CEO Brad Marwood said, Since joining the Company, my focus has been on the transition of CZL from explorer to producer. The Boards decision to commence mining, having secured toll treatment and concentrate off-take agreements is a low risk, fast return option that will see mining re-established for a low capital cost.
With the successive closing of several tranches of our financing, we are excited to initiate drilling in the main showing areas at Manto Negro, stated Michael McPhie, President and CEO of Prize Mining. The Phase II program will focus on two areas in order to provide a better understanding of the style, continuity, grade and thickness of the copper mineralization. This should give us the confidence to subsequently step out and test other targets on this extensive property, thereby confirming the district-scale potential of the Manto Negro Project.
Goldplay President and CEO Marcio Fonseca commented, Consistent high-grade, near surface silver results returned from the sampling of historical holes at the San Marcial Project continue to encourage the Company. Goldplays drill core sampling program is advancing rapidly, and an updated resource estimation is scheduled for completion in the December quarter of 2018.
Golden Minerals Company is pleased to announce it has sold, through its wholly owned Mexican subsidiary, its remaining interest in the Company’s Celaya exploration property to a Mexican subsidiary of The Electrum Group LLC.
Bradford Cooke, CEO of Endeavour Silver, commented, Our efforts to optimize the Terronera mine project have resulted in significantly improved operating parameters and financial returns for this high grade, district scale exploration and mining project. Multiple engineering trade-off studies and the incorporation of the very high grade La Luz vein Mineral Resources and Reserves into the 2018 PFS in particular helped to improve the outlook for Terronera compared to the 2017 PFS.
De acuerdo con el director de Asuntos Corporativos y Seguridad de la compañía, Michael Harvey, a través de la nueva planta de Lixiviación prevén elevar la extracción entre 120 y 150 mil onzas de oro por año, y un valor similar en plata.
With the newly found Yoreme veins, we have outlined a vein swarm of 12 prominent and separate veins within an overall corridor measuring 10 km long and 2.7 km wide at Alamos. stated Darrell Rader, President and CEO of Minaurum. The new claims not only triple the size of our holdings but also ensure that we control the strike of all known veins, greatly expanding the impressive untested exploration potential at Alamos.
The program is designed to test for gold and copper mineralization below historical workings along the “Alaska” vein which has a strike length of over one kilometer and is open at depth.
Goldplay President and CEO Marcio Fonseca commented, Goldplays systematic sampling of 22 existing core drill holes (previously only partially sampled) is confirming the upside potential for resource expansion, while delineating mineralized zones wide enough to support a high-grade bulk mineable open pit target at the San Marcial Project. The sampling program is progressing with pending results expected to lead to an updated resource estimation by the December quarter of 2018.
“We would like to thank Riverside for the opportunity to advance the Clemente project and we look forward to working with them again in the future. At this time, our focus has shifted towards the La Virginia project. It is far more advanced and has a history of some very successful drill results while still being underexplored throughout most of the project.” said Steve Cope, CEO of Silver Viper.
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