Category: Exploration and Development

J. Alberto Arias, Chairman of the board of Sierra Metals, stated “we are delighted to have progressed discussions with Jinchuan to formalize of a memorandum of understanding and we are looking forward to accelerating the development of the Bahuerachi project in partnership with Jinchuan. We expect to be able to take advantage of the synergies in our operations at Bolivar, sharing our expertise and local know-how. We value our relationship with Jinchuan and foresee further growth opportunities for both companies working together in Mexico and Latin America.”

“We have produced excellent concentrates from of our first Tahuehueto ore preproduction at the Atocha Toll Mill achieving a significant overall increase in concentrate grade from previous concentrate production. Atocha milling has produced an average 42% lead concentrate containing 121 g/t gold and over 1 kg of silver/t plus an average 55.8% zinc concentrate with payable gold and silver contents ,” states Antonio Berlanga, Telson’s CEO, “and recoveries of all metals have also been significantly increased with total average payable recoveries of 83% gold, 89% silver 81.5% lead and 85% zinc. These current results have exceeded our expectations, markedly surpassing the results achieved beginning of this year from the Initial Bulk Sampled processed at the basically equipped Andes Mill.”

San Marco Resources Inc. announces the results and recommendations of recent exploration on its 1068 Project. The Project is an undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program.

“As metal prices rebound our strategic focus has been to continue to define and improve the Cordero Resource. We expect the 2017 drill results will extend an Au enriched sulphide zone from the Diatreme into the Dome that will have a positive effect on economic projections in the continuing starter pit analysis. The 2017 Resource infill drilling also adds to our exploration understanding of the deposit. Our next step is to provide a 2017 43-101 compliant Resource update to the market and continue the starter pit evaluation toward producing Preliminary Economic Assessment. We are pleased with the 2017 drill results and the improving metals market, which fit our plans to improve Levon shareholder value. We believe Cordero, our 100% owned key asset, is a remarkable project with upside continuing to be realized” says Ron Tremblay, President and CEO.

Neil Woodyer, CEO stated “We have been steadily advancing the development of the Bermejal Underground as an expansion project at our Los Filos mine, and the start of the portal and ramp is a significant achievement within our initial six months of ownership. The contribution from underground mining at Bermejal will add approximately 150,000 ounces per year to the operation and bring the combined production rate to 350,000 ounces per year once fully operational.”

Juan de Dios Magallanes, director de Minas de la Secretaría de Economía de Gobierno del Estado precisó sobre el proyecto minero de la empresa canadiense Oro Silver Ltd., que informó el pasado 13 de septiembre la alcaldesa Judit Guerrero López se asentará en la capital del estado, que sí se trata de la reactivación de la mina El Compás que se ubica en la comunidad de El Orito, y que tuvo su más reciente actividad de explotación hace 30 años.

El 20 de Septiembre del presente año, Mina El Chanate, de la empresa Minera Santa Rita, filial del corporativo Alamos Gold, Inc., ubicada en el municipio Altar, Sonora, logró el record de 1,000 días sin accidentes incapacitantes. Esta meta se ha cumplido gracias al compromiso de Minera Santa Rita y de sus contratistas Sinergia Obras Civiles y CAT Núñez quienes mantienen el valor principal de la empresa que es “Llegar a casa seguro todos los días”.

Summary of week’s progress at the Magistral del Oro Project, Chihuahua

Fresnillo plc is deeply saddened by the terrible earthquake that struck Mexico on 19th September 2017. The Company’s thoughts and sympathies are with all of those affected by this tragedy.

San Marco Resources Inc. announces the results and recommendations of the recent Chunibas Project exploration program. As noted in the Company’s news release dated August 9th, 2017 regarding the Chunibas property, the discovery of breccias in the recent core drilling program has lead to the re-mapping of surface outcrops property wide, re-logging of the core, and generation of a revised exploration program based on the new, larger porphyry-related breccia gold model/target. As a result of this recent geological work, drilling is recommended, following a few additional surface exploration activities outlined below.