Category: Exploration and Development

“This was a difficult decision,” stated Robert Archer, President & CEO. “However, our 2015 exploration program did not yield the results we had anticipated and, after an extensive review, we concluded that the project does not meet the criteria for our current growth strategy. Vista has been a terrific partner and we wish them all the best in advancing the GDLR Project to its full potential.”

Photographic Report, February, 2016

Fred Stanford, President & CEO of Torex stated: “The ramp up of the processing plant is tracking nicely ahead of plan, costs remain on budget, security and safety performance has been excellent, relationships with local communities continue to be productive, and the construction of production support facilities is drawing to a close. The next three milestones will be the declaration of commercial production, the resettlement of the El Limon village, and the commissioning of the El Limon Crusher / RopeCon. All of these milestones are on schedule for achievement in Q2 2016.” …

Azure Minerals Limited is pleased to advise that drilling at the Company’s Promontorio Project is scheduled to start next month following the identification of key exploration targets by Kennecott Exploration Mexico S.A. de C.V, which has an option to earn up to an 80% interest in the project.

Orex’s President, Gary Cope says, “The high-grade silver and thick drilling intercepts continue across the target area. Still to come are the results for 11 more holes from the Phase-I drilling program. All of holes drilled to date have hit the strataform host rock unit. Results will be released over the next several weeks.”

Recent surface exploration work conducted by Northair included 15 channel and rock samples taken from veined faults traced over a distance of approximately 100 metres near the eastern margin of the La Colorada intrusive center. This work returned 125 g/t silver over a 1.5 metre channel width with 7 samples reporting values greater than 10 g/t silver. Additionally, 7 rock chip samples returned greater than 0.10 g/t gold, with 3 samples reporting over 1.0 g/t gold. The highest grade channel sample returned 6.92 g/t gold over a 1.5 metre width.

Almaden Minerals Ltd. is pleased to announce partial assay results from Almaden’s Ixtaca Zone exploration and development program at the Company’s 100% owned Tuligtic project, Mexico. Drill hole TU-15-457 was drilled into limestone hosted mineralisation in the core of the updated PEA pit, between holes on section 10 + 500, in order to better define the high grade zone and to provide additional metallurgical sample material for the final stages of the Company’s ongoing Pre-Feasibility metallurgical program. Highlights from hole TU-15-457 released today include the following intercepts:

“The first phase of commissioning of the refurbished Veta Grande processing plant has gone according to plan. Going forward the mill-feed for the plant is expected to be sourced solely from newly developed underground mine workings, which should result in a steady increase of the silver grades and improved recoveries,” stated Arturo Préstamo, CEO of Santacruz. “We have been very pleased with the progress achieved both in the mine and at the Veta Grande plant. The operations team has done an excellent job refurbishing this asset and making improvements that will benefit us as we progress through the year. In addition we are assessing the opportunity to deliver Veta Grande mill-feed to the Rosario Mine in order to leverage the available capacity at the Rosario milling facility. Any such decision will not impact the primary objective of maximizing production at the Veta Grande Mine.”

Mr. Alain Lambert, Chairman and CEO of Cyprium commented: “The rehabilitation of shaft #3 is an important step towards restarting production at Potosi. The rehabilitation of shaft #3 is expected to take about six weeks at which point we expect to be able to start small scale production.The goal of this project is to gain access to mine levels 3 and 4 which were last mined between 2010 and 2012. Once production resumes, Cyprium intends to send the mineralized material extracted through shaft #3 of the Potosi silver mine to the Aldama plant.”

Familiares e integrantes del sindicato minero participaron ayer en una marcha silenciosa en la Ciudad de México para recordar a los 65 trabajadores que perdieron la vida en Pasta de Conchos.