Category: Exploration and Development

Leagold Files Los Filos Mine Expansion Feasibility Study; Increases Net Cash Flow to $884 Million

Leagold CEO Neil Woodyer commented: “Since providing the summary results of the Expansion Feasibility Study in January 2019, our team working with the independent consultants has continued refining the new operating strategy which includes re-phasing the Bermejal open pit, expanding the Los Filos open pit, operating two high-grade underground mines, adding a CIL plant to process the higher-grade ore, and continuing heap leaching of the lower-grade open pit ore. The result of this work is a significant increase in net cash flow to $884 million. The Los Filos expansion is clearly a project we should proceed with, and we are advancing with construction planning, optimizing the sequencing of the major expansion projects as part of our financial planning, and discussing the social and economic benefits created by the expansion with our employees, contractors, unions and community members.”

Prize Mining Announces Next Phase of Exploration at the Manto Negro Copper Property and Launches Strategic Review of the Kena Gold Project

“We are pleased to announce the next phase of exploration at our high grade Manto Negro Copper Property” said Michael McPhie, President and CEO of Prize. “In our recently completed Phase 1 drilling program we tested just a small part of our wholly owned 18,000 hectare property that contains 35 meaningful surface copper showings over a 45 kilometer trend. Building on encouraging Phase 1 results, the next phase of exploration is intended to further define the scale, grade and potential of this district scale property” said McPhie. “With the increased interest in copper and other metals used in sustainable energy sources by investors and major mining companies globally, we believe Manto Negro stands out as a unique opportunity to create value for our shareholders in the near term.”

Aztec Minerals Reports Positive Metallurgical Results from Cervantes Drill Core

“We are pleased to report these very positive early stage metallurgical tests which indicate that the California oxide, mixed oxide/sulfide, and sulfide gold zones should be amenable to cyanide heap leach or agitated leach processing methods. More detailed test-work is needed to draw any definitive conclusions but these results are a great start”, commented Joey Wilkins, President and CEO.

Reinician Acarreo de Mineral en Aquila

Este lunes por la mañana amanece restablecido el acarreo de mineral de hierro de la mina de Ternium a Tecomán, y con ello se reactiva la economía en toda la ruta “Desde donde nace el aceero”, misma que desde el domingo por la noche empezó a ver movimiento de tractocamiones.

Chesapeake Updates 2019 Exploration Activities – New Gold-Silver Prospect Discovered Near Metates

This year our exploration focus will be on the under-explored region surrounding Metates and adjacent areas that would be positively impacted by an operating world class mine. Typically, satellite mineral deposits form clusters around large, world class deposits. Chesapeake’s organic project pipeline including new discoveries such as Crisy, would capitalize on the expanded road network and related infrastructure from the future development of Metates, stated Randy Reifel, President.

Sonoro Commences Phase Two Drilling at Cerro Caliche

We are excited to commence Phase two and build on the success of Phase one as we further assess whether Cerro Caliche will be amenable to the development of a heap leach extraction operation, stated Kenneth MacLeod, President and CEO of Sonoro.

AMLO Cancels a Gold Mine to Protect Water and Improve Tourism

Mexican President Andres Manuel Lopez Obrador cancelled a gold mine project called Los Cardones in Baja California province on Sunday. The mine, located at one of the main aquifers of the southern area of Baja California, was a threat to the local water sources, according to Lopez Obrador.

Sinaloa buscará lazos comerciales con Canadá

El Gobierno del Estado buscará lazos comerciales con Canadá en el marco del PDAC, que es la convención de minería más importante a nivel internacional, que reúne a mil expositores de 800 empresas mineras, y congrega a 30 mil asistentes de 125 países.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.