Tag: Exploration and Development

Southern Silver Exploration Corp reported today on its surface float sampling program for the newly acquired Biznagas and Los Lencho claims located contiguous to the larger Cerro Las Minitas property, Durango State, Mexico.

Neil Woodyer, CEO stated “ When we acquired Los Filos three months ago, we anticipated that it would take us approximately six months – Q2 and Q3 – to transition the mine and to operate it in the way we believed it should be. We also expected, that during this transition phase, we would plan the development of the Bermejal Underground mine expansion project. We are now half-way through this period and we have made very good progress. Furthermore, we now expect significant production and cost improvements will be reflected in the results of Q4 and onwards.

“This marks the second exploration alliance Evrim has entered into with Newmont since the Trans-Mexican Volcanic Belt program in 2012”, commented Paddy Nicol, Evrim’s President and CEO. “Combining Evrim’s generative knowledge and capabilities with Newmont’s exploration and BLEG expertise has proven effective and reliable in the assessment of large tracts of ground. Leveraging partner expertise and co-funded capital are the hallmarks of a successful value generator business and forging repeat business with major partners such as Newmont is an indication of Evrim’s execution in growing a high-quality property portfolio”.

Neil Woodyer, CEO stated “these drilling results show the consistency of mineralization along the contacts of the Bermejal intrusive and sill. Infill holes are tightening up the drill hole spacing and will enable an upgrade of the resource classification. These holes are also filling in gaps in the resource model which, when combined with the step-out holes, will increase the overall mineral resource. To date, 18 of the 20 holes drilled have intercepted high-grade mineralization – this high success rate also indicates the potential for both the consistency and expansion of the deposit. In addition to the drilling program, Leagold is also progressing with engineering studies in preparation for underground development. Work to date confirms that Bermejal is a valuable mine development project that will enhance production and extend mine life at Los Filos”.

“Platosa is dry,” stated Brendan Cahill, President and Chief Executive Officer. “The completion of the optimization plan at Platosa marks a significant milestone in Platosa’s history and we now have a system fully implemented to eliminate the major bottleneck on production going forward. With dry operating conditions, our immediate goal is a smooth transition to materially higher rates of production and a return to an industry-leading cost profile in the coming quarters.”

Harvest Gold’s’ President and CEO Rick Mark states: “We are very pleased that the Evrim team has literally hit the ground running and that Phase 1 is underway. As well, our geological team has now reviewed all historical data on the project and have identified at least six areas for follow-up. Today’s release provides investors more detail on these targets.”

Brian Robertson, President & CEO, stated “The mineralization controls at Las Minas are similar to the Guerrero Gold belt, which is the site of the Los Filos and Morelos gold deposits. In both areas, the high gold values are associated with intrusive hosted systems, with initial high magnetite/hematite fluid flows mobilizing the gold mineralization, followed by later stage precipitation of the magnetite. We anticipate that the ground magnetic geophysical survey will identify potential gold/magnetite extensions to the highgrade mineralization intersected in step-out hole LM-17-CS-04 as well as elsewhere at Cinco Senores.

Allan Barry Laboucan, President and CEO of Alset said: “Management has been impressed with the success we have had with the exploration of our original group of salars. As previously reported from the work on our original group of salars we have found high-grade lithium-potassium in some of those salars, they are in a mining friendly jurisdiction with excellent infrastructure. Alset currently has a large number of brine and soil samples being processed, the company decided that this would be an appropriate time to acquire further salars in the area. We are fortunate to be involved in a sector that will be crucial for the energy industry with lithium needed for energy storage and having the bonus of potassium crucial for the production of fertilizers needed for farming in Mexico. With our new acquisitions, we will have a 100% interest in a group of salars that span an entire province.”

Robert Macdonald, Vice President of Exploration stated “The identification of such a thick interval of new copper-enriched mineralization in hole 17CLM-098 is tremendously encouraging and continues to further highlight the potential to both expand the current and develop new mineral resources on the margin of the Central Intrusion.”

The program, operated by Pan American, will total approximately 4,055 meters of core drilling over 25 holes. Drilling will focus on brownfield targets and consist of primarily infill drilling as well as step out holes to depth.