Category: Exploration and Development

“Uncovering further mineralized breccia zones on surface is the objective of current exploration. Success would be of meaningful geological importance and could have a significant impact on our understanding of structure, as well as on our interpretation of the geological potential at San Javier,” stated Chris Berlet, CEO.

Colibri Resource Corporation announces that it has received a comprehensive report covering its Evelyn Gold Project located in the Caborca Gold Belt in NW Sonora Mexico. The Evelyn is strategically located 25km East of Mexico’s largest open pit gold mine La Herradura, and 9km north east of the Noche Buena Mine.

“Pan American holds one of the world’s largest silver mineral resources and reserves base. Over the past year, we have replaced 76% of the silver and 107% of the gold mined for the 12-month period ended June 30, 2020. Particularly significant gains were realized at La Colorada, La Arena and Shahuindo,” said Christopher Emerson, Pan American’s Vice President of Business Development and Geology.

Vizsla President and CEO, Michael Konnert, commented: “The Napoleon discovery is continuing to grow with hole NP-20-08, significantly extending high grade mineralization to depth. These results have returned both high grades and broad intervals. With the recently closed C$30M bought deal financing, the Company is well positioned to continue with the four drill rigs for the rest of 2020. We are excited to continue expanding the Napoleon discovery and to test our targets to demonstrate the “district scale”, high grade potential of Panuco.”

“We are very excited that our initial holes on the La Trini deposit have confirmed significant widths of high-grade silver and gold mineralization. The La Trini deposit is a flat-lying zone that outcrops on surface, strikes approximately east-west and dips gently to the north around 20 degrees. These characteristics, combined with the gentle topography, will allow GoGold to rapidly develop the Mineral Resource of the deposit by drilling a series of short holes from surface over the next 4 to 6 months.”

“The Cerro de Oro gold project has many characteristics that mimic the El Castillo gold mine our team developed under the Castle Gold Corporation banner from 2007 until its eventual sale in 2010.” stated Darren Koningen, CEO of Minera Alamos

John Gomez President & CEO of Inomin Mines, says “The acquisition of La Gitana and Pena Blanca provides us with two gold and silver projects where initial exploration has discovered significant mineralization. At La Gitana we look forward to exploring untested areas to expand the core disseminated and high-grade gold-silver zone already delineated by drilling. Pena Blanca is geologically similar to La Gitana with a larger exposed alteration area, indicative of a major gold-silver system.”

“In the span of only 18 months, we have been able to discover over 100 million tonnes of polymetallic mineral resources through this exciting skarn deposit at La Colorada. Exploration drilling continues to demonstrate the extent of the mineralized system, which remains open in nearly all directions for resource expansions,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.

“Siempre tuvimos claridad que no teníamos relación con la posible afectación de las pozas, pues nuestros altos estándares ambientales cumplen con la regulación nacional e internacional y jamás pasaríamos por desapercibido un incidente ambiental,” precisó Luiz Camargo, Director País de Compañía Minera Cuzcatlán.

During the quarter, 2,575 tonnes of ore were mined at Plomosas, which was lower than the previous quarter of 9,987 tonnes, primarily due to the COVID-19 suspension of operations.

“This initial Mineral Resource Estimate demonstrates Los Ricos South is a premium asset, in grade and quantity of ounces. Our Mineral Reserve at Parral is generating cash flows that are being reinvested into the Los Ricos district. Over the past 16 months, we have aggressively explored and developed the Los Ricos South Mineral Resource, which we will base our PEA study upon. Concurrently, we are accelerating our exploration effort on the Los Ricos North project where we are drilling the first of multiple targets which we believe will highlight the potential of the entire Los Ricos district,” said Brad Langille, President and CEO.

CEO Michael Konnert stated “Vizsla is moving quickly to add exploration capacity at Panuco. The discovery on the Napoleon vein made it imperative that we mobilise another rig to the discovery site. The fourth drill provides the capability needed to test new targets on the Napoleon, Cordon del Oro and Animas vein corridors.”

“La Yaqui Grande represents our next low-cost, high-return project in the Mulatos District. This follows the success of the La Yaqui Phase I and Cerro Pelon projects which were both developed on budget and ahead of schedule. Given its bigger scale and low-cost profile, La Yaqui Grande is expected to drive strong free cash flow growth from the Mulatos District in 2022 and beyond,” said John A. McCluskey, President and Chief Executive Officer.

Canuc Resources Corporation is pleased to announce that it has initiated a geological mapping and systematic sampling program along the 3 km structural corridor of the San Javier Silver-Gold Project. The San Javier Silver-Gold Project is located 1 hour southeast of Hermosillo in the prolific Sierra Madre silver belt of northwest Mexico.

Luis Marchese, CEO of Sierra Metals, commented: “I am very pleased that we are restarting operations and production at Cusi. The improved silver metal price provides for greater cash flow potential from Cusi, contributing to revenue for the Company. The management team expects to continue ramping ore throughput up to the targeted rate of 1,200 tonnes per day by the end of the year, and we have plans to update studies in the second half of the year for the next phase of Cusi.”

La minera mexicana, subsidiaria de Fortuna Silver Mines, no ha encontrado relación alguna entre su operación y las presuntas afectaciones en dos pozas de agua dedicadas a pastoreo en la comunidad de Magdalena Ocotlán

Mr. Jonathan George, CEO, commented “Entering into this toll milling agreement for the Real Viejo mill, which is only 40 kilometres from our high-grade Alaska vein, provides an opportunity to capitalize on today’s strong gold and copper prices. Using a phased approach, we will look to reprocess the historical dumps and to begin rehabilitation of the historical workings which will provide safe access for extensive underground mapping and sampling.”

Commenting from the Copalquin Project in Mexico, Mithril’s Chief Executive Officer, John Skeet, said: “It is impressive to see firsthand the effort of the entire team and our first-rate contractors here in Mexico, in addition to all the support from Mithril, Australia. Chief Geologist, Hall Stewart and his team have done a wonderful job reaching this milestone within months of the transaction closing, and in these challenging times; a testament to the extensive experience and professionalism within Mithril’s team.”

The Phase 1 exploration program has been designed to refine targeting at Cerro Magallanes which is a large rhyolite flow dome complex, host of several historic workings and multiple high-grade gold mineral occurrences. Additionally, the program will focus on expanding knowledge on the sedimentary hosted mineralized targets, including to-date a total of five gold-mineralized areas.