Category: Exploration and Development

Kiran Patankar, Geologix’s President and Chief Executive Officer, stated: “Restarting substantive field work at Tepal is a significant milestone for the Company. Few gold/copper development projects can boast an established economic resource with the kind of scalability and exploration upside we are seeing at Tepal. We have assembled a technical team led by Gillian Kearvell, whose extensive and successful track record of making world-class discoveries in Southern Mexico is bona fide, in order to take a fresh look at the project. The initial findings from this summer’s field program are highly encouraging and suggest that we have just scratched the surface of Tepal’s true potential.”

Ismael Mata Alvarado, Mayor of Santa Maria Del Oro, said: “We are very excited to be the home of one of the next great processing facilities in Mexico. We have seen excellent work and construction of a state of the art production plant. Working with the Magistral Project management team has been a pleasure. Our beautiful city of Santa Maria Del Oro has already benefited from the project, and as the project moves towards completion, it is already becoming clear that it will have a significant impact on our community.”

Bradford Cooke, CEO of Endeavour Silver, commented, “These encouraging drill results continue to extend the resource envelope in the Santa Cruz vein at Guanaceví along strike from our current reserves and operating production areas. Another 15 drill holes have been completed and are in the lab for assaying. The 2017 drill program will wrap up this month below budget and ahead of schedule. We will then commence the process of the year-end resource and reserve estimation.”

Tim Barry, President, CEO and director of Silver Bull states, “This program will aim to extend our known zone of sulphide mineralization. Spatially this zone sits below the oxide resource at Sierra Mojada and is interpreted to be an extension at depth. There is potential for this area to be a feeder zone which emplaced the flat lying “manto” ore body which forms the current resource defined at Sierra Mojada.”

Kootenay President and CEO James McDonald states, “The grades and characteristics of mineralization encountered 140 meters away from hole CC-17-26 further supports the large-scale nature and potential continuity of the new zone. We are looking forward to further drill testing of this exciting new discovery.”

Igor Gonzales, President and CEO of Sierra Metals commented: “The discovery and exploration of the Santa Rosa de Lima zone is an important advance in uncovering Cusi’s silver asset value. It confirms the existence of a high-grade silver deposit that will contribute to the growth of the Cusi Mine and to higher silver revenues for Sierra Metals.” He continued, “The Santa Rosa de Lima zone has the potential to transform the current operations at the Cusi Mine and offers even greater potential going forward, as the positive exploration results in our step out drilling campaign have demonstrated. Currently, we have ramped down to the zone and are now planning and developing for the inclusion of this ore in the mine plan at Cusi.”

“Telson’s management team is very happy with the rapid progress we have made at Campo Morado since acquiring the project just over two months ago which has allowed us to work continually towards last week’s restart of underground mining operations.” States Antonio Berlanga, Telson’s CEO, “With the full support of local communities, municipal and state authorities, newly formed mining union, and our mine site personnel, we are well ahead of our originally planned schedule and hope to have a large stockpile of mill throughput available to start continuous milling and the mining operations in the near future.”

Se fugaron desechos del tiro general de la Mina Fresnillo PLC, no se reportan afectaciones a la población, ni a los trabajadores.

“We are very excited that after a long period in the permitting process the Company has begun drilling at Samalayuca. Helped by the positive magnetic survey results, we are looking forward to drilling results,” said James Culver, CEO of VVC.

Jim Williams, Chief Executive of Arian, commented: “The drill programme progressed well despite initial delays caused by unseasonably wet weather, which impacted ground conditions for drilling. The results of the programme should be available within three to four weeks and I look forward to reporting the results at that time.”