Author: Josue Gomez

“The discovery of mineralized breccia zones on surface would be of considerable importance. Confirmation of silver-gold mineralized breccia zones would quickly shift our focus from the proven high grade veins to these larger bulk tonnage type targets. This would have a major impact on the Company’s future.” stated Hub Mockler, Executive Chairman.

“The results of our first two metallurgical sample drill holes are a reminder of the high-grade nature of the breccia system within our proposed open pit at Ana Paula,” said Greg McCunn, Chief Executive Officer. “These holes are similar in grade and lithology to the previously drilled holes and compare favorably to the block model. These results further validate our decision to proceed with constructing an underground decline to test the known extension of the high-grade breccia system outside the current MRE, below the proposed pit.”

Igor Gonzales, President, and CEO of Sierra Metals commented: “Management is committed to improving operations in Mexico and to increase the profitability of both the Bolivar and Cusi Mines. We have undertaken efforts to appoint experienced and qualified personnel to run the operational improvements program and improve the efficiency and operations at both mines. We expect that our program efforts should be more apparent in the latter part of 2017 and we will continue working toward completion of the improvements scheduled for the end of Q1 2018. We are optimistic about the outcome and expect to see higher cash flow from our Mexican operations starting in Q2 2018.”

Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These encouraging drill results help to verify the portion of the historic resource within the Argentina-Remedios area of the Veta Colorada. A new resource estimate will be prepared at year-end for release in the 1st quarter of 2018. Drilling is ongoing at other areas of the Parral property such as Palmilla and San Patricio, where there was a history of high grade mining but very little drilling and no previous resources, to test for new silver resources. We plan to release additional drill results during the 4th quarter of 2017.”

Frederick H. Earnest, Vista’s President and CEO, commented, “We are pleased to have Minera Alamos as a partner in the GdlR Project. We believe they have the requisite experience and skill to succeed in Mexico, and we are very supportive of their commitment to develop the GdlR Project. The Option Agreement preserves the upside of the GdlR Project for Vista shareholders by maintaining exposure to the underground potential as well as providing near-term non-dilutive strength for our balance sheet.”

Pete Dougherty, President & CEO stated: “The achievement of commercial production at San Agustin is a major milestone for the Company. I commend the team on its ability to deliver the project on schedule, under budget and with no major safety or environmental incidents. We view San Agustin as an important piece of the El Castillo Complex given the shared infrastructure and synergies with our neighbouring El Castillo mine. We believe the El Castillo Complex has the ability to ramp up to 150,000 gold equivalent ounces of production over the next couple of years, which will be the driving force of our approximate 60% production growth rate and lower operating costs by 2019.”