Category: Exploration and Development

States Kootenay President and CEO James McDonald “We are very pleased to proceed with our drill program on La Cigarra and the highly prospective nearby RAM target. This is a key drill campaign that will aid us in our goal of expanding known resources with focus on understanding and expanding high-grade silver zones extending from within the La Cigarra resource prior to proceeding with a Preliminary Economic Assessment on the project. We are also very excited to conduct a maiden drill program on the nearby RAM target that is a large, structurally controlled 3.8 kilometre anomalous silver trend that offers significant potential to further add to our current silver resources.”

La madrugada de hoy miércoles, un grupo de hombres armados irrumpió en una mina de oro ubicada en el municipio de Sahuaripa, Sonora, en donde se llevaron oro, pero la cantidad del metal hurtado no fue especificada.

Canadian mining company Agnico Eagle said on Wednesday that a group of armed men stormed one of its mines in northern Mexico early on Tuesday morning, injuring a security guard and making off with a haul of silver and gold.

Cyprium Mining Corporation is pleased to announce the results from 71 additional underground samples taken from the Tunel body as part of its ongoing exploration program of the Potosi silver mine located in Santa Eulalia, Mexico. Of the 71 samples taken, 34 were channel samples taken at the edges of old stopes on levels 1 and 2, and 37 samples were of previously broken mineralized rock from levels 1, 2 and 3 that was left behind at the end of the last mining in this area. All samples were taken in areas where Cyprium expects initial production to take place.

N. Eric Fier, CPG, P.Eng, President & CEO remarked, “It is very encouraging to receive additional high grade results from our ongoing underground channel sampling program at Las Chispas as we continue to gain further access to historic workings. Our onsite team has safely ascended to the historic 300 level** of the Las Chispas vein with subsequent ongoing mapping and sampling. Our channel sample results on the 300 and 400 levels are showing multiple grades of plus 1 kilogram per tonne silver and up to 2.2 kilograms per tonne silver equivalent*. We are experiencing minimal challenges in accessing and rehabilitating the underground workings. Rehabilitation mainly consists of the removal and stockpiling of historic backfill material along with safely constructing ladders and bridges. We are currently surface drilling based on the expanded Phase I program with ongoing compilation of all our drill data and integration with underground results.”

“Avino is pleased to report another solid quarter of production results. During the quarter we produced 629,780 silver equivalent ounces. In the same quarter last year, we produced 819,300 silver equivalent ounces, however, during the current quarter we replaced the bearings in the ball mill in Mill Circuit 3 which contributed to lower milling rates. Up to this quarter, Avino had delivered 11 consecutive quarters of comparative growth; with these repairs complete we’re excited about our ability to maintain smooth and consistent operations with the transition to commercial production at the Avino Mine now complete.

GREAT PANTHER SILVER LIMITED announces that the processing plant at the Topia Mine in Durango, Mexico has resumed full operation. The area of Tuesday’s accident has been locked down pending completion of an investigation by the relevant authorities and, to this end, the Company is providing its full support and cooperation.

“A very thorough reconnaissance program of surface mapping and sampling was performed over the La Fortuna concession area by the previous owners,” said Miguel Cardona, Vice President, Exploration at Minera Alamos. “The compilation of this data and available historical information has allowed us to define geological models for potential ore deposits across the entire project. Recommendations are now being developed for further exploration work”.

“We ended the quarter with our strongest production rates to date thanks to operational improvements made over the past six months that took effect,” said Brad Langille, President and CEO. “Shareholders can continue to expect a steady rise in production quarter over quarter for the remainder of the year.”

“Great Panther’s second quarter production of 1.04 million Ag eq oz was consistent with the previous quarter and is in-line with the Company’s annual guidance, reflecting our continued focus on operational efficiencies”, stated Robert Archer, President & CEO. “The increase in gold production and decrease in silver production compared to a year ago and to the first quarter of 2016 are a direct result of the increased production from San Ignacio, which has a higher gold to silver ratio. By maintaining consistent production at low cost, Great Panther is well positioned to benefit from the recent rise in commodity prices.”