Thomas A. Doyle, President, CEO, stated “I would like to thank the Ejido for their help and support to let us continue with our exploration programs. I am very pleased that we were able to reach an agreement. The initial plan is to get the drill rig back on the property and follow up on what we have discovered in LVRC 12 in the south east portion of the property”
The undrilled Sarape Project is located in the Rio Sonora Valley, an emerging precious metals mining district that includes Silvercrests Las Chispas deposit, Premier Golds Mercedes Mine, and First Majestics Santa Elena Mine and Ermitaño deposit, commented Stewart Harris, VP of Technical Services. Drilling is planned to test the Sarape and Chiltepin veins; targets that have potential for significant gold-silver shoots beneath zones of favourable geochemistry.
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities and results from a prospecting level diamond drilling program in one part of the Yago project (located in Nayarit State, Mexico) called Gallo de Oro where banded epithermal veins crop out at surface.
J. Duane Poliquin, Chairman of Azucar commented, We are very excited to be moving forward on our comprehensive two year intensive drill program at the El Cobre project. The results have shown the potential for multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as we move forward.
Thomas Atkins, President and CEO of Mammoth commented on the commencement of exploration activities at Tenoriba, stating: “I was very pleased to see, only a week into the new year that Centerra and Mammoth were already coordinating activities to meet and plan the 2019 field exploration program and that geologists for both companies were in the field before month’s end. There’s a lot of work to be done for a new crew to hit the ground on a new project, however Centerra was quick to get their team in gear and in the field.”
Randy Eppler, interim president and CEO of Plata Latina, commented: “We are very pleased with the positive reults from the recent drill program completed by Reyna. These results build upon our initial exploration success and support our geologic discovery model. Reyna has steadily expanded the extent of known mineralization, focusing on 3 target areas with development potential along a three-kilometer strike length. We believe their efforts will continue to demonstrate the value of the Naranjillo property.”
N. Eric Fier, CPG, P.Eng, and CEO, remarked, The Companys in-fill drill program at Babicanora continues to deliver drill intercepts with better than expected widths and grade. These results demonstrate that the two previously announced multi-kilogram per tonne shoots (shoots 43 and 51) now appear to be one continuous shoot (Shoot 51). Holes BA19-132 and 133 have also expanded the footprint of the high grade shoot towards the surface. Shoot 51 now has an estimated dimension of 300 metres long by 125 metres high. In-fill drilling targeting the Babicanora Vein also confirmed and expanded high-grade mineralization within the Babi FW and Babi HW veins, while expansion drilling targeting the Babi Norte Vein resulted in the Babi Vista discovery. The Company has now identified five veins averaging 150 metres apart in the Babicanora area, all of which have the potential to be accessible from the ongoing exploration decline…”
Keith Neumeyer, President and CEO of First Majestic stated: The drilling results announced today from our Ermitaño project are extremely encouraging as it continues to show the potential to build high quality resources in close proximity to our producing Santa Elena operation. The environmental permitting process is in the final stage with an expected positive decision in the coming weeks ahead. Pending project approval, Ermitaño will add several years of mine life at Santa Elena and will displace the reprocessing of the old heap-leach ore pad with fresh ore containing higher grades that are not subject to the Sandstorm streaming agreement.
Mexus Gold US confirmed that with its first stage of exploratory core drilling complete, the company continues to move forward with its plan to mine 3500 tons of Julio II vein ore per week. The company is utilizing its own equipment but will contract the blasting and crushing, and will maintain the highest grade of ore being placed on the leach pad. Mexus is setting up a laboratory and interviewing qualified experienced people to operate the lab. Cesar Lemas, Mexus geologist and advisor, is overseeing and handling operations at the Santa Elena mine. The company has removed approximately half of the material from the existing leach pad in preparation for the soon to be mined Julio II quartz vein material. Mexus President Paul Thompson believes the company can achieve one gram per ton gold recovery along with 4 grams per ton silver. This small but important production amount will give Mexus the funds to begin its second stage of drilling and meet ongoing obligations.
Magellan Gold Corporation, a U.S. based mining and exploration enterprise focused on silver and gold, today announced it has completed a bulk test of mineralized material supplied and delivered by a private third-party to the Company’s SDA Mill at Acaponeta, Nayarit State, Mexico. As announced December 17, 2018, the purpose of the test was to determine the viability of entering into a long-term processing agreement. Test processing of an initial bulk sample of approximately 600 tons was carried out. The potential customer was pleased with the mill’s performance. However, the customer experienced difficulty in supplying ore on a consistent basis and is assessing plans for going forward. Meanwhile the Company will continue to search for other toll milling customers.
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