Category: Exploration and Development

Aura Minerals Announces First Shipment of Concentrate at the Aranzazu Mine

Rodrigo Barbosa, the Company’s President & CEO commented, “We have built a high-performance team at Aranzazu that is encompassed in our new management standards and procedures and is meeting all our goals. We are very pleased to complete an additional milestone at Aranzazu and expect to declare commercial production on time and within budget.”

Galore Resources Inc. – Mining at Los Gemelos Commences

Galore Resources Inc. is pleased to announce that mining for gold at Los Gemelos has begun. All necessary permits have been received and approved. Galore entered into a 5-year contract with URBYASA to mine and extract available gold at Galore’s 100% owned Duraznillo Ranch, which includes the Los Gemelos and Duende 7 claims in the prolific Conception Del Oro district. URBYASA’s independent decision to proceed with mining was not based on a feasibility study of mineral reserves demonstrating the economic or technical feasibility of the project.

Multiple Veins Return Significant Tahuehueto Assays

Antonio Berlanga, CEO, states “The assay values returned, confirm the excellent ore quality and potential of Tahuehueto. Selective Cut and Fill mining methods to be used during mining operations will ensure the high quality of mined ore, minimize dilution and help deliver low mining cost. This along with an innovative mine design that is significantly reducing the required underground development that was envisioned in previous studies, is sure to allow the Tahuehueto Mine to maximize future profitability for the benefit of all Telson stakeholders including employees, local communities and shareholders.”

Oposura Scoping Study Delivers Outstanding Economics

Commenting on the Scoping Study, Azure’s Managing Director, Mr Tony Rovira said: “The completion of this Study with its very positive project economics represents a key milestone for the Company. We’re immediately progressing into the Feasibility Study stage with the intention of developing Oposura into the Company’s first operating mine as swiftly as possible to take advantage of the strong zinc thematic.”

Alamos Gold Entrega Centro Educativo a las Comunidades de Matarachi y Mulatos, Sonora

El pasado 10 de Octubre de 2018, la empresa Minas de Oro Nacional, filial de Alamos Gold, hizo entrega a la comunidad de Matarachi y Mulatos, ubicadas en el Municipio de Sahuaripa, Sonora, de un Centro Educativo que cuenta con aulas para kínder y primaria totalmente equipadas, casa para los maestros, oficinas educativas y canchas deportivas, con todos los servicios de agua potable y electricidad, así como todos los materiales escolares necesarios para elevar la calidad de la educación de la niñez de estas poblaciones, vecinas a la operación minera de Mulatos. La inversión en este proyecto fue de $20 millones de pesos, financiada en su totalidad por Alamos Gold, con el fin de apoyar a una educación de calidad a los niños y niñas de esta región.

Magna Gold Corp. Announces Definitive Agreement for Proposed Qualifying Transaction

Magna Gold Corp. is pleased to announce that it has entered into an arm’s length option agreement dated September 25, 2018 with Beatriz Delia Yepiz Fong, an individual resident in the Sonora State of Mexico. The Agreement is subject to regulatory approval. The Proposed Transaction will constitute the Corporation’s qualifying transaction pursuant to Policy 2.4 — Capital Pool Companies of the TSX Venture Exchange.

Fortuna reports heavy seasonal rains caused an overflow in a contingency pond of the dry stack tailings facility at the San Jose Mine, Mexico

Fortuna Silver Mines Inc. reports that in the early morning of October 8th, abnormally high rainfall caused a contingency pond to overflow at the dry stack tailings facility at the San Jose mine located in Oaxaca, Mexico. The contingency pond collects water from a ditch system at the dry stack facility designed to capture and manage rain water. The Company wants to emphasize that no industrial process water was discharged in this incident and that the San Jose operation uses a cyanide-free process to produce concentrate.

Drilling Intersects Additional Near Surface Copper Mineralization – Samalayuca Property, Chihuahua State, MX

VVC’s Chairman, Dr. Terrence Martell pointed to the results from the GEEZ drilling as further confirmation of the potential of the Company’s Samalayuca Copper Property and added: “We have two more zones to drill in this campaign, the trapezoid-like area in the Suerte and Juliana zones and around the old Concha pit. So far the results of this campaign have validated our hypothesis regarding the significant potential of the Samalayuca Copper Project.”

Minera Alamos Drills 93.5 Metres of 0.65 g/t Gold From Surface at Santana Project

“In addition to near-term production potential, a criteria for all of the projects in the Company’s development portfolio is that the concession areas contain significant exploration upside. While we have been aggressively pursuing production permits our exploration team has been working in parallel to expand geological models and target high priority areas for resource expansion potential.” stated Darren Koningen, CEO of Minera Alamos. “These very encouraging drill results at the Santana project are the start of an ongoing exploration program designed to demonstrate the significant untapped value contained in our development assets”.

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