Category: Exploration and Development

The Valdecañas Vein System continues to astound us with its multiple high-grade silver and gold overprintings on the increasingly base-metal rich Deep Zone and its overall persistence; it having now been traced for over 1,100 metres beneath the top of the Bonanza Zone where our mine development is currently advancing nicely, said George Paspalas, President and CEO of MAG. We are especially pleased with how each hole into the Valdecañas Vein East gives us a free shot on the way not only at the ever-expanding Anticipada Vein but also the fortuitously discovered Pre-Anticipada Vein. Because the drill spacing in the Deep Zone is still widely spaced, we expect the major impact on resources will be to the Inferred category, and that drilling off to Indicated may best be done in the future from underground.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our team is very excited to get started on our phase 3 drilling program at the Tabasquena project. We are in the final stages of planning our two pronged approach to drilling, and will provide more details as we begin drilling shortly.

Goldplay President and CEO Marcio Fonseca commented, “These excellent metallurgical results represent another milestone completed at the San Marcial Silver Project, increasing the significance of this deposit as an emerging high grade potential open pit development with a standard leaching metallurgical flow sheet.”

The identification of such enriched silver and pathfinder metals in this initial phase of wide-spread drill testing on the CLM West claims may be significant in suggesting a potential proximity to much more precious-metal enriched (Ag-Au) deposits. Similar pathfinder-ore relationships are identified on the adjacent La Preciosa and Avino mineral systems and are described in classic models of vein and breccia epithermal systems.

Goldcorp says it is seeing the multiple benefits of autonomous drilling at its Peñasquito gold mine in Mexico, with the company set to ramp up the use of this technology in the next few years.

Thomas A. Doyle, President, CEO, stated “I would like to thank the Ejido for their help and support to let us continue with our exploration programs. I am very pleased that we were able to reach an agreement. The initial plan is to get the drill rig back on the property and follow up on what we have discovered in LVRC 12 in the south east portion of the property”

Almadex Minerals Ltd. is pleased to provide an update on its exploration activities and results from a prospecting level diamond drilling program in one part of the Yago project (located in Nayarit State, Mexico) called Gallo de Oro where banded epithermal veins crop out at surface.

J. Duane Poliquin, Chairman of Azucar commented, “We are very excited to be moving forward on our comprehensive two year intensive drill program at the El Cobre project. The results have shown the potential for multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as we move forward.”