Tag: Exploration and Development

“Our first drill program at the Pilar Grande and El Granizo areas continues to provide important geological information on the continuity of copper-silver mineralization”, stated Michael McPhie, President & CEO of Prize Mining. “In detail, the areas are more structurally complex than we had anticipated but our geologists are working on an interpretation that will help guide our ongoing drill program.”

Thomas Atkins, President and CEO of Mammoth commented on the signing of this agreement, stating: “We’re exceptionally pleased to be partnering with Centerra in the exploration-development of Tenoriba. The depth of Centerra’s technical experience in these types of mineral systems, their experience in project exploration and mine development, combined with their financial strength and the economies in costs and services a company of Centerra’s strength and size can achieve have the potential to assist in advancing Tenoriba beyond what Mammoth could achieve on its own. “

The first autonomous Epiroc Pit Viper 271 drill rig has broken ground at BHP’s South Flank iron ore project in Western Australia, the mining major confirmed. This is the first of five autonomous drill rigs to operate at the mine, all of which will be controlled remotely from the BHP Integrated Remote Operations Centre in Perth.

J. Duane Poliquin, Chairman of Azucar commented, “We continue to advance our understanding of the Norte zone with the ongoing drill program. With our current understanding we have been able to plan holes to test for deep high grade mineralisation and to step out beyond the current known mineralisation. We look forward to reporting results as the program continues.”

Kootenay Silver Inc. is pleased to report that Aztec Minerals Corp. today announced high gold recoveries were achieved by cyanide leach analysis of five drill holes from the California porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico. The drill holes were selected from a northeast to southwest fence to represent the following main types of mineralization: oxide, mixed oxide-sulphide, copper enriched, and sulphide.

“We are very happy to see such high gold recoveries using the ALS-Chemex cyanide leach analysis, a clear indication that the precious metals in the gold oxide cap of this newly discovered porphyry gold-copper system are amenable to leach processing”, commented Joey Wilkins, President and CEO. “We plan to conduct more detailed metallurgical test-work on both leach and flotation recoveries in order to more fully un-lock the mineral potential of the California zone but these positive leach results are a great start.”

Un total de 240 trabajadores de la mina El Cubo serán despedidos, debido a la baja producción que proyecta tener el próximo año la empresa Endeavour Silver Corporation, de acuerdo con una revisión anticipada. La mina reduciría sus tres turnos a uno solo por día en 2019.

Due to the current short mine life at El Cubo, the Company plans to reduce the production rate in 2019 to approximately half its 1500 tonne per day capacity, at higher operating costs than 2018, while continuing to explore for new reserves to extend the mine life. More details will be provided when Endeavour releases its 2019 consolidated production and cost guidance in January.