Category: Exploration and Development

Fred Stanford, President & CEO of Torex stated: “Enough has already been said about the disruption caused by this union representation challenge and associated illegal blockade. With the recent end of the blockade and now the end of the union representation challenge, we can move forward with an absolute focus on value creation for shareholders and all stakeholders.2018 promises to be a year of many catalysts and the entire team looks forward to delivering on the full value of the asset.”He added, – “Torex has always supported the legally sanctioned, democratic union selection process. We see this Los Mineros Union withdrawal from the union selection process as a tacit acknowledgement that the incumbent CTM Union has the support of the majority of union eligible employees.”

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “Our initial Phase III drill holes in the Babicanora Vein continue to intercept high– grade precious metal mineralization along a drill–tested strike length of 1.5 kilometres. The drill results from the southeast extension of the Babicanora Vein, known as Area 51, show further bonanza grades1, with increased size of the high–grade footprint. For H1 2018, we will continue expansion drilling of the Babicanora Vein, initial holes into Babi Sur Vein, and additional holes into the Las Chispas, Amethyst, Granaditas and other veins. We are systematically drilling only step out expansion holes and working towards an updated resource for Q3 2018.”

“It is great to see the Arista vein system’s mineralization expand again to the northwest and both up and down-dip within this swarm of veins,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. “The known veins in this area had previously pinched down in width and to see them begin to swell again to form a new ore-shoot, along with adding new additional veins, is exciting. We look forward to testing the extensions of both these known and yet to be named veins as the Arista Mine continues to grow.”

Brian Robertson, President and CEO commented, “These initial results for our 2018 Phase 1 drilling program further confirm the expansion potential of the mineralized zones at the Las Minas property. The drilling clearly indicates that the zones extend well beyond the confines of the current Resource Estimate. These results, in addition to previously reported high-grade results for the El Dorado Dike Contact zone bode well for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran and Santa Cruz zones.”

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “It is evident from our underground sampling, that we are hitting the ground running at our Tabasquena silver mine. Which is a ‘shadows of a headframe’ project located near the Milagros mine headframe 6.5 kms away. Using the old underground workings at Tabasquena, we were able to get in to take samples from various different levels in the oxidized zone. Highlights include that, even in the oxide zone of the Tabasquena epithermal vein, we are seeing solid grades. This is not a surprise, as the historical mining by Penoles was confined to the oxide zone.”

Charles Funk, VP of New Opportunities and Exploration commented, “The initial results from this exploration program at La Gloria are very impressive both in terms of grade and size potential. While the hand trenching and mapping give the surface extent of the mineralization, the IP geophysics gives us a sense of that third dimension — depth or more specifically, the extent of oxidation and silicification which are key elements of this deposit type. The IP geophysics highlights a 100 metre deep by 300 metre long high resistivity zone located immediately below the trenches, with a possible feeder zone at depth, and a prospective new zone 400 metres to the west.”

Bradford Cooke, Endeavour CEO, commented, “Our First Quarter production was much improved over last year. As a result, we are on track to deliver higher production and lower costs in 2018 thanks to improved operating performance at each of the three existing mines and the development of our fourth mine at El Compas into commercial production by the end of July.

BACANORA MINERALS LTD. (AIM:BCN) is pleased to provide an update on activities at its flagship Sonora Lithium Project in Mexico. This update is in line with the Company’s objective to commence the construction of a 35,000 tpa lithium carbonate operation at Sonora in H1 2018, targeting first production in Q1 2020. A recently completed Feasibility Study demonstrated Sonora’s potential to become a leading supplier of high value lithium products to fast-growing industries, such as electric vehicles and energy storage. The FS demonstrated strong economics of US$1.25billion NPV; 26.1% IRR; and life of mine gross operating costs of US$3,910/t Li2CO3, which are comparable to those of the low cost brine producers of South America.

Fred Stanford, President & CEO of Torex stated: “We are more than pleased that we can now get back to unimpeded operations and value creation for the Company’s shareholders and all stakeholders. During the first quarter, the quality of the team, and the asset, were clearly evident as they pulled together under very challenging operating conditions and produced 67,000 ounces of gold in Dore. They also shipped 8000 gold ounces in carbon fines.Looking forward, the operations are well positioned to complete the ramp-up in 2018 and to move forward with optimization and development initiatives.” He added; “A special thanks goes out to the employees, community members, community leaders, and so many others who have provided the support that was necessary to facilitate production during this difficult period, and to peacefully resolve this dispute over union representation.”

“We are excited about the strong success of the infill and near-mine drill programs so far in 2018 at both of our properties,” said Darren Blasutti, President and CEO of Americas Silver Corporation. “At Zone 120, eleven of the latest thirteen holes delivered significant mineralization over impressive widths. Zone 120 is becoming a substantial deposit with the potential to become the Company’s next operating mine. At Galena, high-grade strike extensions on the 366 FW and step out success on the 164-168 vein system both on the 4900 level means higher grade near-term production and resource additions in these areas.”