Tag: Exploration and Development

The Company is pleased to announce the completion of its recent exploration program on its 100% owned San Timoteo property in Chihuahua, Mexico. The 2016 program involved using the Company’s Terraspec machine to analyze clay minerals from existing, property wide, drill core and other samples including samples from the area of the 500 level San Martin adit. The aim of this work was to allow the company to build a 3D model of clay mineralogy to aid in the planning of future drill holes. Because different clay minerals form at different temperatures they can be used to differentiate different levels in the epithermal system that deposited the mineralization. Different metals are deposited at various paleo depths as the mineralized solutions rise and cool. Base metals are deposited first in the deepest levels and are sometimes related to porphyry style mineralization. Porphyritic rocks have been encountered at San Timoteo and that potential may exist on the property at greater depth.

“We are deeply saddened by this tragic event,” stated Robert Archer, President and CEO. “On behalf of all of us at Great Panther, I wish to extend our most sincere condolences to the deceased’s family and friends, and to all of our co-workers at our Topia Mine. Regrettably, this accident comes even as we are continuing a complete safety review across all of our operations. All such incidents are unacceptable and we will continue to do everything possible to prevent a recurrence.”

Gold Resource Corporation reports preliminary production results for the second quarter ended June 30, 2016 of approximately 10,011 ounces of gold, 572,500 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Capstone Mining Corp. today announced production results for the three and six months ended June 30, 2016. Combined production totalled 28,100 and 52,700 tonnes of copper in the second quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.

Stewart Harris, Evrim’s Vice President of Technical Services commented, “The drilling program at the Ermitaño West target represents an excellent opportunity to add to the mineral endowment of a 10 kilometre by 15 kilometre trend, which includes Ermitaño East, Veta Valentina, Durazno area, and the Santa Elena Mine. Vein structures at Ermitaño West exhibit similar structural characteristics to the east-striking principal veins at Santa Elena and vein textures suggest a shallow level of exposure in this low to intermediate sulphidation epithermal system. The shallow level of exposure suggests that the most prospective part of the epithermal gold-silver system has been preserved beneath this untested target.”

En el marco de la celebración del Día del Minero, el secretario general del Sindicato Minero Metalúrgico don Napoleón Gómez Sada, Carlos Pavón Campos, pidió a los trabajadores que cuiden sus empleos.

Alset Energy Corp. is pleased to announce that the Company continues to move towards completion of the definitive agreement to acquire a right to earn 100% in the previously announced Mexican lithium, potassium and boron brine salar assets located in Zacatecas and San Luis Potosi, Mexico. Alset’s Mexican subsidiary, Grupo Minero Alset, has been incorporated and registered with the requisite government authorities. In addition, the Optionors, through Alset’s legal counsel in Mexico, are filing all documentation with the governing bodies with respect to the mineral concessions. Permitting for exploration and development work will start immediately after the completion of the definitive agreement.

Orex’s President, Gary Cope says, “As we look forward to the results of metallurgical testing and the initial resource estimate, we are pleased that diamond drilling is once again underway on Sandra Escobar.”

“We delivered a solid second quarter with total production coming in-line with our guidance,” said Keith Neumeyer, President & CEO. “I am most pleased to see the grade and recovery increases at Del Toro following improvements in dilution control and the implementation of a flash-flotation approach within the processing plant. In addition, the La Encantada plant resumed normal operations in early May following mechanical modifications to the crushing and grinding areas. These modifications required a temporary mechanical delay which resulted in lower milling rates throughout most of April. At Santa Elena, the operation continues to exceed our production expectations largely in part due to the continued success in mill optimization. As a result, metallurgical recoveries of silver at Santa Elena achieved a new quarterly record of 89% during the second quarter.”

Fortuna Silver Mines Inc. is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.6 million ounces of silver and 9,365 ounces of gold plus base metal by-products. Silver and gold production for the first six months of the year totaled 3.2 million and 18,629 ounces respectively; being 7 percent and 10 percent above the company’s mid-year projection. Fortuna’s production guidance for 2016 is 7.0 million ounces of silver and 42.8 thousand ounces of gold or 9.6 million ounces of Ag Eq.