Tag: Exploration and Development

Orex’s President, Gary Cope says, “We are pleased that diamond drilling is once again underway on Sandra Escobar. This next phase will include both drilling adjacent to the current Boleras Silver Deposit, as well as several deeper reconnaissance drill holes.”

JUST as the zinc price hit a five?year high this week, Consolidated Zinc announced preliminary results from regional exploration activities that show very encouraging signs. Zinc moved beyond US$2450/t earlier in the week, even edging towards $2,480/t at one point.

“This is an exciting new step for the company,” Mr Dix said. “While we have seen success from the drilling activity below the existing mine, we have also been keen to progress the regional exploration activity and this first phase has given us great encouragement that the environment is conducive to hosting additional mineralisation.”

El pasado 31 de octubre, la Mina El Chanate, ubicada en el municipio de Altar, Sonora, logró el record de tres millones de horas-hombre sin accidentes incapacitantes; esto representa 667 días sin accidentes. Esta meta se ha cumplido gracias al compromiso y cultura de los colaboradores de Minera Santa Rita junto a sus contratistas Sinergia Obras Civiles y CAT Nuñez quienes mantienen el valor principal de la empresa que es “Llegar a casa seguro todos los días”.

Pete Dougherty, President & CEO stated: “With the receipt of the final major permit for San Agustin and an expected after-tax IRR of 50%, the board approved the construction of the project. We view San Agustin as a low-risk, high-return project where we are able to utilize numerous synergies with our nearby operating El Castillo mine. The El Castillo and San Agustin deposits are very similar geologically, as is the characterization of mineralization. This allows us to incorporate similar mining and processing procedures at San Agustin that we currently utilize at El Castillo.”

Since September 15th, when Marlin began consistently mining the high grade HS Zone, the Company has stacked almost 19,500 ounces of gold with 18,052 coming in October alone. The tonnes stacked in October had an average grade of approximately 4.30 grams per tonne. In addition, Marlin has built up an approximately 50,000 tonne stockpile of mineralized material at similar grades waiting to be crushed and stacked onto the leach pad.

Endeavour Silver Corp. announces closing of the acquisition of a 100% interest in the Parral properties from Silver Standard Resources Inc. The Parral properties are located in the historic silver mining district of Hidalgo de Parral in southern Chihuahua state, Mexico. The properties cover 3,432 hectares, are accessible by paved highway, and contain large veins traceable for eight km. Details of the acquisition were announced by news release dated September 14, 2016.

San Marco’s CEO, Bob Willis stated; “we’re excited to be back at work at Chunibas, completing the multi-faceted exploration program the project deserves. Initial work has shown that mineralization is much more extensive than records indicated, and that there is potential for bulk tonnage zones in addition to narrow, high-grade targets. The current program will position us to carry out an efficient and cost effective program of trenching and drilling on this 100% owned project.

“Our geological team at the Pinos Project has demonstrated continuity of gold mineralization below the known workings on the Cinco Estrellas Vein structure,” stated Ramon Perez, CEO of Candelaria Mining, “The Company plans to continue exploring in areas of high-grade mineralization on the Cinco Estrellas vein and other veins in the district.”

Kootenay Silver Inc. is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone as part of its initial 3,000 meter drill program on its 100% owned La Cigarra silver project, located in Chihuahua State, Mexico. The 11 holes tested the northern 500 meters of strike on the Ram structure. Management believes the RAM target has potential to host high-grade silver mineralization within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Assay results will be released once received and compiled.