Category: Exploration and Development

Candente Gold Corp. – Due Diligence Conducted on Cocula Gold Project Mexico

Candente Gold Corp. is pleased to announce that a due diligence site visit to the Cocula Gold Project in Jalisco, Mexico has been completed. Samples were collected to check historical reporting and also to conduct preliminary metallurgical test work to assist in determining the best methods for processing material from the deposit.

MAG Silver Announces First Production From Juanicipio

“This first production from Juanicipio is a major milestone for the Company” said George Paspalas, MAG Silver’s President and CEO. “The successful processing of development material not only provides cash flow to offset capex, but further de-risks the project as it heads toward commercial production. We are looking forward to the first production stope coming online in Q4 2020, and our potential to continue to produce cash whilst we complete the process plant construction.”

Brigadier Drilling at Picachos Intersects 5-Metre-Wide Vein Below High-Grade Historical Gold Mine

“Intercepting the San Agustín vein close to where we anticipated it would be, both assists in confirming our understanding of the continuity of the vein at depth and its geometry”, said Michelle Robinson, Brigadier’s qualified technical person. “In addition, the use of a diamond drill with relatively large core size will yield previously unknown details of the geology and structure of the four different veins systems set to be tested during this drill campaign. These are very early impressions and much work is still to be done, but we are highly optimistic about the potential at Picachos.”

Sierra Metals Announces Positive Preliminary Economic Assessment Results for Doubling Output at its Bolivar Mine in Mexico to 10,000 Tonnes per Day

Luis Marchese, CEO of Sierra Metals commented: “I am very encouraged by the results of this PEA which support the Company’s organic growth strategy and plan to profitably develop and grow the Bolivar Mine production rate to 10,000 TPD in 2024 from today’s capacity of 5,000 TPD, based on current analyst consensus metal price estimates.”

Protección Federal para Sector Minero en el País

“Hicimos una evaluación para seleccionar a nuestros mejores elementos y los llevamos a un entrenamiento de capacitación y especialización en protección de instalaciones mineras; por lo que hoy se lleva a cabo la instalación de 120 policías del Servicio de Protección Federal especializados en este sector.”

Radius Gold Expands Plata Verde Project by 500ha and Announces New Road Construction

Radius Gold Inc. is pleased announce that it has acquired the right to purchase the 500 hectare Don Jose property that surrounds Radius’s Plata Verde silver project located in Chihuahua, Mexico. The Company is also pleased to report that local land owners have constructed a new access road that reaches the Project, enabling year round access by 4×4 trucks and facilitating exploration and future drilling programs.

Orex Set to Begin Exploration on Sandra Silver-Gold Project

Orex’s President, Gary Cope said “The two claim packages comprising the Sandra project would be best explored as a single property. We are extremely happy to be working with the Pan American Silver team and are very pleased with the faith they have shown in our group by entrusting us with day-to-day operation of the exploration effort”.

Minera Alamos Provides Update on Development Plans for the Cerro De Oro Gold Project, Zacatecas, Mexico

“In just a few short months since the Cerro de Oro acquisition we have rapidly advanced the project on a number of parallel fronts. All indications to date support our belief that the deposit is an ideal project for the design and development of another low capital intensity heap-leach operation to expand the Company’s future growth potential” stated Darren Koningen, CEO.

Colibri Resource To Sell 50% Of Its “Jackie” Gold Exploration Project Located Near The Santana Gold Mine Under Construction In Sierra Madre

“We are enthusiastic about the prospect of working with the Silver Spruce team on the Jackie Gold project. This is the second project that they have taken a 50% interest in with us in less than six months. Their commitments to earn 50% of each of these projects significantly reduces Colibri shareholder’s exploration risk, eliminates near term dilution of shares to provide funding for these two projects and also provides Colibri additional cash and equity upside.”, states Ron Goguen, President & CEO of Colibri.

