always looking at economical ways of running material through the Mill.” said David Wolfin, President and CEO. “Additionally, I would like to thank the operations team in Mexico for their continued initiative and focus on multiple stages of growth at the Avino Mine.

Ethos appoints Jo Price, M.Sc, MBA, P.Geo as VP Exploration

Ethos Gold Corp. is pleased to announce that it has appointed Jo Price, M.Sc., MBA, P.Geo., as Vice-President Exploration. Jo is an independent geological consultant to a number of junior mining and exploration companies with more than 20 years in the field, including 10 years in project management. She has worked on multiple gold, poly-metallic, and graphite, and vanadium projects in the USA, Australia, and Canada. Jo has a Bachelor of Science in Geology (1995) from the University of Wales, College of Cardiff, and a Master of Science in Geology (1997) from Dalhousie University in Halifax. Jo is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Association of Engineers and Geoscientists of British Columbia (APEGBC).

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