Tag: Exploration and Development

Kootenay Silver Inc. is pleased to report that Aztec Minerals Corp. today announced the first five of 15 drill holes from its phase I, 3,000 drill program, currently underway at Kootenay’s Cervantes Project, located in Sonora State, Mexico.Drilling conducted by Aztec Minerals successfully intersected long intervals of porphyry gold, copper and silver mineralization including shorter intervals of high grade gold mineralization within the California Zone confirming excellent potential to host bulk tonnage porphyry mineralization.

Harvest Gold’s President and CEO Rick Mark states: “We are pleased to have advanced the Cerro Cascaron project to the initial drill program stage and, based on the results of our preliminary work to date, we look forward to meaningful drill results. We would like to thank our shareholders for their patience. We chose to take the time last year to add another layer of value to the investigation of Cerro Cascaron to insure we developed the best possible drill targets at this previously undrilled property. We know that a successful initial drill program is one of the key drivers of share appreciation in the junior mining space.”

Joey Wilkins, CEO of Aztec, commented: “These positive results from three of the first five drill holes of our Phase 1 drill program confirm that the California zone has excellent bulk tonnage porphyry gold (copper, silver) potential at Cervantes. Holes 3, 4 and 5 were drilled to test a small part of a large surface geochemical gold anomaly on the hill that forms the California zone. As expected, we intersected gold oxide mineralization where the copper has been partially leached out as well as mixed oxides-sulfides transitioning to sulfide mineralization at depth. The entire California zone is underlain by a large, strong IP chargeability anomaly from 100 m depth down to at least 500 m that could represent the heart of a porphyry gold (copper, silver) sulfide system. A total of 810 m were drilled in the first five holes, and we are currently drilling hole nine. Our first two drill holes intersected anomalous but sub-economic copper-gold-molybdenum oxide mineralization from top to bottom in the Jasper zone west of the California zone. The main focus of our remaining holes in the Phase 1 drill program will be to systematically test the western half of the much larger California zone.”

Tim Barry, President, CEO and director of Silver Bull states, “We are very pleased with the continued excellent results from our underground drill program in the sulphide zone. The high grade silver-copper mineralization seems to be hosted along favorable bedding horizons that have been steepened by an over lying thrust fault. Both the thrust fault and the favorable bedding horizons can be traced for over 5 kilometers along the entire deposit and suggests there is significant potential to expand the high grade silver-copper mineralization by targeting these geological features. In addition recent channel samples in two new zones of very high grade zinc sulphide mineralization grading up to 30% zinc identified in recently reconditioned underground workings sit along trend to the west of the current drill program (announced 10 January 2018) and suggest significant scope to expand high grade zinc mineralization into this areas. Work is currently underway to identify drill pads to target these areas. Continued results from the drill program are expected out over the next month.”

“The program will build on our highly successful 2017 Phase 2 drill program as we move forward to an expanded resource estimate for these two zones,” stated Brian Robertson, President & CEO. “We are very excited with the results of the Phase 2 program which delineated the high-grade El Dorado Dike Contact zone and extended the El Dorado/ Juan Bran zone by a further 65 metres to the west. We look forward to expanding the high – grade Santa Cruz zone and testing high-potential targets that have been identified on the property.”

N. Eric Fier, CPG, P.Eng and CEO, remarked, “Our drilling on the Babicanora Vein continues to expand the high-grade precious metal mineralization along a drill-tested strike length of 1.3 kilometres. The southeast extension of the Babicanora Vein, known as “Area 51” after the discovery hole, appears to be expanding in height to over 200 metres and remains open along strike and to depth. Area 51 has multiple bonanza grade intercepts within its near-surface high-grade footprint. We are only weeks away from finishing our final drill holes for incorporation into the anticipated Las Chispas maiden resource estimate.”

CEO Paul Thompson stated “Adding Cesar Lemas to our management team affords us the ability to have multiple projects in different phases at any given time. His knowledge of the land and his ability to manage the local jurisdictions will prove invaluable. Our shareholders will understand my excitement for the Mabel-Dana project when they see the updated report.“

Orex’s President, Gary Cope says, “We look forward to conducting a new exploration program on this promising silver-copper-zinc project in the prolific Silver Trend of north-central Mexico. This is another key step in the revitalization of Orex.”

“Cerro Caliche is a very compelling under-explored gold project area located in the Sonora-Cucurpe mega-district located between the prolific north-south oriented Sierra Madre Gold Belt to the east and the northwest oriented Sonora-Mojave Megashear complex to the west,” said Kenneth MacLeod, President and CEO of Sonoro. “We are especially pleased to be able to capitalize on and continue previous exploration episodes of this productive older gold mining district and to draw upon the extensive technical expertise of Sonoro’s Mexican technical team, directed by noted geologist, Melvin Herdrick.”

This drilling completes the third project in a 6,900m program to test 3 of Prospero’s projects under the terms of a strategic investment from Fortuna Silver Mines Inc. made in May 2017. Prospero and Fortuna are planning a 3-4 hole, 1,800m drill program to test 2 targets with deep, angled holes. Drill collar maps and draft sections for the Pachuca drill holes are available on Prospero’s website.