Golden Tag Initiates Exploration Program to Unlock Value on 100% Owned San Diego Project

Greg McKenzie, President and CEO commented, “We are excited to commence exploration on the Company’s 100% owned San Diego Project, host to one of Mexico’s largest undeveloped silver deposits and a prime candidate for resource expansion. San Diego is located in a highly prospective geologic setting, approximately 2 kilometres northeast of the Peñoles El Cobre Project, which has nearly 100 drill pads and recently moved into the engineering phase with optimization studies underway.”

Silver Spruce Signs LOI to Acquire 1,130-ha Jackie Au-Ag Property, Sonora, Mexico

“Silver Spruce is excited to add another large grassroots exploration property 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 deposit currently under construction for gold production. We expect to have the geological teams working on the Jackie property in mid-October,” said Greg Davison, Silver Spruce VP Exploration.

Comet Resources – Appointment of Project Manager – Santa Teresa Gold Project

Matthew O’Kane, Managing Director of Comet Resources, said, “Interminco’s experienced team is now mobilising to Ensenada, which will be Comet’s in-country base of operations in Mexico. Ensenada is only 100Km from the project site by mainly sealed national highways. Interminco’s experience in Mexico will be invaluable in getting Santa Teresa exploration underway quickly and efficiently.”

Canuc Reports Silver, Copper and Gold Metal Suite at San Javier

“Our latest results continue to manifest significant silver over-assay percentages with magnetite association, but now also have elevated gold and copper detections. This is consistent with the IOCG deposit model originally postulated for San Javier by Dr. Hitzman in 2006. We provide a link to Dr. Hitzman’s full report on our website and are now refining our exploration focus to target this deposit type on Company claims.”

MVZ Silver Mine Project Update Chihuahua State Mexico

The 1750-hectare Property hosts 3 past producing silver-gold deposits, El Moro, La Virginia and La Zorra (MVZ Property). The Property is situated within Grupo Minero Diflor’s Pajarito Project which covers a 10 X 25 km, fault-bounded exposure of older sediments and intrusives surrounded by voluminous younger post-mineral rhyolites.

Comet Resources – Initial JORC Resource at Santa Teresa Gold Project

Comet Managing Director, Matthew O’Kane, commented “The initial JORC compliant Resource is the first step for Comet in moving forward with Santa Teresa. Through this process we have increased our understanding of the mineralisation. It is also interesting to see the sensitivity of the resource to different top cap grades. With the Resource being open at depth and along strike, I am confident that we can extend mineralisation with the upcoming drilling.”

Riverside Prepares for Fall Drill Program at the Cuarentas Project and Samples 9.1 g/t Gold over 3.4 m

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to be working with Hochschild Mining’s fine exploration staff, as together we are refining and detailing excellent drill targets. We are particularly pleased that our sampling programs have demonstrated the link between the Santa Rosalia Mine and Santa Rosalia Sur targets. We have worked safely and effectively through COVID-19 and our in-country Mexico team now has the field camp set up with all operational capabilities to commence drilling this fall.”

Impact Silver Announces Option Agreement on Nuevo Taxco Silver-Gold Project

CEO and President of IMPACT Silver, Fred Davidson, comments, “While IMPACT exploration focuses on near-term increases to mine area tonnage and brownfield opportunities, transactions such as this one with promising junior explorers with access to capital allow IMPACT to unlock additional value and exploration upside without time commitment and capital from our team. With over 200 square kilometers of land, we believe we have just scratched the surface and invite a dynamic company such as Red Oak to share our exploration upside.”

Prismo Metals Receives Permit Extension for Palos Verdes

“Receiving the permit extension is welcome evidence that the permitting process is fully functional despite earlier slow-downs stemming from the Covid-19 crisis,” said Dr. Craig Gibson, Prismo Metals President and CEO. “The combined extensions will let our drilling program follow the geology, not the clock as we seek to follow the high-grade mineralization encountered earlier into untested ground at depth.”

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