Category: Exploration and Development

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.”

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.”

Fred Stanford, President & CEO of Torex Gold, stated: “Extending the mineralization for another 150 metres down-dip has the potential to materially extend the mine life of ELD. The mineralization is still open at depth, and this opportunity will be drill tested in 2020.”

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.

Philip O’Neill, Chief Executive Officer of Mexican Gold, stated “We are very pleased with the start of the drill program at Las Minas. Beyond the first 3 holes which were spotted to infill gaps in the El Dorado zone where the sparseness in the pattern of previous drilling would have statistically degraded the resource, we are very happy to be testing new targets at Las Minas.”

“We are happy to see that Roger has been recognized for his contributions in mineral exploration in Quebec. The award is only distributed to one person per year and we certainly feel he is deserving of the honour. He has been a valued member for many exploration and management teams over the years including Colibri’s” says Ron Goguen, CEO.