Bradford Cooke, Endeavour director and CEO, commented, ‘We continue to be encouraged by our positive exploration results at Guanacevi. Recent drilling has extended high grade silver-gold mineralization to depth at all three of our original orebodies, which should help to increase resources at Guanacevi.’
Commenting on the decision to commence trial mining at Oposura, Azures Managing Director Mr Tony Rovira said: ‘This is an exciting step forward for the Company. With minimal upfront capital required, this trial mining operation will provide early positive cash flow and Azure will start to realise value from the asset. Generation of this cash flow will assist in funding completion of the Feasibility Study and meeting other corporate expenses.’
‘Our employees and our company are dedicated to giving back to the communities where we operate, and ensuring that sustainability is at the heart of everything we do,’ said Don Lindsay, President and CEO. ‘Teck is committed to being a positive corporate citizen, while also producing the materials needed to improve peoples quality of life around the world.’
Gunpoint Exploration Ltd. is pleased to announce the signing of a non-binding letter of intent with Inomin Mines Inc. to sell its 100% interest in the La Gitana gold-silver property located in Oaxaca State, Mexico. La Gitana comprises a 494 hectare property situated within a major northwest trending regional structure that host several mineral deposits including Gold Resource’s La Aguila open-pit gold-silver mine and Fortuna Silver’s San Jose underground gold-silver mine. The terms of the Agreement provide for an exclusivity period to conduct due diligence and conclude a definitive agreement to finalize the purchase terms of the Transaction.
Colibri Resource Corporation is pleased to announce that it has received additional assays from its geological mapping and sampling program on the Evelyn property, in northern Sonora, Mexico . Results from grab samples include values of 4.81 g/t Au and 4.19 grams per tonne Au from an area not previously mapped or sampled.
‘We are proud of the high degree of skill and leadership demonstrated by our Hermosillo, Mexico-based technical team under the direction of VP Exploration, Mel Herdrick and Operations Manager, Jorge Diaz,’ said Kenneth MacLeod, President and CEO of Sonoro. ‘The launching of metallurgical testing and preliminary pilot-plant design in conjunction with the ongoing drilling program, will ensure that all the elements needed to create a successful project are being managed simultaneously.’
CEO John Lawrence said ‘USAC is expanding production of antimony to shield some of the U.S. antimony market from any retaliatory Chinese rare earth policies. The Company will soon have three LRF furnaces in place. In addition, USAC is preparing to begin pilot production of its gold, silver, and antimony project at Los Juarez which will further augment its strong existing supplies of antimony in North America and will launch the Company into precious metals production.’
Monarca’s President and CEO, Carlos Espinosa, stated: ‘We are very excited about the San Jose Project. The work on the project to date indicates that it has significant potential and we were able to obtain the right to acquire 100% of the project on terms that are very favourable for Monarca. This project could mark the new era of Monarca Minerals.’
‘The leaching process has started and will continue on a permanent basis as fresh ore will be added to the heap leach pad. Moving forward, Mexus will increase the scale and capacity of the system to maximize returns,’ added Mexus CEO Paul Thompson.
Taj Singh, President and Chief Executive Officer of Discovery, states: ‘We are excited to be combining our highly experienced Mexican exploration teams to advance the combined portfolio of properties. The new Discovery will have several district-scale land packages in Coahuila and Chihuahua that offer compelling exploration potential. The new Discovery will also benefit by adding the Cordero Project, a development stage project with potential to be optimized for the current metals price environment.’
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