Day: January 19, 2017

“The recent set of drill results has yielded further improvement in potential size, quality and scope of the Cerro Las Minitas project,” said Lawrence Page, Southern Silver’s President. “Our focus will remain to establish this rapidly evolving district into one of the most significant economic polymetallic discoveries in our industry.”

Mexus Gold US released an update on its Santa Elena mine. MarMar Holdings Inc., the mine operator at the Santa Elena, is currently loading ore on the heap leach pad. As previously stated, the equipment currently on site is insufficient to meet the scale of the project. The time and associated costs of using this equipment is prohibitive in the long run. MarMar is moving a larger crusher to the site that once installed will speed the loading process. Installation of this larger crusher will allow the company to optimize and maximize its daily output of ore and lead to much faster completion of the first lift. The cyanide leaching system will be placed on this first lift when done.

Robert Willis, San Marco’s President and CEO noted “we consider our Target #1068 as “proof of concept” for the highly time and cost efficient targeting JV we created with GlobeTrotters. Our crews have partially mapped in a classic porphyry alteration system of substantial size. Most surface exposures are high-level lithocap, which generally doesn’t display anomalous geochemistry. However, we have been able to find scattered exposure in arroyos where erosion has exposed underlying rock units and mineralization. All the sampling done at these exposures has reported anomalous to highly anomalous copper and gold values. We view Target #1068 as a legitimate new porphyry discovery and look forward to rapidly advancing it. We have scores of other targets in the region to investigate and rank and that work will be carried on simultaneously”.