Category: Exploration and Development

Prime Mining Announces Measured and Indicated In-Pit Oxide Mineral Resource of 19.8 Million Tonnes Containing 833,000 Gold Equivalent Ounces at 1.31 gpt at Los Reyes Project, Mexico

“We are very pleased with these results and the major increase in potential open pit material”, said Prime COO Gregory K. Liller. “The successful Prime sampling program, started in September 2019, allowed us to evaluate the tonnage and grade in areas between the unsampled outcrop and the drilled subsurface. The sampling program confirmed our belief that the mineralized zones are substantially wider than previously modeled. We believe our planned 2020 exploration program will build on this success with emphasis on three target efforts: 1) down dip and along strike in the pit areas; 2) between pits to connect them together; and, 3) the remaining 60% of Los Reyes’s undrilled structures where outcrop grab samples are similar to sample results in the Updated Resource.”

Golden Minerals Announces Updated Preliminary Economic Assessment for Velardeña Project

Golden Minerals President and Chief Executive Officer Warren M. Rehn remarked, “The Velardeña mines now present an attractive scenario for a potential restart. The most difficult challenge we previously faced at the Velardeña mines was the low payable gold recovery, a challenge which we believe is solved with the addition of a relatively low-cost bio-oxidation circuit at our existing processing facility.”

GR Silver Mining Reports High-grade Underground Sampling Results at Plomosas, Including Assays up to 6,128 gpt Ag over 0.2 Meters

GR Silver Mining President and CEO, Marcio Fonseca, commented, “It is very encouraging to receive the first high grade silver and gold results from our ongoing underground channel sampling at the San Juan area. This area is one of our six priority areas for resource estimation at the Plomosas Project in 2020. We continue to rehabilitate the underground workings at San Juan to facilitate further sampling along the strike of the mineralization and in the lower levels.”

Evrim announces Resource Upgrade at the Ermitaño Project

Evrim Resources Corp. is pleased to announce an update to the gold-silver resource on the Ermitaño Project in Sonora, Mexico. Property owner First Majestic Silver Corp. announced a 15% increase in grade and a 345% increase in contained silver-equivalent ounces in the indicated resource for year-end 2019 compared to the 2018 indicated resource.

GoGold Completes Commissioning of SART Plant at Parral

“Our team at Parral has successfully adapted agglomerated heap leaching to old mined waste at Parral, and the SART is a further optimization of this innovation. The operation produces low cost gold and silver ounces while providing environmental remediation for the town of Parral. We see this expertise which we’ve developed over the last 6 years of operation as a real asset to the Company that may be applicable to the millions of tonnes of mined waste in Mexico and beyond,” said Brad Langille, President and CEO.

Silver Viper Continues to Expand El Rubi Zone, Provides Operations Update

Phase II drilling has advanced steadily since November 2019 and now totals 24 holes for a cumulative 6,955 metres. At this point, the Company has decided to pause drilling until a time where it feels it is safe and appropriate to resume amid the COVID-19 global pandemic. Drilling activities have ceased, core splitting and sampling of final holes was completed late last week. Drill equipment is being stored on site, awaiting restart order in the coming months. At this time, the Company wishes to recognize the pro-active support and understanding being provided by drilling contractor, Globexplore Drilling Corp. during this pause in work.

GR Silver Mining Closes Acquisition of the Plomosas Silver Project

GR Silver Mining President and CEO, Marcio Fonseca, commented, “This transaction is in line with our growth strategy and vision of becoming a leading mining company controlling the most important silver-gold assets in the Rosario mining district, Mexico.”

Evrim Announces Return of the Cerro Cascaron Project

Evrim Resources Corp. announces that it has terminated the option agreement with Harvest Gold Corporation on the Cerro Cascaron project in southwestern Chihuahua, Mexico. Evrim and Harvest Gold Corporation completed two seasons of exploration and ten diamond drill holes at Cerro Cascaron. Drilling results included 20.10 grams per tonne gold and 22.5 g/t silver over one metre in drill hole SPT18-01 at the Serpiente Dorada prospect, and 5.39 g/t gold and 23.7 g/t silver over 0.35 metres in SPED19-02 at the San Pedro prospect. These results and extensive areas of gold-silver showings at lower elevations have not been followed up or tested by drilling.

Fortuna Updates Mineral Reserves and Mineral Resources

“At San Jose, upgrading through infill drilling proved more challenging, as mining is transitioning from the central Stockwork zone to the Trinidad North area where mineralization tends to be narrower and more variable in nature. As the mineralization style changes, the operation is implementing various initiatives, such as pillar recovery and narrow vein mining methods, to optimize mineral extraction.”

Golden Tag – Update on the San Diego Project

The Company is pleased to announce that it is now fully permitted to continue exploration work, including a drill program, on its 100% owned San Diego silver-zinc project in Durango, Mexico.

GoGold Intersects 18.8m Near Surface of 255 g/t Silver Equivalent at Los Ricos South Project

“Drilling continues at Los Ricos with 6 drill rigs as we accelerate the drilling required for our initial resource. At the Los Ricos North Project we continue with the groundwork preparing for an upcoming drill campaign, which we anticipate commencing after the Easter break,” said Brad Langille, President and CEO. “We continue to monitor the COVID-19 developments in Mexico and have implemented additional safety procedures at both Los Ricos and Parral as described in PR#11 dated March 18, 2020.”

Radius Gold Re-Discovers Historic Silver Mining Camp in Chihuahua, Mexico

At the new project, named Plata Verde, Radius geologists have re-discovered an undocumented large scale underground bulk mining operation where in the late 1800’s, historic miners hand excavated an extensive series of anastomosing caverns, producing silver bars at an associated smelter operation. The project appears to be un-explored since the miners ceased their operations, and no references have been found within the Mexican Geological Survey. The few local residents have no knowledge of exploration companies working in the area and there are no indications of prior exploration within the mines or surrounding outcrops. Initial prospecting rock chips by Radius geologists have returned silver grades between 5 and 1070 g/t Ag.

Azure Makes New Copper Discovery at Alacrán

“The discovery of strong copper mineralisation hosted by iron-rich breccia at Gregors is very promising, as there is a history of discovering and exploiting high-grade, copper-rich breccia pipes in the surrounding Cananea mining district, particularly at the nearby Cananea Copper Mine located 10km to the northwest. I’m looking forward to completing our interpretation of the results and recommencing drilling as soon as practicable.”

One World Lithium Second Phase of Exploration Drilling to Begin at Salar del Diablo

Doug Fulcher, President and CEO of OWL notes “the lithium exploration and development sector remains robust with the current spot price of lithium carbonate (LCE) remaining at $8,700 per tonne. The second phase of exploration drilling in the southern part of the project area is compelling given the potential of the targets.”