Category: Exploration and Development

José Antonio Berlanga, Director and CEO, states: “Achieving commercial production at Campo Morado is a major milestone for Telson. When we commenced pre-production activities in October 2017, we provided guidance that we expected to declare commercial production in Q3, 2018. To do so mid Q2, a full 3 months ahead of schedule, is a testament to the tremendous skill and expertise of our mining team and the hard work of our employees….”

“These results clearly indicate that high grade silver vein mineralization, and also silver bearing breccia geology, is evidenced along the full 3 km strike extent of the San Javier structure and the San Javier mineralized corridor. This is very encouraging for geological prospects and vein continuity along trend in the northeasterly direction, and suggests potential for a robust high-grade and vein hosted mineral endowment.” Stated Hub Mockler.

Marcio Fonseca, Goldplay’s Chief Executive Officer, stated, “We are extremely excited with the start of drilling on an attractive exploration project located in the vicinity of historical high-grade historical gold-silver Rosario mine.

Riverside’s President and CEO, John-Mark Staude, stated: “We are encouraged by the exploration results obtained at the Canasta target which we acquired with partner Centerra Gold through the Mexico concession lottery system. The soil survey and rock samples have provided positive results that encourage Riverside to continue with drill target definition. We look forward to further exploration work being done at the Project leading to a potential drilling campaign later in the year.”

Igor Gonzales, President and CEO of Sierra Metals commented “Management are pleased with the updated reserve and resource report. The upward conversion of resources and an 83% increase in reserves which averages 19 g/t silver, 0.86% copper and 0.25 g/t gold or 1.14% CuEq** improves the mine life at Bolivar to more than seven years at the current throughput levels when compared to the previous estimate filed in April 2017.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration team, is very enthusiastic about what we have encountered with the first hole drilled into the sulphide zone of the Tabasquena epithermal vein. We have prepared a cross section of the discovery drill hole, as well as a plan map, and are including images of the entire intersection of the sulphide zone of the Tabasquena vein…”

Azure’s managing director Mr. Tony Rovira stated: “It is pleasing that the assay results from the final drilling into the East Zone at Oposura identified additional high-grade mineralisation close to the existing underground mine tunnels. The extra drilling that the Company undertook into the East Zone has also significantly improved our understanding of the geometry of the deposit, enabling more detailed mine planning to be undertaken. These results provide the Company with scheduling optionality for early stage open pit and/or underground mining.”

Minera Alamos Inc. (TSX VENTURE:MAI) is pleased to report that it has now completed the second phase of its bulk testing heap-leach activities at its 100% owned Santana gold project in Sonora, Mexico. The Company is now performing a full review of the leaching results as part of if its final project evaluation prior to making commercial production decisions for the project.

Taj Singh, P.Eng, President & CEO stated, “First assay results from the sampling program at Minerva corroborate our field observations that there is a significant amount of silver, lead, and zinc mineralization in and around the Minerva intrusive complex at surface and compelling evidence for mineral potential at depth. For the next two months our focus will be to continue to systemically map, sample, conduct geophysics, and plan for drilling at Minerva.”

Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. The core drilling program will consist initially of 1,650 meters in seven holes, ranging from 150 to 250 meters in depth. These holes will target the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects.