Rodrigo Barbosa, the Companys President and CEO noted, Commercial production is a significant milestone for our team that has delivered ahead of schedule and below budget. Our team has great experience and motivation to continue to deliver these kinds of results and I want to personally thank all of our team for their hard work.
Bradford Cooke, Endeavour CEO commented, With the success of the 2018 surface drilling, underground sampling and metallurgical testing programs, management now views the Parral Project as having good potential to become a profitable new mine. The Parral Project was our second largest exploration expenditure (after Terronera) this year and represents an important part of our growth strategy.
Almaden Minerals is moving forward with plans to introduce X-ray Transmission (XRT) ore sorting to its Ixtaca silver-gold project in Mexico, with the latest economic study showing the technology can boost production and returns.
As a result of our ongoing commitment to high-return, near-mine exploration, and despite a persistently lower metal price environment, we have continued to deliver year-over-year growth in our reserve base since 2014, said Mitchell J. Krebs, Coeurs President and Chief Executive Officer.
Commenting on the continued success of the ongoing drill program at Oposura, Azures Managing Director, Mr Tony Rovira said: Oposura continues to deliver with exceptional drilling results. The continued success of the resource infill drilling program confirms our strong confidence in the width, grade and internal continuity of the East Zone mineralisation. This drilling will enable the Company to upgrade most of the East Zone Mineral Resource to Indicated status and, thereby, further de-risk the proposed Oposura mining operations.”
Evrim Resources Corp announces initial drill results from the Cuale high sulphidation epithermal gold project in Jalisco, Mexico. The Company has received assay results from four of the first five drill holes targeting the La Gloria prospect. A total of 1,167 metres has been completed of a planned 3,000 metre program.
The ongoing drilling program at Cerro Caliche continues to meet the primary objectives set out by Sonoros technical team prior to exploration, said Kenneth MacLeod, President and CEO of Sonoro. Drilling by earlier operators suggested the potential to develop a large-tonnage, heap leachable resource at Cerro Caliche suitable for open-pit mining. The current results support that proposition.
Thomas Atkins, President and CEO of Mammoth commented on the results from drilling, stating: Weve always been impressed and intrigued by the sheer dimensions of the gold-silver footprint at Tenoriba, one that measures about 15 square kilometres and still remains open to the east and west. Given we intersected potentially economical values of gold-silver in 9 of 11 drill holes from this campaign and that 7 of these holes tested areas over one kilometre to the east and west of the area previously drilled, illustrates the vast potential of the deposit.”
As the year draws to a close the Minera Alamos team has made excellent progress at Santana in anticipation of what we expect to be our first commercial mine in 2019. The consistent recovered grade from the bulk test work at Nicho Norte coupled with low cyanide consumption suggests the potential for a robust open-pit, heap-leach operation. As a result, discussions with mining contractors have been initiated in anticipation of approval of our commercial permit applications and making a final construction decision, stated Minera Alamos President Doug Ramshaw.
These drill results are encouraging and indicate the possibility of additional mill feed for Mill Circuit 4 in the future, and as we are currently in a low metal price environment, we are always looking at economical ways of running material through the Mill. said David Wolfin, President and CEO. Additionally, I would like to thank the operations team in Mexico for their continued initiative and focus on multiple stages of growth at the Avino Mine.
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