Author: Josue Gomez

“As metal prices rebound our strategic focus has been to continue to define and improve the Cordero Resource. We expect the 2017 drill results will extend an Au enriched sulphide zone from the Diatreme into the Dome that will have a positive effect on economic projections in the continuing starter pit analysis. The 2017 Resource infill drilling also adds to our exploration understanding of the deposit. Our next step is to provide a 2017 43-101 compliant Resource update to the market and continue the starter pit evaluation toward producing Preliminary Economic Assessment. We are pleased with the 2017 drill results and the improving metals market, which fit our plans to improve Levon shareholder value. We believe Cordero, our 100% owned key asset, is a remarkable project with upside continuing to be realized” says Ron Tremblay, President and CEO.

Neil Woodyer, CEO stated “We have been steadily advancing the development of the Bermejal Underground as an expansion project at our Los Filos mine, and the start of the portal and ramp is a significant achievement within our initial six months of ownership. The contribution from underground mining at Bermejal will add approximately 150,000 ounces per year to the operation and bring the combined production rate to 350,000 ounces per year once fully operational.”

Juan de Dios Magallanes, director de Minas de la Secretaría de Economía de Gobierno del Estado precisó sobre el proyecto minero de la empresa canadiense Oro Silver Ltd., que informó el pasado 13 de septiembre la alcaldesa Judit Guerrero López se asentará en la capital del estado, que sí se trata de la reactivación de la mina El Compás que se ubica en la comunidad de El Orito, y que tuvo su más reciente actividad de explotación hace 30 años.

El 20 de Septiembre del presente año, Mina El Chanate, de la empresa Minera Santa Rita, filial del corporativo Alamos Gold, Inc., ubicada en el municipio Altar, Sonora, logró el record de 1,000 días sin accidentes incapacitantes. Esta meta se ha cumplido gracias al compromiso de Minera Santa Rita y de sus contratistas Sinergia Obras Civiles y CAT Núñez quienes mantienen el valor principal de la empresa que es “Llegar a casa seguro todos los días”.

Summary of week’s progress at the Magistral del Oro Project, Chihuahua