Tag: Exploration and Development

Golden Minerals Company is pleased to announce the start of a new drill program at its Santa Maria silver and gold project located near Santa Barbara in Chihuahua State, Mexico.

“The grassroots exploration program at Yarely this year continues to expand the scalability of the camp” states, Randy Reifel, President. “Several significant prospects are being advanced and will be systematically drill tested. A greenfield discovery in this district would greatly impact and provide leverage for Metates future development”.

“We are very pleased to work with such a uniquely capable remote sensing company,” commented Craig Dalziel, Oroco President & CEO. “Auracle is an ideal choice for Oroco given Auracle’s unique scientific expertise along with their first-priority data acquisition relationship with satellite operators MDA and DigitalGlobe. The custom program Auracle has developed for Oroco offers a highly cost-effective method in prioritizing exploration targets with exceptional accuracy. Combining our geological team with Auracle’s proprietary data fusion algorithms presents an ideal opportunity for Oroco to effectively expedite its exploration and acquisition plans.”

President Lawrence Page, Q.C. stated that, “Our exploration team has excelled in advancing the Cerro Las Minitas project this year through the discovery and delineation of an additional deposit which is open for further exploratory and definition drilling. We are very keen to soon receive a current Resource Report which will be accretive to the March 2016 Report and will incorporate data from the +13,000 metres of additional drilling completed in 2017.”

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside is pleased to be working with partner Centerra Gold to develop new high-grade gold targets at the Glor Project. We look forward to moving toward a drill decision and appreciate the rapid and collaborative efforts between Riverside and Centerra geologists. We expect to have an active fall field program at Glor and continue outlining additional targets in anticipation of potential drilling before year-end.”

As the International Seabed Authority moves to permit the mining of unique deep-sea habitats, calls grow for it to disclose secretive deliberations about the environmental consequences of extracting valuable minerals from the ocean floor.

“These remarkable results confirm our belief in Platosa’s potential and our ability to use targeted exploration to add high-grade mineralization to the mine plan,” stated Ben Pullinger, Vice-President, Geology. “We have delineated a sizeable new zone of mineralization near existing mine workings that connects and expands the high-grade 623 and Guadalupe South mantos and which may be accessed before the end of the year.”

J. Duane Poliquin, Chairman of Almadex commented, “We are pleased to once again demonstrate the potential for the Norte Zone to expand with continued exploration. The results today confirm that the zone remains open to the northwest.”

Brad Langille, President and CEO of GoGold stated, “We are very pleased to announce this Transaction with Agnico Eagle. We believe it demonstrates the value generated and progress made at Santa Gertrudis by the GoGold team since acquiring the Project in 2014. Agnico Eagle has a strong track record of advancing and developing projects and we believe GoGold shareholders are well positioned to benefit from the future potential of the Project through our retained royalty. The Transaction will enable GoGold to significantly strengthen the Company’s balance sheet through repayment of our senior revolving credit facility, position the Company well as the Parral Tailings project ramps up to its full potential, while also allowing us to continue to pursue further opportunities in Mexico and beyond.”

Francis R Biscan, GracePoint Mining Corp Chairman & CEO states: “We believed that one of the most critical aspects of the Magistral project was the selection of the right contractor for the re-building and expansion of the processing plant. We have been doing business in Mexico for over 11 years, and I can confidently say that Componentes Mineros SA DE CV is one of the best companies that we have worked with, not only for the competent work they are doing, but also for their personal and professional commitment to the project.”