Tag: Exploration and Development

President Lawrence Page Q. C. stated “The identification of a significant low sulphidation epithermal, precious metal system at CLM West when added to the existing skarn-hosted mineral resources of the project would greatly enhance the prospects of the overall property and highlight the true district-scale potential of the Cerro Las Minitas Project with potential contributions from two distinct geologic systems”

“The execution of this unsolicited offtake agreement reinforces our confidence that the potential of the Pino de Plata project may be quite robust. The high grades of silver and base metals mineralization sampled on surface indicate the prospective tenor of grades we anticipate drilling to define significant resources,” stated Karl Boltz, CEO of Silver Spruce.

San Marco CEO Christian Grijalva stated: “We’re very pleased with the results we have generated over the past few months at Chunibas. We’ve been able to conclusively demonstrate that the copper mineralization on the Chunibas property represents a typical volcanic-hosted stratiform system, analogous to several known copper-silver Chilean deposits but previously unknown in Mexico. Now that we have confirmed both scale and consistency, the next step will be preparations for a drilling campaign to locate higher-grade areas and then expand those areas down-dip and along strike. The Company expects a drill program could start as soon as the rainy season ends, and local road conditions improve.”

Kootenay President and CEO James McDonald states, “Based on consistent anomalous silver and gold values both along strike and across excellent vein widths of up to 15 meters, we see good potential for the discovery of a classic high-grade vein hosted silver-gold deposit. The exploration team will continue to systematically map and sample the surface exposures found on the Property in the coming weeks to delineate drill targets.”

Thomas Atkins, President and CEO of Mammoth commented on these results stating: “Although we haven’t figured out all the controls to mineralization in this central area, as evidenced by the weaker assay results in hole TEN 17-09, drill hole TEN 17-10 continued to add a total of 61.5 metres of potentially economical gold in what is an approximate one-kilometre, northwest trend of mineralization in this area. “

El próximo mes de octubre Clúster Minero de Sonora A.C. recibirá el Distintivo Promotor RSE que otorga el Centro Mexicano para la Filantropía (Cemefi) y la Alianza por la Responsabilidad Social Empresarial (AliaRSE), que acreditan a la asociación como impulsora de políticas de Responsabilidad Social Empresarial entre sus empresas mineras, proveedoras y contratistas socias.

“Our exploration team continues to do an excellent job expanding the Arista Mine’s multiple vein systems,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation. “While the Switchback vein system continues to extend on strike, it is great to see new veins being discovered at the Arista vein system as well. We have a powerful epithermal system with a great mine and a lot of growth potential in front of us.”

Gregory Beischer, Millrock President & CEO commented: “We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources. Millrock continues to be a prolific generator of new projects that attract funding of major and junior companies alike.”

Taj Singh, P.Eng, President & CEO, states, “These new assay results from San Jose are the highest grades we’ve seen to date at the Project. These, along with the strong sampling results received over the past several months from our sampling program at Puerto Rico, have continually reaffirmed its potential as a world-class carbonate replacement deposit. The results are bringing the Project into focus, with several very strong drill targets emerging. Our understanding of the system has greatly increased since the beginning of the sampling program and we continue to expect drilling commencement in 2H 2018, once our surface exploration and drill targeting work is completed.”

Update on exploration activities and results for the Oposura, Sara Alicia and Alacrán Projects.