Igor Gonzales, President and CEO of Sierra Metals commented, “We are very pleased with the progress made with our expansion plans at the Bolivar Mine. With the early completion of construction at the Piedras Verdes Mill, we will deliver on our goal of a 20% increase in production from 3,000 TPD to 3,600 TPD, in Q1-2019.”
We are pleased with the results and interpretations of this first phase of work at Espiritu SMR. The important data compilation and invaluable insights from Luciano Bocanegra has confirmed the porphyry copper-moly-gold potential of the Espiritu SMR project and heightened our understanding of its ongoing exploration potential. This extensive interpretive work and recent re-mapping of the project area has better determined the surface extent of the porphyry system(s) and evidenced several of these zones remain open for ongoing exploration. We are now utilizing this new information, interpretations and recommendations as a means of optimizing and streamlining our future work which is expected to include the recommended magnetic and ZTEM surveys to assist in locating a deeper source of the mineralization in advance of possible drilling at the project, said CEO Chris T. Grijalva.
Kootenays next steps at Columba are additional mapping and surface sampling to prioritize drill targets and obtain drill permits. Details from subsequent work will be reported once the Company receives and compiles the results.
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CEO John Lawrence said We are excited about starting pilot production of gold, silver, and antimony from the the Los Juarez deposit in Q1 2019.
Our resident geologist, Cesar Lemas, is pleased with the result of our initial drilling. He feels we are well on way to proving a resource which will give us multiple options moving forward. I wish all of our loyal shareholders a Happy Holiday! added Mexus CEO Paul Thompson.
“As one of two foundational assets that have been rapidly advanced this year, La Fortuna now has key permitting and technical milestones in place. This provides a path to a commercial production decision in the second half of 2019,” commented Darren Koningen, Chief Executive Officer. “Minera can now begin development activities at La Fortuna that will run in parallel with the proposed development of the Santana gold project and allow for our development team to transition from Santana to Fortuna as the year progresses.”
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities. Subsequent to the spinout of Almadex earlier this year the Company has reviewed its portfolio of exploration projects and has initiated various field work programs. The work conducted has included additional lithology and alteration geologic mapping, soil sampling and geophysical surveys all with the intention of defining specific targets for drilling. The Company has also acquired additional claims on some of these projects.
San Marco CEO Christian Grijalva stated: We are pleased to have completed Phase I drilling at Chunibas in a completely safe manner and somewhat under budget. Drilling has confirmed that the Chunibas geological model is typical of that of copper-silver Manto-Type systems known to exist in northern Chile.
Our first drill program at the Pilar Grande and El Granizo areas continues to provide important geological information on the continuity of copper-silver mineralization, stated Michael McPhie, President & CEO of Prize Mining. In detail, the areas are more structurally complex than we had anticipated but our geologists are working on an interpretation that will help guide our ongoing drill program.
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