Galore Resources Inc. is pleased to announce that Minerales Galore S.A, de CV., Galore Resources Inc.’s wholly owned subsidiary in Mexico, has been granted permits to begin a 3,000-meter diamond core drill program at Galore’s 100% owned El Alamo claim.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, We continue to de-risk Las Chispas with the startup of closely-spaced in-fill drilling for the Babicanora Vein, including the high-grade Area 51 zone. By announcing our best drill hole intercept to date suggests that significant additional potential could be discovered at Las Chispas. Furthermore, we are intercepting high-grade vein mineralization within 5 to 10 metres of our projected target, which helps to increase our confidence in vein location and continuity. “
“Our progress to date in defining high-grade veins outcropping at surface at Yoquivo is excellent. We expect to continue with the surface work in preparation for identifying the best drill targets, which we plan to test in a drill program in 2019. The discovery of additional untested veins on the property is promising. We believe the Yoquivo district is emerging as a very interesting exploration play in this well-mineralized portion of the Sierra Madre, states Warren Rehn, President and Chief Executive Officer of Golden Minerals.
This resource update models the mineralization defined at Sierra Mojada to zinc and silver prices realistic of the current market conditions, stated Tim Barry, President, CEO and director of Silver Bull. Sierra Mojada is one of only a handful of projects with any appreciable zinc resources and is one of the largest undeveloped silver-zinc projects in Mexico. It has excellent infrastructure; it is located 3 hours from an international airport with a paved road right to site; it has a functioning railway right to site; runs on grid power; and it has a skilled mining work force to draw upon in the immediate local area. This resource provides excellent leverage to both zinc and silver prices and has the potential to be scaled in size depending on metal prices.
The renewable power purchase agreement with Energia Solar provides Telson with a steady supply of renewable source generated power at an inflation-indexed fixed price that will significantly reduce environmental footprint and reduce operating costs and future profitability. Additionally, this agreement satisfies local regulations that require Campo Morado mine to use a minimum of 25% green generated energy. states Antonio Berlanga, CEO. It is also a significant step forward for Telson to do its part in the world-wide battle against global warming
Colibri Chief Operating Officer Ian McGavney said “There is limited downside risk for the shareholders in this proposed transaction. The deal structure allows Colibri to secure these properties for the next 5 years using little cash resources which allows monies to be used for exploration activities. We see the conversion price of the convertible debenture as very positive considering the current share price level.”
Goldplay President and CEO Marcio Fonseca commented, Our systematic sampling of available core (not previously sampled) has confirmed much wider and continuous mineralization than previous geological modelling.”
Were excited to start working on the Evolución concession, which is the product of extensive preparation over the past year, stated Ben Pullinger, SVP Geology. Looking under cover for blind deposits is the evolution of exploration in Mexico, with Heclas San Sebastian deposit illustrating this potential just north of us. We will shortly commence a regional mapping and geochemical program to develop exploration zones and drill targets.
CZL CEO Brad Marwood said, This is an exceptional opportunity for CZL to increase value for shareholders and is by far the best opportunity identified to increase production of zinc, lead and silver in the near term. We continue to execute our plan to rapidly grow CZL into a mid-tier zinc producer, and we will be ramping up production at Plomosas over the coming months to build on this plan.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: We have moved the Tabasquena project forward significantly in our first 7 holes finding a cluster of over 30 epithermal vein intersections. Not far from us if Fresnillo, Mexico, and right beside the city is a cluster of approximately 20 epithermal veins that were mined for over 500 years. We are in one of the most important silver and gold districts in the world and have founda cluster of epithermal veins in a small area.
Mexico Mining Center © 2021 / All Rights Reserved
