Category: Exploration and Development

SEDENA was immediately informed of the ruling and it is expected that SEDENA will reinstate the explosives permit imminently. Once SEDENA officially reinstates the explosive permit, the Company will be able to resume blasting operations. It is anticipated that ramp up of full operations will be re-established by approximately mid-July.

Alonso Lujan, Vice President Exploration at Sierra Metals commented: “ Today’s press release demonstrates the existence of increased high-grade silver mineralization at Cusi with the potential for further resource development, as this area remains open at depth and along strike. The increased potential resources defined today will allow the Company to utilize the highly productive exploitation method of sublevel caving and help achieve its economic objectives at the Cusi Mine. …”

The old permit was for core drilling with a man portable rig, did not allow for the construction of an access road and was due to expire on July 30, 2018. The new permit will allow for the drilling of 12 drill holes, the building of 12 drill sites 14 x 7 meters suitable for using a reverse circulation drill, and the construction 3,693 meter access road 7 meters wide in order to reach the 12 new locations.

“Goldcorp’s dedication to continuous improvement elevated our sustainability performance once again in 2017,” said Mr. Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability. “Innovation, consultation and partnerships are cornerstones of our sustainability strategy, and underscore sustainability initiatives that are fully integrated with our business drivers. We are pleased to see that ongoing efforts to build trust and constructive working relationships with our host communities are delivering sustainable value – long-term social and economic benefits that make a positive difference in areas where we operate.”

Kootenay Silver Inc. (TSXV: KTN) is pleased to announce that its wholly owned Mexican subsidiary has entered into an option agreement with Capstone Mining Corp. (TSX: CS) on the Company’s La Mina Project, located 180 kilometers southeast of the city of Hermosillo in Sonora State, Mexico. La Mina was staked by Kootenay as part of its generative property portfolio strategy and covers the upper levels of a zoned copper porphyry mineral system exposed over a 2 by 2 kilometer area.

Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These infill drill results should have a positive impact on our reserves and resources. The high silver and gold grades, excellent continuity of mineralization and significant exploration upside to expand the resources reinforce our view that Terronera has the potential to become the next key asset for the Company.”

Kootenay Silver Inc. (TSXV: KTN) is pleased to report that Aztec Minerals Corp. today announced the results of the final 6 core drill holes from its 17-hole phase I drill program totaling 2,674 meters conducted on Kootenay’s Cervantes gold project, located in Sonora State, Mexico.

President and CEO Joey Wilkins stated, “Every hole in our Phase 1 drill program intersected porphyry-type gold-copper-silver mineralization, and most holes collared in outcropping mineralization. Ignoring the abandoned holes CER1, 8 and 12, over half the holes at the California prospect intersected robust 100+ meter widths of higher grade mineralization exceeding 0.4 gpt gold, spanning an 800 meter length and a 200 meter breadth, to a maximum vertical depth of 150 meters (view drill section here).”

Thomas A. Doyle, President, CEO, stated “We feel very fortunate that this land came open and our application was accepted in an area that is very competitive. This concession was the only land in the immediate area that has not been staked and claimed. We now share borders with Alamos Gold Inc to the north, east, south, and Agnico Eagle Mines Limited to the west.”

“We are very pleased to have closed this transaction with MAG Silver, and further expand our presence in the Zacatecas Silver District”, stated Peter J. Hawley, President and CEO. “With significant exploration potential at the San Acacio project, we look forward to continuing our examination and interpretation of the large regional exploration database.”