Category: Exploration and Development

En la ciudad de Zacatecas el director de la industria Fernando Alanís y Octavio Alvidrez de Fresnillo PLC, inauguraron las actividades donde participan 237 trabajadores de 16 secciones sindicales.

Kootenay President and CEO James McDonald states, “Results from the first 11 holes of the program confirm RAM is an entirely new silver discovery and development of this mineralized structure will remain a top priority for the Company. The strength and consistency of veining within the structure bodes well for the discovery of further silver resources at depth and along both strike directions. Drilling returned good continuity of silver grades across a 400-meter strike length and widespread silver mineralization was encountered in all but two of the eleven holes, confirming the structure’s large-scale potential. Moving forward, the close proximity of the RAM structure to our established La Cigarra silver resource offers excellent potential for future shared infrastructure and economies of scale, as we continue to develop RAM and advance our main La Cigarra deposit towards the economic stage.”

“The installation and commissioning of this equipment is part of our ongoing upgrade of the Veta Grande milling facility,” stated Arturo Préstamo, President and CEO of Santacruz. “As a result metal recoveries are now approximately 70% and 88% for silver and lead respectively reporting to the lead concentrate, with an additional approximate 14% recovery of silver to the zinc concentrate. We anticipate further increases in the silver recovery as we continue to fine-tune the system. Our next step is to begin work on fabricating and installing a zinc thickener and filter press of equal capacity which is scheduled for completion in Q1 2017.”

Drill assays from Hole 21 (RC16CT-21) has returned a high grade silver intercept from surface. This further enhances and confirms the continuity of the southern Loop mineralisation. At 35m width this intercept serves to define a confirmed high grade shoot within the broad and continuous mineralised structures of the Mojardina Loop.

Mexus Gold US along with its JV partner MarMar recently decided that the best option for gold recovery at the Santa Elena mine will be a Merrill Crowe system. The decision to use this system instead of Electrowinning was made in part because a Merrill Crowe system will allow Mexus the opportunity to scale the recovery plant as production increases. Mexus now plans to ship a 400-600gpm Merrill Crowe plant from its Walnut Grove shop to the Santa Elena mine site. This plant was purchased by Mexus in 2014 and had been readied for use when needed. The recovery plant has been disassembled, loaded, and is ready to be shipped around November 27th.

La minera Excellon Resources Inc., informó que están conformes y acatarán la resolución del Tribunal Unitario Agrario del Distrito Sexto de Torreón, Coahuila, sobre el conflicto agrario entre esta compañía y el ejido La Sierrita, en relación al acuerdo de derechos de superficie sobre las mil 100 hectáreas de terreno montañoso y no arable al oeste de la mina La Platosa, en Durango.

“We are pleased with this resolution, which under the circumstances is a just decision by the Agrarian Tribunal,” stated Brendan Cahill, President and Chief Executive Officer. “We continue to make meaningful cooperative investments in our local community of Bermejillo and look forward to re-engaging with the Ejido La Sierrita on fair and transparent terms in due course.”

Managing Director Will Dix commented “the new intersections to the south of our modelled mineralisation continue to support the Company’s view that significant base metal resources exist down dip and down plunge of the mine development. These new results will be incorporated into our initial resource estimate due out next month and provide additional targets for immediate follow up. This and the recent regional exploration results have provided the impetus for a re-think on capital management and the decision to focus our cash in the ground rather than accelerating the restructure of the project ownership at this time.”

Bradley Langille, CEO, stated “We are reaffirming our production target of 400,000 to 500,000 silver equivalent ounces for the quarter, and the recent changes to the Parral heap leach should significantly impact future production.”

Santacruz Silver Mining Ltd. announces the results of its resource estimate for the Panuco silver deposit located in Zacatecas, Mexico. The Panuco deposit is situated within Santacruz’s Veta Grande project area and is located approximately five kilometers north of the Company’s Veta Grande Mine and mineral processing facility. The deposit is accessed by paved road and is characterized by modest relief at an average elevation of 2300 meters above mean sea level. The Veta Grande project consists of 184 mining concessions covering an area of 8,944 hectares (22,101 acres) in the Zacatecas Mining District, Mexico.