Tag: Exploration and Development

J.D. Poliquin, chairman of Almaden stated, “While we have established Ixtaca as a prominent new discovery of gold and silver reserves, we are clearly only at the beginning of the discovery cycle at this project. Ongoing drilling in areas within and proximal to the PFS pit will provide very useful input into the continuing work to deliver a feasibility study early next year, and will begin the process of testing new targets on the Tuligtic claim.”

Tim Barry, President, CEO and director of Silver Bull states, “The significance of finding sulphide mineralization at Sierra Mojada is that it will likely have very straight forward metallurgy and appears to have a consistently higher grade for silver when compared to our current NI43-101 compliant oxide resource. We have now defined three separate high grade sulphide occurrences to form an east-west sulphide target zone 1.4 kilometers long which is open to the west. The new sulphide zone sits at a level below the already defined oxide mineralization and has opened up a whole new series of high grade targets. From our underground geological mapping we see a number of high angle structures up to 2 meters wide containing sulphide mineralization grading up to 1,300 grams per ton silver, 42% zinc and 13% copper that appear to feed into the overlying oxide zone. Presently we are planning a more comprehensive channel sampling and underground drill program using the company owned Termite drill to test the continuity along strike and down dip of these very high grade zones. Additionally we will also aim to test the areas in between these high grade zones to see if there is potential for a bulk tonnage sulphide target. We expect this drill program to start before the end of the month.”

Azure Managing Director Mr Tony Rovira also commented, “During Azure’s recent search for an advanced stage precious metal / base metal project, which culminated in the recently announced acquisition of the Oposura Project, the Company identified many early stage properties with good potential. One of the absolute stand-outs was the Sara Alicia gold-cobalt project.”

Telson Resources Inc. is pleased to announce that it has received permits from Semarnat (Secretaria de Medio Ambiente y Recursos Naturales) for the reactivation of the existing tailings disposal facility and for the construction of a new larger tailings facility for the Tahuehueto Project, located in northwestern Durango State, Mexico.

Brian Robertson, President and CEO, commented, “The surveys will provide geophysical vectoring to more clearly define potential extension zones to known mineralization as well as new zones. We believe there is significant potential to expand and discover new resources at each of these zones”.

Commenting on the drilling, Azure’s Managing Director, Mr Tony Rovira said, “These drill holes are an added bonus at this early stage of the project. The significant quantities of sulphide mineralisation observed in most holes is very encouraging and will help in our interpretation of the geometry of the deposit. Meanwhile we’re in the process of finalising our application for the drilling permit, and I expect that drilling will commence in early to mid-October.”

En julio pasado, la empresa “Minera Caballo Blanco SA de CV”, presentó ante la Secretaría de Medio Ambiente y Recursos Naturales (SEMARNAT), el Documento técnico Unificado (DTU), del trámite de Cambio de Uso de Suelo Forestal, modalidad B-particular, “para la explotación a cielo abierto (Tajo)”, como parte del proyecto “La Paila” en el municipio de Alto Lucero.

“We are excited to commence this extensive exploration program to quantify the resource potential of the entire La Fortuna project area,” said Miguel Cardona, Vice President of Exploration for Minera Alamos. “Over the last number of months, we have substantially increased our understanding of the significant mineralizing events that occurred in the La Fortuna area and why this was the site of so much historical gold mining activity. The ability to bring in someone with the experience and capabilities of Robelsis to directly manage our exploration efforts is a significant opportunity for the Company and we are pleased to welcome him to our expanding team”.

Galore Resources Inc. is pleased to announce gold results from samples taken in July, 2017 by consulting geologist, Tony Adkins, P. Geo. Galore employed the services of Mr. Adkins to evaluate the El Alamo project and to determine if the property warranted further work. His review of the existing Galore data coupled with a field examination, showed that additional work, particularly a drill program of adequate size, is definitely merited. Mr. Adkins brings over thirty-five years of comprehensive exploration, project management and mine experience as a geologist and engineer. He has experience with the geological features present at El Alamo.

Akiba Leisman, Executive Chairman and Interim CEO of Marlin states that “we are excited to have completed the purchase of an extraordinary exploration asset in one of the world’s most prolific silver mining districts. To have bought this project at an attractive price is a testament to Marlin’s ability to grow on an accretive basis.”