Tag: Exploration and Development

Teck has informed Azure that it will be continuing its planned exploration on Alacrán, which will comprise further geological, geochemical and geophysical surveys in the first half of 2018, to be followed by additional, results-driven drilling in the second half of the year.

Sable Resources Ltd (TSXV: SAE) is pleased to announce that drilling has begun on the Margarita Project after the Company received permits from the government of Mexico and access agreements from the surface rights holder. The initial program consists of over 4,000 m of core drilling to test the 1.7 km of silver bearing epithermal quartz veins. This Phase 1 drill program will be expanded should positive results warrant additional drilling.

Brian Robertson, President and CEO commented, “We are very pleased with the results of the drill program which focused on resource expansion and confirmation of grade continuity. Step -out drilling at the El Dorado/ Juan Ban and Santa Cruz zones continues to expand the boundaries of the maiden resource, both along strike and to depth. The infill drilling continues to support the consistency of the grade distribution within the deposit These results are very positive for a significant increase in the maiden resource.”

“We are very pleased to find this high-grade intersection on what appears to be a south-east extension of the Main Zone.” says Colibri President & CEO Ron Goguen. “Additional holes of the Phase 1 program will test for continuity within the Main Zone and further step-outs along the mineralized trend to the south-east as well as the north-west.”

Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) reports drilling results for the Los Filos Underground mine in Mexico. Highlights are from the Nukay, Conchita and Creston Rojo deposits and include 24.2 grams per tonne over 4.10 metres; 23.6 gpt over 6.95 metres; and 9.1 gpt over 8.69 metres respectively.

United States Antimony Corporation (NYSE American: UAMY) reported progress on the construction of the leach plant for the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico. The excavation and lining of the tailings pond is the largest and most expensive project, and it is underway. The concrete floor of the leach plant is being poured and initially no building will be necessary over the floor. Much of the equipment is being assembled in Montana and also in Mexico. Testing and shake-down of the plant is anticipated in Q4 2018.

Marcio Fonseca, Goldplay’s Chief Executive Officer,stated, “We are extremely pleased to have completed the San Marcial option agreement. The San Marcial Project together with the El Habal Project form the cornerstone to the discoveries, resource and project developments for Goldplay in the Rosario Mining District.”

The Phase One drill program consisting of up to 20 holes with a combined meterage of approximately 3,000 m is anticipated to begin in the next month and will prioritize areas associated with the extension of the Nicho Main deposit to the NW and SE, as well as additional holes at Nicho Norte testing continuity into the contiguous Los Verdes claims (Nicho Norte is currently undergoing bulk heap leaching tests to determine optimal crushing sizes for the potential development of a commercial heap-leach mining operation).

Christian Grijalva, San Marco’s Vice President stated, “We are fortunate to have been awarded a mineral concession covering part of what we believe is a district scale, highly prospective mineral endowed region. Preparations are being made to initiate an exploration program to evaluate the potential of Suanse.”

Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) is pleased to announce it has acquired a new mineral license in the Palomas Negros area, a prospect that lies 9 kilometers to the northwest of the main deposit at Sierra Mojada. The mineral license acquired is a 68 hectare historical mineral license that had been cancelled for many years by the Mexican mining authorities, and consequently had no official owner, but had not been released for staking until recently. The license covers an area of historical mine workings which has been followed up by Silver Bull with a channel sampling program targeting a historical 120 meter long by 25 meter wide showing continuous high grade mineralization at surface.