Category: Exploration and Development

Gainey CEO, David Coburn stated, “We are very encouraged by these early high-grade results. We believe that the Las Margaritas system is the epicenter of the El Colomo Project and that, together, they represent a district-scale opportunity for the delineation of a gold epithermal vein system similar in setting to the many precious metal mines along the Sierra Madre belt. Our technical team continues to push hard on mapping, sampling and analyzing the data, which will allow us to move forward with our planned drill program in the coming months.”

We are excited to be moving to the next stage at Margarita. commented Tom Obradovich, President & CEO of Sable Resources. Following our highly successful first round of drilling where we were able to identify thick high-grade silver intercepts, this next round is designed to extend along strike continuity and test the other veins parallel to Margarita. Early indications are excellent with hole M-DDH-19-14 already showing a vein intercept of 12.4m.

The YMP Awards, presented in association with The Northern Miner, to recognize two young mining professionals, a female and a male, who over the past year, and during their careers, have demonstrated exceptional leadership skills and innovative thinking to provide value for their companies and shareholders, as well as for themselves. The YMP Awards are named after two iconic entrepreneurs in the mining industry, Eira Thomas and the late Peter Munk.

CEO John Lawrence said, “The equipment from Reynosa was a major bonus for all operations and will increase capacity while lowering costs. The resumption of production from our North American supplier from an average of 57,002 pounds of antimony per month during 2018 to 128,013 during January 2019 is a major boost in antimony production as well as gold and silver. The testing of the Los Juarez caustic leach of flotation concentrates has been finished with excellent recoveries of gold and silver, and the construction of the cyanide leach circuit at Puerto Blanco is proceeding on schedule. The inventory of 348,985 pounds of contained antimony at the end of January is very large and should provide substantial cash flow once processed.”

Bradford Cooke, CEO, commented, “In recent years, we diversified our growth strategy to include a portfolio of greenfields projects in Chile that have bulk tonnage potential. Our exploration group acquired and explored three attractive new projects to delineate high priority targets for drilling this year. The targets include low sulfidation epithermal silver at Aida, high sulfidation epithermal gold at Paloma and porphyry copper-molybdenum-gold at Cerro Marquez. We are thrilled to introduce today this new pipeline of growth projects and we look forward to drilling them in the second half of this year.”