Category: Exploration and Development

En un comunicado, Alejandra Carlos, gerente de evidencias y manejo de la Coespris, señaló que la planta de osmosis inversa, instalada para obtener agua potable para el consumo humano, al igual que las fuentes de agua que abastecen a la población, en ningún momento se encontraron comprometidas y de acuerdo con las revisiones de campo, presentan condiciones aceptables para su consumo.

J.D. Poliquin, chairman of Almaden stated, “When low sulphidation epithermal precious metal deposits are formed, metal bearing fluid rises from depth, filling fractures with quartz, calcite and precious metal minerals. In the highest mineralised areas of the system, the same fluids can be dispersed through multiple smaller fractures to form a sheeted vein zone or swarm such as we have at the Main Ixtaca Zone. The veinlets that comprise the Main Ixtaca Zone individually carry very elevated gold and silver grades, but as they are spread out within a broad area of limestone host rock, the overall average grade is lower. To have a completely preserved system as at Ixtaca is exciting but unusual as many epithermal vein systems in Mexico have been eroded down to the feeder veins where base metals are often abundant, making them by metal content lead and zinc deposits with high precious metal credits. The intercepts reported today further demonstrate the potential for large tonnage sheeted vein zones, as well as bonanza feeder vein zones below. Our 2017 exploration drill program is targeting both.”

Southern Silver Exploration Corp reported today on its surface float sampling program for the newly acquired Biznagas and Los Lencho claims located contiguous to the larger Cerro Las Minitas property, Durango State, Mexico.

Neil Woodyer, CEO stated “ When we acquired Los Filos three months ago, we anticipated that it would take us approximately six months – Q2 and Q3 – to transition the mine and to operate it in the way we believed it should be. We also expected, that during this transition phase, we would plan the development of the Bermejal Underground mine expansion project. We are now half-way through this period and we have made very good progress. Furthermore, we now expect significant production and cost improvements will be reflected in the results of Q4 and onwards.

“This marks the second exploration alliance Evrim has entered into with Newmont since the Trans-Mexican Volcanic Belt program in 2012”, commented Paddy Nicol, Evrim’s President and CEO. “Combining Evrim’s generative knowledge and capabilities with Newmont’s exploration and BLEG expertise has proven effective and reliable in the assessment of large tracts of ground. Leveraging partner expertise and co-funded capital are the hallmarks of a successful value generator business and forging repeat business with major partners such as Newmont is an indication of Evrim’s execution in growing a high-quality property portfolio”.

Neil Woodyer, CEO stated “these drilling results show the consistency of mineralization along the contacts of the Bermejal intrusive and sill. Infill holes are tightening up the drill hole spacing and will enable an upgrade of the resource classification. These holes are also filling in gaps in the resource model which, when combined with the step-out holes, will increase the overall mineral resource. To date, 18 of the 20 holes drilled have intercepted high-grade mineralization – this high success rate also indicates the potential for both the consistency and expansion of the deposit. In addition to the drilling program, Leagold is also progressing with engineering studies in preparation for underground development. Work to date confirms that Bermejal is a valuable mine development project that will enhance production and extend mine life at Los Filos”.

“Platosa is dry,” stated Brendan Cahill, President and Chief Executive Officer. “The completion of the optimization plan at Platosa marks a significant milestone in Platosa’s history and we now have a system fully implemented to eliminate the major bottleneck on production going forward. With dry operating conditions, our immediate goal is a smooth transition to materially higher rates of production and a return to an industry-leading cost profile in the coming quarters.”

Harvest Gold’s’ President and CEO Rick Mark states: “We are very pleased that the Evrim team has literally hit the ground running and that Phase 1 is underway. As well, our geological team has now reviewed all historical data on the project and have identified at least six areas for follow-up. Today’s release provides investors more detail on these targets.”

Brian Robertson, President & CEO, stated “The mineralization controls at Las Minas are similar to the Guerrero Gold belt, which is the site of the Los Filos and Morelos gold deposits. In both areas, the high gold values are associated with intrusive hosted systems, with initial high magnetite/hematite fluid flows mobilizing the gold mineralization, followed by later stage precipitation of the magnetite. We anticipate that the ground magnetic geophysical survey will identify potential gold/magnetite extensions to the highgrade mineralization intersected in step-out hole LM-17-CS-04 as well as elsewhere at Cinco Senores.

Allan Barry Laboucan, President and CEO of Alset said: “Management has been impressed with the success we have had with the exploration of our original group of salars. As previously reported from the work on our original group of salars we have found high-grade lithium-potassium in some of those salars, they are in a mining friendly jurisdiction with excellent infrastructure. Alset currently has a large number of brine and soil samples being processed, the company decided that this would be an appropriate time to acquire further salars in the area. We are fortunate to be involved in a sector that will be crucial for the energy industry with lithium needed for energy storage and having the bonus of potassium crucial for the production of fertilizers needed for farming in Mexico. With our new acquisitions, we will have a 100% interest in a group of salars that span an entire province.”