Marlin Gold Mining Ltd. is providing an update on Hurricane Willa, which made landfall on Mexicos Pacific coast as a Category 3 on Tuesday evening and crossed over the Companys wholly owned La Trinidad gold mine in Sinaloa, Mexico early Wednesday morning.
This new discovery hole is an extremely exciting development for the Company stated Darren Koningen, CEO of Minera Alamos. One of the driving factors behind the merger between Minera Alamos and Corex earlier this year was the significant untapped potential we believed we could unlock once the two Companies contiguous land packages were combined. As our knowledge base grows and we continue to better understand the regional geology we should continue to find additional mineralization. The discovery of the Divisadero area provides further evidence that the mineralizing events that occurred in the Nicho area are present at shallow depths elsewhere on our extensive property holdings.
Fred Stanford, President & CEO of Torex stated: Media Luna is our next planned growth project and it is being advanced on a number of fronts. One of those fronts was the recently refreshed PEA, which illustrated an after-tax IRR of 27% using conventional mining technologies and 46% utilizing the proprietary, but untested, Muckahi Mining System1. Engineering optimization work is ongoing after the publication of the PEA.
Todo el respaldo de su Gobierno para que Sonora siga siendo líder nacional en el sector minero, expresó la gobernadora Claudia Pavlovich Arellano al inaugurar el XIII Congreso Internacional de Minería 2018, donde reafirmó su compromiso de seguir impulsando hasta lograr sea una realidad la deducibilidad en la exploración minera.
J.D. Poliquin, chairman of Almaden stated, The infill results further confirm the continuity of the Ixtaca resource within the PFS pit and the significant grades that can be associated with mineralisation in the volcanics. Our current focus is the completion of the feasibility study which we anticipate in 2018.
Canasil CEO, Bahman Yamini, commented: We look forward to finalizing the Definitive Agreement with Pan American for the sale of Canasils interest in Sandra-Escobar, which will provide a source of significant non-dilutive funding to maintain and advance our current project portfolio. In addition to the cash payment Canasil will retain exposure to the upside potential of the Sandra-Escobar project through the retained NSR.
Azures Managing Director, Mr Tony Rovira said: These latest, high-grade, massive sulphide drill intersections from the sparsely drilled Central Zone confirm that this area has the potential to significantly increase Oposuras resource base. They continue to build on the very positive results from the Oposura Scoping Study and confirm potential to extend the mine life and further improve the already impressive project economics.
Drill intersects of up to 223 metres of polymetallic mineralization
“These are extraordinary exploration results for our La Colorada mine, indicating the potential to substantially expand mineral resources, mine life and ultimately production capacity,” said Christopher Emerson, Pan American Silver’s Vice President Business Development and Geology. “Following the most recent mine expansion completed in 2017, we have renewed our exploration efforts at La Colorada, and these recent discoveries validate the important exploration potential of this mine.”
The drilling is well underway and currently focused on completing three drill holes, totaling approximately 600 meters, at the Cascarita area, a high-grade silver-lead-zinc sheeted/vein breccia system. Once all three holes are completed, core samples will be processed.
We are excited that mapping and sampling in the newly acquired Claraboya concession has extended the high-grade Europa-Guadalupe vein by over 1 km. This new zone pushes the overall footprint of the Alamos district to 10 km long by 3 km wide, stated Darrell Rader, President and CEO of Minaurum. We look forward to incorporating targets in this new area into our current drill program.
Mexico Mining Center © 2021 / All Rights Reserved
