Ridgestone Mining Inc. is pleased to announce that it has entered into an agreement to purchase a 100% interest in 10 mining concessions adjacent to its Rebeico gold copper project, Sonora, Mexico.
‘The completion of the feasibility study for the Camino Rojo Oxide Project marks an important milestone for Orla and substantial progress toward construction of the Companys first mine’, stated Jason Simpson, President and Chief Executive Officer of Orla. ‘The results demonstrate robust project economics with low development capital and a straight-forward path to approximately 100,000 ounces of expected annual gold production. We will be working towards submitting environmental assessment and permitting documents and securing project finance over the upcoming months with the expectation to deliver gold by mid-2021. With the continued support of local communities and stakeholders, we have a fantastic opportunity to develop a quality mine. We are also considering ways to unlock value from a much larger sulphide mineral resource and have initiated exploration on other priority targets on our extensive concession area’, added Mr. Simpson.
‘Our Lupita delineation and exploration program is emerging as an important success story at Mercedes,’ commented Stephen McGibbon, Executive Vice-President. ‘We are concurrently activating teams in under-explored areas on the property in an effort to discover new deposits’.
Indicated Mineral resources – 134 million ounces silver equivalent or 2.0 billion pounds zinc equivalent. A 0.97Mt increase to 11.1Mt averaging 105g/t Ag, 0.1g/t Au, 0.16% Cu, 1.2% Pb and 3.7% Zn (375g/t AgEq; 8.2% ZnEq), containing: 37.5 million ounces of silver; 35 thousand ounces of gold; 40 million pounds of copper; 303 million pounds of lead; and 897 million pounds of zinc.
La empresa danesa FLSmidth fundadora del Clúster Minero de Zacatecas (Clusmin), donó a la Universidad Tecnológica del Estado de Zacatecas (Utzac), componentes que permitirán a los alumnos y docentes de la institución académica realizar prácticas técnico-profesionales para su preparación.
Mexus Gold US announced that all the necessary preparation to begin cyanide leaching at the Santa Elena mine is now complete. Mexus head metallurgist, Roberto Baltierrez, completed lab testing of the recently prepared heap leach pad and has formulated a gold/silver recovery plan. The initial material being leached is existing shear zone lower grade material averaging 1.8 g/t gold and 8 g/t silver. This material was mined while the Julio vein was being drilled and prepped for blasting. (Julio vein ore material is averaging 4 g/t gold and 12 g/t silver).
Production is on schedule to commence in September 2019, at a rate between 1,500tpm to 3,000tpm (tonnes per month) grading approximately 15% combined zinc and lead. All mineralisation to be mined is classified in the Indicated Mineral Resource category.
Fred Stanford, President and CEO of Torex, stated: ‘This addition of the ELD mineral reserves, while small in comparison to the open pit mineral reserves, provides a nice sweetener to the open pit production. It is also indicative of the potential to add further underground mineral resources. With ELD open in three directions, the Sub-Sill underground deposit still open at depth, and the potential for down dip extensions of Guajes, we are upbeat about the potential to further expand underground reserves and resources through multiple sources.’
Evrim Resources Corp. is pleased to announce it has signed a letter agreement with Harvest Gold Corp. to extend the Cerro Cascaron agreement for a period of six months. Under the terms of the Agreement, Evrim and Harvest Gold will attempt to renegotiate the terms of the Cerro Cascaron agreement and search for a new gold project in Mexico.
Tim Barry, President, CEO and director of Silver Bull states, ‘The results from the first two holes in the East End are very encouraging. We have extended the mineralization an additional 950 meters to the east along strike of the Sierra Mojada Deposit, and show mineralization is far from drilled off in the area. Our interpretation of the results is that the drill holes clip the very northern edge of the main trend of Sierra Mojada deposit, and the guts of the system still lies to the south, untested. What is also encouraging is we are seeing a change from oxide mineralization to sulphide mineralization as we go deeper into the system. The advantage of sulphide mineralization over oxide mineralization, and why it is the target of this drill program is that it tends to be higher grade and will likely have a more standard metallurgical process to concentrate the ore. Since finishing up the B19003 drill hole in this area the drill has now moved off to the Palomas Negras prospect which sits 9 kilometers to the west of the main deposit. Results from the drilling at Palomas Negras are expected shortly.’
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