Month: November 2020

Silver Spruce Signs Definitive Agreement on Jackie Au-Ag Property, Sonora, Mexico

“Silver Spruce is building its grassroots exploration portfolio in a very productive, mining-friendly region only two kilometres from our El Mezquite property, adjacent to Minera Alamos’ Santana project, and closer to their Nicho gold deposit currently on track for development,” said Greg Davison, Silver Spruce Director and VP Exploration.

Santacruz Silver Reports Third Quarter 2020 Financial Results

“The arrival of additional underground equipment at both Zimapan and Rosario during mid-October has been essential to our month over month increased production and cost efficiencies which should allow us to reach budgeted operational levels during Q4 2020.”

Capitan Mining Expands Known Gold Mineralization at the Penoles Gold Project in Durango, Mexico; Drills 45.7 Metres of 0.63 g/t Gold Within Larger Interval of 111.3 Metres of 0.34 g/t Gold

Capitan’s CEO, Alberto Orozco, stated: “We are very excited to receive the first batch of drill hole assays from our program on Capitan Hill at the Peñoles Project. This first batch of drill holes demonstrates strong continuity of gold-silver mineralization, particularly down- and up-dip; and they are also showing silver mineralization at depth to be more significant than previously thought.”

Large Hydrothermal Gold Silver System at el Refugio Target, Copalquin, Mexico

“The maiden drill holes at the El Refugio target have shown the area to be part of a large hydrothermal system. The broad quartz breccia zones punctuated with high grade gold-silver veins has been drill tested over 300m and is building the model of a large gold-silver system that is characterised by extensive surface alteration and rhyolite dome intrusions.”

Orla Mining Provides Construction Update for Camino Rojo Oxide Project

“The start of earth moving on site marks another important milestone in the development of Camino Rojo made possible through the collective efforts of our team and stakeholders,” stated Jason Simpson, President and Chief Executive Officer of Orla. “Project advancement continues in a controlled manner as we focus on maintaining the health and safety of our personnel.”

Discovery Reports Q3 2020 Financial Results & Update

We have now completed 43,640 m (111 holes) as part of our expanded 55,000 m Phase 1 drill program. There are currently four drill rigs operational on site. Additional drill rigs may be added when the Company is confident that the health and safety risks related to COVID-19 can be managed effectively.

Xtierra Reports Third Quarter 2020 Results

With the much improved outlook for silver prices, Xtierra announced on September 24, 2020, that it intends to drill the high-grade silver potential at Bilbao in 2 areas. The company will undertake a small drill campaign of 5 holes for a total of 1500 meters into two previously identified areas of high-grade silver mineralization.

Almaden Announces Pathfinder Elements Validate SE Alteration Zone Potential for Epithermal Veining

Morgan J. Poliquin, President and CEO of Almaden, stated “The presence of pathfinder elements in these samples is very encouraging as it corroborates our view that the SE Alteration Zone could represent the higher levels of a potential underlying epithermal system. It is quite typical that the higher parts of these systems contain negligible precious metals values. We look forward to continued mapping, and eventually drilling, in this area.”

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.
Our company BYLSA DRILLING provides drilling services in a variety of environments, ranging from typical exploration sites to extreme topographic conditions, always with the highest quality and safety standards.