Radius has granted to Pan American the option to earn up to an initial 65% interest in the Amalia Project by making cash payments to Radius totaling US$1.5 million (of which US$100,000 has been received) and expending US$2 million on exploration over four years. Pan American may earn an additional 10% by advancing the property to preliminary feasibility. Initially Radius will be the project operator.
Since the closing of the transaction between Minera Alamos and Corex Gold in April the Company has aggressively advanced the Santana projects engineering work culminating in our recent submission for these permits. We have received extremely positive community support for our plans and based on currently available information we anticipate the receipt of final approvals later this year. stated Darren Koningen, CEO. Construction could begin in Q1 2019 with Santana the first of three planned operations in our development pipeline.
Con la intención de explotar la Mina Rampa Siglo XX, los empresarios mineros se han dado a la tarea de convencer a los habitantes de la comunidad El Cedro para que sean reubicados.
“We are excited by the grades and widths returned by the first two holes ever drilled in the Margarita Vein”, stated Ruben Padilla, VP Exploration of Sable Resources. “These results clearly demonstrate that we are at the right erosional level with good preservation of the best part of the veins starting right at surface and still open at depth. We will continue the systematic drill test along the 1.6 km of known extension of the Margarita vein and along the other three veins identified within the property limits.”
Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces that near mine exploration drilling along the Calicanto, Santa Fe and Misie-Karla vein systems on the Calicanto property in Zacatecas State, Mexico continues to intersect high grade silver-gold mineralization along strike and down dip of positive drill results reported last year. The Calicanto property is located within close proximity to the El Compas Mine, and has the potential to provide further growth opportunities for the new mine.
This vein intercept is at a vertical depth of approximately 225 metres below surface, located 50 metres below and 25 metres step-out to the SE from drill hole ES-17-16. This wide vein intercept is the southeast extension of the La Esperanza vein and is located in an untested area that is below previous drilling. The entire vein structure appears to be preserved over the 14.11-metre intercept in this zone and this opens the southeast extension of the La Esperanza vein for additional drilling along strike and to depth, which is very encouraging.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, We continue with our successful Phase III expansion drill program with further high-grade silver-gold intercepts in multiple veins at Las Chispas. This most recent drilling of the Babicanora Norte Vein intercepted native silver, silver oxides, and fine-grained free gold in several holes along an estimated strike length of 900 metres, expanded from the previous 200 metres. We now have identified 30 epithermal veins on the Property with a total cumulative strike length of approximately 20 kilometres, of which 5 kilometres have been partially drilled and only 3.5 kilometres were included in the maiden resource. We are currently step-out drilling with nine core rigs at the Babicanora Norte, Granaditas, Luigi and Babicanora veins, including the Area 51 southeast extension. We are systematically working towards an updated resource in Q3, 2018.
Brian Robertson, President & CEO, stated, Our ongoing field exploration work continues to deliver high-grade assays from historical mines and well as new discoveries within the Changarro La Perdida area. These results from several widely-spaced localities clearly demonstrate that the highgrade mineralization is extensive and appears to be structurally controlled similar to the El Dorado Dike Contact zone.
Mexus Gold US (OTCQB:MXSG) today gave an update on its operations in Mexico. The information provided was compiled by Mexus geologist, Cesar Lemas, who is providing the necessary data from the companys multiple properties.
President Lawrence Page Q. C. stated The identification of a significant low sulphidation epithermal, precious metal system at CLM West when added to the existing skarn-hosted mineral resources of the project would greatly enhance the prospects of the overall property and highlight the true district-scale potential of the Cerro Las Minitas Project with potential contributions from two distinct geologic systems
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