Category: Exploration and Development

Robert Macdonald, Vice President of Exploration stated “The identification of such a thick interval of new copper-enriched mineralization in hole 17CLM-098 is tremendously encouraging and continues to further highlight the potential to both expand the current and develop new mineral resources on the margin of the Central Intrusion.”

The program, operated by Pan American, will total approximately 4,055 meters of core drilling over 25 holes. Drilling will focus on brownfield targets and consist of primarily infill drilling as well as step out holes to depth.

The Company is highly encouraged by the overall results of the drill program at Mojardina with a new zone of mineralisation identified at the southern extent of the structure and expansionary drilling below Evangelina and Las Animas confirming mineralisation remains open at depth and along strike. Each of the three RC drill programs undertaken at the Mojardina prospect have added significantly to its advancement and delivered material results that confirm the potential for a near surface, bulk tonnage silver resource.

En vísperas de celebrar mañana 11 de julio el Día del Minero, autoridades universitarias y de la minería nacional, realizaron la inauguración del “X Diplomado en Prevención de Riesgos de la Industria Minera 2017”, evento que tendrá como sede la Universidad Autónoma de Zacatecas (UAZ).

Telson Resources Inc. is pleased to announce that it has entered into a mineral processing agreement with Compañia Minera de Atocha, S.A. de C.V., the owner of the Atocha mineral processing plant for the processing during 2017 of at least 21,000 tonnes of Tahuehueto ore.

Very high grade zinc and lead mineralisation has been identified from mapping and sampling of newly identified Las Espadas area in the northern extension of the mine

CEO John Lawrence said “We are excited about the Los Juarez gold, silver, and antimony estimated recovered values of $127.06 per metric ton during the recent milling campaign. Completing the process in Montana will reduce Capex and expedite the start of the project. Mexican antimony production and BRZ zeolite sales are anticipated to increase to provide cash flow for the leach plant.”

The San Rafael zinc-lead-silver underground mine is a brownfield mine being developed in the Cosalá mining district in Sinaloa, Mexico. Americas Silver Corporation (formerly Scorpio Mining) is developing the mine. Construction of the mine started in October 2016 and the first concentrate is expected to be produced in the third quarter of 2017. The mine is expected to produce approximately 1Moz of silver, 50 million pounds (Mlb) of zinc, and 20Mlb of lead over the initial mine life of six years.

“Continuing with our plan to focus on our producing assets within the Company, management has made the decision to divest the Gavilanes Project,” stated Arturo Préstamo, President and CEO of Santacruz. “The Company is transitioning into a multi-mine Mexican silver producer that we expect will generate solid cash flow as we grow. The monetization of Gavilanes would allow us to further improve our operations on the Company’s two producing assets, and, once completed, will serve to fulfill the remaining obligations under the JMET, LLC facility, thereby unencumbering the Company’s assets.”

Galore Resources Inc. wishes to update shareholders on its exploration program. In its news release of May 4, 2017, the Company announced commencement of drilling at its San Jose claim, but since that time the driller encountered many mechanical issues. Ultimately, Galore was forced to abandon the first hole of the drill program and decided to discontinue drilling at this claim.