The Company is initially targeting a five to ten million tonne, shallow high grade Cu-Au resource localized along the strike length of the exposed skarn zone. Further work will examine the deeper potential of the mineralizing system including a potential Porphyry Cu-Au source for the shallow high-grade mineralization.
Carlos Silva, COO of Santacruz, stated, “The 50% acquisition of Carrizal Mining in early Q3 of 2019 made an immediate impact to our production profile and bottom line by producing 606,589 silver equivalent ounces and generating mine operating earnings of $1 million.”
CEO John Lawrence said “Leach testing could be ready at Puerto Blanco by the end of December 2019, and it will also involve the processing of flotation concentrates at Madero. Typical shake down changes, transportation logistics, and a review of costs per ton of ore processed are anticipated. “
Pete Dougherty, President and CEO stated: “The drill program to date has focused on testing the same gold-bearing geological structures that strike westward into the Magino deposit from those of the adjacent Island Gold Mine, Lochalsh gold deposit. Through the incorporation of structural and geochemical data, the program continues to target and intercept deeper high-grade gold-bearing structures below the currently designed open pit.”
Las políticas de integridad de dicha empresa alcanzaron un puntaje de 98.04, en una escala de 0 a 100, por lo que fue la empresa con capital mexicano mejor calificada, a la par de otras nueve firmas extranjeras, de las 500 que abarcó el estudio.
Pete Dougherty, President and CEO stated: “We are disappointed with SEMARNAT’s decision to not approve the MIA for the San Antonio project. We have worked hard with the local community and have had positive feedback. We have tremendous support for the project from the local community of San Antonio and the surrounding areas, where members of the local population marched in support of the project and voiced unwavering support at the public information meeting during the MIA process. We continue to believe that San Antonio provides an opportunity for a model mine with the use of clean technologies that also provides near and long-term benefits to the region.”
Silver Spruce Resources Inc. has concluded its due diligence and will not negotiate a Definitive Purchase Agreement to acquire the Cocula project in Jalisco State, Mexico.
GREAT PANTHER MINING LIMITED reports that it is revising its fourth quarter production guidance for its Tucano Gold Mine in Brazil to between 31,000 and 33,000 ounces of gold, down from 39,000 to 44,000 ounces. Accordingly, annual consolidated guidance, which includes the Company’s Mexican operations (and Tucano operations from the March 5, 2019 acquisition date), is adjusted to 142,000 – 149,000 gold equivalent ounces, an approximate 6% decrease from the midpoint of the prior production guidance range of 150,000 to 160,000 gold equivalent ounces.
Discovery is focused on advancing a portfolio of silver projects in historic mining districts in northern Mexico, including the Cordero project in Chihuahua state, and the Puerto Rico, Minerva and Monclova projects in Coahuila state.
The net proceeds from the Offering will be used for exploration expenditures on the recently consolidated Panuco-Copala precious metals district in Mexico and for working capital.
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