Month: November 2017

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “These results are building on our previous drilling and underground sampling program, which has demonstrated intact semi-continuous high-grade mineralization for the Las Chispas and Giovanni veins. As part of our expanded Phase II Exploration Program, we intend to continue with underground drilling and channel sampling on the Las Chispas and Giovanni veins through Q1 2018. We remain on track to deliver a maiden resource estimate in Q1 2018 which will include the Las Chispas, Giovanni, William Tell and Babicanora veins.”

La empresa multinacional Sandvik abrió un centro de distribución en el parque industrial de Calera que ofertará cerca de 300 empleos a los zacatecanos y fortalecerá el corredor industrial de la zona centro-norte del país.

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Our continued step-out drilling along the strike of the Babicanora Vein has added another 400 metres to the previously announced high-grade footprint, bringing the total strike length to one kilometre. The Babicanora Vein has clearly developed into the most significant source of high-grade mineralization in the district. We are planning an additional 10 to 15 surface holes at the Babicanora Vein to infill recent results and test for further extensions before mid-January 2018. In addition, we will continue underground drilling at the Las Chispas and Giovanni veins. Drilling to date has intercepted areas of high-grade mineralization in all targeted veins, warranting further drilling to better define continuity and volume. We remain on track to complete our expanded Phase II program by mid-January 2018 in anticipation of releasing a maiden resource estimate for the Las Chispas Property in February 2018.”

Akiba Leisman, Executive Chairman and Interim CEO states that “this is a watershed moment for the La Trinidad Mine. Following up on an extensive review of geochemistry, geophysics, surface mapping and trenching at Colinas, we were able to hone in on an additional and potentially significant gold zone within our permitted mining boundary. In fact, the Colinas target area is a shorter haul distance to our processing infrastructure than where we are currently mining within the Taunus pit. The first two holes at Colinas, of which the first was abandoned mid-hole, have returned multiple high grade intercepts, highlighted by 10.57 g/t Au over 6.00 meters in hole 17COLDDH02. Most importantly, drilling thus far is suggesting that the gold-hosting structural corridor needs to be reinterpreted 100 meters to the west, leaving large areas of prospective ground untested.”