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.
Ken, along with Melvin A. Herdrick, PGeo, Technical Advisor, and Isidro Flores, M.Sc. in Geology from the University of Sonora, Country Geologist, will assist in the evaluation and development of the Los Venados project in Mulatos, Sonora, Mexico.
Silver Bull Resources, Inc. is pleased to provide a corporate update on the Sierra Mojada project and announce the imminent start of an 8,000 meter surface drill program to target a series of the sulphide extension at depth of the main deposit already defined at Sierra Mojada as well as a series of never before tested targets within the wider area.
MEXICAN GOLD CORP. announces that further to its press release of February 15, 2019, it has withdrawn its application to the TSX Venture Exchange to extend the expiry date of outstanding warrants exercisable to purchase an aggregate of 8,423,068 common shares of Mexican Gold originally issued in connection with the non-brokered private placement of 12,333,333 units, with each Unit being comprised of one common share of the Company and one transferable common share purchase warrant. The Private Placement was first announced on February 13, 2017. Mexican Gold had requested that the TSX Venture Exchange extend the expiry date of the warrants to September 3, 2019.
Coeur Mining, Inc. today announced fourth quarter 2018 production of 3.5 million ounces of silver, 99,460 ounces of gold, 3.1 million pounds of zinc and 1.7 million pounds of lead, or 9.8 million silver equivalent ounces (12.2 million ounces based on average spot prices during the fourth quarter). Silver and gold production during the fourth quarter increased 19% and 12%, respectively, compared to the prior quarter. Strong results were driven by increased production from Palmarejo and Rochester as well as significantly higher production from Kensington.
Pete Dougherty, President and CEO stated: “We challenged ourselves early in 2017 to achieve an approximate 65% production growth target between 2017 and 2019. With our record fourth quarter in 2018 leading to a record year for the Company in terms of production, we are well on our way to achieving this objective. During 2018, we surpassed the significant milestone of over one million GEOs produced since Argonaut’s founding, a testament to our commitment to health and safety, our people, our communities and our environment. There are two items that highlight that we are conducting our business the right way: one, we received the Environmentally and Socially Responsible Company designation in Mexico for the seventh consecutive year; and two, we had our best annual safety performance in the Company’s history.
Total Mulatos District Mineral Reserves (including La Yaqui Grande and Cerro Pelon) decreased 170,000 ounces to 1.7 million ounces grading 1.16 g/t Au with mining depletion partially offset by higher grade additions at Cerro Pelon.
This represents the Companys 10th consecutive year of paying a dividend during which time the Company has returned $142 million to shareholders through dividends and share buybacks. The dividend increase is aligned with the Companys long-term commitment to returning capital to shareholders and is supported by recent higher gold prices and the Companys expectation for significant free cash flow growth in 2020 and beyond.
One World Lithium Inc. has signed a contract with Layne de Mexico to drill 4,200 meters, (14,000 feet) on its Salar del Diablo Property located in the State of Baja California Norte, Republic of Mexico.
A gold/silver sale for the 162 oz of contained gold and 54 oz of contained silver was made resulting in net proceeds of US$213,000 received by the Company. Following the successful Phase 1 results achieved in late 2018, the Company has also completed its exploration plans for a Phase 2 exploration and development drilling program at the Santana project. The program is currently planned to total in excess of 10,000 m and is expected to run throughout the year. Phase 2 work will include expansion drilling at the Nicho and Nicho Norte deposits and exploration drilling at a number of high priority targets.
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