Category: Exploration and Development

IMPACT Silver Corp. is pleased to announce more high-grade drill results for silver over wide widths from the Deeps Zone of the San Ramon Mine in central Mexico. These new drill intersections are located below previously reported drill intersections and indicate the zone is becoming wider and higher grade with depth. Results from these new drill holes are as follows:

San Marco CEO, Bob Willis stated; “The first stage of target definition is now complete. The incorporation of additional geological information and target prioritization is expected to be completed within two to three weeks. The mere number and quality of targets generated at this point is mind boggling. We have a lot of work to do, such that over the next couple of weeks, the SMN field team is making field access, logistics and personnel preparations so we can ‘hit the ground running’.”

La Soledad, situated approximately 1,000 metres south of the main La Cigarra silver deposit (Las Carolinas Zone) and 500 metres south of the Las Venadas Zone, contains a number of mine dumps and historic mine workings that exploited a series of silver bearing quartz veins. Rock sampling here was conducted over a 500 metre long north-south striking area. Of the 70 rock samples taken during the recent program, one channel sample returned a high value of 252.0 g/t silver and 20% lead over 1.2 metres. In total, 35 samples reported grades exceeding 10 g/t silver with many samples returning high values of lead.

“This acquisition is consistent with the Company’s objective of adding late stage development opportunities to our growing mineral property profile”, said Chris Frostad, Chief Executive Officer of Minera Alamos. “In the coming months we expect to issue a technical report defining the project economics. If deemed appropriate, a construction decision is scheduled to be made by the end of the year”.

Riverside’s President and CEO, John-Mark Staude, stated: “We are encouraged by recent field work and look forward to working with a partner at the Glor Project in the near future.”

Jim Williams, Chief Executive Officer of Arian Silver, commented, “This is a significant step towards acquiring a low-cost production asset in which we see significant potential for gold and silver to be extracted in the near-term through a simple and inexpensive process, as compared with traditional hard rock mining ventures. With the successful closing of the £700,000 placing last week, we are ideally placed to complete the necessary studies to determine a cost effective, saleable gold and silver product from the Tailings Project.

“Estamos en un estado en donde no hay maquiladoras, no hay fábricas, no hay textileras. Dependemos del gobierno del estado, del sector turístico y ahora, del minero”, dice Nava.

“This agreement with Golden Minerals cements our existing land position in the Zacatecas Mining District. With our work at the Veta Grande Mine progressing well management believes that this strategic acquisition agreement will allow the Company to systematically explore and develop the Veta Grande Mine and surrounding area for the foreseeable future” said Arturo Préstamo, President and CEO.

Almadex Chairman, J. Duane Poliquin commented, “I have been involved with this project since the early 1990s and believe very strongly in its mineral potential. This sale to McEwen is beneficial to Almadex as it puts US$250,000 in the treasury immediately while preserving upside for shareholders through the creation of a new NSR royalty. Given McEwen’s presence in the area, they are best placed to develop these assets in the near term.”

El estado mexicano de Guerrero, actualmente el más violento y pobre del país, cuenta con una enorme riqueza de minerales como la plata, zinc, plomo y oro, atrayendo así a importantes corporativos mineros para su exploración y extracción, quienes ahora buscan, a través de un clúster, generar una cadena de valor para reactivar 37 sectores productivos de la zona.