Category: Exploration and Development

Bradford Cooke, Endeavour CEO commented, “We have made very good progress in enhancing many of the operating parameters and developing our working knowledge of this proposed mine. While we are waiting for the final government permits for Terronera, we will continue refining our studies over the next few weeks, and we plan to release an updated PFS once the permits are approved.”

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration team, lead by geologist Jose de Jesus Parga (former head of Geological Survey of Mexico), is excited to get started with our new exploration program. At the Tabasquena vein, which can be traced on surface through outcrops for 2000 metres, all historical mining was focused on a small portion of the vein at its furthest lateral extent. What makes this such a compelling silver exploration target is that only the oxidized portion of the epithermal vein had been mined in the 1970s by Penoles, no mining or drilling has ever been completed into the sulphide portion…”

Robert Willis, San Marco’s CEO commented, “Our understanding of this new discovery has rapidly advanced in the last three months. We now have a type deposit to use as an exploration guide and we’ve enlarged the field crew to accelerate advancement of the discovery. It’s encouraging to know there are successful mines based on the same deposit type elsewhere in the world. Like Chunibas, Chilean deposits have mineralized zones that can be visually subtle and contain few accessory minerals that respond to indirect survey methods. We need to map and sample outcrop exposures in detail to maximize the effectiveness of a maiden drill campaign. We’re working hard to get that done as quickly and completely as possible.”

Aztec Minerals Corp. recently participated in a Mexican government land lottery and was awarded two new mineral concessions covering approximately 3,149 hectares adjacent to the Cervantes property in Sonora, Mexico. Combined with the 500 hectares currently under option from Kootenay Silver, Aztec’s land position at Cervantes has now expanded more than six fold to 3,649 hectares.

Oceanus Resources Corporation is pleased to announce that it has added 4,465 hectares to its El Tigre claim package. This represents an increase of 20% for a total land package of 26,307 hectares.

Highlights from the December 31, 2017 MRMR statements include:

Mineral reserves of 417,000 ozs gold at 3.94 g/t net of mining depletionsince June 30, 2016
A 34% increase in measured and indicated resource to 511,000 ounces at 4.32 g/t
A 23% increase in inferred mineral resources to 220,000 ozs gold at 4.2 g/t

Luego de realizar una serie de trabajos de inspección en el Río Piaxtla, la Procuraduría Federal de Protección al Ambiente (Profepa), no detectó ningún cambio físico adverso en el cuerpo de agua en el que en días pasados se registró un derrame de solución de cianuro que causó mortandad de peces.

Presentan proyecto ambientalista en San Julián, Guadalupe y Calvo, en el que se prevé la construcción de una presa para utilización sustentable del agua en el proceso de extracción minera. El alcalde Noel Chávez destacó ante la presencia del gobernador Javier Corral, la importancia de los proyectos sustentables en pro del medio ambiente.

The Mexican Superior Court issued a unanimous ruling this week in favour of Nasdaq-listed Odyssey Marine Exploration’s subsidiary Exploraciones Oceánicas (ExO), which overturned a previous denial of ExO’s environmental permit application to extract phosphate sand from its Don Diego project, in the Bay of Ulloa.

Carlos Silva, Santacruz’s COO stated “I commend our Technical Team for achieving this significant milestone ahead of schedule. This new increased milling capacity will allow us to shortly achieve positive cash flow at the Veta Grande operations.” Mr. Silva continued; “Our exploration programs will keep advancing to establish and increase our mineral resources with the eventual plan to further expand mill capacity at this historical silver rich mining district of Veta Grande”.