Tag: Exploration and Development

“We are very pleased to see our exploration efforts at La Yaqui translate into a substantial increase in mineral resources. In a little over one year of drilling, we have added nearly 450,000 ounces of gold, transforming La Yaqui from a satellite project to one of the most important deposits in the Mulatos District. Phase I development of La Yaqui remains on track and with continued exploration success, we look forward to further growth of the deposit,” said John A. McCluskey, President and Chief Executive Officer.

Orex’s President, Gary Cope says, “The third phase of drilling continues to yield thick intercepts of disseminated silver mineralization showing strong continuity in the Main Zone of the Boleras Deposit. The adjacent Burro Zone is also of interest, as are other silver targets in the immediate area of drilling.”

Radius Gold Inc.is pleased to announce that it has applied for mineral concessions totalling 37,000ha covering four lithium brine targets in northern Mexico. Further Radius is pleased to announce it has signed an option agreement with Advantage Lithium Corp. to fund exploration of the properties.

“Reconozco y celebro los esfuerzos que realiza Minera Fresnillo, sus trabajadores y las empresas contratistas que colaboran con ellos para alcanzar niveles óptimos de seguridad en sus procesos de producción, y sobre todo hoy que reciben su certificación por el correcto manejo del cianuro, cuidando a la vez la salud de sus trabajadores y la sustentabilidad del medio ambiente”, expresó.

Pan American Silver Corp. today announced that it has achieved important milestones at its two mine expansion projects currently underway in Mexico. At the Company’s La Colorada mine, the new 618-metre deep shaft was commissioned in fully automatic mode in early September, ahead of schedule. The shaft was constructed with a world-class safety performance of zero lost-time accidents incurred and using industry-leading raise boring and shaft automation technologies. The work remaining to complete the La Colorada expansion project includes a new filter plant, power line and underground development. The project is now expected to be completed approximately 5 to 10 percent under budget.

Trabajadores mineros son blanco continuo de la delincuencia, en lo que va del año las agresiones se multiplicaron. Autoridades de gobierno y directivos de las corporaciones, minimizan los hechos aunque trasciende que en reuniones privadas reconocen estar rebasados por la actividad de los delincuentes.

El gobernador Héctor Astudillo Flores afirmó que Raybel Jacobo de Almonte, El Tequilero, líder de una banda delictiva que opera en la región de Tierra Caliente, es el responsable del secuestro de trabajadores y del robo a la minera Beneficiadora de Minerales Temixco, localizada en Arcelia.

“With this permit in place, and a seasoned operator in H Morgan & Co. (Chester Millar), we now have the ability to rapidly advance the Santana project into production,” said Craig Schneider, Corex’s President and CEO.

Bruce Winfield, President & CEO of Defiance, stated, “We are very excited by the prospect of bringing the project to the next stage of advanced drilling with the goal of continually expanding the current resource to depth and along strike. With over 5.6km of strike length that is still well under-explored with similar geology, there still remains the potential for further discoveries at the San Acacio Project.”

Dunham Craig, P.Geo., Interim CEO commented, “While we suspected the William Tell Vein would extend to the south, we are very pleased to see this discovery in an area where we did not know what the vein mineralization, location or geometry would be. The high grade continuity in four of the drill holes within the potentially mineralized corridor is very encouraging and we are eager to begin a Phase 2 drilling program as soon as possible to further delineate the strike extension and depth. In addition, the discovery of two new vein intercepts grading above 700 gpt AgEq*, combined with all of the results received to date from drilling and underground channel sampling, reiterate a possible discovery of a district-wide area play. The crew in Mexico continues to gain further access within the estimated 11.5 kilometres of historic underground workings in both the Las Chispas area and Babicanora area for mapping, sampling and future drilling program design. We expect to report on further drill results and underground activities over the coming weeks.”