Category: Exploration and Development

“The magnetic / radiometric program has greatly assisted Northair’s technical team in identifying new targets and defining the structural framework of the La Cigarra district; a critical element in the understanding of the overall mineral system,” commented, Andrea Zaradic, President & CEO of Northair. “Results from this Program have also provided important information for refining future drill programs that include targeting newly identified structural intersections that hold promise of hosting new mineral zones…

Agnico Eagle Mines Limited is pleased to report additional results from the 2015 Phase 1 exploration program at the Amaruq gold project in Nunavut, northern Canada. The Company last reported results from this project in its news release dated April 30, 2015. The Company is also reporting its initial drill results from the El Barqueno project in west-central Mexico, which was acquired in November 2014. In addition, the acquisition of Soltoro Ltd. has closed.

Highlights from the report include: A “Measured and Indicated” Global resource of 58.7 million tonnes grading at 3.6% zinc and 50 g/t silver for 4.670 billion pounds of zinc and 90.8 million ounces of silver inclusive of both potential open pit and underground resources…

Arian Silver Corporation, a silver mining company focussed on projects in the silver belt of Zacatecas, Mexico, is pleased to report the results of its Phase-5 drilling programme within the township of Guanajuatillo located along the San José vein system within the San José project, Mexico.

Endeavour Silver Corp. announces that the 1,000 tonne per day ball mill at the 1,600 tpd Bolañitos mine experienced an unplanned outage this week due to a motor problem. The motor has been sent out for repairs and the ball mill should be back up and running in about 2-3 weeks. No material impact on production is anticipated.

BACANORA MINERALS LTD. the Canadian and London listed lithium and borates development company focused on Mexico, is pleased to provide an update on the Company’s upcoming milestones relating to its on-going transition from an exploration to a mine development company.

United States Antimony Corporation reported that the Company’s Los Juarez Mexican property had a gross value of $114.56 per metric ton (3.00 gpt) at current prices for gold, silver, and antimony based on its most recent assay results. By mining the jasperoid selectively, the gross value increased to $137.13 per metric ton (3.59 gpt). The mineralization is present in large pipes of jasperoid that intrude the limestone from depth. The pipes are present over a strike length of 3.5 kilometers and a width of up to 1 kilometer. The Company intends to drill selective areas of the property using a company owned drill…

Excalibur Resources Ltd. has sold its 49% interest in Minera Catanava to its 51% partner Minera Apolo for US$75,000. Over a period of 4 years, the plant was unable to generate positive cash flow, due to lower than expected average grades, recoveries and concentrate purchase prices. In addition, there were ongoing equipment breakdowns, low volumes, water shortages, etc such that there was no justification for further investment.

Cyprium Mining Corporation is pleased to announce details regarding the expansion plans of its flotation plant located in Aldama, Mexico. The plan has two main objectives. The first objective is to optimize plant processes and improve efficiencies to maximize recoveries in order to ensure satisfactory margins. The second objective is to double the current plant capacity to 200 tons per day. The planned investments, which started in May, should take about four months and total approximately US $400,000.

“Today we mourn the passing of a great figure in Canadian mining,” commented Brendan Cahill, President and Chief Executive Officer. “He was an entrepreneur who experienced success in many industries worldwide. He was a connector of people and ideas who asked for nothing in return. He was selfless in his work and fundraising for charitable causes. He was an exceptional mentor, for so many as well as myself. Our deepest condolences go to Peter’s family and all of the people he touched over the years.”