Month: June 2016

Primero Mining Corp. today announced that is has acquired a large concession area adjacent to its San Dimas mine in Durango, Mexico. The Company has added 30,192 hectares substantially covering the area between the San Dimas mine and the Ventanas exploration property located 32 kilometres to the south. The newly acquired concession is not covered by the San Dimas silver purchase agreement, and brings Primero’s total concession area in the district to 68,628 hectares.

“Compared to typical gold heap leach recoveries, these new results represent an approximate 50% increase in potential gold production from the La Fortuna gold resource. In addition, the ability to pre-concentrate the gold prior to leaching allows for further reductions in the scope and capital required for downstream processing equipment,” said Darren Koningen, President of Minera Alamos. “These favorable results allow us to consider alternative processing methods other than heap leaching, possibly increasing the economic potential of the project significantly”.

Azure’s Managing Director, Tony Rovira described the identification of semi-massive copper sulphide mineralisation as a very significant development for the Alacrán Project. “This discovery supports our geological model that the hydrothermal breccia at Loma Bonita is part of a feeder zone within a large mineralised system that may extend to significant depths. The gold-silver mineralisation within the near-surface oxide zone at Loma Bonita is the highest priority for our exploration program, and drilling is continuing there in order to delineate the overall size and grade of this mineralised zone…”

Cyprium Mining Corporation is pleased to announce the results from nine underground samples taken as part of its ongoing exploration program of the Tunel body of the Potosi silver mine located in Santa Eulalia, Mexico. The term Tunel body refers to the area accessed by the Potosi No. 3 shaft on levels 1 to 4 of the Potosi mine.

J. Duane Poliquin, chairman of Almaden commented: “We continue to advance Ixtaca towards a production decision. We are proud of our hardworking team that has allowed the Company to effect significant progress while limiting shareholder dilution despite the downturn in mining. We look forward to updating shareholders with further progress in the coming months as we focus on the preparation of a PFS study and permit submittal as well as exploration. Going forward we will begin to build a mining team to handle the final push towards production.”

“We have proven the ability to process various types of concentrate and expect to do this profitably with a consistent supply of concentrates and production,” said Robert Eadie, President of the Company. “Having tested concentrates received from 14 different suppliers, we are currently negotiating concentrate purchase agreements for the best quality concentrate that will bring a consistent supply. As stated before, we see the Altiplano Plant as a synergistic cash-flow producing arm of the Company, growing our asset base for our shareholders.”

Southern Silver Exploration Corp. reported today assay results from the first two holes (CLM-087/-088) from 2016 core drilling on the Cerro Las Minitas project, Durango State, Mexico which identified a new thick interval of continuous polymetallic semi-massive and massive sulphide mineralization in drill hole 15CLM-088. Highlights from drill hole CLM-088 include: