Category: Exploration and Development

Dr. Carl Hering, newly appointed CEO, commented, “Since joining the MEX team in Sept. of 2018, we have been reviewing data with the objective of delineating new mineralization both in the existing resource areas and in potential target areas for expansion. We believe that a new and updated NI 43-101 Resource will demonstrate significant improvement over the initial Resource defined in August 2017, given the success of drilling since that time.”

Chris T. Grijalva, CEO stated, “Preliminary property assessment has allowed us to recognize the porphyry gold-copper-moly potential for Espiritu SMR, the magnitude of which is unknown. The area will be re-mapped to determine the surface extent of the system(s). Our first pass review suggests the mineralized zones are open in all directions. We still need to understand the zoning and other possible controls of the mineralization in order to best target future drilling. San Marco is taking the Espiritu potential very seriously and, for this reason, has engaged an experienced, high calibre expert who immediately will create and execute an aggressive and systematic exploration program. We are targeting late November for completion of this first-pass program.”

Goldplay President and CEO Marcio Fonseca commented, “The grant of the drilling permit opens the door for Goldplay to move forward with its objectives to delineate new mineralized zones beyond the historic NI 43-101 resource estimate area. This will also allow the identification of new discoveries in the 3.5 km long mineralized trend and providing additional drilling information to support a Preliminary Economic Assessment of the San Marcial Project in 2019.”

Rodrigo Barbosa, the Company’s President & CEO commented, “We have built a high-performance team at Aranzazu that is encompassed in our new management standards and procedures and is meeting all our goals. We are very pleased to complete an additional milestone at Aranzazu and expect to declare commercial production on time and within budget.”

Galore Resources Inc. is pleased to announce that mining for gold at Los Gemelos has begun. All necessary permits have been received and approved. Galore entered into a 5-year contract with URBYASA to mine and extract available gold at Galore’s 100% owned Duraznillo Ranch, which includes the Los Gemelos and Duende 7 claims in the prolific Conception Del Oro district. URBYASA’s independent decision to proceed with mining was not based on a feasibility study of mineral reserves demonstrating the economic or technical feasibility of the project.

Antonio Berlanga, CEO, states “The assay values returned, confirm the excellent ore quality and potential of Tahuehueto. Selective Cut and Fill mining methods to be used during mining operations will ensure the high quality of mined ore, minimize dilution and help deliver low mining cost. This along with an innovative mine design that is significantly reducing the required underground development that was envisioned in previous studies, is sure to allow the Tahuehueto Mine to maximize future profitability for the benefit of all Telson stakeholders including employees, local communities and shareholders.”

Commenting on the Scoping Study, Azure’s Managing Director, Mr Tony Rovira said: “The completion of this Study with its very positive project economics represents a key milestone for the Company. We’re immediately progressing into the Feasibility Study stage with the intention of developing Oposura into the Company’s first operating mine as swiftly as possible to take advantage of the strong zinc thematic.”