The ongoing drilling program at Cerro Caliche continues to meet the primary objectives set out by Sonoros technical team prior to exploration, said Kenneth MacLeod, President and CEO of Sonoro. Drilling by earlier operators suggested the potential to develop a large-tonnage, heap leachable resource at Cerro Caliche suitable for open-pit mining. The current results support that proposition.
Thomas Atkins, President and CEO of Mammoth commented on the results from drilling, stating: Weve always been impressed and intrigued by the sheer dimensions of the gold-silver footprint at Tenoriba, one that measures about 15 square kilometres and still remains open to the east and west. Given we intersected potentially economical values of gold-silver in 9 of 11 drill holes from this campaign and that 7 of these holes tested areas over one kilometre to the east and west of the area previously drilled, illustrates the vast potential of the deposit.”
As the year draws to a close the Minera Alamos team has made excellent progress at Santana in anticipation of what we expect to be our first commercial mine in 2019. The consistent recovered grade from the bulk test work at Nicho Norte coupled with low cyanide consumption suggests the potential for a robust open-pit, heap-leach operation. As a result, discussions with mining contractors have been initiated in anticipation of approval of our commercial permit applications and making a final construction decision, stated Minera Alamos President Doug Ramshaw.
These drill results are encouraging and indicate the possibility of additional mill feed for Mill Circuit 4 in the future, and as we are currently in a low metal price environment, we are always looking at economical ways of running material through the Mill. said David Wolfin, President and CEO. Additionally, I would like to thank the operations team in Mexico for their continued initiative and focus on multiple stages of growth at the Avino Mine.
Radius Gold Inc. is pleased to announce results from the Companys initial drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. Five drill holes tested the Campamento – San Pedro structural corridor, intercepting gold mineralization in all holes with the deepest hole cutting 26m at 7.08g/t Au and 517 g/t Ag.
United States Antimony Corporation reported that most of the equipment for the Puerto Blanco leach plant has been built in Montana and is ready to transport. Projects remaining include finishing the tailings pond, wiring, plumbing and completing the building. Hopefully, testing should begin at the end of this year. The Los Juarez gold, silver, and antimony property is regarded as potentially the largest corporate asset and has been on hold due to metallurgical and permitting delays.
We are very excited with the exploration drilling at the Arista Mines Switchback vein system as it continues to deliver impressive results, stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. Our exploration efforts extended the strike length and vertical extent of Switchback. In addition, the discovery of new, mineralized veins to the southwest of the Arista vein system speak to the expansion potential of this large epithermal vein system. It is too early to tell if these newly discovered veins are an extension of the Arista Vein system or if this a new parallel system to the southwest mirroring the Switchback and Arista Vein system. Either way this deposit continues to grow.
Mexus Gold US announced that the first stage of exploration drilling has finished at the Santa Elena Project with 736 meters of core in 9 holes. The purpose of this initial drilling program is to study a major area of geologic interest where a high-grade gold quartz vein merges with a tectonic shear zone with gold/silver values.
“PLP was a major investment decision for Goldcorp and one of the first that went through our Goldcorp Investment Framework.” said David Garofalo, President and Chief Executive Officer of Goldcorp. “We are very pleased with the results in completing the project both ahead of budget and schedule. We are already moving forward with a post investment review where we can take our lessons learned to continue to improve our framework and overall capital allocation strategy.”
Harvest’s Lead Geologist Warren Bates says: “While the delays have been very frustrating, we’d like to thank our JV partner and operator Evrim Resources for their good work on the ground in Mexico to get the drill program back on schedule. Regarding Cascarita, we are encouraged as we are seeing the expected styles of mineralization where we projected them to be in our drill planning. We now look forward to drilling the gold rich San Pedro and Serpiente Dorada targets.”
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