Category: Exploration and Development

The Canadian mining firm First Majestic Silver Corporation has announced the temporary suspension of work at its México state silver mine La Guitarra, located in the municipality of Temascaltepec.

La empresa canadiense afirmó que la situación económica complica la operación ordinaria de la explotación mineral.

GoGold Resources Inc. (TSX: GGD) announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year. The Company produced 163,991 ounces of silver and 1,630 ounces of gold for 292,273 silver equivalent ounces at the Parral project during the quarter, a 2% decrease from the prior year.

IMPACT Silver Corp. is pleased to announce the discovery of a new zone in the San Ramon mine. The new San Ramon Deeps #2 Zone was discovered through an underground drill program testing the southern extension of the vein system. High-grade silver results have been intersected 100m south of current mining levels of the San Ramon Mine in the Royal Mines of Zacualpan Silver District, central Mexico. The zone remains open for further extension vertically above for nearly 300 meters and to the south.

“During the quarter, the integration of the newly acquired San Dimas mine into our Mexican portfolio was our primary focus,” said Keith Neumeyer, President & CEO. “The world-class San Dimas operation, which contributed only seven weeks of production in the second quarter, propelled the Company to a new quarterly production record of 5.1 million silver equivalent ounces and has become our cornerstone asset and will remain a major focus for the next several quarters as we optimize the operation…”

Colibri Resource Corporation wishes to announce assay results from the last seven holes and two hole extensions completed on its Phase 1 reverse circulation drilling program on its 100% owned Pilar Gold Project in Sonora, Mexico. Highlights include an intersection of 61 meters of 0.75 grams per tonne gold which includes 17.3 g/t over Au over an intersection of 1.5 m in hole JES-18-24.

Rodrigo Barbosa, President and CEO of Aura, stated, “I am proud to announce the restart of Aranzazu. This is a transformational step in the Company’s strategy to generate value and growth from projects that have great potential. The feasibility study shows that Aranzazu will increase the Company’s revenues and EBITDA and the addition of copper concentrate production at cash costs after gold and silver credits of $1.81 USD/lb will provide a more stable cash flow to those generated from our gold mines. The feasibility study has been an extremely thorough process with a focus on cost reduction while maintaining the highest of standards. We are confident that Aranzazu will be beneficial for all of our stakeholders.”

“The promising initial results from our systematic exploration program have led to the discovery of several previously unknown veins which have returned high-grade silver-gold and base metal mineralization,” stated Warren Rehn, President and Chief Executive Officer of Golden Minerals, “and we believe additional high-grade mineralization may well be discovered at Santa Maria. I want to emphasize that Golden Minerals is a debt-free and well-funded company intent on advancing our projects in Mexico and Argentina. In addition to the forthcoming PEA update for Santa Maria, we expect to issue a positive PEA on El Quevar within the next few months.”

The Survey, conducted by Zonge International of Tucson, Arizona, was undertaken to better define targets for a planned drill program. It was comprised of nine lines of IP each 2.0 kilometers long for a total of 18 line kilometers spaced 200 meters apart, covering an area of 1.6 by 2.0 kilometers. The Company will be releasing the results of the Survey in due course as such results become available.

Kootenay President and CEO James McDonald states, “We are very excited by these results that further underscore the inherent potential for new discoveries and to substantially increase the size and scope of our established silver resource. In particular, drilling on Las Carolinas to the south of the deposit hit consistent grades and intervals of silver extending 100 meters on strike and 200 meters down dip. Drilling on the La Borracha Zone located contiguously north of the deposit further confirmed this target’s large bulk tonnage potential, which now extends a full 1,100 meters on strike from the resource boundary”