Category: Exploration and Development

Silver Viper’s President and CEO Stephen Cope states, “It is exciting to make a brand-new discovery on a project. The grade, width and potential strike length of El Rubi make this a priority target moving forward. The discovery here validates the ongoing reconnaissance work being done by our team to identify new targets on the project. We look forward to continuing to unlock value in this project and hope this is the first of many new discoveries at La Virginia.”

San Marco CEO Christian Grijalva stated: “We are pleased that Phase I drill results have confirmed the existence of a copper mineralized system and provided useful third dimension data to assist in vectoring towards the source of mineralization, and potentially higher-grade copper zones. The Company’s goal is to identify a sizable mineralized “Manto-Type” system with the potential to meet the high thresholds of its partnership with Antofagasta. The first phase drill program was designed to broadly test the target for certain geological characteristics associated with the type of deposit sought. The Company and its partner will evaluate the latest data for ongoing exploration and vectoring guidance in planning a next phase of exploration.”

Mr. Jonathan George, of partner YQ Gold de Mexico S.A de C.V., commented “These results, together with those of previous geochemical and geophysical programs undertaken by Ridgestone and YQ Gold, provide compelling evidence of the potential for a significant new discovery in a relatively unexplored region of the Sonoran Sierra Madre mineralized belt.”

“Sonoro’s phase one drill program has successfully corroborated the sampling and drill results generated by the prior operators, thereby considerably enhancing our confidence in the significant potential of Cerro Caliche,” said Kenneth MacLeod, President and CEO of Sonoro. “We will continue to utilize the newly expanded database to increase the zones of gold mineralization within the current target area and to drill additional highly prospective mineralized zones identified through our ongoing exploration program.”

“La alianza va a crear el número uno mundial del mercado del oro, con los mejores activos, las mejores perspectivas, las mejores oportunidades de creación de valor”, se congratul+o Gary Goldberg, presidente de Newmont.

“Achieving a production record at the top end of production guidance is a credit to the quality of the asset and the quality of the corporate and site teams who managed through significant complexity in 2018. Safety and environmental protection performance were also excellent.In Q4/18 plant throughput averaged 13k/t so there is some work left to do to get to the design level of 14kt/d. Sub-Sill produced at above design rates of 850 t/d in December.2018 was also an excellent year on the growth front, with successful exploration/infill drill programs and with the introduction of the Muckahi technology. The first Muckahi machine was designed and built in 2018 and we plan to use it to start breaking rock in Q1/2019.”