Category: Exploration and Development

Mexus Gold US along with its joint venture partner, MarMar Holdings, today announced that they have produced gold in dore form as a result of its ongoing operation at the Santa Elena mine. Mexus CEO Paul Thompson added, “This is a monumental step for Mexus and MarMar as we have met our initial goal which was to get the Santa Elena mine into production. The finances of gold sales will be released in our quarterly reports but we will keep our investors informed as key financial goals are met. The ore we are currently placing on the heap leach pad is averaging 2 grams per ton with an expected recovery rate of 76%. We know now that the high grade near surface material we are mining will result in a lower overall cost of production.”

Dan Omeniuk, MX Gold Corp. Chairman & CEO said: “Our team is passionate about the Magistral project! We are pleased to see the project advancing on schedule, with the plant operational, by this November. We are also glad to see the continual growth in the price of Gold since the acquisition of the project.”

Late in the night on Thursday, September 7, 2017, an earthquake with a magnitude 8.1, according to the U.S. Geological Survey, struck off the southern coast of Mexico. The earthquake had no effect on operations in Zacualpan. Post-earthquake inspections at the mines and processing plant reported no damage and there were no disruptions to operations.

Glenn Jessome, President and CEO of Oceanus reports, “The high-grade gold-silver-base metal mineralization in the Protectora, Caleigh and Fundadora Veins is an exciting new development on the El Tigre property. The results from the mapping and sampling of the underground workings present a series of high priority drill targets for this fall over a 2 kilometer strike length north of the old El Tigre Mine.”

“The first phase of the La Yaqui Mine was brought into production in eight months, a significant achievement and indicative of how quickly we can develop these types of deposits. Alamos will apply this same approach as we look to grow and develop La Yaqui Grande and other targets within the Mulatos district,” said John A. McCluskey, President and Chief Executive Officer.

Golden Minerals Company is pleased to announce the start of a new drill program at its Santa Maria silver and gold project located near Santa Barbara in Chihuahua State, Mexico.

“The grassroots exploration program at Yarely this year continues to expand the scalability of the camp” states, Randy Reifel, President. “Several significant prospects are being advanced and will be systematically drill tested. A greenfield discovery in this district would greatly impact and provide leverage for Metates future development”.

“We are very pleased to work with such a uniquely capable remote sensing company,” commented Craig Dalziel, Oroco President & CEO. “Auracle is an ideal choice for Oroco given Auracle’s unique scientific expertise along with their first-priority data acquisition relationship with satellite operators MDA and DigitalGlobe. The custom program Auracle has developed for Oroco offers a highly cost-effective method in prioritizing exploration targets with exceptional accuracy. Combining our geological team with Auracle’s proprietary data fusion algorithms presents an ideal opportunity for Oroco to effectively expedite its exploration and acquisition plans.”

President Lawrence Page, Q.C. stated that, “Our exploration team has excelled in advancing the Cerro Las Minitas project this year through the discovery and delineation of an additional deposit which is open for further exploratory and definition drilling. We are very keen to soon receive a current Resource Report which will be accretive to the March 2016 Report and will incorporate data from the +13,000 metres of additional drilling completed in 2017.”

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.”