A two-stage 7,000m drill program expected to start this quarter focusing on resource expansion drilling at Loma Bonita and additional greenfields exploration drilling
Arturo Bonillas, President and CEO commented: “We are pleased with the results of our initial exploration program from which we are confirming the presence of new mineralized areas as uncovered by drilling and exploration reconnaissance. Work programs will now focus on expanding the mineralized extension on La Lamosa ridge and defining drill objectives on the new targets within our claims.”
The Bacanora project team in Mexico continues to progress the final design work for the mine, concentrator and kiln sections of the processing plant. The Ganfeng technical team has initiated work on the hydrometallurgical circuit and is reviewing sourcing key sections of the lithium production equipment from current equipment suppliers in China.
Argonaut Gold Inc. regrets to advise that two individuals who work for its mining contractor at its La Colorada mine were fatality injured as a result of a high voltage accident while performing maintenance on a haul truck on Friday, October 11, 2019.
El 9 de octubre, en el marco del 3er. Foro Internacional PyMES Socialmente Responsables, el Vicepresidente Senior México de Alamos Gold, Dr. Luis Chávez Martínez, recibió oficialmente el Reconocimiento a las Mejores Prácticas de RSE, otorgado a la compañía por sus logros en materia de sustentabilidad social, económica y ambiental.
Philip O’Neill, Chief Executive Officer of Mexican Gold, stated, “We are very pleased with this robust resource estimate. The block model prepared by MDA holds together very well for a skarn deposit. The level of rigor used by MDA further allows us the opportunity to potentially explore economic studies for the potential exploitation of minerals at the El Dorado and Santa Cruz zones. Our focus now shifts to our upcoming drill program at Las Minas where we hope to unlock additional value through the drill bit, especially at our highly-prospective Pueblo Nuevo and Cinco Senores targets.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “It’s a very exciting time for Advance Gold, previous drilling found a network of veins with widespread gold and silver mineralization. Following this the first phase geophysical survey revealed a large chargeability anomaly right below these veins. Another impressive aspect of the first IP survey is that as we move to the south there is a decrease in the depth to the IP anomaly that would indicate that the anomaly is getting nearer to the surface as we move to the south…”
P. Randy Reifel, President, stated, “Regional exploration continues to discover significant gold-silver hydrothermal mineralization in this highly prospective region surrounding Metates. We are developing an impressive organic pipeline of satellite projects that are strategically located to capitalize on the potential future world class mining complex and supporting infrastructure at Metates.”
Newmont Goldcorp Corporation confirmed that the illegal blockade of the Peñasquito mine in Mexico was lifted yesterday. The Company continues to work closely with the federal and state governments toward a sustainable, long-term solution, and lifting of the blockade paves the way for the government-sponsored dialogue to resume. Operations at the mine remain temporarily suspended pending further evaluation of the situation on the ground and assurances that the blockade will not be allowed to resume.
Terrence Martell, Chairman of VVC Exploration, said, “The decision by the Board represents a logical outcome of our successful efforts to confirm the size of the resource and receive the necessary regulatory approvals to begin work at the site. Both represent years of hard work and patient effort on the part of our management and Mexico-based operations team. I would like to take this opportunity to thank VVC’s management and staff on behalf of the Board and shareholders for their hard work and continued effort.”
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