Category: Exploration and Development

“Our Hermosillo-based exploration team, headed by noted geologist Mel Herdrick, is currently defining targets throughout the Cerro Caliche concessions for a reverse circulation drilling program scheduled to begin during the second half of 2018,” said Kenneth MacLeod, President and CEO of Sonoro. “The drilling program is being designed to verify the earlier data and to expand the scope and scale of the gold resource indicated in the Corex report.”

Orla Mining Ltd. (TSX VENTURE: OLA) is pleased to provide the results of a positive Preliminary Economic Assessment and a mineral resource estimate on its 100% owned Camino Rojo Project located in Zacatecas State, Mexico. The mineral resource and PEA support a technically simple open-pit mine and heap-leach operation that offers low capital and operating costs, rapid payback, and strong financial performance.

N. Eric Fier, CPG, P.Eng and CEO, remarked, “With this discovery of the Babicanora Norte Vein, we continue to show the increased potential for more near-surface high-grade mineralized veins. This is now the 11th high-grade vein we have discovered in the district. This vein is located adjacent and parallel to the Babicanora Vein which contains a majority of the maiden resource estimate. We recently identified this untested vein and strategically drilled it for high-grades which were discovered in our second drill hole (BAN18-02, intercepting 1.5 metres grading 9.11 gpt gold and 1,033.3 gpt silver, or 1,716 gpt AgEq*). This successful strategy required projecting the known high-grade footprint of the adjacent Babicanora Vein along with geologic constraints to the untested Babicanora Norte Vein. With six drills currently operating, we continue to aggressively drill-test the Babicanora Norte Vein and several other untested veins using the model of “Nature of Multiples”; that is, find one high-grade footprint in a vein and apply the same controls to the next nearby vein.”

La construcción del proyecto Juanicipio, iniciará después de ser aprobado por el Consejo de Administración, se pretende arrancar en los próximos dos a tres meses.

“Our priority is the safety and security of our personnel. We have been monitoring the situation, and with the recent incidents that have occurred along the access roads, we have determined the prudent course of action is to suspend personnel movements to and from the mine until the roads are safe for our employees,” said Michael Steinmann, President and Chief Executive Officer of the Company.

El secretario general de Gobierno, Sergio César Alejandro Jáuregui Robles, señaló que esta tarde se realizará una nueva reunión con la empresa canadiense Pan American Silver Corporation que opera la Mina de Dolores, en el municipio de Madera, a fin de evitar el cierre permanente de sus actividades.

“Project Fenix shows that El Gallo has the potential to be retooled to produce silver and gold for years into the future. The current heap leach gold mine would transform first to a mill and process the residual heap leach pad material, then additional mill modifications would enable processing of silver and gold ores from four other deposits. This plan depends on innovative in-pit tailings disposal that we think is a win-win for all stakeholders. Over the coming quarters we intend to advance environmental permitting and refine our plans with a feasibility study before making an investment decision next year,” said Rob McEwen, Chairman and Chief Owner

Pan American Silver Corporation ordenó el cierre de operaciones y el inmediato desalojo de la Mina de Dolores, la cual opera en el municipio de Madera, derivado de las condiciones de inseguridad en la zona serrana del estado de Chihuahua.

Canasil President & CEO, Bahman Yamini, commented: “We are pleased that drilling has resumed at La Esperanza; the project covers a large area hosting multiple vein systems with potential for high-grade silver-gold-zinc-lead mineralization. The main La Esperanza vein, where the recent and current drill programs have been focused, demonstrates signs of a strong mineralized system and has consistently returned wide high-grade intercepts from drilling to date. This vein has only been tested over a limited zone along the potential strike of the vein at a relatively high level in the system. There should be excellent opportunities for expanding the mineralized envelope along strike and to depth.”

Taj Singh, P.Eng, President & CEO states, “Additional assay results from our sampling program at Puerto Rico continue to highlight the high-grade nature and strong continuity of mineralization in the historic underground workings at Puerto Rico. Our mapping and sampling program is progressing well and we continue to be on pace to have drill-ready targets in Q3.”