Tag: Exploration and Development

Resource drilling at Tres Amigos successfully intersected massive sulphide mineralisation at the target horizon.
Results up to 34.7% Zn + Pb.
Mineralisation confirmed to be fresh sulphides with high zinc and low lead content (Zn/Pb ratios of 8-12:1).
Metallurgical testwork at Tres Amigos shows a high recovery of zinc to concentrate.

Kootenay President and CEO James McDonald states, “The discovery of a mineralized zone of this magnitude and strength of veining in the world-class Parral mining district is a highly significant development for the company. The large-scale nature and intensity of the mineralized zone offers exceptional future growth potential and is characteristic of other major silver deposits in the district such as the San Francisco Del Oro and Santa Barbara mines located closely to the immediate south.”

Bradford Cooke, CEO of Endeavour Silver, commented, “We continue to intersect encouraging results in the La Luz vein on the Terronera property. Although narrower than the Terronera vein, mineralization in the La Luz vein is much higher grade, more gold rich, and shallower in depth compared to the Terronera vein, which was the basis for the recent pre-feasibility study. Several other veins hosting surface high-grade mineralization at Terronera are also scheduled for drilling over the next two years.”

J. Duane Poliquin, Chairman of Almadex commented, “Since the Norte Zone discovery we have been carrying out a systematic drill campaign to define this target. To date the program has been based on large step-outs which have yet to define the limits of mineralisation. Future Norte drilling will also focus on defining the high grade zone that is emerging from the drilling results. Continuous mineralization in hole 29 starting close to surface and continuing for over half a kilometer shows the Norte Zone is developing significant tonnage as well as good grades. Elsewhere on the project first pass Encinal Zone drilling is complete and while we await assays from this work a drill is now being moved to the newly discovered Raya Tembrillo target within the large Villa Rica zone for the very first drill hole there.”

Azure’s Managing Director, Mr Tony Rovira said, “Throughout 2017, Azure has had the clear focus to acquire the next flagship project for the Company. This was all about getting the right project for the right deal, and with this acquisition we have done just that. Projects of this quality are rare and keenly sought after, and I’m pleased that we have succeeded in acquiring the advanced stage, precious and base metal project that we’ve been seeking.”

This 300m step-out extends the potential strike length of the interpreted La Plata vein system to approximately 2km. Given the significant surface results reported to date this prospect is now the subject of detailed drill planning. It is important to note that surface channel widths along the interpreted strike length have been limited to accessible outcropping so future drilling will seek to confirm to what extent this high grade surface mineralisation occurs over wider zones at depth.

“Pre-production processing at the Atocha Mill site is continually improving our recovery methods and procedures”, states Antonio Berlanga, CEO of Telson, “We have achieved average recoveries from Tahuehueto ore of 83.5% gold, 89.3% silver, 86.1% lead and 85.4% zinc plus significantly better separation of zinc from our lead concentrates and overall higher concentrate grades then we experienced earlier this year in our original industrial scale bulk sample processed at the Andes Mill.”

Akiba Leisman, Executive Chairman and Interim CEO states that “San Cristobal is a district scale target. The first limited drill program successfully tested our thesis that HQ core does positively reconcile to RC drilling, similar to what we have experienced at the Taunus pit. The next steps at San Cristobal include regional exploration utilizing core drilling and detailed geological mapping with the objective of turning this target into a large scale deposit. “

“We are very pleased with the success of this drill program which began in September, 2016. These remaining results support the continuation of the extensive Avino Vein system, and provide further confidence that should allow us to go underground to develop this area for mining. We are also encouraged by the notable assays that demonstrate that this is a new gold rich area that has been untouched in the past. Furthermore, we are excited to have commenced drilling on three additional areas of mineralization at the Avino property, where there may be potential to expand the resources.” David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.

Reflecting on Millrock’s current exploration activities, President and CEO, Gregory A. Beischer, stated: “During the industry downturn Millrock moved boldly to grow its property portfolio. Now that metal prices and investor sentiment have improved, we are ramping up exploration efforts significantly. With robust drilling budgets now in place, we have a good chance to make a discovery that will benefit all Millrock shareholders.”