Tag: Exploration and Development

Recent surface exploration work conducted by Northair included 15 channel and rock samples taken from veined faults traced over a distance of approximately 100 metres near the eastern margin of the La Colorada intrusive center. This work returned 125 g/t silver over a 1.5 metre channel width with 7 samples reporting values greater than 10 g/t silver. Additionally, 7 rock chip samples returned greater than 0.10 g/t gold, with 3 samples reporting over 1.0 g/t gold. The highest grade channel sample returned 6.92 g/t gold over a 1.5 metre width.

Almaden Minerals Ltd. is pleased to announce partial assay results from Almaden’s Ixtaca Zone exploration and development program at the Company’s 100% owned Tuligtic project, Mexico. Drill hole TU-15-457 was drilled into limestone hosted mineralisation in the core of the updated PEA pit, between holes on section 10 + 500, in order to better define the high grade zone and to provide additional metallurgical sample material for the final stages of the Company’s ongoing Pre-Feasibility metallurgical program. Highlights from hole TU-15-457 released today include the following intercepts:

“The first phase of commissioning of the refurbished Veta Grande processing plant has gone according to plan. Going forward the mill-feed for the plant is expected to be sourced solely from newly developed underground mine workings, which should result in a steady increase of the silver grades and improved recoveries,” stated Arturo Préstamo, CEO of Santacruz. “We have been very pleased with the progress achieved both in the mine and at the Veta Grande plant. The operations team has done an excellent job refurbishing this asset and making improvements that will benefit us as we progress through the year. In addition we are assessing the opportunity to deliver Veta Grande mill-feed to the Rosario Mine in order to leverage the available capacity at the Rosario milling facility. Any such decision will not impact the primary objective of maximizing production at the Veta Grande Mine.”

Mr. Alain Lambert, Chairman and CEO of Cyprium commented: “The rehabilitation of shaft #3 is an important step towards restarting production at Potosi. The rehabilitation of shaft #3 is expected to take about six weeks at which point we expect to be able to start small scale production.The goal of this project is to gain access to mine levels 3 and 4 which were last mined between 2010 and 2012. Once production resumes, Cyprium intends to send the mineralized material extracted through shaft #3 of the Potosi silver mine to the Aldama plant.”

Familiares e integrantes del sindicato minero participaron ayer en una marcha silenciosa en la Ciudad de México para recordar a los 65 trabajadores que perdieron la vida en Pasta de Conchos.

Steve Regoci, President and CEO, commented: “After 15 initial shallow drill holes and follow-up field work, it’s apparent that Silver Eagle has a potential strike length in excess of 2 km and hosts multiple lenses with average grades of 600 g/t Ag and widths of 1-5 meters. Discovery hole SE-14-01 returned 2,010 g/t Ag over a true width of 5.6 meters.

Orex Minerals Inc. is pleased to announce that the initial 2,000 metres diamond drilling in 17 holes have been completed on the Sandra Escobar Project in Durango, Mexico. The diamond drilling program will be extended a further 3,000 metres in Phase-II, commencing in the first week of March. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc.

Bob Boaz, CEO, states “we are pleased to consolidate a 100% ownership interest in the Taviche Project and to extinguish the joint venture royalty clause with Intrepid with the completion of this acquisition. With the ownership simplified to one party, the Company hopes to attract additional interest in the project from other potential mining parties. We remain excited about the potential for expansion and discovery of new gold and silver resources at the Taviche project, particularly with the discovery of promising new drill targets which were determined by recent reanalysis and consolidation of all the Company’s exploration data.”

The first stage of this drilling campaign will be focused on testing the high priority Loma Bonita prospect, where extensive, highly significant gold and silver grades have been identified by surface sampling (ASX: 16 & 21 October 2015). This mineralisation is hosted in residual quartz (both vuggy and strongly silicified) similar to that which hosts the silver mineralisation at Mesa de Plata. The drill rig has been mobilised to site and drilling of the first hole has commenced.

Jason Weber, President and CEO of Alianza stated, “With the sale of our Mexican properties to Almadex, a company with great experience in exploring in Mexico, Alianza streamlines costs while remaining focussed on our early stage and generative projects in Peru, Yukon, and Nevada.”