Category: Exploration and Development

La empresa canadiense Pan American Silver Corp. informó que mantiene progresos en la expansión de sus minas mexicanas La Colorada y Dolores, lo que le permitirá aumentar su producción de plata.

“These drilling program results confirm the existence of high-grade silver mineralization and demonstrate a significant potential for our operations at the Cusi Mine. We are currently following up on this initial drilling program with an in-fill drill program to move the assay results into a measured mineral resource category which will be included in an updated mineral resource estimate for the Cusi mine expected to be released early in the fourth quarter” stated Alonso Lujan, Vice President Exploration at Sierra Metals. “Intercepts such as those returned in Holes 6, 14, 15 and 28 are characteristic of high grade epithermal deposits. Additionally, there is further potential to expand the exploration success at depth and along strike at the Santa Rosa de Lima zone as well as with other zones including the San Rafael Vein, San Nicolas Vein and the Bordo Fault. We look forward to further potential discoveries as we continue to explore the Cusi Mine district.”

“To say I’m excited about this assay would be an understatement. This result confirms what we had already stated- the Julio vein is rich in gold! The results from this vein will fluctuate but it’s important to keep in mind that we will also be digging in high grade zones as we work the shear wall. Getting Cesar involved is a real game changer for all as he knows this property extremely well. I would also like to add that our investors need to focus on our press releases for a source of information. Anything else is speculation or has been extrapolated from conversations I may have had.” added CEO Paul Thompson.

FIRST MAJESTIC SILVER CORP. is pleased to announce that it has reached a tentative agreement with the National Union of Miners, Metallurgists, Steelworkers and Similar Workers of Mexico, to restart operations at the La Encantada Silver Mine in the state of Coahuila, Mexico. In the coming weeks, the Company will undertake a phased restart of operations.

Primero Mining Corp. today announced an update of activities at its operating mines, the San Dimas gold-silver mine located in Durango, Mexico and the Black Fox mine located near Timmins, Ontario, Canada. Primero continues to see operational improvements at both of its mines, and the Company remains on-track to achieve its 2017 production guidance of between 140,000 to 170,000 ounces of gold equivalent.

Pete Dougherty, President & CEO commented: “Drilling results in both the North and South Target areas, along with the known wedges of economic mineralization that were unavailable to us prior to the Fresnillo concession purchase by reason of mineral concession boundary alone, indicate strong potential to expand the current pit limits and extend mine life. The positive drill results lend solid support for our acquisition of the Fresnillo concession and our vision of creating a meaningful, flagship asset at the El Castillo mining complex which will include the El Castillo and San Agustin deposits.”

Sonoro Metals Corp. is pleased to announce that it has received the balance of the $4,000,000 proceeds from Agnico Sonora, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited, for the sale of the Company’s Chipriona project in Mexico under an assignment agreement, details of which were disclosed in the Company’s news releases dated December 14, 2016 and December 22, 2016.

Riverside Resources Inc. has regained a 100% interest in the Thor Copper Project, as the Company’s joint-venture partner, a subsidiary of Antofagasta plc, has elected not to complete the C$5M in exploration expenditure required to earn a 65% interest in the Project. The Thor Copper Project is located in north-eastern Sonora along the main copper producing belt of Mexico. Riverside and Antofagasta completed an initial proof-of-concept drill program to test for a Laramide aged porphyry-intrusive system. The first four drill holes ever drilled at Thor confirmed the concept, with three of the four drill holes intersecting a large Laramide-aged porphyry style quartz-sericite-pyrite stockwork system. The initial drill holes did not return sufficient gold or copper assays for partner Antofagasta to continue, but the limited drilling that was completed was successful in hitting alteration and providing support for further exploration.

“We are pleased with the operation of the plant and progress to date on the permitting front,” stated Robert Archer, President & CEO. “We have had extensive discussions with all stakeholders regarding the permitting requirements and we are optimistic this will be favourably resolved in the coming weeks. We still expect to be able to process all of the ore stockpiled during the shutdown through the balance of 2017. Furthermore, the higher ore grades of the stockpiled ore put us in good position to meet our 2017 production guidance.”

High grade zinc in Tres Amigos North area confirmed in holes LV5016 and LV5018;

Final assay results returned grades over intercepts of 1.5m @ 26.92% Zn+Pb, 52.05g/t Ag and 1.85m @ 32.88% Zn+Pb, 11.07g/t Ag

Confirms potential for repetitions of ore grade mineralisation associated with the Juarez Limestone;

Drilling is ongoing to determine the scope and geometry of the mineralisation.