Mexican mining company Minera Autlan said on Tuesday a suspension of operations at its ferroalloys plant in the northern city of Gomez Palacio since December has extended into January due to difficult domestic steel market conditions.
Fred Stanford, President and CEO of Torex, stated: “In 2020 we expect our El Limón Guajes mine to deliver a similar production result to the record performance achieved in 2019. This level of production with continuing strength in the gold market, positions the Company to deliver another year of strong operating cash flow, which we expect to direct towards advancing Media Luna, testing Muckahi, and reducing outstanding debt.”
Since October, 2019, Prime geologists have been working with a database of 493 historic drill holes to establish a new 43-101 compliant in-pit resource over all of the project areas at Los Reyes. For the first time since modern work has been completed at Los Reyes, all 493 historic drill holes are in one data base. The data set has been thoroughly reviewed and in early December was forwarded to Stantec Consulting Ltd., which is presently working towards a new resource estimate within the coming weeks.
Augmented reality is quickly becoming one of the must-have technologies for major industries, including healthcare, government, military, automobiles, and education. It’s even transforming the mining industry with regards to improving mine productivity, reducing maintenance costs, protecting miners, providing site tours of mines, and training in real-world environments, notes Mining Technology.
“Production at Parral has increased for 5 consecutive quarters, and we are now at a production level we aim to maintain for the rest of the year. Our production rate this quarter is 80% higher than where we were at this quarter last year.” said Brad Langille, President and CEO.
Radius Gold Inc. is pleased to report that the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico has been completed. The high-grade mineralized shoot discovered at Amalia in December 2018 has been extended at depth and remains open to expansion. Defining its extents and new high-grade shoots will be the goal of phase four drilling.
Silver One Resources Inc. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 11,300,000 units at a price of $0.25 per Unit for gross proceeds of $2,825,000. Further, Eric Sprott, through 2176423 Ontario Ltd., a company which is beneficially owned by Sprott, subscribed for $1,000,000 of the Financing. As a result, Sprott continues to be the largest shareholder of Silver One and holds 12.4% of the issued and outstanding shares of Silver One.
Fred Stanford, President and CEO of Torex Gold, stated: “The purpose of the planned 175 hole infill drill program was to upgrade approximately 13 million tonnes (25%) of the Inferred resource to the Indicated resource category. The program was successful, 166 holes were drilled, 12.6 million tonnes were upgraded, and there was a modest increase in gold equivalent grade.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Each time we do more work at Tabasquena, it gives us added confidence that we are looking at a very large sulphide system with associated widespread quartz veining throughout the entire system, including adularia, crustiform and colloform quartz, as well as some veinlets of quartz-adularia crystals. We are expecting a strong flow of news, with assays from the 78-metre sulphide zone expected shortly, a current hole being drilled, a second drill rig planned to arrive shortly, and a third phase geophysical survey underway.”
“The planned sale of the Silver District will allow us to focus on our near-term production opportunities in Mexico with our primary emphasis on obtaining financing for our Santa Maria mine project,” said David Drips, President & CEO of Magellan.
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