Tag: Exploration and Development

Fred Stanford, President and CEO of Torex stated: “These initial results illustrate the potential of the Morelos Property to continue to offer incremental ore sources to complement the production from the open pits, and potentially from Media Luna after the pits are mined out. ELD is ‘above the sill’, whereas Sub-Sill is ‘below the sill’. Both are accessed from the same underground infrastructure. ELD is where testing of the Muckahi Mining System will take place, starting this quarter.”

Carlos Silva, Santacruz’s COO stated, “Production at Veta Grande is steadily improving as a result of increased mine development during the year leading to additional stopes coming online and less reliance on previously mined mineralized material (Chorros) as feed to the mill. The ongoing mine development at the Armados, Navidad and Garcia mines has positioned our Veta Grande operations for continued improvements in 2019.”

Greg Crowe, President and CEO commented, “The strength of the soil geochemical anomalies near to a historically defined, manto or replacement style silver resource, in combination with geophysical anomalies strongly highlights Peñasco Quemado as a highly prospective drill target. The property hosts geological similarities to the silver-manganese oxide and zinc-lead-silver sulphide mineralization at the Hermosa and Taylor projects located just over 100 kilometres to the north in Arizona. These properties are currently being evaluated by South 32 acquired through the takeover of Arizona Mining in August 2018.”

Candente Gold Corp. is pleased to advise that exploration has begun on near surface targets on the El Oro property. Local geologists will be mapping and sampling to identify potential shallow trench and drill targets.

Los robos de minerales no son algo desconocido en México. En 2015, hombres armados robaron concentrado de oro con un valor estimado de 8.5 millones de dólares de una mina en el estado norteño de Sinaloa. Y Codelco, una empresa minera de cobre de Chile, descubrió un mecanismo similar al de Telson, pero a una escala mucho mayor que pareció haber robado toneladas de concentrado durante años.

Michael Harvey, director de Asuntos Corporativos de la empresa canadiense, señaló que con la resolución de la Corte, que declara constitucionales cuatro impuestos a la minería, el estado pierde atractivo ante los inversionistas.

Telson Mining Corp. President Ralph Shearing said compromised truck drivers worked with thieves who foiled security measures while the material was being transported from the company’s Campo Morado mine in the southern state of Guerrero to the port of Manzanillo on the Pacific coast.

Mining group Clúster Minero predicts that spillover will be worth 2 billion pesos