Tag: Exploration and Development

Radius Gold Inc. is pleased to announce that it has signed a binding agreement with a private Mexican company to option the 473-hectare Tarros Project which is host to several large gold silver mineralized diatreme breccia bodies. The Tarros Project is located 50km north of Radius’s new Amalia discovery in the Sierra Madre Gold Silver belt in the State of Chihuahua, Mexico.

The accident occurred as part of the construction of the 790 ramp at the La Encantada mine. A total of four miners lost their lives due to gas intoxication which accumulated in the area. There was no explosion as other media sources have reported. It is believed the operator of a scoop tram lost consciousness while mucking the area. Three additional miners later arrived to the scene to provide assistance to the ill miner. The four men were carrying all required personal protection equipment, including safety belt breathing apparatuses, but sadly did not use the equipment. The emergency response crew was dispatched and successfully extracted the four miners before transporting them to the local hospital where they were later pronounced deceased.

Kootenay Silver Inc. is pleased to report that Aztec Minerals Corp. today announced additional trenching has returned attractive gold, copper, and molybdenum grades at the Jasper prospect on Kootenay’s Cervantes Property in Sonora State, Mexico. The property is one of Kootenay’s generative projects and is under option to Aztec Minerals.

“The new trench and soil data significantly extend the length of porphyry mineralization at the Jasper prospect and provide an excellent drill target to complement the adjacent California porphyry oxide gold-copper target,” said Joey Wilkins, President and CEO. Trenching continues at Jasper and now also at California. Aztec’s first drill program on the Cervantes property is set to begin in the next month.”

“Initial concentrate deliveries were on time, met internal targets and third party specifications” said Darren Blasutti, President and CEO. “Despite a transitional third quarter, the start-up of the San Rafael mine and continued strengthening of zinc and lead prices sets-up our fourth quarter and next year for significantly reduced all-in-sustaining costs and free cash flow. We expect to use this cash flow to further explore, develop and organically grow our large and prospective silver reserves and resources without equity dilution.”

Telson Resources Inc. is pleased to inform shareholders that the Campo Morado mill clean up and refurbishment is nearing completion with underground mining operations being ramped up utilizing two jumbo drills and additional haulage trucks that have mined and delivered approximately 25,000 tonnes to the coarse ore patio.

“Acquisition of the SDA Mill will transform Magellan into a production company and will be an exciting development for our shareholders,” stated CEO Pierce Carson. “Our strategy following the acquisition will be to resume processing operations, build production and increase cash flow.”

Al menos cuatro personas sin vida fue el saldo de un incendio parcial en la mina La Encantada de la empresa First Majestic Silver Corp en el municipio de Ocamp, Coahuila.

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to see partner funded drilling commence at Clemente and look forward to the results and potential for new discoveries at the Project. Riverside is a Silver Viper shareholder and will receive additional cash and share payments if the option agreement progresses towards earn-in, with Riverside also retaining a 2% NSR on the Project.”

“We are extremely excited to begin exploration on a target-rich project that has never been drilled before. We have a great technical team in place and look forward to developing our understanding of the Clemente project through our maiden exploration program, ” said Steve Cope, CEO of Silver Viper.