Category: Exploration and Development

Telson Resources Inc. is pleased to inform shareholders that the Campo Morado mill clean up and refurbishment is nearing completion with underground mining operations being ramped up utilizing two jumbo drills and additional haulage trucks that have mined and delivered approximately 25,000 tonnes to the coarse ore patio.

“Acquisition of the SDA Mill will transform Magellan into a production company and will be an exciting development for our shareholders,” stated CEO Pierce Carson. “Our strategy following the acquisition will be to resume processing operations, build production and increase cash flow.”

Al menos cuatro personas sin vida fue el saldo de un incendio parcial en la mina La Encantada de la empresa First Majestic Silver Corp en el municipio de Ocamp, Coahuila.

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to see partner funded drilling commence at Clemente and look forward to the results and potential for new discoveries at the Project. Riverside is a Silver Viper shareholder and will receive additional cash and share payments if the option agreement progresses towards earn-in, with Riverside also retaining a 2% NSR on the Project.”

“We are extremely excited to begin exploration on a target-rich project that has never been drilled before. We have a great technical team in place and look forward to developing our understanding of the Clemente project through our maiden exploration program, ” said Steve Cope, CEO of Silver Viper.

United States Antimony Corporation reported plans to increase Mexican mine production at three of its four mines in the next 30 days. USAC production is in a “sold out condition” and additional raw material is needed for the USAC smelter at Madero, Coahuila, Mexico.

A cinco años de su creación, son ya 82 las compañías afiliadas al Clusmin, “hemos avanzado mucho en un periodo muy corto de tiempo, el resultado se ve en estas juntas con la participación activa de todos, con el interés y la voluntad que se necesitan para que logremos lo que la minería requiere”.

Kootenay Silver President & CEO Jim McDonald states, “Drilling at Las Venadas was successful in identifying what we believe is a very significant new silver zone with potential to add to the La Cigarra silver resource count (see news releases August 30th, 2017Anchor and August 15th, 2017). Obviously we are looking forward to the follow up drill program on the new discovery once the current program is complete. Meanwhile we are excited to get the first ever drill holes into the La Navidad Zone, which offers considerable exploration upside given it’s similarities to the San Gregorio part of the deposit just 500 meters to the west.”

Brian Robertson, President and CEO stated, “The Phase 2 diamond drilling program marks the next phase of expanding the resource at the Las Minas project. We will be drilling three high-priority targets with known mineralization and well defined geophysical targets. It is becoming increasingly evident that there is a significant opportunity to expand the current resource as well as extend the footprint of the known mineralized zones.”

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.”