Category: Exploration and Development

Mexus Gold US confirmed that with its first stage of exploratory core drilling complete, the company continues to move forward with its plan to mine 3500 tons of Julio II vein ore per week. The company is utilizing its own equipment but will contract the blasting and crushing, and will maintain the highest grade of ore being placed on the leach pad. Mexus is setting up a laboratory and interviewing qualified experienced people to operate the lab. Cesar Lemas, Mexus geologist and advisor, is overseeing and handling operations at the Santa Elena mine. The company has removed approximately half of the material from the existing leach pad in preparation for the soon to be mined Julio II quartz vein material. Mexus President Paul Thompson believes the company can achieve one gram per ton gold recovery along with 4 grams per ton silver. This small but important production amount will give Mexus the funds to begin its second stage of drilling and meet ongoing obligations.

Goldplay President and CEO Marcio Fonseca commented, “These excellent silver results from trench SMtr-001 are highly encouraging as Goldplay strives to expand the silver resource at the San Marcial Project. The high-grade silver results suggest that mineralization from the resource area may be continuous into the adjacent Faisanes area, with definition of parallel zones, which would validate discoveries of new mineralization encountered in the footwall of the deposit when logging and assaying historical drill holes in the second half of 2018. The trench displays significant widths of high-grade silver mineralization at surface, supporting the upside potential to expand the resources in the near future. We are currently planning additional trenches to follow up the mineralization identified at Faisanes along strike to the west-northwest.

2018 was a very successful year for near-site mine exploration with the replacement of over 21 million ounces of silver and the major skarn discovery at La Colorada, which is not yet reflected in our proven and probable reserves or resources, said Christopher Emerson, Pan American’s Vice President Business Development and Geology. Drill hole U-68-18 with 308 metres of polymetallic mineralization is another impressive result of this major discovery.

The company is initially targeting a five to ten million tonne, shallow high grade Cu-Au resource localized along the strike length of the exposed skarn zone. Further work will examine the deeper potential of the mineralizing system including a potential Porphyry Cu-Au source for the shallow high-grade mineralization.

Silver Bull Resources, Inc. is pleased to provide a corporate update on the Sierra Mojada project and announce the imminent start of an 8,000 meter surface drill program to target a series of the sulphide extension at depth of the main deposit already defined at Sierra Mojada as well as a series of never before tested targets within the wider area.

One World Lithium Inc. has signed a contract with Layne de Mexico to drill 4,200 meters, (14,000 feet) on its Salar del Diablo Property located in the State of Baja California Norte, Republic of Mexico.

A gold/silver sale for the 162 oz of contained gold and 54 oz of contained silver was made resulting in net proceeds of US$213,000 received by the Company. Following the successful Phase 1 results achieved in late 2018, the Company has also completed its exploration plans for a Phase 2 exploration and development drilling program at the Santana project. The program is currently planned to total in excess of 10,000 m and is expected to run throughout the year. Phase 2 work will include expansion drilling at the Nicho and Nicho Norte deposits and exploration drilling at a number of high priority targets.