Tag: Exploration and Development

J.D. Poliquin, chairman of Almaden stated, “We are very encouraged to be further defining the mineralised zone beneath the PFS pit. It demonstrates the potential for the Ixtaca mine plan to grow. Ongoing drilling will continue to seek more such zones even as the engineering work and feasibility study progress.”

Southern Silver Exploration Corp. reported today that recent surface sampling targeting precious-metal enriched epithermal vein systems on its newly staked CLM West claim group (Creston del Oro, Biznagas and Los Lenchos claims) has identified several new drill targets for RC drill testing in Q2 2018.

“We are very pleased with the updated mineral resource estimate, which demonstrates a significant increase in the mineral resources potentially available for mill feed” said Avino President and CEO, David Wolfin. “The successful drill program that started in 2016 has allowed us to evaluate the tonnage and grade in the area between the San Luis workings and the ET production area, the results of which have now been incorporated into this updated mineral resource estimate. We are confident that our 2018 exploration program will continue to build on the success of our past operations. I would like to thank the exploration team in Mexico for their continued and invaluable efforts. Avino is celebrating its 50th year in the mining industry, and this would not be possible without the hard work and dedication of the entire Avino team.”

Tim Barry, President, CEO and director of Silver Bull states, “We are extremely pleased with the results from this batch of drilling. The new sulphide zone is proving to be very productive for high grade sulphide mineralization. The drilling summarized in this news release targeted the second of three steeply dipping, discreet structures we have identified in the sulphide zone. Drilling from the first structure announced in the previous news releases of holes T17001 to T17014 were dominated by high grade silver-copper sulphide mineralization grading up 1,300g/t silver and 6% copper. A second structure defined by holes T17010 and T17018 to T17022 is dominated by extremely high zinc sulphide mineralization, grading up to 48% zinc and suggests a metal zonation in the mineralization. In addition to the area currently being drilled we have opened up an additional 350 meters of historical workings along the east-west trend of the sulphide mineralization which was announced in January 2018. This channel sampling program clearly shows the continuation of high grade mineralization towards the west. Our underground geological mapping of this area shows a number of high angle structures up to 2 meters wide containing sulphide mineralization grading up to 1,300 grams per ton silver, 42% zinc, 18% lead, and 13% copper that appear to feed into the overlying oxide zone. This will be the next target of our drill program in this area”.

Bradford Cooke, CEO of Endeavour Silver, commented, “We look forward to commissioning El Compas as our fourth operating mine over the next two months. Following the commissioning phase, the mine should generate robust economic returns at current metal prices because the two known mineralized zones ,El Compas and El Orito, are relatively shallow and high grade. The operation is very scalable if we discover new orebodies or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to increase plant throughput to more than 500 tpd.”

“We are excited to partner with Coeur on the Sarape project, and this transaction represents our seventh active exploration partnership” commented Evrim’s CEO, Paddy Nicol. “Like the Ermitaño project, Sarape exhibits large outcropping veins up to six kilometres in length and has never been drill tested. The exploration of Sarape to date has focused on the recognition of textures within the veins at surface which commonly occur above concealed high-grade ore-shoots.”

Commenting on the upcoming drilling campaign, Azure’s Managing Director, Mr Tony Rovira said, “Our first drilling program at Sara Alicia returned one of the thickest and highest-grade cobalt drill intersections reported from anywhere in the world in 2017.”

El pasado 1° de febrero a las 5 p.m. la mina sonorense El Chanate, de Alamos Gold, cumplió 5,000,000 de Horas Hombre sin Incidentes con Tiempo Perdido, equivalentes a 1,135 días o 3 años y 39 días, un logro nunca alcanzado en ningún sector económico en Mexico y pocas veces visto en el mundo. John McCluskey, CEO de alamos Gold, declaró: “Este es el fruto de fomentar entre todo el personal que labora en la familia de Alamos Gold una actitud de liderazgo a favor de la seguridad en el trabajo, con miras a fijar permanentemente el compromiso de cuidarse personalmente y proteger a sus compañeros. Muchas felicidades por este resultado ejemplar”.

Mexus CEO Paul Thompson added, “The Santa Elena results to date are disappointing. We were expecting to be producing a significant amount of gold by now. I’m hopeful that MarMar will get the job done as we know that there is gold on the leach pad and on the property in general. I will get updates to our shareholders as we receive additional information. I’m optimistic that MarMar has the right staff on site to get the gold from the leach pad. We are pushing forward with our other properties and the outlook for these is extremely promising. You can see that our first target is the Ures property. Getting production from this property will give Mexus the much needed revenue stream to allow for a build out on all of our properties.”

Antonio Berlanga, CEO of Telson, states “Management is very pleased with the results of our Tahuehueto preproduction toll milling program. We are consistently producing excellent lead concentrates above 46% lead with high precious metal content averaging 122 gAu/t and over 1,200 gAg/t, while zinc concentrate grades are averaging above 48% Zinc…”