Month: February 2016

Photographic Report, February, 2016

Fred Stanford, President & CEO of Torex stated: “The ramp up of the processing plant is tracking nicely ahead of plan, costs remain on budget, security and safety performance has been excellent, relationships with local communities continue to be productive, and the construction of production support facilities is drawing to a close. The next three milestones will be the declaration of commercial production, the resettlement of the El Limon village, and the commissioning of the El Limon Crusher / RopeCon. All of these milestones are on schedule for achievement in Q2 2016.” …

Azure Minerals Limited is pleased to advise that drilling at the Company’s Promontorio Project is scheduled to start next month following the identification of key exploration targets by Kennecott Exploration Mexico S.A. de C.V, which has an option to earn up to an 80% interest in the project.

Recent surface exploration work conducted by Northair included 15 channel and rock samples taken from veined faults traced over a distance of approximately 100 metres near the eastern margin of the La Colorada intrusive center. This work returned 125 g/t silver over a 1.5 metre channel width with 7 samples reporting values greater than 10 g/t silver. Additionally, 7 rock chip samples returned greater than 0.10 g/t gold, with 3 samples reporting over 1.0 g/t gold. The highest grade channel sample returned 6.92 g/t gold over a 1.5 metre width.

Orex’s President, Gary Cope says, “The high-grade silver and thick drilling intercepts continue across the target area. Still to come are the results for 11 more holes from the Phase-I drilling program. All of holes drilled to date have hit the strataform host rock unit. Results will be released over the next several weeks.”

Almaden Minerals Ltd. is pleased to announce partial assay results from Almaden’s Ixtaca Zone exploration and development program at the Company’s 100% owned Tuligtic project, Mexico. Drill hole TU-15-457 was drilled into limestone hosted mineralisation in the core of the updated PEA pit, between holes on section 10 + 500, in order to better define the high grade zone and to provide additional metallurgical sample material for the final stages of the Company’s ongoing Pre-Feasibility metallurgical program. Highlights from hole TU-15-457 released today include the following intercepts: