Tag: Exploration and Development

Riverside’s President and CEO, John-Mark Staude, stated: “We are encouraged by the exploration results obtained at the Canasta target which we acquired with partner Centerra Gold through the Mexico concession lottery system. The soil survey and rock samples have provided positive results that encourage Riverside to continue with drill target definition. We look forward to further exploration work being done at the Project leading to a potential drilling campaign later in the year.”

Igor Gonzales, President and CEO of Sierra Metals commented “Management are pleased with the updated reserve and resource report. The upward conversion of resources and an 83% increase in reserves which averages 19 g/t silver, 0.86% copper and 0.25 g/t gold or 1.14% CuEq** improves the mine life at Bolivar to more than seven years at the current throughput levels when compared to the previous estimate filed in April 2017.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Our exploration team, is very enthusiastic about what we have encountered with the first hole drilled into the sulphide zone of the Tabasquena epithermal vein. We have prepared a cross section of the discovery drill hole, as well as a plan map, and are including images of the entire intersection of the sulphide zone of the Tabasquena vein…”

Azure’s managing director Mr. Tony Rovira stated: “It is pleasing that the assay results from the final drilling into the East Zone at Oposura identified additional high-grade mineralisation close to the existing underground mine tunnels. The extra drilling that the Company undertook into the East Zone has also significantly improved our understanding of the geometry of the deposit, enabling more detailed mine planning to be undertaken. These results provide the Company with scheduling optionality for early stage open pit and/or underground mining.”

Minera Alamos Inc. (TSX VENTURE:MAI) is pleased to report that it has now completed the second phase of its bulk testing heap-leach activities at its 100% owned Santana gold project in Sonora, Mexico. The Company is now performing a full review of the leaching results as part of if its final project evaluation prior to making commercial production decisions for the project.

Taj Singh, P.Eng, President & CEO stated, “First assay results from the sampling program at Minerva corroborate our field observations that there is a significant amount of silver, lead, and zinc mineralization in and around the Minerva intrusive complex at surface and compelling evidence for mineral potential at depth. For the next two months our focus will be to continue to systemically map, sample, conduct geophysics, and plan for drilling at Minerva.”

Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. The core drilling program will consist initially of 1,650 meters in seven holes, ranging from 150 to 250 meters in depth. These holes will target the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects.

Kootenay President and CEO James McDonald states, “We are very excited about the potential at Copalito. It is a rare opportunity to find a project with such good surface values and vein widths in Mexico that has not been thoroughly drilled. We will be mapping and sampling the veins at surface to identify the best grading areas in the first step towards drill testing.”

“Mapping, trenching, a soil survey and geophysics will be completed in May and June to refine drill targets while the required drill permits are being processed, after which a 3,000 metre drill program is planned to start in July,” commented Evrim CEO, Paddy Nicol. “We will also prospect and map several soil colour anomalies within recently staked concessions that have a similar appearance to the argillic alteration found within the pre-existing Cuale claims.”

Christian Grijalva, San Marco’s Vice President stated, “We believe the Espiritu SMR property is highly prospective ground demonstrating significant upside exploration potential. The geological endowment warrants further exploration efforts with “modern day” vectoring and targeting tools. Preparations are being made to initiate an exploration program to evaluate the overall potential of Espiritu SMR which is the host for both porphyry gold-copper-moly and silver-lead-zinc replacement mineralization.”