Category: Exploration and Development

This 300m step-out extends the potential strike length of the interpreted La Plata vein system to approximately 2km. Given the significant surface results reported to date this prospect is now the subject of detailed drill planning. It is important to note that surface channel widths along the interpreted strike length have been limited to accessible outcropping so future drilling will seek to confirm to what extent this high grade surface mineralisation occurs over wider zones at depth.

“Pre-production processing at the Atocha Mill site is continually improving our recovery methods and procedures”, states Antonio Berlanga, CEO of Telson, “We have achieved average recoveries from Tahuehueto ore of 83.5% gold, 89.3% silver, 86.1% lead and 85.4% zinc plus significantly better separation of zinc from our lead concentrates and overall higher concentrate grades then we experienced earlier this year in our original industrial scale bulk sample processed at the Andes Mill.”

Akiba Leisman, Executive Chairman and Interim CEO states that “San Cristobal is a district scale target. The first limited drill program successfully tested our thesis that HQ core does positively reconcile to RC drilling, similar to what we have experienced at the Taunus pit. The next steps at San Cristobal include regional exploration utilizing core drilling and detailed geological mapping with the objective of turning this target into a large scale deposit. “

“We are very pleased with the success of this drill program which began in September, 2016. These remaining results support the continuation of the extensive Avino Vein system, and provide further confidence that should allow us to go underground to develop this area for mining. We are also encouraged by the notable assays that demonstrate that this is a new gold rich area that has been untouched in the past. Furthermore, we are excited to have commenced drilling on three additional areas of mineralization at the Avino property, where there may be potential to expand the resources.” David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.

Reflecting on Millrock’s current exploration activities, President and CEO, Gregory A. Beischer, stated: “During the industry downturn Millrock moved boldly to grow its property portfolio. Now that metal prices and investor sentiment have improved, we are ramping up exploration efforts significantly. With robust drilling budgets now in place, we have a good chance to make a discovery that will benefit all Millrock shareholders.”

Glenn Jessome, President and CEO of Oceanus reports, “The high-grade gold-silver-base metal mineralization in the Caleigh Vein is an exciting new discovery on the El Tigre property. Our exploration team is mapping and sampling the underground exploration tunnels in advance of drilling the new/y discovered Caleigh Vein and the Protectora Vein”.

Allan Barry Laboucan, President and CEO of Alset said: “This program at La Salada was the first chance for Alset to carry out a significant drill program to get a better understanding of the chemical compositions in the near surface brines as well as soils down to an average of 14 metres. An important attribute of our salars that became very clear was the cost of exploration compared to similar work in remote locations. We are experiencing the benefits of good roads and power that will continue to enhance the project as we move forward to do more testing to better understand the potential of La Salada and our other salars. In the event of a mine being built the infrastructure will continue to enhance the economic potential.”

Bob Willis, San Marcos CEO stated, “Our core drilling, the first on the property, has allowed us to recognize a new Intrusive related gold breccia system, the magnitude of which is unknown at this time. The area will be remapped to determine the surface extent of the breccia. Our widely spaced Phase I drill holes indicate the breccia is open to depth and laterally in all directions. While we need to understand zoning and other possible controls on gold emplacement in order to target the best areas in future drilling, we are highly encouraged that most core containing breccia assayed to date exhibits at least anomalous (greater than 50 ppb) gold values. It will be exciting times as we work to define the magnitude of the system, refine and better understand the geological model and locate zones of mineralization with economic interest. San Marco is taking this discovery very seriously and has engaged a team of experts who will immediately create and execute an aggressive exploration program. We are targeting mid-September for the completion of a definitive go forward plan”.

Golden Minerals President and Chief Executive Officer Warren M. Rehn commented, “With nearly $5 million in the bank and a steady income stream projected from the lease of our oxide plant, Golden Minerals is poised to re-emerge as a silver producer in Mexico. We are continuing exploration at our Santa Maria project with excellent potential for additional resources along the strike of the vein system on our newly acquired ground. We are very pleased that Ing. Martinez has joined our team, adding his extensive operational expertise and Mexico experience. Our sulfide mill in Velardena remains in excellent condition, ready to operate, and Ing. Martinez will be evaluating potential operating scenarios for near term production either from our Velardena mines or other nearby sources. And finally, the recent drilling success at our Celaya project bodes well for the future as our partner continues drill testing.”

Akiba Leisman, Executive Chairman and Interim CEO of Marlin states that “this acquisition is a great transaction for both companies. Marlin gets to acquire an advanced exploration asset in one of the most prolific mining jurisdictions in the world for an attractive price, and Santacruz emerges as a debt free silver producer. The potential of Gavilanes is substantial, and we are proud to use the full extent of our technical and financial capabilities to advance the project and add substantial value to Marlin shareholders.”