Month: September 2016

Pan American Silver Corp. today announced that it has achieved important milestones at its two mine expansion projects currently underway in Mexico. At the Company’s La Colorada mine, the new 618-metre deep shaft was commissioned in fully automatic mode in early September, ahead of schedule. The shaft was constructed with a world-class safety performance of zero lost-time accidents incurred and using industry-leading raise boring and shaft automation technologies. The work remaining to complete the La Colorada expansion project includes a new filter plant, power line and underground development. The project is now expected to be completed approximately 5 to 10 percent under budget.

Trabajadores mineros son blanco continuo de la delincuencia, en lo que va del año las agresiones se multiplicaron. Autoridades de gobierno y directivos de las corporaciones, minimizan los hechos aunque trasciende que en reuniones privadas reconocen estar rebasados por la actividad de los delincuentes.

El gobernador Héctor Astudillo Flores afirmó que Raybel Jacobo de Almonte, El Tequilero, líder de una banda delictiva que opera en la región de Tierra Caliente, es el responsable del secuestro de trabajadores y del robo a la minera Beneficiadora de Minerales Temixco, localizada en Arcelia.

“With this permit in place, and a seasoned operator in H Morgan & Co. (Chester Millar), we now have the ability to rapidly advance the Santana project into production,” said Craig Schneider, Corex’s President and CEO.

Bruce Winfield, President & CEO of Defiance, stated, “We are very excited by the prospect of bringing the project to the next stage of advanced drilling with the goal of continually expanding the current resource to depth and along strike. With over 5.6km of strike length that is still well under-explored with similar geology, there still remains the potential for further discoveries at the San Acacio Project.”

Dunham Craig, P.Geo., Interim CEO commented, “While we suspected the William Tell Vein would extend to the south, we are very pleased to see this discovery in an area where we did not know what the vein mineralization, location or geometry would be. The high grade continuity in four of the drill holes within the potentially mineralized corridor is very encouraging and we are eager to begin a Phase 2 drilling program as soon as possible to further delineate the strike extension and depth. In addition, the discovery of two new vein intercepts grading above 700 gpt AgEq*, combined with all of the results received to date from drilling and underground channel sampling, reiterate a possible discovery of a district-wide area play. The crew in Mexico continues to gain further access within the estimated 11.5 kilometres of historic underground workings in both the Las Chispas area and Babicanora area for mapping, sampling and future drilling program design. We expect to report on further drill results and underground activities over the coming weeks.”