Category: Exploration and Development

“With the granting of this MIA, Telson is now fully permitted to build its planned Tahuehueto Mine and we intend to initiate construction of the mine immediately upon securing the necessary funding. Our funding efforts are at an advanced stage having received three separate offers from off-take concentrate purchasers and negotiations are in progress to finalize the project’s capital expenditure funding. While there can be no assurance that we will obtain the required funding, we are confident that we will be able to come to a satisfactory arrangement with an off-take purchaser” states Telson’s CEO, Antonio Berlanga.

Endeavour CEO Bradford Cooke commented, “Third quarter production showed continued improvement over the second quarter production on a consolidated basis. Both Bolanitos and El Cubo are on track to meet or beat their operating plans for the year. Guanaceví’s performance is now rebounding with grades up in Q3 and our forecasted throughput up for Q4, targeting 1000 tpd by year-end.

Fred Stanford, President & CEO of Torex stated: “The signing of this 25-year land lease agreement achieves another important milestone along the path to the development of the Media Luna project. I commend the Ejido members and our community relations team for conducting productive negotiations that quickly delivered a mutually beneficial outcome. Now we can all look forward to the next stages of project development, and the tremendous potential this project offers to create value.”

– All approvals granted for diamond drilling at Oposura and Sara Alicia

– Drilling expected to start on both projects within a week

– Two drill rigs at Oposura will enable resource estimation in early 2018

– Sara Alicia drilling to test high-grade gold-cobalt mineralisation

Prospero Silver Corp. is pleased to announce that it has received final TSX Venture Exchange approval of the option to own agreement between the Company, its Mexican subsidiary Minera Fumarola, S. A. de C. V., and Exploraciones del Altiplano, S.A. de C.V. The Option Agreement provides the Company with an option to earn a 100% right, title and interest in and to Altiplano’s Buenavista claims located in Durango, Mexico, subject to the reservation by Altiplano of a 2% net smelter return royalty.

Harvest Gold’s’ President and CEO Rick Mark stated: We are very pleased Cascarita has shown indications of grade and size that deserve our immediate attention and look forward to adding it to our initial drill target list. We are now reviewing the initial results from the soil and adit sampling and mapping programs over the main Cascaron gold vein field and will be producing those results for the market shortly”

Kootenay President and CEO James McDonald states, “We are very pleased with Pan American’s work and the continued high-grade results achieved from the current infill drill program on La Negra. Assays continue to support the grades and widths encountered in previous drilling, further demonstrating the consistency and continuity of the high-grade silver mineralization contained within the resource. We are excited and look forward to Pan American completing the remaining 1500 meters of the program and additional metallurgical work.”

“Production at the San Francisco mine for Q3 and the nine months ended September 30 was 19,429 ounces and 67,488 ounces, respectively,” said Greg McCunn, Chief Executive Officer. “The third quarter was expected to be the most challenging period in the 2017 mine plan as we finished mining Phase 1 of the La Chicharra pit and had not fully completed the stripping of Phase 5 of the San Francisco Main pit. However, we did manage to source alternative ore to keep the crushers full and have now opened Phase 5. In addition, a second mining contractor has been mobilized to commence the pre-stripping of Phase 2 of the La Chicharra pit giving us more mining flexibility and capacity heading into 2018. Looking ahead, we remain on track to achieve our annual gold production guidance and have tightened the range to between 88,000 to 90,000 ounces.

Brian Robertson, President and CEO stated, “We are excited by the intersection of mineralization beyond the current western limit of the El Dorado/Juan Bran zone. The intersection not only convincingly expands the scale of the El Dorado/Juan Bran zone westward and beyond the current footprint of the El Dorado/Juan Bran zone, but also validates the results of the TDEM survey, proving it to be an effective geophysical method for identifying mineralized zones at Las Minas. We look forward to more drilling to further expand the El Dorado/Juan Bran zone and test conductors at the Cinco Senores and Las Minillas zones.”

Santana Minerals Limited (‘Santana’) is pleased to report highly encouraging results from initial metallurgical test work carried out on composite samples from three drill holes from the Mojardina Prospect at the Company’s flagship Cuitaboca Project. This preliminary testwork resulted in very high silver recoveries using both direct leaching and rougher flotation tests, suggesting the ore is highly amenable to conventional processing methods for silver recovery.