Tag: Exploration and Development

“We are pleased to announce the next phase of exploration at our high grade Manto Negro Copper Property” said Michael McPhie, President and CEO of Prize. “In our recently completed Phase 1 drilling program we tested just a small part of our wholly owned 18,000 hectare property that contains 35 meaningful surface copper showings over a 45 kilometer trend. Building on encouraging Phase 1 results, the next phase of exploration is intended to further define the scale, grade and potential of this district scale property” said McPhie. “With the increased interest in copper and other metals used in sustainable energy sources by investors and major mining companies globally, we believe Manto Negro stands out as a unique opportunity to create value for our shareholders in the near term.”

Este lunes por la mañana amanece restablecido el acarreo de mineral de hierro de la mina de Ternium a Tecomán, y con ello se reactiva la economía en toda la ruta “Desde donde nace el aceero”, misma que desde el domingo por la noche empezó a ver movimiento de tractocamiones.

This year our exploration focus will be on the under-explored region surrounding Metates and adjacent areas that would be positively impacted by an operating world class mine. Typically, satellite mineral deposits form clusters around large, world class deposits. Chesapeake’s organic project pipeline including new discoveries such as Crisy, would capitalize on the expanded road network and related infrastructure from the future development of Metates, stated Randy Reifel, President.

We are excited to commence Phase two and build on the success of Phase one as we further assess whether Cerro Caliche will be amenable to the development of a heap leach extraction operation, stated Kenneth MacLeod, President and CEO of Sonoro.

Mexican President Andres Manuel Lopez Obrador cancelled a gold mine project called Los Cardones in Baja California province on Sunday. The mine, located at one of the main aquifers of the southern area of Baja California, was a threat to the local water sources, according to Lopez Obrador.

El Gobierno del Estado buscará lazos comerciales con Canadá en el marco del PDAC, que es la convención de minería más importante a nivel internacional, que reúne a mil expositores de 800 empresas mineras, y congrega a 30 mil asistentes de 125 países.

This is an entirely new and previously unrecognized vein trend that runs opposite to the expected NW-orientations shown by veins mined for nearly 500 years throughout the known parts of the Fresnillo District. The JV exploration team deserves great credit for puzzling it out, said Dr. Peter Megaw, MAG Silver’s Chief Exploration Officer. We think these may be very important controls on the overall mineralization system because the Valdecañas Vein gets wider and richer in gold where Venadas and its suspected brethren cross it. Most importantly, the cuts to date are all at high elevations, so we are eager to drill them at depth to see if they improve like Valdecañas.

The Valdecañas Vein System continues to astound us with its multiple high-grade silver and gold overprintings on the increasingly base-metal rich Deep Zone and its overall persistence; it having now been traced for over 1,100 metres beneath the top of the Bonanza Zone where our mine development is currently advancing nicely, said George Paspalas, President and CEO of MAG. We are especially pleased with how each hole into the Valdecañas Vein East gives us a free shot on the way not only at the ever-expanding Anticipada Vein but also the fortuitously discovered Pre-Anticipada Vein. Because the drill spacing in the Deep Zone is still widely spaced, we expect the major impact on resources will be to the Inferred category, and that drilling off to Indicated may best be done in the future from underground.