Tag: Exploration and Development

“The high gold and silver grades intersected in drill holes ET-17-145 and ET-17-144 have defined the Caleigh and Protectora veins as high priority targets to develop new mineral resources on El Tigre,” stated Glenn Jessome, President and CEO, Oceanus Resources. “Furthermore, hole ET-17-145 has provided Oceanus with initial evidence of the wide, low-grade alteration zone located along the Caleigh vein and this target seems to replicate what we see at the El Tigre mine located 800 meters to the south,” continued Mr. Jessome.

A review of historic data has confirmed the location of high grade silver mineralisation at the La Lupita prospect in the northern region of Santana’s Cuitaboca Project in Sinaloa, Mexico. A total of 24 samples were taken in the 1990s by Servicios Industrias Peñoles SA de CV.

En la ciudad de Zacatecas se lleva a cabo el VII Simposium de Seguridad bajo el tema “Liderazgo basado en principios”, desarrollado por Industrias Peñoles en coordinación con el Sindicato Minero-Metalúrgico “Frente” y que sería durante tres días en el Palacio de Convenciones.

Mexican Gold Corp. is pleased to announce that it has commenced infill and resource expansion drilling to extend the three high – grade zones intersected in recently completed hole LM -17-ED -40. Hole LM-17 ED-40 was drilled as a resource expansion hole and intersected three high- grade intervals over significant widths.

Luis Castro, Vice President of Exploration for Endeavour Silver, commented, “Our discovery of potential bulk tonnage silver-gold-lead-zinc mineralization in the Palmilla mine area, that may be amenable to open pit mining, is an exciting new development for the Parral district in general and our property in particular. It gives us a second mineralized area with resource potential to complement the Veta Colorada area where we have already verified a portion of the historic high grade silver resource (see news release dated October 24, 2017). Drilling continues on the Parral property in a third mineralized area known as the San Patricio vein which lies to the north of Palmilla. A new resource estimate for the Parral property will be prepared at year-end for release in the 1st quarter of 2018.”

Tim Barry, President, CEO and director of Silver Bull states, “The results from this batch of drilling in the sulphide zone are exceptional. The consistent high grade silver-copper mineralization we see in this particular area is hosted along a steeply dipping fault and remains open down dip and in the east and west directions. From what we now know, it has also become apparent that this zone is severely underrepresented in historic drilling as the historic surface drill holes in this area are vertical, meaning that unless they were drilled directly down the steeply dipping structures we are currently defining, any drilling in this area would have completely missed these very high grade zones…”

“We are delighted to be back on track at Pino de Plata. Surface land owners with ranches on our project have agreed to grant access for the drill campaign that is slated to commence after the Christmas holidays,” stated Karl Boltz, CEO of Silver Spruce.

The company is now planning to double production to a target of 250,000 tonnes a year in 2019 over a seven to 10-year mine life, while also increasing its stake in the project from 51 per cent to 90 per cent by 2018.

Colibri Resource Corporation is pleased to announce that it has created and confirmed a model to delineate drill targets on the Pilar property. Colibri hired international consultant and geologist PJ Lafleur to work with Hector Mendivil, a 3D software (ArcGIS TARGET) specialist in Hermosillo. Under Colibri’s country manager and geologist, Jackie E. Stephens, a model was created pertaining to the existing 2 gold trends on the Pilar Gold Project.

Mexico’s environmental enforcement agency Profepa suspended operations at a Santacruz Silver property in Zacatecas state. Profepa announced a temporary closure order at the plant in Vetagrande municipality, citing inadequate atmospheric emission controls. The company also failed to present an environmental permit, equipment maintenance registers or an inventory of atmospheric emissions, Profepa said.