Month: May 2017

“The 2017 exploration program is off to a fantastic start,” said Americas Silver Chief Operating Officer Daren Dell. “Only five months into the year and we have new discoveries at the Galena Complex which will positively impact the mine plan in the near term and provide optimism for future resource growth. At Cosalá, a significant extension of the San Rafael Zone 120 mineralization combined with our existing El Cajón mine points toward a new development scenario where our silver-copper resource could support a production centre.”

Darren Koningen, President of Minera Alamos, commented: “this is a transformative announcement for Minera Alamos and marks the beginning of the next phase of our Mexican production and growth strategy. We are pleased to welcome Osisko as a significant shareholder of the Company and a strong partner to pursue near-term gold production at La Fortuna. We look forward to working with Osisko to fast-track La Fortuna toward production and expand our presence in Mexico organically and through additional acquisitions.”

Mexus Gold US. CEO Paul Thompson visited the Santa Elena mine on May 26th. During the visit he was able to witness the much anticipated arrival of the 4230 jaw crusher. As previously announced, this jaw crusher will enable the mine to increase production to 10,000 tons per day when operating at full capacity. It is expected that this increase in production will occur gradually as the machines performance is perfected. “Getting the jaw crusher on site is big deal to our mine operator and our shareholder base. I was thrilled to see the machine up close and getting readied for production,” added CEO Paul Thompson.

Prospero has selected a drill contractor for its planned 6,000m program on three projects. Drilling is scheduled to begin in late June. Prospero will first drill 4 holes at its Matorral project in the Santa Maria del Oro camp. The plan is then to drill 8 holes at its Petate project followed by 8 holes at Pachuca SE- project descriptions below. This drilling program is under the terms of Prospero’s strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero’s website.

Santacruz Silver Mining Ltd. announced today that its wholly-owned subsidiary, Impulsora Minera Santacruz S.A. de C.V., has entered into an agreement with Grupo Mexico pursuant to which the Company has acquired the exclusive right for five years to explore, develop and mine the Membrillo silver-zinc-lead-gold vein structure situated approximately four km from the Company’s Rosario Project mill facility located near Charcas, San Luis Potosi, Mexico. The Exclusive Mining Right covers an area of approximately 500 hectares situated within the San Rafael concession. This brings the total area of the Company’s exploration and exploitation rights to approximately 958 hectares of the 2912 hectares comprising the San Rafael concession.