Mexico’s environmental enforcement agency Profepa suspended operations at a Santacruz Silver property in Zacatecas state. Profepa announced a temporary closure order at the plant in Vetagrande municipality, citing inadequate atmospheric emission controls. The company also failed to present an environmental permit, equipment maintenance registers or an inventory of atmospheric emissions, Profepa said.
Mexico Mining Center los invita a asistir a nuestra tercera edición de la Conferencia Minera Discoveries que se celebrará en Hermosillo, Sonora, del 3 al 5 de abril de 2018. Discoveries es acerca de los emocionantes descubrimientos que continúan colocando a México entre los países más atractivos para la inversión minera. Esta es la única conferencia técnica de alto nivel en México enfocada en exploración minera. Cada primavera, geólogos, inversionistas y líderes de la industria minera se reúnen en Hermosillo durante tres días para conocer los últimos descubrimientos de mineral e innovaciones en exploración y desarrollo minero.
Vangold Mining CEO, Cameron King states, “The work program undertaken is by far the most intensive to date and has the potential to significantly improve the fundamentals for the Company. A defined inferred resource calculation, which is expected as a result of this campaign, should validate a definitive and significant value for the stockpiles bringing the Company closer to its production and cash flow goals.”
We are excited to initiate the Phase 1 drill program now that the rain season has passed and climate conditions are good for drilling. We have well defined drill targets at the California and Jasper porphyry oxide gold-copper targets due to the trench sampling, soil sampling, and detailed vein mapping we have completed to date said Joey Wilkins, President and CEO.
The Program will consist of 14 to 17 holes totalling approximately 3,000 metres to test the gold oxide cap located in the California Zone, where 50m x 50m spaced soil sampling identified a 600m wide by 900m long gold anomaly averaging 0.44 grams per tonne.
Pete Dougherty, President & CEO stated: We view the acquisition of the CDG as a low risk, high reward investment for Argonaut shareholders. CDG is a project in our own backyard where we have the ability to leverage our existing operations and projects teams skill sets. We view CDG as a pipeline project that fits well within our portfolio of Mexican assets. This acquisition is an opportunity to acquire a project within a well-known jurisdiction with known mineral reserves, upside resource potential, excellent infrastructure and at a reasonable investment. With $37 million in cash at September 30, 2017, projected cash flow from operations and an undrawn $30 million corporate revolver, Argonaut will remain in a strong financial position after completing the transaction.
Brian Robertson, President and CEO, commented: The results of the recent resource expansion drilling clearly demonstrate the significant potential to expand the resource at Las Minas. The major increase in the strike width of the resource, plus the resource expansion, and the addition of two new zones in hole LM-17-ED-40, bodes well for a significant increase in tonnage. And, more importantly, the long higher grade intervals, grading up to five times greater than the initial resource estimate, will also positively impact the economics of the project.
Primero Mining Corp. today announced that the Company has entered into an agreementwith Argonaut Gold Inc. to sell its Cerro del Gallo development project located in the state of Guanajuato in central Mexico.
During the third quarter of 2017 San Dimas continued to implement its production ramp-up plan following the strike action taken by unionized employees which concluded in Q2 2017. The production ramp-up experienced significant delays due to persistent issues with underground equipment reliability, which impacted development rates and underground stoping activities. Further, production in July 2017 was limited due to periods of inactivity during the negotiation of the 2016 annual workers’ bonus. Since the conclusion of these negotiations, the site has experienced an improvement in worker alignment.
Managing Director Will Dix said while the Scoping Study confirmed the viability of Plomosas as a 100,000tpa zinc project, it also highlighted the opportunity to move to larger-scale operation. Commencing small-scale production next year is certainly a viable option to generate short-term cashflow with the aim of moving to more significant production within two to three years, Mr Dix said.
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