Category: Exploration and Development

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside is pleased to be working with partner Centerra Gold to develop new high-grade gold targets at the Glor Project. We look forward to moving toward a drill decision and appreciate the rapid and collaborative efforts between Riverside and Centerra geologists. We expect to have an active fall field program at Glor and continue outlining additional targets in anticipation of potential drilling before year-end.”

As the International Seabed Authority moves to permit the mining of unique deep-sea habitats, calls grow for it to disclose secretive deliberations about the environmental consequences of extracting valuable minerals from the ocean floor.

“These remarkable results confirm our belief in Platosa’s potential and our ability to use targeted exploration to add high-grade mineralization to the mine plan,” stated Ben Pullinger, Vice-President, Geology. “We have delineated a sizeable new zone of mineralization near existing mine workings that connects and expands the high-grade 623 and Guadalupe South mantos and which may be accessed before the end of the year.”

J. Duane Poliquin, Chairman of Almadex commented, “We are pleased to once again demonstrate the potential for the Norte Zone to expand with continued exploration. The results today confirm that the zone remains open to the northwest.”

Brad Langille, President and CEO of GoGold stated, “We are very pleased to announce this Transaction with Agnico Eagle. We believe it demonstrates the value generated and progress made at Santa Gertrudis by the GoGold team since acquiring the Project in 2014. Agnico Eagle has a strong track record of advancing and developing projects and we believe GoGold shareholders are well positioned to benefit from the future potential of the Project through our retained royalty. The Transaction will enable GoGold to significantly strengthen the Company’s balance sheet through repayment of our senior revolving credit facility, position the Company well as the Parral Tailings project ramps up to its full potential, while also allowing us to continue to pursue further opportunities in Mexico and beyond.”

Francis R Biscan, GracePoint Mining Corp Chairman & CEO states: “We believed that one of the most critical aspects of the Magistral project was the selection of the right contractor for the re-building and expansion of the processing plant. We have been doing business in Mexico for over 11 years, and I can confidently say that Componentes Mineros SA DE CV is one of the best companies that we have worked with, not only for the competent work they are doing, but also for their personal and professional commitment to the project.”

Alonso Lujan, Vice President Exploration at Sierra Metals stated: “The assay results have positively confirmed the existence of higher grade copper mineralization with an average copper equivalent grade of 2.55%. This will help to increase head grades at the mill when this material is included in the future mine plans. The assay results have also provided the necessary data needed to update our current resource base for the Bolivar mine. The update is planned for completion in Q4 2017 He continued, “We believe the Bolivar mining district has an attractive potential for further exploration success”

Commenting on the drilling, Azure’s Managing Director, Mr Tony Rovira said, “These intercepts have confirmed the high-grade tenor of the mineralisation, and the significant widths of the overall mineralised zone are very positive for the mining studies currently underway. Visually we recognised large quantities of sphalerite and galena in the drill core and it’s very encouraging that the assay results have confirmed the presence of high metal grades.”

“This resource increase is another step along the path we initially outlined with our objective to identify a viable resource for short term cash flow. Tres Amigos is shaping up really well and the excellent metallurgical results support this. The Carola South and Las Espadas areas are underexplored and we plan to target them for the next resource update in 2018. In the meantime our focus is on completing the Scoping Study and reviewing our options for the recommencement of mining at Plomosas utilising the on site plant and excellent underground infrastructure.” Mr Dix said.

Mike England, president of Alix, stated: “We are very pleased with the results of the recent RC drill program and the ongoing metallurgical studies, directed by our partner Lithium Australia. With a focus on outlining higher grades in the West Flank zone and the encouraging beneficiation strategies, it is our objective to define an economic lithium resource, similar in grade and size to that of the Bacanora/REM La Ventana deposit.”