Commenting on the soil sampling results, Azures Managing Director, Mr Tony Rovira, stated: Azure has undertaken the first modern exploration on the Mina Blanca Ranch in the western part of the Oposura property, and the systematic and technical approach is delivering positive results.”
Golden Minerals Company has today announced financial results for the full year ending December 31, 2017.
Morgan J. Poliquin, President and CEO of Almadex noted, This financing will enable Almadex to continue with its active drill program at the El Cobre project while the spinout transaction progresses, and will also situate Spinco with a healthy treasury post-completion of the corporate reorganization in order that Spinco management can pursue the next discovery for the group.
Brian Robertson, President and CEO commented, These high grade drill results over long intervals demonstrate the continuity of the high- grade mineralization outlined by previous drilling. The results also highlight the potential for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran zone. The Eldorado Dike Contact zone has been outlined over 330 metres along strike with core widths up to 46.0 metres and remains open for expansion.
Thomas Atkins, President and CEO of Mammoth commented on drill results stating: “We continue to be very pleased with the results from this drill program. I can’t stress enough the steep learning curve we’re climbing with each hole we drill and as we continue to intersect mineralization we continue to unravel the controls to the mineralization at Tenoriba. The objective of this drill program is to test for the first time the depth extension of various areas of surface mineralization along portions of a 6 kilometre trend identified by Mammoth and how these intersections fit into the large High Sulphidation system at Tenoriba. These results assist the company in identifying characteristics and continuity at depth of potentially economical surface mineralization along this 6 kilometre trend and position us for follow-up drilling to identify a mineral resource at Tenoriba.”
Arturo Préstamo, CEO of Santacruz, stated “This services agreement is an important step for the Company as it will provide working capital that will allow us to expand the Veta Grande Project into a significant silver producer, whilst increasing the Rosario Project production during the year.”
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