Tag: Exploration and Development

Duane Poliquin, Chairman of Almaden, commented “This highly credible study is a fundamental step towards project development. We are pleased that our active community programs have accomplished the primary objective of ensuring that the local communities understand our project. With the benefit of this report, we can now turn our minds to a social investment plan to accompany the mine, which accommodates the needs identified in this process, and best ensures local people are in a position to benefit as much as possible from Ixtaca project development”.

Brian Robertson, President and CEO, commented, “We are very excited about the results for dike contact drilling and the high-grade intercept at Cinco Senores. The long intervals of highgrade mineralization continue to significantly increase both the tonnage and grade of the initial resource estimate for the El Dorado/Juan Bran zone. And drilling at the Cinco Senores zone has successfully extended the mineralization to 120 metres along trend, indicating the high potential of significant tonnage at this parallel zone.

Leagold CEO Neil Woodyer stated: “The large-scale drill program commenced in April and has been completed on schedule. The program delineated several new areas of high-grade mineralization and has greatly increased the Measured and Indicated resources, based on data available as of August 31, 2017. A further update of the Bermejal Underground mineral resource estimate is in progress and is expected before year end. In addition, the Bermejal Underground ramp development has advanced 175 metres to date and is on track to reach the test mining area in Q2 of next year.

La administración municipal recibirá 131 millones de pesos del Fondo para el Desarrollo Regional Sustentable de los Estados y Municipios Mineros.

Colibri Resource Corporation is pleased to announce drill results for the Pitaya project, Sonora, Mexico as received from joint venture partner, Agnico Eagle Mines Limited. Pitaya is a joint venture project with Agnico Eagle and is immediately adjacent to and on strike from Fresnillo’s Tajitos discovery, in which greater than 328,000 ounces of gold have been announced. Agnico Eagle is the operator of the Pitaya Project and currently holds 66.33% of the joint venture with Colibri controlling 33.67%. Agnico Eagle has had two drills operating at Pitaya; a total of 7286.55 meters in 26 drill holes were drilled in the most recent campaign and assays have been received for 23 holes to Nov. 30, 2017. Drilling is still in progress.

President and CEO, John-Mark Staude stated: “We are delighted to be drilling again at Glor and testing large open-pit style targets. We look forward to receiving results from the first holes in early 2018 and are pleased with Centerra’s support, as we work closely together to develop and drill-test high-potential gold targets. We are always pleased to deliver discovery exposure to our shareholders, especially at targets close to existing mining operations.”

Silver Viper Minerals Corp. is pleased to announce that Alex Peter Tsakumis has been appointed by the Company as Vice President of Corporate Development. Phase I exploration activities at Clemente including reconnaissance mapping, soil sampling and diamond drilling are now completed for the brief 2017 season. Drill and field crews have demobilized, and the remainder of Phase I exploration is scheduled to recommence February 2018.

“This new discovery area now named La Pista was an unexpected and exciting result of the recent work the Company’s exploration team undertook at the La Fortuna project,” said Miguel Cardona, Vice President of Exploration for Minera Alamos. “The La Pista zone is located in an area of quartz monzanite breccias with the strong presence of tourmaline and quartz stockwork veining reminiscent of the structures that contain the existing La Fortuna Main Zone resource. The discovery of a new and potentially significant additional area of gold and silver mineralization in addition to the known areas of historic mining confirms our belief that the La Fortuna project area was the focus of intense regional hydrothermal activity. All of the areas targeted for Phase 1 drilling at the start of 2018 show significant potential to host new mineralized resources and none of them have been subjected to any modern exploration or drilling activity”.

UPGRADE OF DSA-03 HIGH-GRADE GOLD DRILL HOLE INTERCEPT. As part of its internal quality control procedures, Bureau Veritas Laboratories observed an error in the gold value of sample DH-17314 (hole DSA-03: 17.95m – 18.80m). This sample was reassayed, and BVL subsequently amended the gold result from 2.86g/t Au to 30.5g/t Au. This change increased the gold grade of the overall mineralised interval to 26.20m @ 9.50g/t Au (previously 8.60g/t Au), and the internal high-grade interval to 12.60m @ 16.80g/t Au (previously 14.90g/t Au). See core photos for individual sample grades of this high grade mineralised zone.

J. Duane Poliquin, Chairman of Almadex commented, “These are the first assays in many years from the Porvenir Zone in the central part of the El Cobre project. We believe that these results demonstrate the potential for a significant deposit in this area of the property and again clearly shows that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. As exploration progresses, it will be interesting to see how the Norte, Porvenir, Villa Rica, and Encinal zones relate at depth.”