Tag: Exploration and Development

David Coburn, CEO of Gainey, commented, “the commencement of the Phase 1 Drilling Program will target four out of the 21 high priority Mineralized Zones at El Colomo that have already been identified by the Company’s technical team. Our most recent exploration activity on the Project, which includes assay results and detailed mapping, gives us reason to be optimistic that the anticipated results of our Phase 1 drilling program will be the foundation of building a great company.”

Orex’s President, Gary Cope says, “Drilling continues to yield thick intercepts of disseminated silver mineralization showing continuity in the Main Zone. Identification of silver on Cerro Chato and in several other areas bodes well for the next phase of exploration.”

Marlin Gold Mining Ltd. is extremely pleased to announce that it has commenced mining at the high grade HS Zone at its wholly owned La Trinidad mine in Sinaloa, Mexico. The past one and a half years of commercial mining has been in preparation for this milestone, and over the course of the next weeks and months, La Trinidad will transition from being a high cost operation to become one of the lowest cost gold mines in the world.

A partir de 2013 y hasta el cierre de 2015, la cotización internacional del oro había ido a la baja: el año pasado cayó 10.42 por ciento a un valor de mil 61 dólares por onza; y al inicio de este periodo retrocedió 28.04 por ciento, evento que las empresas productoras del metal precioso compensarón con un incremento en su producción.

Riverside’s President and CEO, John-Mark Staude, stated: “The Sonora Orogenic Gold Deposits commonly have lenses of gold and often require several drilling campaigns and several dozen drill holes for a discovery. We are encouraged with the results of this initial phase of 8 core holes, which will help us establish a better understanding of controls on mineralization and guide future drilling and exploration efforts at Tajitos.”

Azure Managing Director Mr Tony Rovira said, “It’s very exciting that we were approached and offered this exciting new prospect. While our focus is clearly on advancing our Alacrán silver and gold discoveries, this new project provides us with an unexplored foothold in the middle of the hottest silver district in Mexico. Recent silver and gold discoveries and current mine developments within this district are major reasons for Azure to take a presence here.

Lawrence Page Q. C. President said “during the exploration of the CLM claims while Southern Silver was funding the option payments, it became apparent that ownership of surface rights to land overlying the mineral claims would be greatly beneficial for future development of the property. We have now accomplished the purchase of land which will be significant in any exploitation of the claims. Additionally, through our Mexican Corporation, which is the owner of the mineral claims, we have negotiated and executed exploration access agreements with the local Ejidos holding surface rights over the deposits allowing continued exploration on the property”.

Glenn Jessome. President and CEO of Oceanus, stated “During acquisition due diligence our team, which has extensive experience in large epithermal deposits in Mexico recognized that the previously unsampled drill core required sampling. We see the greater potential of the El Tigre property as a bulk tonnage target.”

Azure’s Managing Director, Tony Rovira, welcomed these results, stating, “Palo Seco was the first area that we tested when we started exploring Alacrán due to the presence of several historical mine workings. We’ve returned because of the potential size of the mineralised system and its obvious prospectivity for hosting significant precious and base metal mineralisation. The latest sampling results are very positive and I’m hopeful that future drilling may add Palo Seco to our list of mineral discoveries, joining the Mesa de Plata silver deposit and the gold-silver mineralisation at Loma Bonita.”

Jim Williams, Chief Executive Officer of Arian Silver, commented: “We have now initiated our metallurgical sampling programme on the Tailings at Noche Buena; bulk samples are currently being arranged for transportation to Denver and preliminary results are expected within the next few weeks. These results will enable us to undertake increasingly precise metallurgical tests to optimise the process flow required for the commercially viable production of gold and silver concentrate.