Category: Exploration and Development

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We continue with our successful Phase III expansion drill program with further high-grade silver-gold intercepts in multiple veins at Las Chispas. This most recent drilling of the Babicanora Norte Vein intercepted native silver, silver oxides, and fine-grained free gold in several holes along an estimated strike length of 900 metres, expanded from the previous 200 metres. We now have identified 30 epithermal veins on the Property with a total cumulative strike length of approximately 20 kilometres, of which 5 kilometres have been partially drilled and only 3.5 kilometres were included in the maiden resource. We are currently step-out drilling with nine core rigs at the Babicanora Norte, Granaditas, Luigi and Babicanora veins, including the Area 51 southeast extension. We are systematically working towards an updated resource in Q3, 2018.”

Brian Robertson, President & CEO, stated, “Our ongoing field exploration work continues to deliver high-grade assays from historical mines and well as new discoveries within the Changarro – La Perdida area. These results from several widely-spaced localities clearly demonstrate that the high–grade mineralization is extensive and appears to be structurally controlled similar to the El Dorado Dike Contact zone.”

Mexus Gold US (OTCQB:MXSG) today gave an update on its operations in Mexico. The information provided was compiled by Mexus geologist, Cesar Lemas, who is providing the necessary data from the company’s multiple properties.

President Lawrence Page Q. C. stated “The identification of a significant low sulphidation epithermal, precious metal system at CLM West when added to the existing skarn-hosted mineral resources of the project would greatly enhance the prospects of the overall property and highlight the true district-scale potential of the Cerro Las Minitas Project with potential contributions from two distinct geologic systems”

“The execution of this unsolicited offtake agreement reinforces our confidence that the potential of the Pino de Plata project may be quite robust. The high grades of silver and base metals mineralization sampled on surface indicate the prospective tenor of grades we anticipate drilling to define significant resources,” stated Karl Boltz, CEO of Silver Spruce.

San Marco CEO Christian Grijalva stated: “We’re very pleased with the results we have generated over the past few months at Chunibas. We’ve been able to conclusively demonstrate that the copper mineralization on the Chunibas property represents a typical volcanic-hosted stratiform system, analogous to several known copper-silver Chilean deposits but previously unknown in Mexico. Now that we have confirmed both scale and consistency, the next step will be preparations for a drilling campaign to locate higher-grade areas and then expand those areas down-dip and along strike. The Company expects a drill program could start as soon as the rainy season ends, and local road conditions improve.”

Kootenay President and CEO James McDonald states, “Based on consistent anomalous silver and gold values both along strike and across excellent vein widths of up to 15 meters, we see good potential for the discovery of a classic high-grade vein hosted silver-gold deposit. The exploration team will continue to systematically map and sample the surface exposures found on the Property in the coming weeks to delineate drill targets.”

Thomas Atkins, President and CEO of Mammoth commented on these results stating: “Although we haven’t figured out all the controls to mineralization in this central area, as evidenced by the weaker assay results in hole TEN 17-09, drill hole TEN 17-10 continued to add a total of 61.5 metres of potentially economical gold in what is an approximate one-kilometre, northwest trend of mineralization in this area. “

El próximo mes de octubre Clúster Minero de Sonora A.C. recibirá el Distintivo Promotor RSE que otorga el Centro Mexicano para la Filantropía (Cemefi) y la Alianza por la Responsabilidad Social Empresarial (AliaRSE), que acreditan a la asociación como impulsora de políticas de Responsabilidad Social Empresarial entre sus empresas mineras, proveedoras y contratistas socias.

“Our exploration team continues to do an excellent job expanding the Arista Mine’s multiple vein systems,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation. “While the Switchback vein system continues to extend on strike, it is great to see new veins being discovered at the Arista vein system as well. We have a powerful epithermal system with a great mine and a lot of growth potential in front of us.”