Tag: Exploration and Development

Jim Williams, Chief Executive Officer of Arian Silver, commented, “This is a significant step towards acquiring a low-cost production asset in which we see significant potential for gold and silver to be extracted in the near-term through a simple and inexpensive process, as compared with traditional hard rock mining ventures. With the successful closing of the £700,000 placing last week, we are ideally placed to complete the necessary studies to determine a cost effective, saleable gold and silver product from the Tailings Project.

“Estamos en un estado en donde no hay maquiladoras, no hay fábricas, no hay textileras. Dependemos del gobierno del estado, del sector turístico y ahora, del minero”, dice Nava.

“This agreement with Golden Minerals cements our existing land position in the Zacatecas Mining District. With our work at the Veta Grande Mine progressing well management believes that this strategic acquisition agreement will allow the Company to systematically explore and develop the Veta Grande Mine and surrounding area for the foreseeable future” said Arturo Préstamo, President and CEO.

Almadex Chairman, J. Duane Poliquin commented, “I have been involved with this project since the early 1990s and believe very strongly in its mineral potential. This sale to McEwen is beneficial to Almadex as it puts US$250,000 in the treasury immediately while preserving upside for shareholders through the creation of a new NSR royalty. Given McEwen’s presence in the area, they are best placed to develop these assets in the near term.”

El estado mexicano de Guerrero, actualmente el más violento y pobre del país, cuenta con una enorme riqueza de minerales como la plata, zinc, plomo y oro, atrayendo así a importantes corporativos mineros para su exploración y extracción, quienes ahora buscan, a través de un clúster, generar una cadena de valor para reactivar 37 sectores productivos de la zona.

La empresa canadiense Media Luna dio luz verde al proyecto “El Limón- Guajes”, mina que tiene una proyección de vida de 15 años que generará 4 mil empleos directos y mil indirectos en la región.

Azure’s Managing Director, Mr Tony Rovira commented: “We have made excellent progress during the last quarter, in particular the completion of the Mesa de Plata resource drill out. The Mineral Resource is in the final stage of estimation and is expected to be released shortly. Azure has rapidly progressed Mesa de Plata from first discovery in September 2015 and we are confident that the resource estimate will demonstrate the significance of the Project.

Guajardo Villarreal argumentó que el país tiene gente esforzada como sus campesinos, ejidatarios y obreros, que “mandan ese mensaje de que somos más los buenos que los pocos malos que quieren generar inestabilidad y violencia”.

Gainey’s renowned geologists: Larry Segerstrom, Director and QP of Gainey, and Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., have signed-off on 21 priority drill targets totaling 5,800 meters, which could be divided into various tranches. These targets are within mineralized zones at El Colomo, which include:

N. Eric Fier, CPG, P.Eng, President & CEO stated, “We continue to systematically complete our planned underground rehabilitation program at Las Chispas to evaluate areas of known high grade silver-gold mineralization. To date, we have accessed two kilometres of the estimated six kilometres of underground workings. Our first detailed underground channel sampling, as reported below, indicates continuous high grade areas that are easily accessible for potential future mining. In late March, we also commenced a surface drilling program to test extensions of known mineralized veins for potential new discoveries. For the next three months, we will be focusing on continually accessing historical underground workings to assess further high grade continuous mineralization.”