Galore Resources Inc. has received assay results for the first two core holes at El Alamo as part of a 2,500-meter diamond core drilling program at the Dos Santos Project, Concepcion del Oro, Zacatecas. Holes EA-001 and EA-002 returned low grade silver values, possibly indicative of an upper level epithermal system.
Goldplay President and CEO Marcio Fonseca commented, “Over recent months, our exploration activities to expand existing NI 43-101 silver resources at San Marcial have succeeded in delineating new high-grade gold targets, but we have also been able to discover new silver zones peripheral to the resource area. These latest high-grade silver results, including 6m at 232 g/t Ag, from a re-opened historical adit at the Faisanes target, on the NW edge of the resource area provide lateral and depth continuity to the high-grade silver results reported from our nearby surface trench SMtr-001, which returned 56m at 196 g/t Ag. We expect to test this target further in our current drilling program, which already has identified bonanza-grade gold (1m at 204.6 g/t Au) in the adjacent SM-19-01.”
La empresa canadiense VVC Exploration Corporation recauda actualmente la inversión necesaria para trabajar en Samalayuca, por lo que el próximo año podría comenzar la exploración de cobre en la mina Gloria, donde sólo falta el permiso de construcción del Municipio, aseguró el presidente seccional, Javier Meléndez Cardona.
“Our sampling continues to demonstrate consistent high copper and silver grades on surface over a multi- kilometre area ” stated Michael McPhie, President and CEO of Prize Mining. “These results are a follow up to our successful Phase 1 diamond drilling program completed earlier this year. Results of the current work have been as expected and continue to confirm the district-scale potential of the Manto Negro Project. The information gathered is to be used to define targets for a pending Phase 2 drilling program.”
Stated Craig Roberts, P.Eng., President & CEO of Ethos: “Based on these results Ethos intends to terminate both of its La Purisima concession option agreements. The strategy Ethos is pursuing is to drill test its targets as quickly and inexpensively as possible, and to terminate further work if results do not indicate a clear path to building shareholder value. While there are some interesting intervals from the drilling we don’t see justification to continue with this project. The La Purisima drilling costs came in significantly under budget at approximately US $154,000 of which approximately US $21,000 is IVA tax that is refundable, so the cost to Ethos of drill testing this target has been relatively modest.”
Santacruz Silver Mining Ltd. reports that it is today filing on www.SEDAR.com a technical report titled “Technical Report, Veta Grande Project, Zacatecas State, Mexico” dated effective August 20, 2019 containing an updated mineral resource estimate, under National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Technical Report supersedes all previous technical reports prepared for the Company relating to the Veta Grande Project.
Kootenay President and CEO James McDonald states, “We are happy to see good high grade now over a wide range of strike and depth along the F Vein.Just as exciting are the high grades we are seeing in previously unknown hanging-wall veins with assays up to 1,070 gpt silver. The consistency of the known veins tested to date and the newly discovered hanging-wall veins certainly increases our confidence in the resource potential of the project”.
Andrew Bowering, Chief Executive Officer of the Company, commented, “Since late February and our initial discussions with Minera Alamos, a number of important strategic changes have been implemented. Familiarity with the region and its opportunities, plus confidence in the Los Reyes project brought several highly qualified and successful individuals to our management team and board of directors.”
“These recoveries are a significant improvement over previously processed toll mill campaigns” states Antonio Berlanga, CEO of Telson. “Furthermore, this processing has produced high quality, precious metal rich concentrates with the lead concentrate containing an average of 101 grams gold/tonne and 702 grams silver/tonne.”
3.1 Metres at 1,355 gpt AgEq
8.8 Metres at 536 gpt AgEq
3.8 Metres at 773 gpt AgEq
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