Category: Exploration and Development

Chesapeake Gold Corp. wishes to provide an update on the exploration work at its 100% owned Yarely Project in Sinaloa State and Tatatila Project in Veracruz State, Mexico. Yarely is located 25 kilometres west of the proposed Metates plant site and encompasses 76,200 hectares. Metates is Chesapeake’s flagship project which hosts one of the largest undeveloped gold, silver and zinc reserves in the world. Tatatila is a district scale project hosting goldcopper skarn mineralization which strategically surrounds Mexican Gold Corp.’s Las Minas project.

Ridgestone Mining Inc. announces that it has received partial results from a recently completed 12 hole, 1,430 meter diamond drill program at its Rebeico gold-copper project located within the prolific Sierra Madre gold belt, Sonora, Mexico

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “With further positive results from closely spaced in-fill drilling, we continue to confirm the continuity of high-grade mineralization in the Babicanora Vein, including the Area 51 zone. These additional drill holes are indicating wider mineralized thicknesses in several areas than previously modelled and are starting to identify discrete multi-kilograms per tonne mineralized shoots.

Mexus President Paul Thompson stated “The first batch of 75 samples have been received with positive results. We are expecting additional assays prior to the end of the year. Batches 2, 3 and 4 are expected to be completed in six to seven weeks at which time Mexus experts can complete a gold/silver resource valuation. The first 75 samples were analyzed by AA-multi element and gold/silver by fire assay.”

Rodrigo Barbosa, the Company’s President and CEO noted, “Commercial production is a significant milestone for our team that has delivered ahead of schedule and below budget. Our team has great experience and motivation to continue to deliver these kinds of results and I want to personally thank all of our team for their hard work.

Bradford Cooke, Endeavour CEO commented, “With the success of the 2018 surface drilling, underground sampling and metallurgical testing programs, management now views the Parral Project as having good potential to become a profitable new mine. The Parral Project was our second largest exploration expenditure (after Terronera) this year and represents an important part of our growth strategy.

Almaden Minerals is moving forward with plans to introduce X-ray Transmission (XRT) ore sorting to its Ixtaca silver-gold project in Mexico, with the latest economic study showing the technology can boost production and returns.

“As a result of our ongoing commitment to high-return, near-mine exploration, and despite a persistently lower metal price environment, we have continued to deliver year-over-year growth in our reserve base since 2014,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Commenting on the continued success of the ongoing drill program at Oposura, Azure’s Managing Director, Mr Tony Rovira said: “Oposura continues to deliver with exceptional drilling results. The continued success of the resource infill drilling program confirms our strong confidence in the width, grade and internal continuity of the East Zone mineralisation. This drilling will enable the Company to upgrade most of the East Zone Mineral Resource to Indicated status and, thereby, further de-risk the proposed Oposura mining operations.”