Category: Exploration and Development

J. Duane Poliquin, Chairman of Azucar commented, “We continue to advance our understanding of the Norte zone with the ongoing drill program. With our current understanding we have been able to plan holes to test for deep high grade mineralisation and to step out beyond the current known mineralisation. We look forward to reporting results as the program continues.”

Kootenay Silver Inc. is pleased to report that Aztec Minerals Corp. today announced high gold recoveries were achieved by cyanide leach analysis of five drill holes from the California porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico. The drill holes were selected from a northeast to southwest fence to represent the following main types of mineralization: oxide, mixed oxide-sulphide, copper enriched, and sulphide.

“We are very happy to see such high gold recoveries using the ALS-Chemex cyanide leach analysis, a clear indication that the precious metals in the gold oxide cap of this newly discovered porphyry gold-copper system are amenable to leach processing”, commented Joey Wilkins, President and CEO. “We plan to conduct more detailed metallurgical test-work on both leach and flotation recoveries in order to more fully un-lock the mineral potential of the California zone but these positive leach results are a great start.”

Un total de 240 trabajadores de la mina El Cubo serán despedidos, debido a la baja producción que proyecta tener el próximo año la empresa Endeavour Silver Corporation, de acuerdo con una revisión anticipada. La mina reduciría sus tres turnos a uno solo por día en 2019.

Due to the current short mine life at El Cubo, the Company plans to reduce the production rate in 2019 to approximately half its 1500 tonne per day capacity, at higher operating costs than 2018, while continuing to explore for new reserves to extend the mine life. More details will be provided when Endeavour releases its 2019 consolidated production and cost guidance in January.

Brad Langille states, “We are committed to the health and safety of all of our workers and the community. We have reached the milestone of one million hours with no loss time accidents, during which time Parral was in full operation. I would like to thank our team at Parral for their continuous commitment to safety. We are very proud of this achievement and will continue to have a commitment to zero accidents”.

Magellan Gold Corporation, a U.S. based mining and exploration enterprise focused on silver and gold, today announced it has reached preliminary agreement to toll treat mineralized material utilizing the Company’s SDA Mill at Acaponeta, Nayarit State, Mexico. A private third-party supplier will be responsible for sourcing the mineralized material and delivering it to the mill. Test processing of an initial bulk sample of approximately 1,000 tons is expected to commence during December 2018.