These high grade results and good widths are similar to our success at the Aida vein zone intersected earlier this year and confirms our belief that substantial potential exists to expand the mine life at Mercedes stated Charlie Ronkos, Executive Vice-President of Premier.These initial intercepts suggest a zone with grades well in excess of the current reserve grade at Mercedes.
“The approval of the Informe Preventivo was a pivotal and significant step for Silver Spruce to initiate drilling at Pino de Plata. Surface land owners with ranches on our project had granted access for the drill campaign, and the comprehensive declaration/permit application has been approved with no clarification requested. The application was very thorough and is testimony to the high quality technical reports prepared by PRODEMIN and their contractors. We look forward to confirming our drilling contract and moving forward with the exploration program,” stated Karl Boltz, CEO of Silver Spruce.
Since Telson declared commercial production as of May 15, 2018 mining and milling operations at Campo Morado have run smoothly and continuously while production is steadily increasing towards management’s targets.
Goldplay President and CEO Marcio Fonseca commented, Goldplays objective is to define the geometry and controls of mineralization at El Habal within the 6 km-long prospective corridor, expanding gold mineralization both along strike and down dip. We are pleased with the progress the Company has made towards advancing this goal. The next step will be a follow up drill program.
Radius has granted to Pan American the option to earn up to an initial 65% interest in the Amalia Project by making cash payments to Radius totaling US$1.5 million (of which US$100,000 has been received) and expending US$2 million on exploration over four years. Pan American may earn an additional 10% by advancing the property to preliminary feasibility. Initially Radius will be the project operator.
Since the closing of the transaction between Minera Alamos and Corex Gold in April the Company has aggressively advanced the Santana projects engineering work culminating in our recent submission for these permits. We have received extremely positive community support for our plans and based on currently available information we anticipate the receipt of final approvals later this year. stated Darren Koningen, CEO. Construction could begin in Q1 2019 with Santana the first of three planned operations in our development pipeline.
Con la intención de explotar la Mina Rampa Siglo XX, los empresarios mineros se han dado a la tarea de convencer a los habitantes de la comunidad El Cedro para que sean reubicados.
“We are excited by the grades and widths returned by the first two holes ever drilled in the Margarita Vein”, stated Ruben Padilla, VP Exploration of Sable Resources. “These results clearly demonstrate that we are at the right erosional level with good preservation of the best part of the veins starting right at surface and still open at depth. We will continue the systematic drill test along the 1.6 km of known extension of the Margarita vein and along the other three veins identified within the property limits.”
Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces that near mine exploration drilling along the Calicanto, Santa Fe and Misie-Karla vein systems on the Calicanto property in Zacatecas State, Mexico continues to intersect high grade silver-gold mineralization along strike and down dip of positive drill results reported last year. The Calicanto property is located within close proximity to the El Compas Mine, and has the potential to provide further growth opportunities for the new mine.
This vein intercept is at a vertical depth of approximately 225 metres below surface, located 50 metres below and 25 metres step-out to the SE from drill hole ES-17-16. This wide vein intercept is the southeast extension of the La Esperanza vein and is located in an untested area that is below previous drilling. The entire vein structure appears to be preserved over the 14.11-metre intercept in this zone and this opens the southeast extension of the La Esperanza vein for additional drilling along strike and to depth, which is very encouraging.
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