Tag: Exploration and Development

“We are pleased at achieving this significant milestone for the Company,” said Daren Dell, Americas Silver’s Chief Operating Officer. “This mine will be the cornerstone of our Mexican operations and provide cash flow for further drilling and development of our Zone 120 resource, as well as future exploration on our greater land position in the Cosalá district without equity dilution. I would like to thank the entire staff of the Cosalá Operations who successfully brought the San Rafael mine into production while sustaining operations without significant interruption at the Company’s Nuestra Senora mine.”

The first two holes completed, LV5039 and LV5040, intersected thick massive sulphide intervals associated with the Juarez Limestone over 5.60m and 4.35m respectively. Assays are pending but visual analysis shows mineralisation comprises banded textured massive sulphides with very fine to fine-grained pyrite overprinted by coarse-grained yellow to reddish sphalerite and minor galena associated with carbonates.

J.D. Poliquin, chairman of Almaden stated, “We are very encouraged to be outlining this new mineralized zone in an area modelled as waste for stripping within our PFS pit, and look forward to the inclusion of this new zone in future mine plans. Ongoing drilling will continue to seek more such zones even as the engineering work and feasibility study progress.”

Ante la petición de la empresa canadiense, el gobernador dijo “nosotros esperamos que este sea un asunto que encuentre un camino de solución, porque a nadie la conviene lo que está pasando y nosotros vamos a intervenir cuando tengamos la posibilidad legal de intervenir”.

“These final results of the drill program are again a reminder of the high-grade nature of the breccia mineralization within the proposed open pit at Ana Paula and give us further confidence in our existing block model,” said Greg McCunn, Chief Executive Officer. “We are excited to be turning our attention to testing the extension of the breccia zone below the proposed pre-feasibility study pit with a 6 hole, 4,000 metre program that is expected to begin in early January. This surface drill program will be undertaken in parallel to the construction of the underground decline which is being driven into the mineralized area to allow further drill testing from underground.”

Brian Metzenheim, Gainey Capital’s VP of Exploration commented, “The style of mineralization found in the shears may represent the upper extents of a moderately sized porphyry deposit that could host economic grades of copper, gold, and silver. I am encouraged by the regional distribution of the shears and the consistency of grades and alteration hosted by them and look forward to initiating exploration work on the project.”

Gary Cope, President of Orex states, “We are very pleased to bring in a respected and major mining company, as their involvement validates Sandra Escobar and there is still potential for significant upside at the project. We look forward to working closely with both our partners and unlocking future value for our shareholders.”

“We are pleased with the conclusion of the permitting process without interruption of operations at Topia”, stated James Bannantine, President & CEO. “We will be commencing imminently the construction of Phase II and have sufficient remaining capacity at Phase I to continue mining operations allowing a seamless transition to deposition at Phase II.”

“Representatives from both Mexus and MarMar have worked diligently to get to this point. All aspects of the operation at the Santa Elena mine will now be increased to achieve maximum returns. We will be releasing additional details as key milestones and targets are reached.” added CEO Paul Thompson.

Vancouver, Canada: Radius Gold Inc. is pleased to provide an update on exploration in Mexico and reports new high grade channel sampling results from the Amalia Project located in the State of Chihuahua, Mexico. Radius exploration teams have been systematically advancing Amalia to drill ready stage, including the submission of applications for drilling to the regional authorities. Additionally, teams have been prospecting the Tarros property and new regional targets in Mexico. In total Radius geologists have collected an additional 315 rock and 195 soil samples in the last three months.