Category: Exploration and Development

Marcio Fonseca, Goldplay’s Chief Executive Officer, commented: “We are very satisfied with the results of the ground geophysical survey program, supporting our exploration strategy to create a solid foundation for drill target generation to advance exploration on the El Habal Project.”

Candente Gold Corp. (TSXV:CDG) is pleased to announce that Sun River Gold plans to conduct a drilling program to further test the Mexico Mines Tailings Deposit. The drill is currently being mobilized from the USA to El Oro, Mexico and drilling will commence once all approvals have been received from Mexican authorities.

“The Ermitaño West and Aitana veins lie only four kilometres south of the operating mill at Santa Elena and remain to be explored at depth where First Majestic stated it expects to recover higher concentrations of gold and silver, in particular at Aitana,” commented Paddy Nicol, Evrim President and CEO. “First Majestic has announced plans to complete 13,000 metres of infill and expansion drilling at depth at Ermitaño West in 2018, as well as explore the recently discovered Aitana vein.”

High grade zinc assays continue to be obtained from infill and extensional drilling of the Tres Amigos resource. The drill campaign aims to convert inferred to indicated classifications and increase resource tonnages.

“The results from the surface drilling continue to be extremely encouraging. Firstly, they continue to confirm and provide further detail on the extent and continuity of the complex breccia mineralization below the proposed pit,” said Greg McCunn, Chief Executive Officer. “In addition, the hydrothermal breccia structure that lies south of the proposed pit continues to show mineralization over wide intersections near surface and may turn out to be a second mineralized breccia pipe altogether. We are looking forward to seeing the results from the next three drill holes to see how this develops.”

While KORES’s overseas assets will be sold off without exception, the ministry will not set sales deadlines to avoid the erosion of their value. Assets deemed strategically important in terms of metallic mineral supply will be sold to South Korean companies, with the related KORES employees to be laid off during the sales process. The corporation’s Overseas Resources Development Headquarters will remain in operation for a while for the maintenance and management of the assets.

Tawn Albinson, the President of Prospero said: “The limited program we’ve just finished demonstrates that the Pachua SE property hosts a number of blind epithermal veins with silver and gold mineralization; exactly what we’d hoped to see at the property. The discovery validates the science-based strategy we’ve applied to our exploration for blind epithermal targets; a strategy which we’ve implemented in the drilling and generative work with Fortuna. The next step at Pachuca will be additional drilling program to extend mineralization in the veins. “

Azure Minerals Limited is pleased to announce further high-grade zinc and lead assay results from its now-completed resource definition drilling program at the Company’s flagship Oposura Project.

“We are very pleased that the authors of the technical report have validated our exploration model for sediment-hosted copper on the Manto Negro property”, stated Michael McPhie, Prize’s President & CEO. “Our initial work on the property has already returned very encouraging results with high copper and silver grades. We now intend to expand our exploration program to further demonstrate the district-scale and near term production potential of the project.”

As one of the geologists on site commented, “Finding these old mines that have been lost to the jungle for 100 years really has an Indiana Jones feel to it. It’s easy to forget that we’re drilling off a paved road a few kilometers away.”