Category: Exploration and Development

“The acquisition of the Santana project was a major milestone for the Company not only for the near-term production potential but also for the significant exploration upside that existed.” stated Darren Koningen, CEO of Mineral Alamos. “As we have aggressively moved forward with the production permitting our exploration group has been working hard to expand our understanding of the geological sources of the gold mineralization that occur throughput the property. The recent confirmation of the new Zata Zone and its similarities to the Nicho area is an exciting development and further confirmation of the true potential for the Santana concession to host to a number of gold mineralized breccia systems.”

CEO John Lawrence said “The long term USAC investments of capital, manpower, research and tenacity are coming to fruition in our Mexican operations. Despite criticism, the corporate identification of major antimony deposits in North America, investment of time and capital, and foresight to hold them is now starting to pay off. By the end of the year, all of the properties could be in production and revenue from antimony, silver, and gold should rapidly increase.”

Al grito de “no somos uno, no somos cien, pinche napito cuéntanos bien”, cientos de mineros sindicalizados marcharon por las calles de Fresnillo en protesta de la reunión que sostuvieron en el Senado de la República los legisladores de la cámara alta, Ricardo Monreal Ávila y Napoleón Gómez Urrutia.

J. Duane Poliquin, Chairman of Azucar commented, “We are very excited to commence what we anticipate being a comprehensive two year intensive drill program at the El Cobre project. The results over the past two years have shown the potential for multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as we move forward.”

Ethos has now completed a rock sampling stage and geologic mapping program in the historic La Purisima gold mine area concessions. Total samples across the poorly outcropping area are 591 rock chip samples of which Ethos work developed 348 rock samples. Most of these samples were taken within a rectangular area following northwest striking parallel veins along 1.7 km strike and over 500 meters corridor width. The samples collected generally range from 1.5 to 3 meters in length usually crossing vein and fracture trends. Ethos did not collect samples in this program from the historic mine site outcrops due to hundreds of prior quality samples taken in three qualified sample programs and more recent mining contamination in the mine site area.

Taj Singh, P.Eng, President and CEO, states, “Puerto Rico is advancing quickly and systematically, with all three historic mines now completely mapped and sampled. These current results prove that robust, high-grade mineralization remains in all three historic mines. The distribution of mineralization in all of the historic mines, combined with the structural characteristics identified in our mapping and modeling work, demonstrate the continuity and significant potential of mineralization at the Project. We have gained invaluable insight into the overall system which will aid us in vectoring towards more mineralization and possibly the source.The results of the upcoming airborne mag and EM survey, scheduled for October, will provide the final inputs required for the placement of drill holes for the Project’s maiden drill program. The drill permitting process at Puerto Rico is almost complete and we estimate the receipt of permits within the next one to two months.”

“The Phase 3 program has not only expanded both the surface extent and depth potential of the La Gloria prospect, but has defined new mineralized zones extending over 1,000 metres to the northwest”, commented Charles Funk, Evrim’s Vice President of New Opportunities and Exploration. “The breccia encountered at the North Dome contains abundant mineralized fragments indicating the potential for a gold rich mineralized body at depth.This presents a distinct drill target to be added to the upcoming drill program later in October.”

IMPACT Silver Corp. is pleased to provide an exploration update on continuing rock sampling in the Santa Teresa Area of the Royal Mines of Zacualpan District in central Mexico. Recent results from the El Canelo vein systems at Santa Teresa averaged 6.5g/t gold over a true width of 1.66 meters along a strike length of 50 meters. The system remains open for expansion and parallel vein systems in the area are being mapped and sampled at this time.

Several scheduled upgrades were recently made in the mill processing plant installations, including among others: i) changing of ball mill liners with newly designed liners that allow for the replacement of the past 5″ ball that were being used, with 3” balls, which increases the life of the liners; ii) conducting a review of the primary jaw crusher and initiation of adaptations for the installation of a secondary cone crusher, which will reduce the size of the ore feed to the mill from -7″ to -2″; and iii) revising the cyclones classification system to reduce the circulating load in grinding. These changes are all aimed at increasing the grinding capacity of the mill to facilitate reaching managements target of processing up to 3,000 tpd by the end of 2018.