Category: Exploration and Development

Commenting on the quarterly performance, Chief Executive Officer, Greg McCunn, said, “The San Francisco mine had a very strong first quarter of the year with gold production ahead of guidance due to operational improvements made in the crushing and leaching circuit resulting in better gold recovery and the initiation of a project to recover gold from a previously closed leach pad. While these improvements are expected to allow us to achieve the upper end of our annual guidance of 70,000 to 75,000 ounces for 2017, we are continuing to re-engineer our life-of-mine plan for San Francisco and expect to publish the updated plan this quarter. We are excited about the potential to improve upon the existing plan for 2018 to 2022.

Levon Resources Ltd. announces that it plans 5,000m (28 core holes) in close spaced, infill drilling within the Cordero Felsic Dome portion of the 2014 Cordero resource, to test for near surface, high grade mineralization within the modeled open pit containing the 2014 Resource, calculated by Independent Mining Consultants. Preparations for the drill program are being completed for an April 2017 start up.

Since September 15, 2016, when Marlin began consistently mining the high grade HS Zone, the Company has stacked 79,302 ounces of gold with 19,844 coming in 1Q17 alone. The tonnes stacked in 1Q17 had an average grade of approximately 1.74 grams per tonne. In addition, Marlin has an approximately 185,000-tonne stockpile of mineralized material remains with an average grade of approximately 0.80 grams per tonne. Management expects to process grades similar to the average stockpile grade as we accelerate mining to reach the southern part of the high grade HS Zone by the end of 2Q17. This is an improvement to prior estimates of reaching the southern part of the HS Zone by 3Q17.

Bradford Cooke, CEO of Endeavour Silver, commented, “We look forward to getting the green light to develop Terronera into our fifth mine. The main mineralized zone is relatively shallow, steeply dipping, thick and high grade, which at today’s metal prices should generate reasonably robust economic returns. The two-stage development plan starts at 1,000 tpd and expands to 2,000 tpd, which allows us to finance and build a smaller mine, then expand it once the mine is generating positive cash flow. We consider the exploration potential to make new discoveries and expand the resources at Terronera to be very good.

Brian Robertson, Chairman and CEO of Source Exploration, commented, “We have achieved significant progress with the drilling program due to the high proficiency of the KDL drilling crew and our geological team and support contractors at site. This drilling program will allow us to complete an initial mineral resource estimate as well as identify prospective targets for additional work.”

Kootenay President and CEO James McDonald states, “We are very pleased with results from the final holes of our 2016 drilling program on La Negra with Pan American Silver. The consistent confirmation of multiple zones of high-grade silver mineralization within a 600-meter strike length of the breccia, remaining open at depth, supports further work on the Promontorio/La Negra project. Upcoming exploration and drilling by Pan American Silver will focus on defining the potential size of the magmatic hydrothermal silver-lead breccia and testing additional targets.”

Enel S.p.A., a través de su subsidiaria de renovables en México, Enel Green Power México, comenzó los trabajos de construcción de su planta de energía solar fotovoltaica Villanueva de 754 MW en Viesca, en el estado de Coahuila. Villanueva es la planta solar fotovoltaica en construcción más grande del continente americano y el proyecto solar más grande de Enel en todo el mundo.

Golden Minerals Company announces that Minera Hecla S.A. de C.V. has exercised its right to extend the lease of Golden’s oxide mill in Durango State, Mexico for an additional 18 months, through December 31, 2018. Additionally, Golden announces its filing of the National Instrument 43-101 compliant mineral resource estimate for the Santa Maria silver and gold project, under slightly amended terms from those announced in February 2017.

Torex Gold Resources Inc. is pleased to announce a, CIM Definition Standards compliant, mineral resource estimate for its Sub-Sill deposit of 324,000 Inferred gold ounces and 89,000 Indicated gold ounces, at a cut-off grade of 2.5g/t Au. The Inferred resource is contained in 1.33 million tonnes at an average Au grade of 7.58 g/t. The Indicated resource is contained in 353,000 tonnes at an average Au grade of 7.82 g/t. The Sub-Sill deposit is located in close proximity to the Company’s ELG processing plant in Southwest Mexico and remains open in several directions.

The Rico Litio lithium property, One World Minerals Inc’s flagship property, located in the State of California Baja Norte, Mexico, has entered phase two of an exploration program. Logistical preparations are underway with field crews on the property within three weeks and concluding with a 4000 metre (13,000 foot) drill program to be completed by the end of June 2017.