Azure Minerals Limited is pleased to advise that resource definition drilling of the Companys flagship Oposura Project continues to deliver solid and very encouraging results. The initial mineral resource estimate is due in May and the release of the Scoping Study / Preliminary Economic Assessment is expected in Q3 2018.
Morgan Poliquin, President and CEO of Almaden, stated "We are pleased to have selected SRK and MMTS to conduct the Ixtaca gold-silver project Feasibility Study. Along with greater detail on the feasibility of the project, we are developing a full understanding of social, hydrologic, hydrogeologic and geochemical conditions at the site well in advance of mining activity. This is all based on the work of the independent engineers we have engaged, utilising best practices to international standards and is peer reviewed. ...."
With the significant increase in contained zinc and silver in the indicated resource, San Felipe now becomes a more substantial project in the current zinc market, stated Darren Blasutti, President and CEO of Americas Silver Corporation. The updated estimate at San Felipe highlights potential for another low-capital project for the Company, after our successful start-up of the San Rafael mine and the rapid resource expansion of the silver-rich Zone 120 deposit. We will continue to evaluate San Felipe for its economic merits and strategic fit ahead of making the final payments for the option on the property by the end of the year.
The Phase 1 drilling program, which calls for up to 30 holes to be drilled, is designed to confirm modelling and extend the known mineralization of the Main Zone to the north-west and south-east along trend.
Since drilling recommenced on the La Cigarra Project, six holes have been completed within the La Borracha Zone with all holes hitting the targeted mineralized zone.The mineralized zone intercepted at La Borracha is the extension of the structure, which hosts the La Cigarra resource, and drilling has now tested approximately 1000 meters of strike length beyond the resource. Logging and sampling of these holes is progressing well and results will be released once all assays have been received and interpreted by the Company.
Capstone Mining Corp. is saddened to report that a fatal accident occurred at its Cozamin Mine on Sunday, March 18, 2018. An electrical technician was injured while working on an underground voltage regulator. He was transported immediately to a hospital in Zacatecas where he later passed away.
CEO Paul Thompson added, It is great to see MarMar increasing the amount of gold being produced. Our shareholders should keep in mind that the amount produced was greater than what was netted due to the discount taken by the broker. MarMar will begin refining its own material which will eliminate the need for this broker. In addition, the mine engineer at the Santa Elena is pleased with the progress and expects a substantial increase in production moving forward.