Category: Exploration and Development

Greg Crowe, President and CEO, comments: “Both La Frazada and Penasco Quemado are past-producing silver rich mines that have never been tested for their full mining potential. These initial surface and near-surface proposed exploration programs will aid us in garnering a better understanding of the controls on and distribution of silver mineralization. This will allow us to better delineate drill targets designed to evaluate the potential of these silver rich systems”.

GoGold Resources Inc. is pleased to announce that it has started the construction of the first phase of the vat leach plant at its Santa Gertrudis Gold Project located in Sonora State, Mexico as part of a feasibility study. The civils contractor was mobilized in early October and the initial earthworks for the main plant area, where the vat tank structure will be placed, are being prepared.

Southern Silver Exploration Corp. reported today that funding has been approved by Electrum Global Holdings L. P., as Optionee, and final preparations are underway for a US$2.0 million, 2016-17 exploration program on the Cerro Las Minitas Project, Durango, Mexico.

Kootenay President and CEO James McDonald states: “We are very pleased with Pan American’s work and the results to date from the first 11 holes of the program. The confirmation of multiple high-grade intercepts of silver mineralization at depth is a significant development and further indicates potential for the silver resources to be amenable to both open pit and underground exploitation. We are also very pleased that based on the encouraging results achieved to date, Pan American is extending the program by a full 2,000 meters until the end of the year.”

MX Gold Corp. is pleased to announce a binding agreement with Gracepoint Mining Corp., a subsidiary of Firma Holdings Corp. to acquire a 50% interest in the Magistral, Del Oro tailings project, which is located within the “Golden Triangle” in Santa Maria Del Oro, Durango, Mexico.

Almadex Chairman, J. Duane Poliquin commented, “These results further show the potential of the El Cobre project to host a significant gold-rich porphyry system. The Norte zone is one of four well defined porphyry centres within a very large zone of porphyry related alteration. We look forward to following up this exciting intercept with further results from our ongoing aggressive drill program focused on the goal of defining a new gold-copper resource in Mexico.”

Luis Castro, Vice President of Exploration, commented, “These in-fill drill results continue to confirm high grade silver-gold mineralization over substantial true widths in the Terronera vein. The deposit is still open for expansion at depth and to the southeast, and we now have high priority drill targets identified in several other mineralized, subparallel veins to the north of the Terronera vein.

“Americas Silver had a strong operating quarter while continuing to execute on cost containment, positioning us favourably for growing operating cash flow going forward. Silver and silver equivalent production was driven by a strong operating quarter at the Galena Complex,” said Darren Blasutti, President ?and CEO of Americas Silver. “The San Rafael Project in Mexico is progressing extremely well, projecting to be on schedule and under the capital budget. San Rafael will be a significant generator of operating cash flow going forward, fueling the Company’s earnings and cash flow growth in late 2017 and beyond.”

In summary, Prospero has restarted work programs on its 100%-owned projects. Management is currently prioritising and ranking the Company’s key projects for joint venture. The Company has also submitted permit applications to drill the Matorral target at Santa Maria del Oro.

El clúster, que dirige Alfredo Phillips, director en México de Torex Gold, nació en mayo de 2014 por iniciativa de la Secretaría de Economía junto con proyectos similares en Sonora, Durango y Sinaloa