Category: Exploration and Development

This small initial program follows our successful 2018 sampling program and allows IMPACT to test potential continuity of veins we first encountered over a decade ago at much lower gold prices. Given the proximity of the project to IMPACT’s operation mills, potential large enough tonnage of gold and copper could warrant near-term production prospects.

Silver Viper’s President and CEO Steve Cope states, “We are very pleased with the success of our first drilling campaign at La Virginia. Of the areas tested in this program, the discovery at El Rubi clearly stands out and it is the prospect area where the next phase of drilling will be focused. The 100m long portion of El Rubi we have drilled is only a small segment of the larger target area which lies north of La Virginia. El Rubi is located on a discrete mesa, generally along trend from La Virginia, and has seen very little previous exploration work. Our field crews are actively following up geochemical anomalies, both along trend and along parallel structures identified in 2018.”

“The maiden drill program at Cerro Cascaron successfully intersected gold mineralization at both the Serpiente Dorada and San Pedro areas,” commented Stewart Harris, VP of Technical Services. “Drilling at Serpiente Dorada delineated a significant corridor of alteration containing local high-grade gold mineralization. Meanwhile, drilling at San Pedro encountered a competent quartz vein within a broad stockwork containing moderate gold grades and epithermal textures, suggesting a deeper target may exist. Drilling continues to test both areas for additional gold mineralization.”

Fortuna Silver Mines Inc. is pleased to report that the Federal Attorney’s Office for Environmental Protection (PROFEPA) has completed its investigation into the overflow of the contingency pond at the dry stack tailings facility at the San Jose Mine on October 8, 2018, which was caused by heavy seasonal rains. PROFEPA’s final report confirms that the overflow did not contaminate soil, and therefore no remediation is required.

Fred Stanford, President and CEO of Torex stated: “These initial results illustrate the potential of the Morelos Property to continue to offer incremental ore sources to complement the production from the open pits, and potentially from Media Luna after the pits are mined out. ELD is ‘above the sill’, whereas Sub-Sill is ‘below the sill’. Both are accessed from the same underground infrastructure. ELD is where testing of the Muckahi Mining System will take place, starting this quarter.”

Carlos Silva, Santacruz’s COO stated, “Production at Veta Grande is steadily improving as a result of increased mine development during the year leading to additional stopes coming online and less reliance on previously mined mineralized material (Chorros) as feed to the mill. The ongoing mine development at the Armados, Navidad and Garcia mines has positioned our Veta Grande operations for continued improvements in 2019.”

Greg Crowe, President and CEO commented, “The strength of the soil geochemical anomalies near to a historically defined, manto or replacement style silver resource, in combination with geophysical anomalies strongly highlights Peñasco Quemado as a highly prospective drill target. The property hosts geological similarities to the silver-manganese oxide and zinc-lead-silver sulphide mineralization at the Hermosa and Taylor projects located just over 100 kilometres to the north in Arizona. These properties are currently being evaluated by South 32 acquired through the takeover of Arizona Mining in August 2018.”