Tag: Exploration and Development

Torex Gold Resources Inc. announced today its first gold pour of an estimated 350 ounces, and a similar amount of silver, in Dore, from its 100% owned El Limon-Guajes Mine in southwest Mexico. The entire processing circuit, from crushing through to dry stack tailings disposal, is now operational and has been used in the production of these first ounces.

“Goldcorp was the first gold-mining company in the world to have each of its wholly-owned mines certified under the ICMC, so it is appropriate that we have become the first to successfully decommission a gold mine under the auspices of the ICMC,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “This represents an important step forward in Goldcorp’s commitment to safe, responsible operations throughout the entire life cycle of our projects.”

GREAT PANTHER SILVER LIMITED has completed the 2015 surface diamond drill program at its Guadalupe de los Reyes project in Sinaloa, Mexico. The program successfully focused on infilling and expanding higher grade areas within the Guadalupe, Noche Buena,San Miguel and Zapote zones. Results are highlighted by 9.2 metres (6.51 metres true width) assaying 11.28g/t gold and 212g/t silver in hole 15-GDLR-10 ( Noche Buena zone).

El Gobernador del Estado Miguel Alonso Reyes, y el Presidente Municipal, Gilberto Dévora Hernández, encendieron el Árbol de la Unidad Fresnillense frente a la alcaldía, y posterior acudir a la Megaposada en el Monumento a la Bandera ante más de 3 mil personas donde tambein se realizó la inauguración de la Pista de Hielo.

Andrea Zaradic, (President & CEO of Northair) commented, “We are very excited about the recent field results from the mapping and sampling program completed by the Company within the Nogalera area. These results further support the possibility of a mineralized body on the western flank of the La Cigarra resource area (the “West Flank”), which displays similar structural geometry as identified at Las Carolinas. Fieldwork will progress at Nogalera as the Company continues to gather additional information on this important target.”

Managing Director, Mr Tony Rovira commented, “Metallurgical recovery was always going to be critical to this deposit and these very favourable results provide us with the confidence to continue progressing the project with further development studies.”

In December of 2014, the company announced the expansion of the mill to 3,000 tpd and the construction of a dry stack tailings deposit and filter facility. Construction activities for both projects are moving ahead according to plan and are below budget.

Unlike any previous drilling, strong gold and tungsten mineralization was cut in the final hole, which was drilled farther east than any previous drilling. Hole SA15-35 (See Map in Figure 1 and Table 1), cut two zones of coherent gold mineralization at 895-931 metres downhole depth: 9.33 m grading 1.01 g/t gold; including 0.88 m grading 3.6 g/t gold and 8.07 m grading 1.36 g/t gold; including 2.31m grading 2.96 g/t gold. These zones occur in scheelite-bearing skarn which extends from approximately 650 m to 931 m downhole depth. The highest grade tungsten (“W”) is 0.9 m of 0.38%. A broad zone of dispersed zinc mineralization (29.9 m grading 0.5%) lies just above the gold zone. Check-assaying at SGS confirms these gold results.

“We feel great remorse over the loss of our colleague Enrique Ortiz, an experienced underground miner at our San Dimas mine,” said Ernest Mast, President and Chief Operating Officer. “Work-related losses are felt deeply by the Primero and Tayoltita communities and we send our deepest sympathies to Enrique’s family and friends. The safe operation of our mines remains Primero’s top priority, and we will continue to work hard to eliminate all work-place accidents.”

El Gobernador Héctor Astudillo Flores ha reconocido que en Carrizalillo “hay un desencuentro entre dos grupos de ese pueblo”. Ha dicho que “es un lugar que se ha convertido en algo muy delicado y [al que] hay que ponerle mucho cuidado”. Pero el oro de una mina, una de las más productivas de América Latina, podría ser la razón de una guerra que deja ya muchos muertos.