Darren Pylot, Capstone’s President and CEO said, “Our exploration team continues to push the boundaries at Cozamin. After 13 years since we started mining, we continue to surface incredible value for all stakeholders with the drill bit. These results will ensure that this mine will remain a first quartile cost, cornerstone asset well into the future.”
President, Lawrence Page Q.C. stated “The results of this most recent test work demonstrate a process to derive increased value from silver, lead and zinc, the prevalent metals identified in the CLM deposit. This is a significant milestone in that we have advanced a viable Cu-Pb-Zn processing flowsheet with no fatal flaws and increased the overall value of the resulting concentrates compared to the earlier batch test work.”
The hard work in 2019 has positioned us for another exciting year in 2020. Our Exploration Team pushes forward on aggressively completing in-fill drilling for resource conversion to reserves; expanding on recent discoveries; and increasing our geological knowledge of the district for potential additional discoveries.
Joey Wilkins, President and CEO of Aztec, commented, “Aztec had a productive year in 2019, galvanized by our exploration successes at Cervantes and Tombstone. We were able to significantly advance several new high priority porphyry gold-copper targets on the Cervantes properties and we refined our “Taylor”-style carbonate replacement (CRD) silver-lead-zinc-copper-gold targets on the Tombstone properties. Our main goals for the new year are to secure the partners or financings we need to drill new discoveries in 2020.”
Radius Gold Inc. is pleased to report that the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico has been completed. The high-grade mineralized shoot discovered at Amalia in December 2018 has been extended at depth and remains open to expansion. Defining its extents and new high-grade shoots will be the goal of phase four drilling.
Fred Stanford, President and CEO of Torex Gold, stated: “The purpose of the planned 175 hole infill drill program was to upgrade approximately 13 million tonnes (25%) of the Inferred resource to the Indicated resource category. The program was successful, 166 holes were drilled, 12.6 million tonnes were upgraded, and there was a modest increase in gold equivalent grade.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Each time we do more work at Tabasquena, it gives us added confidence that we are looking at a very large sulphide system with associated widespread quartz veining throughout the entire system, including adularia, crustiform and colloform quartz, as well as some veinlets of quartz-adularia crystals. We are expecting a strong flow of news, with assays from the 78-metre sulphide zone expected shortly, a current hole being drilled, a second drill rig planned to arrive shortly, and a third phase geophysical survey underway.”
“We continue to meet important milestones at the San Martin mine and especially with the acquisition of these additional claims. The latter will bring exciting new exploration targets and test theories about the extending mineralization” said Salvador Garcia, Chief Operating Officer of the Company. “Our next milestone is to release an exploration plan in the first part of this year”.
Silver Viper’s President and CEO Steve Cope states, “The initial Phase II results from El Rubi further reinforce our expectations of El Rubi’s importance to this project. In addition to multiple, narrow high-grade structures, we are also encountering new mineralization in the footwall. Our field crews are also working to advance our knowledge and understanding of structures highlighted by our reconnaissance surface sampling programs and plan to begin testing some of those targets shortly.”
The Company’s decision to terminate the mining contract with Ganti, was a result of an annual review of the contractor’s performance and productivity, and a review of their progress claims which identified significant overcharging and their underperformance at the Plomosas mine.
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