Category: Exploration and Development

Más del 60 por ciento de las empresas de la Cámara Minera de México (CAMIMEX) fueron galardonadas como Empresa Socialmente Responsable (ESR) al mejorar el entorno social donde se desarrollan e impulsar la eficiencia de negocio.

Goldplay President and CEO Marcio Fonseca commented, ‘Goldplay’s strategy for San Marcial is to achieve a material increase in the high-grade resources by drilling the new targets in the vicinity of the current resource over the next six months. The Company has built a robust and attractive high-grade silver, potentially open pit, project and the recent discovery of Au targets has transformed the San Marcial Project into a multi-commodity resource-development stage project. Our successful exploration program has enabled Goldplay to discover eight targets in a short period of time, making the San Marcial Project one of the most attractive projects in the Rosario Mining District.’

Riverside’s President and CEO, John-Mark Staude, stated: ‘We are delighted to combine the financing support of a major world copper leader with our in-country Mexico expertise to pursue exploration activities and advance promising projects. The two-year Program helps Riverside expand our copper exposure, while still conserving capital for our other self-funded initiatives.’

Commenting on Azure’s full ownership and control of the Alacrán Project, Azure’s Managing Director, Mr. Tony Rovira, said: ‘Azure is very pleased to have reached this agreement with Teck. We welcome them as a substantial shareholder of the Company and we look forward to further progressing the Alacrán Project for the benefit of both our companies and all shareholders.’

N. Eric Fier, CPG, P.Eng and CEO commented: ‘With an estimated after-tax NPV (5%) of more than $400 million, an after-tax IRR of 78% and a payback period of less than one year, the economics for Las Chispas are exceptional.’