Category: Exploration and Development

Bradford Cooke, CEO of Endeavour Silver, commented, “We look forward to commissioning El Compas as our fourth operating mine over the next two months. Following the commissioning phase, the mine should generate robust economic returns at current metal prices because the two known mineralized zones ,El Compas and El Orito, are relatively shallow and high grade. The operation is very scalable if we discover new orebodies or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to increase plant throughput to more than 500 tpd.”

“We are excited to partner with Coeur on the Sarape project, and this transaction represents our seventh active exploration partnership” commented Evrim’s CEO, Paddy Nicol. “Like the Ermitaño project, Sarape exhibits large outcropping veins up to six kilometres in length and has never been drill tested. The exploration of Sarape to date has focused on the recognition of textures within the veins at surface which commonly occur above concealed high-grade ore-shoots.”

Commenting on the upcoming drilling campaign, Azure’s Managing Director, Mr Tony Rovira said, “Our first drilling program at Sara Alicia returned one of the thickest and highest-grade cobalt drill intersections reported from anywhere in the world in 2017.”

El pasado 1° de febrero a las 5 p.m. la mina sonorense El Chanate, de Alamos Gold, cumplió 5,000,000 de Horas Hombre sin Incidentes con Tiempo Perdido, equivalentes a 1,135 días o 3 años y 39 días, un logro nunca alcanzado en ningún sector económico en Mexico y pocas veces visto en el mundo. John McCluskey, CEO de alamos Gold, declaró: “Este es el fruto de fomentar entre todo el personal que labora en la familia de Alamos Gold una actitud de liderazgo a favor de la seguridad en el trabajo, con miras a fijar permanentemente el compromiso de cuidarse personalmente y proteger a sus compañeros. Muchas felicidades por este resultado ejemplar”.

Mexus CEO Paul Thompson added, “The Santa Elena results to date are disappointing. We were expecting to be producing a significant amount of gold by now. I’m hopeful that MarMar will get the job done as we know that there is gold on the leach pad and on the property in general. I will get updates to our shareholders as we receive additional information. I’m optimistic that MarMar has the right staff on site to get the gold from the leach pad. We are pushing forward with our other properties and the outlook for these is extremely promising. You can see that our first target is the Ures property. Getting production from this property will give Mexus the much needed revenue stream to allow for a build out on all of our properties.”

Antonio Berlanga, CEO of Telson, states “Management is very pleased with the results of our Tahuehueto preproduction toll milling program. We are consistently producing excellent lead concentrates above 46% lead with high precious metal content averaging 122 gAu/t and over 1,200 gAg/t, while zinc concentrate grades are averaging above 48% Zinc…”

Kootenay President and CEO James McDonald states, “We are very pleased to launch the first phase of our 2018 drill program on La Cigarra. Our recent successes identifying two new silver discoveries (RAM and Las Venadas) and multiple new priority targets, along with the identification of a potential new emerging gold trend, clearly underscores La Cigarra’s immense potential within one of Mexico’s premier mining districts.”

Riverside’s President and CEO, John-Mark Staude, stated: “Our drilling at the Puerto El Alamo target with partner Centerra explored for low-angle shear structures similar in nature to those controlling the El Chanate and other multi-million ounce gold deposits in Sonora. We are disappointed given all of the positive geologic and geochemical indications that we did not hit a gold-rich structure, but we still believe the project holds excellent exploration potential. We look forward to further exploring the San Pedro and La Joya targets where there is remaining gold discovery potential. We are pleased to continue working with Centerra as a partner and hope to add additional land tenure in the coming months.”

Azure is currently designing a drilling program to follow-up these positive results by testing for along-strike and down-dip extensions and the depth potential of the high-grade gold and cobalt mineralisation. Preparation of the required environmental applications is in progress.

Kenneth MacLeod, President and CEO of Sonoro commented, “I have had the privilege of being a close friend of Gary for over 30 years and all of the directors and staff at Sonoro forged close bonds with Gary over many years of working together in Mexico and Canada. Gary’s enthusiastic leadership and dedication have been a constant source of inspiration for the entire Sonoro team. We are greatly saddened by Gary’s passing and offer our condolences to his family as they celebrate his life and mourn his passing.”