With the four newly discovered vein zones, we have now built an inventory of 20 vein zones hosted in a 10km long by 5.5km wide corridor, stated Darrell Rader, President and CEO. The new concession now brings the Alamos project to over 37,000-ha, which we are confident encompasses all of this rapidly growing vein corridor.
The access road is presently being built for Kootenay to carry out the first modern drill program at the Columba high grade silver project. The Company has received necessary government permits and is in the process of reviewing tenders from drilling companies before awarding the contract for the upcoming drill program at Columba. Kootenay anticipates drilling to begin within the first part of May 2019.
Radius Gold Inc. is pleased to announce the first results from the second round of its diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. The program is operated by Radius and funded by Pan American Silver under a joint venture agreement. The first hole of 2019, AMDD19-010, has intersected 44m grading 12.38 g/t Au and 309.3 g/t Ag including an 11m section grading 39.9 g/t Au and 323 g/t Ag. Estimated true width of the mineralized zone is 34m.
Newmont Goldcorp Corp said on Tuesday it had suspended payments and social programs to workers, suppliers, and villages around its Penasquito mine in Mexico in response to a blockade by a contractor and members of one of the 25 communities.
The Company has received a drilling permit required to start its 12 hole, 4,250 meter (14,000 feet) drilling program at its Salar del Diablo Property located in the State of Baja California Norte, Mexico. The Property is one of the largest known salars to be drilled in 2019.
In summary, Ridgestones exploration results since optioning the Rebeico property have proven very fruitful and justify a more comprehensive program including detailed mapping and sampling, further geophysical surveys, and extensive diamond drilling.
We are very pleased with the results from the recently completed field program at Pino de Plata. In addition to the discovery of new vein targets and the significant expansion of the large target areas of El Terrero and the Gossan, assays of samples taken by ProDeMin verify the tenor of existing mineralization in two large areas that may host significant mineralized tonnage. With the data generated during this program we are now prepared to drill Phase I with greater confidence, stated Karl Boltz, CEO of Silver Spruce.
Newmont Goldcorp Corporation announced that later today the Company intends to temporarily suspend operations at the Peñasquito mine in Mexico pending resolution of an illegal blockade by a trucking contractor and some members of the Cedros community that began on March 27, 2019.
The primary focus of this initial Phase Two round of drilling was to test Cerro Caliches northwestern anomalous gold zones by scout drilling targets which had been previously identified by geochemical and surface mapping but had not yet been drilled by the Company, said Kenneth MacLeod, President and CEO of Sonoro. The successful outcome of scout drilling in the northwestern zones and infill drilling at the El Colorado zone supports the Companys plan to further drill these zones following additional analysis of the data. The balance of the ongoing Phase Two drilling is focused on extending mineralization at the Central Zone cluster of Japoneses-Cuervos-Abejas, prior to preparing a virgin resource estimation.
The Donovan 2 project is located 45 Km southeast of Zacatecas city, Zacatecas State, Mexico. Aliens geologists collected 44 surface samples consisting of: rock chip, float samples and historic dump samples during a detailed exploration program to complement the geophysics and surface mapping conducted since November 2018. Three samples returned assays in excess of 1000ppm Cu.
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