Craig Parry, Chairman of the Board, stated, “Panuco is one of the best opportunities I’ve seen in my career. We have an option over one of the largest, most important historic mining districts in Mexico – consolidated for the first time ever in its history…”
Leagold CEO Neil Woodyer stated: “Over 6 million ounces of gold have been mined or are in mineral reserves along a 4 kilometre length of the north end of the Bermejal Intrusive contact, and yet a further 8 kilometres of the contact remains with very limited exploration to the south. Less than 2% of previous drilling was to the south, despite several prospects of high-grade mineralization, and an area with potential for broad widths of lower grade mineralization has been identified, demonstrating the prospectivity of this area. We are initiating a multi-phase program that will progressively identify, test and advance targets in this area.”
Leagold CEO Neil Woodyer stated: “These drill programs at Los Filos will contribute to the reserve base and extend the mine life. At the Los Filos underground mine, we have encountered a new zone of mineralization and have confidence of adding this to reserves.”
El comunicado firmado por el Lic. Jorge G. Villalobos, Presidente de Cemefi, señala: “Nos da mucho gusto constatar que gracias al compromiso y liderazgo de empresas como Minas de Oro Nacional – Alamos Gold, sigue creciendo en nuestro país la cultura de la responsabilidad social empresarial, para beneficio de todos.”
The recent work indicates that past drilling may have inadequately explored the geometry of the mineralization over several targets. The previous drilling was done by the reverse circulation method and no structural information was obtained. Many of the drill holes in the main structure are vertical and do not cross structures interpreted as steeply dipping whereas drill holes to the west are angled, though too short to intersect the main mineralization tested by the vertical holes. The Company intends to test these areas during its first drill program.
Sonoro Metals Corp. reports that a comprehensive program of 3D modeling, mapping and sampling is currently underway at the Company’s Cerro Caliche gold project in Sonora State, Mexico. The program is a continuation of the Company’s strategy of systematically exploring Cerro Caliche as it concurrently advances its proposed heap leach pilot operation. Drilling to date continues to outline shallow, bulk tonnage gold mineralized zones with grades similar to operating heap leach mines in the region.
Oceanus Resources Corporation announces the commencement of the 2019 exploration program at its 100% owned El Tigre Gold-Silver Property located in Sonora, Mexico. The El Tigre Property is located in north‐eastern Sonora State, approximately 90 kilometers south‐southeast of Douglas, Arizona.
Gainey Capital Corp. is pleased to announce that it has engaged Ore Drilling S de RL de CV of Hermosillo, Mexico as the contractor for its diamond drilling program at the Las Margaritas gold project in Durango. The Company has finalized the preparation of the infrastructure required including the repair and construction of approximately 39 kilometres of road and a water reservoir system to support the drilling.
Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to have closed the transaction and to be working with our dedicated Mexican team to progress these former mine areas with modern exploration and drilling. The recent success by companies like SilverCrest Metals, Premier Gold Mines, First Majestic, Agnico Eagle and others surrounding our project demonstrates the excellent potential for new discoveries in the district.”
The San Ramon mine has produced for 14 years and continues to yield more silver mineralization. The San Ramon Deeps zone continues down to the southeast extending the known mineralized system to a depth of 1,611 m above sea level. Known mineralization over the total San Ramon workings has a down dip length of over 500m. Further drilling is planned to further test the extent of this prolific zone.
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