Tag: Exploration and Development

Akiba Leisman, Executive Chairman and Interim CEO states that “the ability to process the near surface material intersected in hole 17COLDDH04 through the existing heap leach pad and ADR plant at La Trinidad bodes well for the potential extension of mine life. Additionally, areas of altered gold bearing zones deeper at Colinas continue to indicate the presence of a larger hydrothermal auriferous system that is only beginning to be tested.”

Greg Crowe, Silver One’s President and CEO commented, “We believe this survey will be extremely useful, as previous geophysical surveys successfully identified lithologies and mineralization associated with the historic Peñasco Quemado resource area, where nearly 10 million ounces (measured and indicated resource) of silver were identified through drilling between 2008 and 2009 (see Company news release dated September 27, 2016). The previous geophysical survey was conducted in specific areas of the property only and did not entirely test the targets outlined through recent soil surveys completed by Silver One. The present geophysical survey will cover a wider area to investigate the newly discovered large target found in the western part of the property, as well as the 3+ kilometre-long zinc and lead soil anomaly that occurs along-strike to the southeast of the historic resource area. Both targets have the potential to significantly increase the existing resource and to define new areas of mineralization.

Thompson Falls, Montana. United States Antimony Corporation reported that SEMARNAT (the equivalent of the U.S. EPA) has issued USAMSA (a wholly owned subsidiary of USAC) the permit for a cyanide leach plant for the Puerto Blanco mill in Guanajuato, Mexico.

“The second set of results of the drill program have continued to confirm previous drilling providing confidence in the robustness of the block model,” said Greg McCunn, Chief Executive Officer. “The drill program was primarily designed to supply a variety of rock types and grade to allow the creation of composite samples intended for the metallurgical test program. The samples from the drill core are representative of the material within the proposed pre-feasibility pit and will undergo metallurgical testing with results to be incorporated into the DFS. The DFS is currently underway and on track to be completed in the second quarter of 2018.”

Endeavour Silver Corp. announces that exploration drilling on the Calicanto property in Zacatecas State, Mexico has discovered high grade silver-gold mineralization assaying up to 2,043 grams per tonne silver and 13.2 gpt gold over 2.8 m true width within the Calicanto and Misie vein systems.

Orex’s President, Gary Cope says, “Acquisition of the Cordero Project gives Orex a third quality asset, with upside exploration potential, in the prolific Silver Trend of north-central Mexico.”

Mexus Gold US announced that the new Merrill Crowe gold recovery system has been installed and is fully operational at the Santa Elena mine. Mexus and its JV partner, MarMar Holdings, successfully tested the system December 3rd.

High grade zinc assaysfrom sampling has been confirmed from the first underground mapping and sampling at the nearby Juarez Mine;

Assay results returned grades up to 42.72% Zn+Pb and 26.92% Zn+Pb from mineralised exposures within the southern workings of the mine.

Additional results are pending from sampling in the northern end of the mine

Juarez has potential to increase the current resource estimate located near the mine infrastructure

Additional high grade assays up to 34.96 % and 28.55% Zn+Pb returned from regional exploration sampling at Alfonsitos and Mina Mexico respectively.

Pierce Carson, CEO commented, “We are pleased to have concluded the purchase of the SDA Mill and wish to thank Rose for their efforts in effecting a smooth transition of assets and personnel. We are delighted to welcome Rose as a major shareholder of Magellan.”

Ethos Gold Corp. is pleased to announce that it has, through its Mexican subsidiary Compañía Minera Roca Dorada, S.A. de C.V. entered into an option agreement for with Coztic Recursos Minerales, S. de R.L. de C.V. to earn a 100% right, title and interest in and to the mineral concessions comprising the “La Purisima” mineral property situated in the municipality of Buenaventura, Chihuahua, México, subject to the Property Owner being entitled to a 2.0% net smelter return royalty upon the Company earning 100% interest in the Property on the terms set out in the Option Agreement.