Category: Exploration and Development

“Gold mineralization from sampling at the La Gloria prospect indicates significant potential for an oxidized high sulphidation gold system at the Cuale project. These encouraging early results warrant rapid advancement to define the full extent of mineralization,” commented Evrim’s Vice President for New Opportunities and Exploration, Charles Funk. “Oxidized high sulphidation deposits are highly valued for their often large tonnages and lower construction costs. Cuale is a new project for Evrim and the extent of mineralization over such a broad area presents an uncommonly compelling prospect.”

J.D. Poliquin, chairman of Almaden stated, “These results again show the potential of the Ixtaca gold silver deposit to grow. As I have stated before, while Ixtaca is a prominent new discovery of gold and silver reserves, we are clearly only at the beginning of the discovery cycle at this project. We have a two-pronged approach. On the one hand we are focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and engineering work and studies on a Feasibility Study are progressing well. At the same time we have in front of us the opportunity for additional discovery and resource growth. We are at the top of a fully preserved epithermal system and over the next several months exploration drilling will also test for additional vein zones beneath alteration elsewhere on the project.”

Thomas Atkins, President and CEO of Mammoth commented on the imminent commencement of drilling, stating: “We should begin our first drill hole shortly and although I doubt we’ll finish the entire program before year end, whatever portion continues into the new year there should be a steady supply of drill results flowing beginning in January and continuing for a number of weeks into 2018.”

Santacruz Silver Mining Ltd. reports that the Company has recommenced operations at its Veta Grande mill located in Veta Grande, Zacatecas Mexico following authorization from PROFEPA and SEMARNAT (Mexico’s environmental regulatory authorities) to do so.

La minera canadiense informó que los dos hombres que murieron el fin de semana durante un choque entre grupos sindicales no eran empleados de una unidad al suroeste de México.

The Company was made aware of an incident that happened this past weekend in the town of Atzcala, about twenty five minutes (15Km) from its El Limon Guajes Mine. During this incident, two men were killed in the course of a dispute. Torex confirms that the two men were not employees of the Company.

Mr. Carlos Espinosa, President, reports “Monarca is very pleased to sign a LOI for the San Jose Property in Chihuahua, Mexico, a friendly and familiar jurisdiction for Monarca’s team and management. After reviewing several investment opportunities, we decided to move forward and sign a LOI for San Jose, an excellent opportunity to diversify our property portfolio.”

“This project is synergistic with Starcore’s goals and presents us with a tremendous opportunity,” said Robert Eadie, President & CEO of the Company. “Not only do we have a huge concession area for expansive exploration, but the project also comes with various permits already in place, including an explosives permit and an environmental impact survey permit. The power line is already installed; social footholds have been initiated in the communities; and the project positions Starcore in another Mexican mining district with great potential for gold and silver. We’re excited!”

Al menos dos trabajadores paristas de la empresa minera Media Luna, ubicada en el municipio de Cocula, fueron asesinados el sábado por la noche, denunció el Sindicato Nacional de Trabajadores Mineros, Metalúrgicos, Siderúrgicos y Similares de la República Mexicana.

The fatal shooting of two workers in an apparent clash between unions at a Canadian-owned mine in Mexico angered labor activists at NAFTA talks on Monday who said the violence was an example of poor labor conditions in the country.