Tag: Exploration and Development

On September 19, 2017, an earthquake with a magnitude 7.1, according to the U.S. Geological Survey, struck near Mexico City. The city has experienced some severe damage; however, the office staff in Mexico City are safe and have been sent home. The earthquake does not appear to have damaged the facilities of the mining operations in Zacualpan. Post-earthquake inspections at the mines and processing plant are currently being carried out.

With Au-Ag mineralization occurring over a vertical interval of 600m at multiple targets over 3.5km strike length, Radius believes there is excellent potential for a significant discovery at Amalia. This initial program has returned encouraging high-grade results. The silica at the main Campamento target is high level with chalcedonic banded and colloform textures and typically low in sulphides. This contrasts with the Guadalupe area located 700m southeast of Campamento and vertically 250m below, where bonanza grade mineralization up to 16.4 g/t Au and 5180 g/t Ag (1m sample) is hosted in sulphide rich veins and breccias. This transition from the rhyolite hosted high level chalcedonic veins to high grade sulphide rich veins within the lower andesites is observed at several of the major deposits of the Sierra Madre gold belt. Radius is currently advancing drill permitting and intends to target wide high grade mineralization within the predicted sulphide zone at depth (200 to 250m) below Campamento.

Antonio Berlanga, CEO of Telson, states “We are very happy to be able to deliver to our shareholders this exciting key milestone which has secured Telson not only the US$5 million working capital we were seeking allowing Telson to commence full mining operations at Campo Morado but also, very good concentrate sale terms plus an experienced and professional funding partner recognized worldwide as a leading commodities trader. This working capital will now allow us to finalize the mill clean up and refurbishment, that we initiated immediately after acquiring this project, and commence fullscale mining and mill processing in early October”.

“Delineating further underground Mineral Resources and providing access to mine the Resources will add significant value to an already attractive project,” said Greg McCunn, Chief Executive Officer. “While we are advancing the project through the Definitive Feasibility Study towards a construction decision in Q2 2018, we will undertake a systematic drill program on the known continuation of the high grade breccia system and evaluate the deeper skarn target that has been identified by past drilling. We are also very excited about the surface drill target North of the proposed pit. With a large land package of approximately 56,000 hectares on the highly prospective Guerrero Gold Belt this is the start of what we expect to be a successful exploration program to enhance the already robust economics of Ana Paula.”

Prospero Silver Corp is pleased to provide an update on planned drilling of the Petate project in Hidalgo State, Mexico. The drilling is being carried out as part of its on-going 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc.

Azure Minerals Limited is pleased to report that preparations for its first drilling program on the Oposura zinc-lead-silver project are complete and drilling will commence as soon as the Company has received the requisite permits, expected in early to mid-October.

El director del Clúster Minero de Zacatecas, Alberto Mendoza Almanza, sostuvo que no dará ninguna postura con respecto al desplazamiento que sufren empresarios locales por parte de la empresa Minera Fresnillo PLC para dar cabida a empresas foráneas, ya que se lo impiden los estatutos.

Golden Minerals President and Chief Executive Officer Warren M. Rehn commented, “We are dedicated to unlocking the full value of our existing resources and infrastructure in Mexico and Argentina. The drill program at Mogotes is a first test of an extensive altered area that shows signs of being a productive epithermal system hosted in volcanic rocks within a few kilometers of our existing mills at Velardena. Surface values from channel samples show strongly anomalous gold, arsenic and antimony values associated with hydrothermal breccia veins and silicification along a major fault structure.

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Step out drilling along the strike of the Babicanora Vein has more than tripled our previously announced high-grade footprint. New high-grade drill intercepts confirm strong mineralization extending beyond the historic Babicanora workings. We have been able to trace the Babicanora Vein on surface for over three kilometres, but have drill-tested less than 20% of its known strike length. Based on continued success in the district, we plan to have up to six drills turning this fall, aiming to further expand high-grade mineralization along multiple veins in both the Babicanora and the Las Chispas areas. All of our current efforts are focused on a maiden resource announcement in early 2018.”

Levon Resources Ltd. is pleased to announce the completion of the core drilling campaign at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hidalgo del Parral, Chihuahua, Mexico, previously announced by the Company on May 15, 2017. Complete hole assays are pending and will be reported when the assays are received. A total of 5,655m of core in 18 infill core holes were drilled within the central part of the 2014 Cordero resource.