Tag: Exploration and Development

“The phase one exploration program at Cerro Cascaron has successfully demonstrated the size potential of the Cascaron vein field with extensions of all veins to the north of high-grade gold sampled in old workings. The latest sampling of ore grades and widths at the silver-rich Cascarita prospect presents an exciting new development” commented Vice President of New Opportunities and Exploration, Charles Funk. “We look forward to Harvest Gold drilling these targets in 2018.”

Commenting on the drilling, Azure’s Managing Director, Mr Tony Rovira said: “This maiden drilling campaign has exceeded our expectations and confirmed the presence of high-grade gold and cobalt mineralisation over significant widths. The spectacular cobalt grades in hole DSA-03 are up there with the highest I’ve ever seen and, encouragingly, the mineralisation starts at surface and remains open in all directions. These wide, high-grade zones host strong gold mineralisation consistently assaying in the range of 10g/t to 60g/t and cobalt grading from 1% to 6%. We believe there’s good potential for a high-value body of gold and cobalt mineralisation to be defined at Sara Alicia, and further exploration will be undertaken to identify the size potential.”

The first of two underground rigs mobilised to Cuddy LV5.4 over the weekend where it will target the current Mineral Resource with 8 holes before the year’s end.

“Gold mineralization from sampling at the La Gloria prospect indicates significant potential for an oxidized high sulphidation gold system at the Cuale project. These encouraging early results warrant rapid advancement to define the full extent of mineralization,” commented Evrim’s Vice President for New Opportunities and Exploration, Charles Funk. “Oxidized high sulphidation deposits are highly valued for their often large tonnages and lower construction costs. Cuale is a new project for Evrim and the extent of mineralization over such a broad area presents an uncommonly compelling prospect.”

J.D. Poliquin, chairman of Almaden stated, “These results again show the potential of the Ixtaca gold silver deposit to grow. As I have stated before, while Ixtaca is a prominent new discovery of gold and silver reserves, we are clearly only at the beginning of the discovery cycle at this project. We have a two-pronged approach. On the one hand we are focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and engineering work and studies on a Feasibility Study are progressing well. At the same time we have in front of us the opportunity for additional discovery and resource growth. We are at the top of a fully preserved epithermal system and over the next several months exploration drilling will also test for additional vein zones beneath alteration elsewhere on the project.”

Santacruz Silver Mining Ltd. reports that the Company has recommenced operations at its Veta Grande mill located in Veta Grande, Zacatecas Mexico following authorization from PROFEPA and SEMARNAT (Mexico’s environmental regulatory authorities) to do so.

Thomas Atkins, President and CEO of Mammoth commented on the imminent commencement of drilling, stating: “We should begin our first drill hole shortly and although I doubt we’ll finish the entire program before year end, whatever portion continues into the new year there should be a steady supply of drill results flowing beginning in January and continuing for a number of weeks into 2018.”

La minera canadiense informó que los dos hombres que murieron el fin de semana durante un choque entre grupos sindicales no eran empleados de una unidad al suroeste de México.

The Company was made aware of an incident that happened this past weekend in the town of Atzcala, about twenty five minutes (15Km) from its El Limon Guajes Mine. During this incident, two men were killed in the course of a dispute. Torex confirms that the two men were not employees of the Company.

Mr. Carlos Espinosa, President, reports “Monarca is very pleased to sign a LOI for the San Jose Property in Chihuahua, Mexico, a friendly and familiar jurisdiction for Monarca’s team and management. After reviewing several investment opportunities, we decided to move forward and sign a LOI for San Jose, an excellent opportunity to diversify our property portfolio.”