Tag: Exploration and Development

Harvest Gold’s’ President and CEO Rick Mark stated: We are very pleased Cascarita has shown indications of grade and size that deserve our immediate attention and look forward to adding it to our initial drill target list. We are now reviewing the initial results from the soil and adit sampling and mapping programs over the main Cascaron gold vein field and will be producing those results for the market shortly”

Kootenay President and CEO James McDonald states, “We are very pleased with Pan American’s work and the continued high-grade results achieved from the current infill drill program on La Negra. Assays continue to support the grades and widths encountered in previous drilling, further demonstrating the consistency and continuity of the high-grade silver mineralization contained within the resource. We are excited and look forward to Pan American completing the remaining 1500 meters of the program and additional metallurgical work.”

“Production at the San Francisco mine for Q3 and the nine months ended September 30 was 19,429 ounces and 67,488 ounces, respectively,” said Greg McCunn, Chief Executive Officer. “The third quarter was expected to be the most challenging period in the 2017 mine plan as we finished mining Phase 1 of the La Chicharra pit and had not fully completed the stripping of Phase 5 of the San Francisco Main pit. However, we did manage to source alternative ore to keep the crushers full and have now opened Phase 5. In addition, a second mining contractor has been mobilized to commence the pre-stripping of Phase 2 of the La Chicharra pit giving us more mining flexibility and capacity heading into 2018. Looking ahead, we remain on track to achieve our annual gold production guidance and have tightened the range to between 88,000 to 90,000 ounces.

Brian Robertson, President and CEO stated, “We are excited by the intersection of mineralization beyond the current western limit of the El Dorado/Juan Bran zone. The intersection not only convincingly expands the scale of the El Dorado/Juan Bran zone westward and beyond the current footprint of the El Dorado/Juan Bran zone, but also validates the results of the TDEM survey, proving it to be an effective geophysical method for identifying mineralized zones at Las Minas. We look forward to more drilling to further expand the El Dorado/Juan Bran zone and test conductors at the Cinco Senores and Las Minillas zones.”

Santana Minerals Limited (‘Santana’) is pleased to report highly encouraging results from initial metallurgical test work carried out on composite samples from three drill holes from the Mojardina Prospect at the Company’s flagship Cuitaboca Project. This preliminary testwork resulted in very high silver recoveries using both direct leaching and rougher flotation tests, suggesting the ore is highly amenable to conventional processing methods for silver recovery.

La Procuraduría Federal de Protección al Ambiente (Profepa) descartó que la empresa First Majestic Silver Corp sea la responsable del incendio ocurrido en las instalaciones de la mina “La Encantada”, en Ocampo, Coahuila, el pasado domingo 1 que provocó cuatro muertos, pues dijo que éste fue un “accidente laboral”.

Pobladores que bloqueaban el acceso al complejo minero Peñasquito decidieron suspender su medida de fuerza tras casi una semana de una protesta que no afectó la producción del principal yacimiento de oro de México, dijeron el miércoles las partes.

J. Duane Poliquin, Chairman of Almadex commented, “This hole demonstrates further continuity in this part of the Norte mineralised envelope. The Norte Zone is one of several porphyry targets on the property which we plan to aggressively explore and, in the case of Norte, drill in detail with the goal of defining a resource.”

“The prospect of the breccia bodies becoming wider at depth and carrying better silver and gold grades could be an important development for our project as it would lay the foundation for a low cost, bulk tonnage operation,” states Hub Mockler, Executive Chairman. “The recently completed drill program has been very successful in that it showed significant continuity of the Santa Rosa vein which remains open to the northeast, to the southwest and at depth. Also, the suspected presence of several other sub-parallel gold and silver bearing veins has been confirmed. Although the Company is at an early stage of exploration at San Javier, we are extremely pleased with the results to date and firmly believe that the next phase of exploration can be even more productive.”

Igor Gonzales, President and CEO of Sierra Metals stated “The results of the Titan 24 program and the subsequent assay results are exceptional and reflect a high correlation between copper mineralization and the priority targets identified in the geophysical survey. We are excited about the prospects of drilling all the priority geophysical targets and the completion of follow-on drilling on these new discoveries. This program aims to potentially quantify new high-grade zones which is a key strategic objective for our Bolivar mine to better define a path to future development and growth at the Bolivar operations”. He concluded, “We are encouraged by the exploration potential that these results are showing which could lead to further value growth for Sierra Metals in Mexico.”