Category: Exploration and Development

Orex’s President, Gary Cope says, “This excellent high-grade and thick drilling result is the first hole in the southeastern region of the Sandra Escobar Project. Silver mineralization starts from surface in this hole. While it is still early in the program, silver has been detected in outcrops over a strike length of 700 metres.”

Azure’s Managing Director, Mr Tony Rovira said, “Our exploration is continuing and studies by our geologists and external consultants indicate that the alteration and mineralisation styles at Mesa de Plata and in nearby areas are typical of other lithocap-hosted, epithermal gold and silver deposits in Mexico and elsewhere in Latin America. This supports the Company’s belief that a large mineralising system is present here with potential to host significant precious metal deposits.”

Frank Powell, Head Geologist of Goldplay, commented, “We have spent several months sampling mineralized materials from our local gold properties at Gainey’s processing centre and have successfully completed the due-diligence necessary to advance to the next stages of our working agreement with Gainey.”

“It is not only exciting to drill additional high-grade mineralization within Arista’s known veins, but also impressive to discover another new high-grade vein while testing the margins of this deposit,” commented Gold Resource Corporation’s Vice President of Exploration, Mr. Barry Devlin. “The multiple veins that make up the Arista deposit exhibit unique mineralization, as we see in Viridiana’s high-grade gold component and Marena’s polymetallic composition including a high-grade zinc phase. I believe the potential exists to discover additional high-grade veins at Arista with future drill programs testing the margins of this expanding deposit.”

“We are confident that the expansion will result in a significant increase in production, which we will start to see the effects of this quarter,” said Brad Langille, newly appointed CEO and President. “The Company continues to selectively spend capital on projects with the highest return on investment.”

“The geological and structural setting at Cerro Cascaron share many characteristics with other epithermal gold-silver deposits in the area including El Sauzal, Mulatos, and Ocampo.”, Evrim VP of Exploration Mexico, Alain Charest commented, “Finding an exceptional project such as Cerro Cascaron, in an area that has seen little exploration demonstrates that there are still discoveries to be made in the Sierra Madre Occidental.”

The differences between the previous 2011 publically reported tonnes and grade at Capire and those reported as the current resources here are substantial. The Base Case resources reported herein are much smaller than those previously reported, in part because the current resources were estimated with tighter constraints, both geostatistical and geological, and in part because they lie within an optimized pit shell and exclude additional mineralization lying at deeper levels. Much of this deeper mineralization was included in the 2011 estimate. That deep mineralization may be available for potential underground development but that remains to be studied and is not included in the current resource tabulation.

GREAT PANTHER SILVER LIMITED announces that it is resuming full operation today at its Guanajuato Mine Complex following yesterday’s announcement of a voluntary suspension of the use of explosives. This suspension was put in place to facilitate ongoing investigations in connection with the theft of such material, and to ensure security measures.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide an update on implementation of the Company’s optimization plan for the Platosa Mine in Durango, Mexico. The Optimization Plan outlines a simplified dewatering solution for the Platosa Mine, as described in the technical report prepared by Roscoe Postle & Associates Inc. dated July 9, 2015, summarized in the Company’s press releases dated June 2, 2015 and November 2, 2015. The Technical Report is available at www.sedar.com and on the Company’s website at www.excellonresources.com.

The Company has voluntarily suspended the use of all explosives material at the GMC and increased measures to secure the material to facilitate the investigation process and safeguard against further attempts of theft. As such, blasting-related mining activity has been temporarily halted pending the outcome of the initial inspection by the authorities, scheduled to begin within 24 hours. The Company’s processing plant has not been impacted and continues uninterrupted at this time with the current ore stockpile of four to five days’ production.