Category: Exploration and Development

Bradford Cooke, CEO of Endeavour, stated, “We continued to enjoy exploration success in 2018, primarily at Guanacevi, Terronera and Parral. Mineral Reserves increased at Terronera due to infill drilling at depth and the inclusion of the high-grade La Luz vein. Mineral Reserves also increased at Guanacevi, as Milache was incorporated into the mine plan, partly offset by reduced Mineral Reserves at El Cubo. Mineral Resources increased sharply at Parral thanks to drilling of the San Patricio vein system, partly offset by reduced Mineral Resources at El Cubo.”

Goldplay President and CEO Marcio Fonseca commented, “The San Marcial Project is one of Goldplay’s top prospects in the Rosario Mining District and we continue to be very encouraged by the upside potential for expansion of the deposit. The exploration results on the 3.5 km mineralized trend, in the vicinity of the historic resource, show high quality targets delineated by the soil and rock sampling program. The 250 years of historical silver and gold production in the region, with several multi-million ounce historic silver mines nearby, support the exploration potential for new discoveries on the under-explored San Marcial concession.”

Mexus Gold US today announced that the 1st phase of drilling is now complete at its Santa Elena mine. The company is awaiting assay results which will be plotted and produce a 3D Model used for interpretation. The final results are expected in February 2019. The company has received results for holes 6 thru 9 which aimed to intercept the Julio vein at depths between 60 to 100 meters. The Julio structure is consistent at depth with mineralized widths of 2 to 5 meters. All quartz vein intercepts had gold and silver noticeable with .1 to .3 g/t Au as the tracing values and 2 to 10 g/t Au as the high values. Hole 7 is the best evidence of high-grade gold at 9.89 g/t Au with an attractive width of 5.3 meters and an overall average of 3.12 g/t Au.

Silver Viper’s President and CEO Stephen Cope states, “It is exciting to make a brand-new discovery on a project. The grade, width and potential strike length of El Rubi make this a priority target moving forward. The discovery here validates the ongoing reconnaissance work being done by our team to identify new targets on the project. We look forward to continuing to unlock value in this project and hope this is the first of many new discoveries at La Virginia.”

San Marco CEO Christian Grijalva stated: “We are pleased that Phase I drill results have confirmed the existence of a copper mineralized system and provided useful third dimension data to assist in vectoring towards the source of mineralization, and potentially higher-grade copper zones. The Company’s goal is to identify a sizable mineralized “Manto-Type” system with the potential to meet the high thresholds of its partnership with Antofagasta. The first phase drill program was designed to broadly test the target for certain geological characteristics associated with the type of deposit sought. The Company and its partner will evaluate the latest data for ongoing exploration and vectoring guidance in planning a next phase of exploration.”