Tag: Exploration and Development

“Avino is pleased to report another solid quarter of production results. During the quarter we produced 629,780 silver equivalent ounces. In the same quarter last year, we produced 819,300 silver equivalent ounces, however, during the current quarter we replaced the bearings in the ball mill in Mill Circuit 3 which contributed to lower milling rates. Up to this quarter, Avino had delivered 11 consecutive quarters of comparative growth; with these repairs complete we’re excited about our ability to maintain smooth and consistent operations with the transition to commercial production at the Avino Mine now complete.

GREAT PANTHER SILVER LIMITED announces that the processing plant at the Topia Mine in Durango, Mexico has resumed full operation. The area of Tuesday’s accident has been locked down pending completion of an investigation by the relevant authorities and, to this end, the Company is providing its full support and cooperation.

“A very thorough reconnaissance program of surface mapping and sampling was performed over the La Fortuna concession area by the previous owners,” said Miguel Cardona, Vice President, Exploration at Minera Alamos. “The compilation of this data and available historical information has allowed us to define geological models for potential ore deposits across the entire project. Recommendations are now being developed for further exploration work”.

“We ended the quarter with our strongest production rates to date thanks to operational improvements made over the past six months that took effect,” said Brad Langille, President and CEO. “Shareholders can continue to expect a steady rise in production quarter over quarter for the remainder of the year.”

“Great Panther’s second quarter production of 1.04 million Ag eq oz was consistent with the previous quarter and is in-line with the Company’s annual guidance, reflecting our continued focus on operational efficiencies”, stated Robert Archer, President & CEO. “The increase in gold production and decrease in silver production compared to a year ago and to the first quarter of 2016 are a direct result of the increased production from San Ignacio, which has a higher gold to silver ratio. By maintaining consistent production at low cost, Great Panther is well positioned to benefit from the recent rise in commodity prices.”

“This option agreement with Fresnillo, the world’s largest silver producer, confirms Plata Latina’s exploration model of discovering hidden, high grade silver-gold districts within the Mexican Silver Belt and also supports our belief in the significant potential at Naranjillo,” commented Plata Latina’s President and CEO, Mike Clarke. “Fresnillo has been actively exploring adjacent to Naranjillo at their Cerro Blanco project and they are particularly well suited to advance the Project forward should Fresnillo exercise its option. Their involvement recognizes the potential value of Naranjillo, provides Plata Latina with further upside via the royalty we retain and provides working capital to advance our other exciting projects such as La Joya and Vaquerias. La Joya is the same conceptual target as Naranjillo and Vaquerias is located between two world class high-grade silver districts. Early stage first phase drilling already has identified a much shallower hidden vein system at Vaquerias, with initial results of up to 737 g/t silver over 0.55 metres*.”

Azure’s Managing Director, Mr Tony Rovira said: The discovery of gold at Loma Bonita in such close proximity to the Company’s Mesa de Plata silver deposit was very exciting. These positive metallurgical test results are highly encouraging and indicate that Loma Bonita has the potential to add significant value to any future combined production with Mesa de Plata.

Pan American Silver Corp. today announced that it has achieved a significant milestone in the expansion of its La Colorada mine in Mexico, with the successful commissioning of the new sulphide ore processing plant. The new plant began processing sulphide ore on July 1, 2016, achieving production throughput rates of over 1,400 tonnes per day and over 14,000 tonnes treated by July 10. Throughput rates will be slightly reduced until the mine shaft and additional underground development have been completed to provide higher ore supply.

“We are very pleased with our operating performance during the quarter and year to date,” stated Arturo Bonillas, President of the Company. “Gold ounces produced this quarter increased by 13% over the same period last year. Production for the quarter exceeded expectation due to the pit yielding more tonnes at a higher grade with a lower strip ratio than plan. We have successfully implemented multiple cost reductions this year (including mine-site G&A, mining and cyanide cost reduction), and we will continue to look to drive costs lower and increase operational efficiencies.”

Alset Energy Corp. is pleased to announce that the Company has signed the final agreement to acquire the right to earn a 100% interest in the previously announced Mexican lithium, potassium and boron brine salar assets located in Zacatecas and San Luis Potosi, Mexico. After a review of all data and completion of a site visit by Alset and its advisors, the Company has decided to acquire four large concessions containing seven top priority salars which include, Caliguey, La Doncella, Colorada, La Salada, Santa Clara, Saldivar and Chapala. Although there are several other salars noted on these four concessions, very little work has been completed on them to date. The Company selected these salars due to their attractive lithium, potassium and boron values from limited shallow sampling down to a depth of five metres. Of particular interest is the La Salada salar where preliminary and unaudited analyses of samples from the southern half of the salar returned grades frequently exceeding 1500 mg/l with occasional values over 2000 mg/l lithium, 8% potassium and 60 mg/l boron. The depth and grade beneath 5 metres is unknown at this time but preliminary geophysical surveys indicate a possible depth of 70 metres.