Tag: Exploration and Development

CEO John Lawrence said “If a cyanide leach plant is not necessary at the Puerto Blanco mill, a tremendous savings in time and money could be realized for the startup of Los Juarez. Continued growth during 2016 is being funded internally to prevent the dilution of the shareholder base or taking on debt.”

Avino Silver and Gold Mines Ltd. regrets to report the death of two contractors on Saturday, March 5, 2016 due to an accident at the San Gonzalo Mine on the Avino Property in Durango, Mexico.

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.”

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale on March 4, 2016 of an approximate 625 Oz gold contained in concentrates.

Bruce Winfield, CEO of Defiance stated, “I am very encouraged by the drill results having again extended the high grade, wide zones of mineralization to 140m below the base of the current resource.These drill intersections demonstrated the robustness of the vein system as we move over 550m along strike. ”

N. Eric Fier, CPG, P.Eng, President & CEO stated, “Las Chispas is a very exciting brownfields exploration story. The project area consists of a district size target with multiple historic surface and underground mines that reportedly produced an estimated 100 million ounces of silver and 200 thousand ounces of gold between 1880 and 1930. Reported average production grades from limited public information were approximately 15 grams per tonne (gpt) gold and 1,700 grams per tonne (gpt) silver over widths of 1 to 5 metres. Our initial underground channel sampling of exposed mineralization has shown grades up to 15.1 gpt Au and 1,340 gpt Ag over 1.3 metres. To our knowledge, all mineralized zones in the district, which include multiple epithermal veins, have not been previously drilled. The underground rehabilitation program will help further assess the potential for near surface deposits and deeper extensions of mineralization. A majority of the underground workings have been inaccessible for over 80 years, and historic records suggest several previously developed areas were not mined due to closure around 1930. The Company is well financed with over $6.5 million and the 2016 exploration expenditures are expected to be in the range of $1 to $1.2 million.”

Golden Minerals Company announced today that it has started a 3,000-meter drilling program on the Santa Rosa vein in the San Luis del Cordero Project in Durango State, Mexico, under an exploration and exploitation agreement signed with the wholly-owned Mexican subsidiary of Prospero Silver Corp.

Prospero Silver Corp. is pleased to direct the reader to a news release published today by Golden Minerals Company where Golden announces the commencement of a 3,000-meter drilling program on the Santa Rosa vein at its San Luis del Cordero Project in Durango State, Mexico. This is pursuant to an exploration and exploitation agreement signed with Golden and Prospero’s wholly-owned Mexican subsidiary.

IMPACT Silver Corp. is pleased to announce more high-grade drill results for silver over wide widths from the Deeps Zone of the San Ramon Mine, located five kilometers southeast of IMPACT’s 500 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District of central Mexico. Results from these new drill holes are as follows:

Mr. Francis Biscan Jr., President of Firma Holdings Corp., stated, “We feel very fortunate to have secured this opportunity. With a project that has been advanced to the degree of Magistral, being fully permitted, with all the metallurgical work completed by a reputable firm, such as Kappes Cassiday, it is a very rare find for our company. Additionally, because of the way we were able to restructure various elements of the project, we have created a project that can be very attractive to a JV Partner or a direct funder. We believe the mining sector is looking for low cost production over exploration and we would attribute that to the interest from multiple groups that are actively engaged in due diligence and the desire to make an offer to partner with us in the production of Magistral. The ability for a project to be in production within a 120 days of funding, adds to interest and motivation to drive an attractive deal.”