On June 21st, Minera Alamos Inc. provided an update on the start-up of mining activities at the Santana gold mine in Sonora, Mexico. Construction at Santana is now complete with leach operations commissioning occurring at the end of June. Minera Alamos is targeting first gold production in July.
“The extremely high-grade intercept in our deepest drill hole CDH-077 has extended the high-grade ‘clavo’ at El Refugio a further 160m down dip.”
The Offering included an investment from Crescat Capital. “Minaurum’s value is strongly underpinned by its high-grade Alamos silver project,” commented Quinton Hennigh, technical advisor to Crescat Capital.
“In Q2, Endeavour delivered positive results in operations and exploration and is pushing to advance the Terronera project to a development decision with the completion of the Terronera Feasibility Study in Q3, 2021.”
Exploration drilling of the Amelia deposit is extending and validating the lateral continuity of high-grade gold and silver intercepts, with highlights including 2.7 g/t gold and 11 g/t silver over 33.9 metres at 395 metres depth, which includes 5.7 g/t gold and 15 g/t silver over 8.3 metres at 402 metres depth.
Peter J. Hawley, CEO and President, remarks, “SMUG21-03 has revealed what we have been targeting. Excluding the mined Santa Maria vein, we have hit four zones of silver mineralization in the Santa Maria Structure.”
Stephen Orr, Chief Executive Officer, stated “CLG’s impressive Q2 mine and plant performance produced record results. Mine development during Q2 accessed the expected higher-grade ore forecast to be mined during 2021 and the plant production averaged a record 2,535 tonnes per day, above the design capacity of 2,500 tonnes per day. Record recoveries for silver, lead and zinc achieved in the quarter were also well above design.”
COO Hernan Dorado remarked: “The main El Pinguico vein structure pinches and swells, occasionally showing widths of more than 8 meters – noteworthy and very attractive in the Guanajuato region. This vein is parallel / sub parallel to the San Jose vein, with the two veins appearing to widen and coalesce at depth.”
GR Silver Mining President and CEO, Marcio Fonseca commented “This final batch of drilling results from drill holes PLI21-10 and 14, represent a step out of approximately 150 m to the north from the closest underground information in the Plomosas Mine Area. As a result, they confirm the presence of attractive gold and silver epithermal mineralization in unmined zones of the historic Plomosas Mine Area.”
James McDonald, President and CEO, comments “We are working to update the mineral resource estimations and evaluate the potential economics of the two most advanced projects, La Cigarra and La Negra (Promontorio). Mr. Smit is well known for his experience and expertise in advancing projects from resource estimation through to feasibility and construction and we look forward to drawing on his expertise as we move these projects forward.”
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