Category: Exploration and Development

SilverCrest Announces Best Drill Hole to Date; 8.6 Metres (True Width) at 7,873 gpt AgEq, Newly Defined Area 118 Zone

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “After prioritizing in-fill drilling for the better part of 2019, our team is excited to resume focusing on resource expansion with the announcement of drill hole LC19-118. We are particularly excited that this record hole was drilled in the Las Chispas Area which until now has been a secondary priority relative to the high-grade mineralization delineated in the Babicanora Area.”

GoGold Intersects 26m at 2.97 g/t Gold Equivalent Including 4m at 14.16 g/t Gold Equivalent

“Holes 56 and 61 are the deepest holes drilled to date at Los Ricos, and shows the project continues to be open at depth with strong mineralization. We still see a broader mineralized zone of over 20 metres at these depths which may be amenable to deeper bulk mining and also shows a high-grade core within these broader zones which may represent underground mining targets,” said Brad Langille, President and CEO.

Colibri Receives Geological Mapping Study Results at Evelyn Gold Project

Observations made during the study have identified 7 exploration targets of interest within the two areas thus far. Upon receipt of the geochemical sample results from the program Colibri will determine next steps of the program which will include drilling and a possible geophysics program.

SilverCrest Announces Babi Vista Vein High-Grade Expansion

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “With the recent discovery and expansion of the Babi Vista Vein, we continue to add value through the drill bit at Las Chispas as we systematically discover and expand high-grade silver-gold mineralization in the district. These new drill results for Babi Vista are impressive, with the wider higher-grade intersections to depth being some of the widest mineralized vein intercepts on the property.”

Evrim Acquires the Suanse Property in Mexico

“The acquisition of the Suanse Property solidifies the exploration potential of the greater Llano del Nogal project,” commented Paddy Nicol, CEO of Evrim. “In particular, Evrim’s Suanse porphyry target sits on the margin of the Suanse property boundary and can now be explored more completely and effectively. Evrim is seeking a partner for this exciting exploration opportunity.”

Endeavour Silver Reports Initial Drill Results for the El Curso Property Adjacent to the Guanacevi Mine in Durango, Mexico, Including 1,182 gpt Silver and 3.07 gpt Gold over 5.1 m True Width

Luis Castro, Vice President, Exploration commented, “We previously stopped mining the P4 orebody at the El Curso property boundary so these initial drill results simply confirm that the high grade silver-gold mineralization continues to the northwest. Since our main ramp access to the Milache orebody passes from P4 across the El Curso property, we are drilling from underground drill stations along the ramp.”

Bacanora Lithium plc – Sonora Lithium Project Update

Bacanora CEO Peter Secker said “Recent research reports predict the lithium industry would need US$30 billion in investment in upstream capacity to meet its forecast of 1 million tonnes of supply by 2025 (a threefold increase on current levels). In order to secure funding, any new lithium project needs to be low on the operational cost-curve, without having to rely on by-product credits to artificially lower that cost per tonne. A project also needs to have reliable engineering cost estimates. A project needs to be of sufficient scale, in a location with a favourable environmental and political climate and deliver a high-grade end product. The Sonora Lithium Project is one of the very few projects globally that can deliver on all of these factors.”

Defiance Provides Corporate Update

Defiance has initiated a two-phase technical program at San Acacio. Field work will commence in the third week of November with an immediate emphasis on evaluating the main San Acacio resource at depth as well as brownfields targets adjacent to the mine area and to the south east of the Resource Area. These targets encompass, but are not limited to, alternate mineralization styles, fault bounded “blind” vein systems, and structural targets on the Veta Grande system.

Robo Millonario en Sonora: Asaltaron un Camión con 47 Lingotes de Oro

Los 47 lingotes que se llevaron los delincuentes tenían un valor de unos 524.000.000 de pesos, según el precio actual del metal. Según datos de la revista, la compañía Fresnillo PLC logró producir entre los meses de julio, agosto y septiembre un total de 94 lingotes, de modo que el grupo armado se llevó la mitad de la producción de ese período.

Vizsla Resources : Samples 6 Metres Grading 1,064 Grams Per Tonne Silver Equivalent at Panuco Project in Sinaloa, Mexico

“We are very impressed by these initial first high-grade silver and gold sampling results from San Carlos which highlight the potential of the Panuco district. The sampling at San Carlos reveals what could be an attractive drill target with a mineralized vein evident in the lowest development level, just above the water table,” commented Michael Konnert, President and Chief Executive Officer of Vizsla.

Advance Gold’s Follow Up Geophysical Survey Identifies Large 1000 by 500 Metres Continuous Chargeability Anomaly

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “After our first phase of geophysics, we identified a large chargeability anomaly with the highest chargeability at the southern end of the grid and still wide open. In that southerly direction we have elevation relief and it was also where the anomaly appeared to be closest to surface. Prior to drilling this anomaly, we decided to carry out a second phase of geophysics to see if the anomaly continued to the south. The second phase of geophysics has revealed that the anomaly actually has a much longer strike length and appears to be somewhat wider.”

Oceanus Reports High-Grade Silver Assays from the Caleigh, Canon Combination and Protectora Veins at the El Tigre Property in Sonora, Mexico

Glenn Jessome, President and CEO of Oceanus reports, “After delivering our maiden 43-101 compliant resource estimate our current ongoing program continues to explore our 28,414 hectare district scale El Tigre Property. These high-grade silver results in the Caleigh, Canon Combination and Protectora Veins further our understanding of the mineralization north of the old El Tigre mine. The results from the mapping and sampling of the underground workings and at surface present a series of high priority drill targets over a 2 kilometer strike length north of the old El Tigre Mine, which we intend to drill.”

Capstone Intersects 20.1 Meters Grading 5.53% Copper, Including 6.4 Meters of 11.32% Copper at Cozamin Mine

Brad Mercer, Capstone’s Senior Vice President of Operations and Exploration, “We now see a much larger target and we intend to infill drill the expanded area before re-estimating mineral reserves. On average, the vein is approximately 60% wider up dip from the current reserve, while the copper and silver grades are higher as well. Additionally, having access to the Portree claimblock will give us a platform to extend mineralization to the west.”

Gobierno Federal Reconoce el Papel de la Minería

El subsecretario de Minería de la Secretaría de Economía, Francisco Quiroga, afirmó durante su participación en la XXXIII Convención Internacional Minera que se desarrolla en el puerto de Acapulco, que el presidente Andrés Manuel López Obrador “reconoce el papel que juega y jugará la minería en nuestro país” indicando que “la minería da trabajos seguros y relativamente bien pagados en los lugares más apartados y vulnerables del territorio”.

Silver Viper Mobilizes for Drill Phase II at La Virginia

Silver Viper Minerals Corp. is pleased to announce mobilization of an exploration crew to La Virginia. The Company plans to commence diamond drilling over key target areas at the La Virginia Gold-Silver Project, located in the Sierra Madre of eastern Sonora state, Mexico. The upcoming program is designed to build on the success of the Company’s previous phase of work and will include drilling at the El Rubi Discovery, a previously undrilled gold-silver bearing target tested for the first time ever by Silver Viper in 2018.

Mexico’s Minera Autlan mine resumes operation after blockade over 50 days

It was reported that Minera Autlan, a Mexican iron alloy, and manganese producer, has resumed operation at its manganese mine in the State of Hidalgo after a blockade for 51 days. Community residents have been banned from entering the company’s Naopa plant, one of the company’s main manganese mines.