Azure Minerals Limited is pleased to advise that resource definition drilling of the Companys flagship Oposura Project continues to deliver solid and very encouraging results. The initial mineral resource estimate is due in May and the release of the Scoping Study / Preliminary Economic Assessment is expected in Q3 2018.
Morgan Poliquin, President and CEO of Almaden, stated “We are pleased to have selected SRK and MMTS to conduct the Ixtaca gold-silver project Feasibility Study. Along with greater detail on the feasibility of the project, we are developing a full understanding of social, hydrologic, hydrogeologic and geochemical conditions at the site well in advance of mining activity. This is all based on the work of the independent engineers we have engaged, utilising best practices to international standards and is peer reviewed. ….”
With the significant increase in contained zinc and silver in the indicated resource, San Felipe now becomes a more substantial project in the current zinc market, stated Darren Blasutti, President and CEO of Americas Silver Corporation. The updated estimate at San Felipe highlights potential for another low-capital project for the Company, after our successful start-up of the San Rafael mine and the rapid resource expansion of the silver-rich Zone 120 deposit. We will continue to evaluate San Felipe for its economic merits and strategic fit ahead of making the final payments for the option on the property by the end of the year.
We are very pleased that almost all of the accelerated Warrants were taken up in view of the planned level of exploration activity expected by our joint venture partners on all six of the Companys partnered projects this year, commented Evrims CEO, Paddy Nicol. The proceeds further strengthen our balance sheet and allow for greater flexibility as the Company continues exploration on its wholly-owned Cuale gold project in the months ahead.
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