Tag: Exploration and Development

Orex’s President, Gary Cope says, “The third phase of drilling results continues to show strong continuity of the mineralized unit and will be added to the drill hole database for next month’s upcoming Resource Estimate.”

Greg Crowe, President and CEO noted: “It is very encouraging to see such strong investor interest in Silver One, in what is shaping up to be a resurgent silver and precious metals market. With the closing of the Private Placement Financing and the Transaction with First Mining, Silver One can now begin advancing its newly acquired silver assets.”

“We are very pleased to receive high grade results right at the outset of our initial sampling program at La Quintera.” stated Darrell Rader, President and CEO. “We have now commenced an exploration program to locate further high grade silver zones and to define drill targets.”

Argonaut Gold Inc. regrets to advise that an employee of its Mexican subsidiary Minexson S.A. de C.V was fatality injured as a result of an incident on Sunday, September 25, 2016.

“This new resource estimate highlights the important progress we’ve made since the last resource estimate” said Avino President and CEO, David Wolfin. “During the past ten years, our mine site exploration efforts have been successful, consistently identifying new resources.”

Mexus Gold US President Paul Thompson is happy to report that his recent visit to the Santa Elena mine was successful and confirmed that the project is still on track to be in production late October 2016. The recent storms which passed through the area slowed progress at the mine site but the crew continues to push forward.

Candente Gold Corp. is pleased to announce that Sun River Gold has delivered test results and advised the Company that it has identified a treatment process which it believes could be the basis for a gold and silver recovery operation on the Company’s Mexico Mine tailings project in El Oro, Mexico.

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased with progress at Thor with encouraging initial exploration results and mineral title and access agreements now in hand. We look forward to additional exploration targeting work and drilling to follow. We are keen to test these copper target areas in a geologic area that has seen little previous exploration.”

“I am exceptionally pleased with the results achieved by our Black Fox and San Dimas exploration teams,” stated Ernest Mast, President and Chief Executive Officer. “At Black Fox, the Deep Central Zone is now delivering production ore and we have successfully identified additional high-grade mineralization to the west. At San Dimas, it is reassuring to see that our high-grade veins can continue to be extended with similar or greater widths than currently being mined. And as we look regionally at San Dimas, onto our concession not covered by the Silver Purchase Agreement I am optimistic about the initial results from the Causitas vein which has the potential to augment current mill feed given its proximity to an existing main road. The Causitas area, located in the Lechuguilla concession, is highly prospective and I look forward to announcing additional exploration results from a drilling program from this area before year-end.”

Dunham Craig, P.Geo., Interim CEO remarked, “The remaining drill hole results from the Phase I drill program intercepted the Las Chispas vein which has further demonstrated continuity of high grades and potential mineable thicknesses. Phase II exploration work will continue to define the Las Chispas vein for resource estimation expected in H1 2017. As we continue to systematically explore this district-wide discovery with multiple undrilled epithermal veins, we could potentially have several more discoveries. The Babicanora area (no previous drilling), immediately adjacent to Las Chispas and William Tell veins, is considered the largest target in the district and will be tested in Phase II exploration.”