Tag: Exploration and Development

“While we are continuing with the geotechnical evaluations and assessments of the remaining capacity at the existing tailings facility, we have made the decision to suspend processing at Topia”, stated Robert Archer, President & CEO. “This will provide the opportunity to safely engage in improvements at the processing plant concurrently with the construction of the new TSF while continuing with mine and resource development. During the period of the shutdown we will maintain full employment at Topia as mining operations will continue and plant personnel will be employed in the upgrade and maintenance programs, training and other activities.”

The option agreement between First Mining and Exploraciones Mineras Peñoles, S.A. de C.V. (an indirect Mexican subsidiary of Industrias Peñoles S.A.B. de C.V. (Peñoles, BMV: PE)), which was previously announced on November 20, 2015 and which granted Peñoles an option to acquire First Mining’s Puertecitos and Los Tamales copper properties in northern Sonora, Mexico, has been mutually terminated.

Silver Spruce Resources Inc. is pleased to announce that it has signed a binding and exclusive Letter of Intent to purchase and explore a submittal prospect near Chinipas, in far western Chihuahua State, of over 300 hectares, where field crews sampled 8.42 grams per tonne (g/t) Gold (Au), 8.04 g/t Au and 3.95 g/t Au in chip channel samples from mineralized outcrop in late September.

Allan Barry Laboucan, President and CEO of Alset Energy said: “One of our near-term project initiatives of re-sizing the concessions is well underway. With our largest concession completed, we can now continue with the reduction followed by splitting into smaller parcels of Sutti 22 as it remains advantageous and cost effective to do so. We are progressing expeditiously with our ongoing drill permitting and we are awaiting results from the laboratory for samples recently submitted that will provide us with insight into grade and recovery of lithium.”

En el marco del evento Quality Festival organizado por Latín American Quality Institute, la empresa Minas de Oro Nacional, subsidiaria de Alamos Gold, recibió el reconocimiento Latin American Quality Awards.

Almadex Chairman, J. Duane Poliquin commented, “At the beginning of this year, we anticipated drilling several of our projects, including Los Venados, but our success at El Cobre has dictated that we change plans and focus our technical resources there. In that context we are pleased to option Los Venados to a group which is keen to advance the project through drilling.”

J.D. Poliquin, chairman of Almaden stated, “Today’s results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, we are also conducting exploration drilling to test for additional resource potential.”

El corporativo minero canadiense Endeavour Silver anunció el cierre de la adquisición de una mina con contenido de plata en Hidalgo del Parral propiedad de Silver Standard Resources Inc y la inversión de dos millones de dólares en exploración durante los próximos dos años.

En la ciudad de Zacatecas el director de la industria Fernando Alanís y Octavio Alvidrez de Fresnillo PLC, inauguraron las actividades donde participan 237 trabajadores de 16 secciones sindicales.

Kootenay President and CEO James McDonald states, “Results from the first 11 holes of the program confirm RAM is an entirely new silver discovery and development of this mineralized structure will remain a top priority for the Company. The strength and consistency of veining within the structure bodes well for the discovery of further silver resources at depth and along both strike directions. Drilling returned good continuity of silver grades across a 400-meter strike length and widespread silver mineralization was encountered in all but two of the eleven holes, confirming the structure’s large-scale potential. Moving forward, the close proximity of the RAM structure to our established La Cigarra silver resource offers excellent potential for future shared infrastructure and economies of scale, as we continue to develop RAM and advance our main La Cigarra deposit towards the economic stage.”