Tag: Exploration and Development

Argonaut Gold Inc. is pleased to announce that it has completed a 22 hole reverse-circulation drill program totaling 5,139 metres at the La Colorada mine in Sonora, Mexico. The drilling was designed to test for the down dip extension of potential open pit mineralization at the El Creston deposit. The Company believes the results of the 2017 drill program, coupled with the results of 70 RC holes drilled during 2016 have the potential to expand the El Creston open pit beyond its current design.

Minaurum Gold, Inc. is pleased to announce that it has identified two new vein targets, Amalia and Nueva Europa, at its La Quintera project in southern Sonora State. Rock sampling from quartz veins at Nueva Europa has returned values up to 2,500 g/t Ag and 3,120 g/t Ag.

Recent drilling in the Terronera vein has expanded the main high-grade, mineralized zone down to 400 metre depths, still open to depth and to the southeast (view long section here). In addition to the main zone, drilling intercepted mineralized footwall and hangingwall splays. In some places the splays merge to form one very thick mineralized zone (eg. Hole TR11-3). None of the drill results reported herein are included in the upcoming resource estimate and pre-feasibility study for Terronera, and they indicate clear potential to expand resources within the Terronera vein.

Kootenay Silver Inc. is pleased to report additional leach testing of oxide and sulfide silver mineralization has begun on bulk samples from the Company’s La Cigarra silver deposit in Chihuahua State, Mexico, applying the proprietary SILVOX Technologies Inc. process.

VVC Exploration Corporation continues to cooperate with local, state and national officials as it pursues the objective of starting a copper oxide pilot mine on the Kaity Claim of Samalayuca de Cobre (Samalayuca Copper Project). VVC is confident that the Samalayuca Project can play a part in a national, state and municipal strategy aimed at promoting economic and social policies that respond to the needs and aspirations of the people in the Samalayuca area. Mining in the state of Chihuahua, Mexico is very dynamic and the company is proud to be a part of that dynamism and its contribution to the State’s economy. VVC is committed to supporting the economic progress of the region through the continued development of the Samalayuca Copper Project and doing so in an environmentally friendly and socially responsible manner.

Managing Director Will Dix commented: “Drilling to the south of our modelled mineralisation continues to support the Company’s view that significant base metal resources exist down dip and down plunge of the mine development. In addition, the recent identification of underground mineralisation at Tres Amigos North and Carola South provides encouragement that Consolidated Zinc will be able to add significant tonnes to the current Mineral Resource. Whilst our focus remains on moving the scoping study forward we will continue to pursue these areas and other targets to build our resource base. As well as this we will look at regional targets and aggressively pursue other opportunities as they are identified, be they within the current mine infrastructure or in new areas.”

“We are very excited by the exploration results from these emerging new districts” states Randy Reifel, President. “Generative studies and systematic work at Yarely has defined five mineralized zones that warrant drilling. A greenfield discovery at Yarely or El Paso would have the strategic advantage of capitalizing on any future development of a process plant and infrastructure for Metates.”

Telson Resources Inc. is pleased to announce that it has secured a USD $2 million credit line for leasing underground and surface mining equipment for mine development at its 100% owned Tahuehueto Project located in northern Durango State, Mexico.

Thompson Falls, Montana. United States Antimony Corporation reports significant price increases in antimony and that it has successfully transitioned from custom smelting antimony concentrates at the Madero, Coahuila, Mexico plant to its own mine production. This Company’s antimony business plan is to accelerate production from its Mexican antimony mines with internal cash flow. The mines had been idle for two years.

Mark Brennan, President and CEO of Sierra Metals stated “We have been seen tremendous growth in ore throughput and copper production at the Bolivar Mine over the past 5 years, however we have also seen ore grade erosion that has partly offset the expansion benefits of our earnings potential. Since 2015 we have been working aggressively to add new higher-grade, higher-value tonnage at Bolivar. Our objectives for 2017 are to increase production further, reduce costs and complete successful brownfield exploration that can be brought into the production schedule in 2018.” He continued, “The Bolivar district is prolific in its geological activity. We are optimistic that we can add resource tonnage while also improving ore grade. This makes us optimistic for our cash flows and EBITDA outlook in 2018.”