Colibri would also like to report that Agnico Eagle Mines Limited has started a drill program with two drills on the Pitaya property in Mexico, which is a joint venture property between AEM and Colibri. AEM is the project operator on this property. Colibri will release the results from this drill program when they become available from AEM.
Akiba Leisman, Executive Chairman and Interim CEO states that an intercept of 15.55 grams per tonne gold over 15.45 meters in an open pit heap leach mine is extraordinary, but it is not unique at our mine. These are grades higher than what was mined in December and January when the company sold approximately 20,000 ounces of gold at less than $300 per ounce total costs. We are well advanced on our south pit layback, and we are excited to be mining this type of high grade mineralization later this year.
“We are excited for our Arista Mine’s continued growth with these latest Switchback vein system high-grade gold and silver results,” stated Mr. Jason Reid, CEO and President of Gold Resource Corporation. “This bodes well for the Switchback vein system growing as big as, if not larger than, the Arista vein system. Mine development on several levels of Switchback continues. We target bulk tonnage mining this area in 2018, as we intend to develop a substantial portion of this exciting expansion of the Arista Mine during 2017.”
Timmins CEO, Greg McCunn, commented: This is a major de-risking step in the advancement of our Ana Paula Project. Receiving the approval of the MIA from SEMARNAT adds to our confidence in executing the project in accordance with our timeline. We expect to publish our Pre-Feasibility Study for the project later this quarter which will substantially improve upon our confidence in the mineral resource, the metallurgy and the project economics.
Neil Woodyer, CEO stated Today marks a strong beginning for Leagold with the Los Filos mine becoming our platform for growth. We have transformed into a low-cost gold producer in Mexico and we will immediately focus on optimizing the mine and progressing the drilling programs and related preparation work for the development of a new underground mine at Bermejal. We look forward to working with the Los Filos management team, the Los Filos workforce, and our local community partners as we develop and expand Los Filos for long-term success. In addition, we continue our search for additional acquisition and growth opportunities in Latin America, as we seek to grow into a multi-mine operator and create the next intermediate gold producer.”
Non-governmental organizations have accused a Canadian mining company of conducting exploration in Puebla without environmental permits.
Canasil Resources Inc. announces assay results for drill holes ES-17-16 and ES-17-17 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. These drill holes intersected multiple silver-zinc-lead mineralized intercepts reporting both wide as well as high-grade intervals from the La Esperanza vein, indicating a strong mineralized system which remains open along strike and to depth.
Galore Resources Inc. is pleased to announce that it is nearing completion of a geological mapping and sampling program on the San Jose and Los Gemelos claims on the Companys 20,000 hectare (49,420 acre) Dos Santos project in Mexico. The Company is moving efficiently and effectively in developing its new exploration model through field mapping, sampling and integrated structural analysis.
Commenting on the quarterly performance, Chief Executive Officer, Greg McCunn, said, The San Francisco mine had a very strong first quarter of the year with gold production ahead of guidance due to operational improvements made in the crushing and leaching circuit resulting in better gold recovery and the initiation of a project to recover gold from a previously closed leach pad. While these improvements are expected to allow us to achieve the upper end of our annual guidance of 70,000 to 75,000 ounces for 2017, we are continuing to re-engineer our life-of-mine plan for San Francisco and expect to publish the updated plan this quarter. We are excited about the potential to improve upon the existing plan for 2018 to 2022.
Levon Resources Ltd. announces that it plans 5,000m (28 core holes) in close spaced, infill drilling within the Cordero Felsic Dome portion of the 2014 Cordero resource, to test for near surface, high grade mineralization within the modeled open pit containing the 2014 Resource, calculated by Independent Mining Consultants. Preparations for the drill program are being completed for an April 2017 start up.
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