“Since the 20 September shipment, the Plomosas operating team has continued to perform safely while delivering production and development in line with expectations. Production haulage to the surface has been challenging with a “zig zag” in the decline however, we are taking steps to remove this restriction and increase our production once this bypass is complete.”
Riversides President and CEO, John-Mark Staude, stated: We continue to advance multiple discussions with prospective partners at Cecilia and whether we partner or sole-fund the Project, Riverside wants to see drilling in the near future to test the targets that have been generated. The district scale targets show strong gold values and good continuity. We are excited about the transformational discovery potential with future trenching and drilling at Cecilia.
The goal of initial drilling at Miguel Auza is to test structures at depth and along strike for their potential to host economic mineralization. These results confirm proof of concept, stated Ben Pullinger, Senior Vice President Geology. We have seen grade and width improve at depth at Lechuzas and high-level epithermal textures and anomalous precious metals at Lechuzas, El Cobre and Abejas. Our expanded drill program will focus further understanding the greater system around Miguel Auza.
Antonio Berlanga, CEO, states The development of these 6 production stopes within the Level 12 decline, plus the additional 6 stopes that will be developed soon from the Level 20 decline currently underway, ensures the Tahuehueto Mine development provides access to at least the first 2 years of ore production at the projected capacity of 1,000 tpd. This development also ensures a steady supply of above 10 g/t AuEq ore to be shipped to the Atocha Toll Mill to continue to generate sales of produced zinc and lead concentrates containing significant gold and silver content to be delivered to Trafigura under the Telson/Trafigura Off-take loan agreement.
“The acquisition of the Santana project was a major milestone for the Company not only for the near-term production potential but also for the significant exploration upside that existed.” stated Darren Koningen, CEO of Mineral Alamos. “As we have aggressively moved forward with the production permitting our exploration group has been working hard to expand our understanding of the geological sources of the gold mineralization that occur throughput the property. The recent confirmation of the new Zata Zone and its similarities to the Nicho area is an exciting development and further confirmation of the true potential for the Santana concession to host to a number of gold mineralized breccia systems.”
CEO John Lawrence said “The long term USAC investments of capital, manpower, research and tenacity are coming to fruition in our Mexican operations. Despite criticism, the corporate identification of major antimony deposits in North America, investment of time and capital, and foresight to hold them is now starting to pay off. By the end of the year, all of the properties could be in production and revenue from antimony, silver, and gold should rapidly increase.”
Al grito de no somos uno, no somos cien, pinche napito cuéntanos bien, cientos de mineros sindicalizados marcharon por las calles de Fresnillo en protesta de la reunión que sostuvieron en el Senado de la República los legisladores de la cámara alta, Ricardo Monreal Ávila y Napoleón Gómez Urrutia.
J. Duane Poliquin, Chairman of Azucar commented, We are very excited to commence what we anticipate being a comprehensive two year intensive drill program at the El Cobre project. The results over the past two years have shown the potential for multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as we move forward.
Ethos has now completed a rock sampling stage and geologic mapping program in the historic La Purisima gold mine area concessions. Total samples across the poorly outcropping area are 591 rock chip samples of which Ethos work developed 348 rock samples. Most of these samples were taken within a rectangular area following northwest striking parallel veins along 1.7 km strike and over 500 meters corridor width. The samples collected generally range from 1.5 to 3 meters in length usually crossing vein and fracture trends. Ethos did not collect samples in this program from the historic mine site outcrops due to hundreds of prior quality samples taken in three qualified sample programs and more recent mining contamination in the mine site area.
Taj Singh, P.Eng, President and CEO, states, Puerto Rico is advancing quickly and systematically, with all three historic mines now completely mapped and sampled. These current results prove that robust, high-grade mineralization remains in all three historic mines. The distribution of mineralization in all of the historic mines, combined with the structural characteristics identified in our mapping and modeling work, demonstrate the continuity and significant potential of mineralization at the Project. We have gained invaluable insight into the overall system which will aid us in vectoring towards more mineralization and possibly the source.The results of the upcoming airborne mag and EM survey, scheduled for October, will provide the final inputs required for the placement of drill holes for the Projects maiden drill program. The drill permitting process at Puerto Rico is almost complete and we estimate the receipt of permits within the next one to two months.
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