Category: Exploration and Development

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.

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…”

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.”

Sable Resources is pleased to announce that the first drill test will begin this week at its 100% owned Vinata Project. The initial program consists of a minimum of 2000m of core drilling to test the outcropping upper level epithermal veins and their projected extension under shallow quaternary gravel. This Phase 1 drill program will be expanded should positive results warrant additional drilling.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “While the veins in the Las Chispas Area are usually overshadowed by the exceptional high-grades of the Babicanora Area veins, these results have established the potential to expand and improve the average grade of the resources for the Las Chispas Area veins. New drill results from deeper intercepts in the Giovanni Vein are particularly impressive with an average grade of 1,084 gpt AgEq or over three times the average grade of 349 gpt AgEq used in the current Giovanni resource estimate. Drilling completed since the February 2019 resource estimate suggests that these high-grade veins extend to depth, down plunge and are open for further expansion…”