Tag: Exploration and Development

El 20 de Septiembre del presente año, Mina El Chanate, de la empresa Minera Santa Rita, filial del corporativo Alamos Gold, Inc., ubicada en el municipio Altar, Sonora, logró el record de 1,000 días sin accidentes incapacitantes. Esta meta se ha cumplido gracias al compromiso de Minera Santa Rita y de sus contratistas Sinergia Obras Civiles y CAT Núñez quienes mantienen el valor principal de la empresa que es “Llegar a casa seguro todos los días”.

Summary of week’s progress at the Magistral del Oro Project, Chihuahua

Fresnillo plc is deeply saddened by the terrible earthquake that struck Mexico on 19th September 2017. The Company’s thoughts and sympathies are with all of those affected by this tragedy.

San Marco Resources Inc. announces the results and recommendations of the recent Chunibas Project exploration program. As noted in the Company’s news release dated August 9th, 2017 regarding the Chunibas property, the discovery of breccias in the recent core drilling program has lead to the re-mapping of surface outcrops property wide, re-logging of the core, and generation of a revised exploration program based on the new, larger porphyry-related breccia gold model/target. As a result of this recent geological work, drilling is recommended, following a few additional surface exploration activities outlined below.

“Obtaining approval for our Change of Land Use application is the second major milestone in the permitting of Ana Paula after approval of our Environmental Impact Assessment back in April,” said Greg McCunn, Chief Executive Officer. “As we launch an exciting exploration initiative to enhance the already robust economics of Ana Paula, we are also continuing to move the Project forward towards an investment decision in the second quarter of 2018. Now that major permitting milestones are behind us, our focus is on completing the definitive feasibility study and arranging project financing. In addition, we are enhancing community and social efforts to ensure we continue to maintain respectful and mutually beneficial relationships with the surrounding communities.”

Thomas Atkins, President and CEO of Mammoth commented on the channel sample results stating: “With all 14 channel sample results reported we’re pleased to be able to report an average grade of 0.77 grams per tonne gold equivalent over 129 metres of channel sampling in 12 of the 14 channels. Two low grade channels were discarded from this averaging while the 12 channels remaining were distributed over more than a 5 kilometre strike length within the 15 square kilometre area of precious metal mineralization at Tenoriba. These are excellent results with lengthy channels separated from one another by hundreds of metres with an average precious metal grade as much as 80% above the reserve grade of profitable open pit heap leach mines currently operating in Mexico. Based on these results, and results from other prior surface work, the company is well underway to prioritizing diamond drill targets for a drill program planned for later this year…”

Como empresa, Peñoles está incluida dentro del grupo de los 15 principales productores de zinc a escala munidal, pero un nuevo proyecto la colocará en la posición 10.

Pete Dougherty, President & CEO stated: “Since breaking ground on construction at San Agustin 10 months ago, I’m pleased to announce we maintained schedule to first gold pour. Also of great importance to the Company is the attention to safety, as we have had zero lost time incidents at San Agustin throughout the project’s construction.”

Telson Resources Inc. reports that there have been no damage or adverse effects at its Mexico City office or either the Campo Morado Mine in Guerrero, Mexico or the Tahuehueto Project in Durango State from today’s earthquake which jolted central Mexico. The earthquake was calculated at a 7.1 magnitude and centred near the Puebla state town of Raboso, about 76 miles southeast of Mexico City.

Fred Stanford, President & CEO of Torex stated: “The current Sub-Sill resource estimate area is approximately 250m x 150m. The high grade results from the step-out drilling in the quadrant to the NW of the resource area, including a 240m step-out borehole, certainly confirm the potential for additional resources in this direction. Step-out drilling near the resource in the NE quadrant intercepted granodiorite in the target area. Longer range step-out drilling is planned to determine whether the intrusive rocks continue in this direction, or if skarn exists on the ‘other side’ of a localized intrusion. To the SW, several boreholes have been drilled and we are waiting for assays. To the SE, we will wait until after the rainy season to drill in this area.”