Category: Exploration and Development

The Phase One drill program consisting of up to 20 holes with a combined meterage of approximately 3,000 m is anticipated to begin in the next month and will prioritize areas associated with the extension of the Nicho Main deposit to the NW and SE, as well as additional holes at Nicho Norte testing continuity into the contiguous Los Verdes claims (Nicho Norte is currently undergoing bulk heap leaching tests to determine optimal crushing sizes for the potential development of a commercial heap-leach mining operation).

Christian Grijalva, San Marco’s Vice President stated, “We are fortunate to have been awarded a mineral concession covering part of what we believe is a district scale, highly prospective mineral endowed region. Preparations are being made to initiate an exploration program to evaluate the potential of Suanse.”

Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) is pleased to announce it has acquired a new mineral license in the Palomas Negros area, a prospect that lies 9 kilometers to the northwest of the main deposit at Sierra Mojada. The mineral license acquired is a 68 hectare historical mineral license that had been cancelled for many years by the Mexican mining authorities, and consequently had no official owner, but had not been released for staking until recently. The license covers an area of historical mine workings which has been followed up by Silver Bull with a channel sampling program targeting a historical 120 meter long by 25 meter wide showing continuous high grade mineralization at surface.

Brian Robertson, President and CEO stated, “The very successful field exploration program of trenching, sampling, and mapping at Changaro has outlined an extensive mineralized zone and provided greater understanding of the structural controls of the mineralization. We are very encouraged by these early results and look forward to drill testing this high priority target,”

Golden’s President and Chief Executive Officer, Warren M. Rehn, notes, “The weighted average of silver grades of the intervals reported here is higher than the previously reported silver grade of the mineral resource at Santa Maria. We expect an improvement in the overall mineral resource and of the economics of the project because of this. We will update the resource and the PEA as expeditiously as possible.”

Taj Singh, P.Eng, President & CEO stated, “First assay results from the sampling program at Puerto Rico validate our thesis that there is a significant amount of mineralization remaining in and around the historic underground workings. The results also indicate impressive continuity of the mineralization over the entire area of workings assayed to date. For the next three months our focus will be to continue to systemically map and sample Puerto Rico. We will have a refined geological model for the Project and a substantial number of high-priority drill targets ahead of our anticipated drilling program in Q3. In addition to the exploration program at Puerto Rico, the detailed mapping and sampling programs at the Minerva and Monclova projects are progressing on schedule with first assay results expected shortly.”

El Seminario Líderes que Transforman la Minería llegó a su fin con la participación de más de 150 integrantes de empresas mineras y contratistas, y tuvo el objetivo de implementar competencias que permitan incrementar el desarrollo personal y profesional a través de herramientas que generen impactos positivos en el personal de empresas mineras, se informó en un comunicado.

Azure secured funding of approximately A$8.2 million (before costs) during the quarter, through a placement to institutional and sophisticated investors to enable the Company to continue fast-tracking development studies at its flagship Oposura project and to fund further exploration of the high-grade, near-surface gold and cobalt mineralisation on the Sara Alicia project.

Con la participación de 174 representantes de minas, empresas proveedoras y contratistas del sector, concluyeron las actividades del 1er. Foro Internacional de Seguridad Integral en Minería realizado en el marco del Día Mundial de la Seguridad y la Salud en el Trabajo que se conmemora cada 28 de abril.

Argonaut Gold Inc. (TSX: AR) reports that the court has rescheduled the hearing pertaining to Argonaut’s explosive permit at its La Colorada mine to May 16, 2018. After a thorough review of previously blasted ore in the pits, ore stockpiles and the ability to mine certain areas without requiring blasting, the Company estimates it has sufficient ore to continue operations until the end of July at its budgeted crushing throughput level of 12,000 tonnes per day.