Tag: Exploration and Development

States Kootenay President and CEO James McDonald “We are very pleased to initiate our next drill and resource expansion program at La Cigarra. We believe that results from past drilling in this priority region of the property, combined with supporting data from recent exploration, clearly underscores La Cigarra’s immense potential for further resource expansion in 2017 and we look forward to exploiting that opportunity.”

Levon is pleased to announce the startup of the 5,000 m core drilling campaign at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hildalgo Del Parral, Chihuahua, Mexico, previously announced by the Company on April 4, 2017. 200 m core holes are planned to infill drill a central part of the 2014 resource to explore for improved near surface resource grades. The holes are being drilled in the Cordero Felsic Dome Complex (central) portion of the resource that spans four host igneous intrusive centers. If the drilling is successful, results can improve the projected economics of a starter open pit being evaluated by Independent Mining Consultants, Tucson, Arizona.

The project continues as expected with the usual growing pains for an expanding miner. Our joint venture and operating partner for the project, MarMar Holdings, has made consistent and steady progress at the mine site. To date, MarMar has constructed two holding ponds, a heap leach pad, performed an initial blast of a quartz vein, started a cyanide drip system on the heap leach pad, and started the Merrill Crowe recovery system. In addition, they also performed a test smelt and produced a small amount of dore using precipitate from the Merrill Crowe plant. These accomplishments are significant and show a determination to bring this project into full production.

Después de México, los más grandes productores son Perú, China, Chile y Rusia

Jim Williams, Chief Executive Officer of Arian commented, “I am pleased to report on these positive initial results, which confirm the presence of lithium. We now look ahead to advancing further exploration of these assets with deeper sampling techniques, geophysical methods and detailed mineralogical test work to assess the full extent of mineralisation.

Lithium Australia Managing Director, Adrian Griffin, said: “The ability of Sileach to cope with high levels of contamination in the spodumene concentrate, and still produce a high-purity Lithium Carbonate, is a great achievement. The ability to produce by-products that are not available with conventional processing of spodumene shows great potential.”

N. Eric Fier, CPG, P.Eng, President & CEO remarked, “The discovery of a sub-parallel unmined high grade vein adjacent to the Las Chispas historic underground workings is exciting, as we systematically drill several veins on the Property for mineralization expansion and future resource estimation. The Giovanni Vein appears to be continuous over a strike length of 400 to 500 metres, 150 to 200 metres in height, and has an average drilled true thickness of 2.0 metres. The new vein is easily accessible via the historic Las Chispas main haulage level (600 level). Closely spaced underground drilling is currently being set up to further test the Main and Giovanni veins. As we drill our known targets, we expect to continue to intercept other “Unnamed” high grade veins.”

Commenting on the revitalization plan, Chief Executive Officer, Greg McCunn, said, “The San Francisco Mine is a cornerstone asset for the Company located in an excellent mining jurisdiction. Our plan to revitalize the Mine by investing some of the cash flow from operations back into improvements to the operations and capital stripping will result in the Mine generating significant cash flow from operations over the next seven years. The cash flow generated will fully fund the revitalization and be instrumental in executing our growth strategy, including building our high-grade, high margin Ana Paula Project”.

Consolidated Zinc Managing Director Will Dix commented “This again confirms our view that there is significant untapped mineralisation accessible from within the existing mine infrastructure. I expect this new drilling at Tres Amigos North and that recently identified at Carola South will add significant tonnes to our existing JORC resource base.”

Riverside’s President and CEO, John-Mark Staude, stated: “During March-April, our Hermosillo-based team completed a number of tasks to initiate the 2017 Cecilia work program. This included obtaining access agreements from owners of surface lands that cover the Project area and setting up a temporary field camp close to the property. We now have our team in the field sampling and mapping toward defining high-quality drill targets. Riverside is committed to turning over prospects quickly and advancing the Company’s portfolio with a clear focus on discovery and value creation. We look forward to a steady flow of news and results from work programs in the weeks and months ahead.”