Category: Exploration and Development

J. Duane Poliquin, Chairman of Almaden, commented, “We started drilling again at the Norte zone to follow up an old hole that ended in important mineralisation. The Norte Zone has room to grow from the recently reported intersections. Nevertheless, the extensive geophysical and alteration work we have done in the past show this area to be an offshoot of a much bigger target which may represent the intrusive core of this large porphyry system. This untested bigger target along with the untested Villa Rica zone will be drilled in the weeks and months ahead. To that end, a new more powerful drill was recently built for the Company. It was shipped from Vancouver this week and should be in Mexico within two weeks.”

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on October 31, 2016, of an approximate 550 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Pledge to revive U.S. manufacturing and rehabilitate the country’s aging infrastructure boosts mining stocks.

“Minas Nuevas represents the first of a number of drill targets that we are progressing to the drill stage at La Quintera,” stated Darrell Rader, President and CEO of Minaurum Gold. “Our exploration program has thus far delineated multiple high-grade silver targets and we expect to identify more as we complete the first systematic mapping and sampling program undertaken in this historic district.”

Orex’s President, Gary Cope says, “With two diamond drill rigs being mobilized onto the Coneto Project, we look forward to continuing exploration and advancement with our colleagues at Fresnillo.”

Orex’s President, Gary Cope says, “We are pleased that diamond drilling is once again underway on Sandra Escobar. This next phase will include both drilling adjacent to the current Boleras Silver Deposit, as well as several deeper reconnaissance drill holes.”

JUST as the zinc price hit a five?year high this week, Consolidated Zinc announced preliminary results from regional exploration activities that show very encouraging signs. Zinc moved beyond US$2450/t earlier in the week, even edging towards $2,480/t at one point.

“This is an exciting new step for the company,” Mr Dix said. “While we have seen success from the drilling activity below the existing mine, we have also been keen to progress the regional exploration activity and this first phase has given us great encouragement that the environment is conducive to hosting additional mineralisation.”

El pasado 31 de octubre, la Mina El Chanate, ubicada en el municipio de Altar, Sonora, logró el record de tres millones de horas-hombre sin accidentes incapacitantes; esto representa 667 días sin accidentes. Esta meta se ha cumplido gracias al compromiso y cultura de los colaboradores de Minera Santa Rita junto a sus contratistas Sinergia Obras Civiles y CAT Nuñez quienes mantienen el valor principal de la empresa que es “Llegar a casa seguro todos los días”.

Pete Dougherty, President & CEO stated: “With the receipt of the final major permit for San Agustin and an expected after-tax IRR of 50%, the board approved the construction of the project. We view San Agustin as a low-risk, high-return project where we are able to utilize numerous synergies with our nearby operating El Castillo mine. The El Castillo and San Agustin deposits are very similar geologically, as is the characterization of mineralization. This allows us to incorporate similar mining and processing procedures at San Agustin that we currently utilize at El Castillo.”