Month: April 2018

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “Our initial Phase III drill holes in the Babicanora Vein continue to intercept high– grade precious metal mineralization along a drill–tested strike length of 1.5 kilometres. The drill results from the southeast extension of the Babicanora Vein, known as Area 51, show further bonanza grades1, with increased size of the high–grade footprint. For H1 2018, we will continue expansion drilling of the Babicanora Vein, initial holes into Babi Sur Vein, and additional holes into the Las Chispas, Amethyst, Granaditas and other veins. We are systematically drilling only step out expansion holes and working towards an updated resource for Q3 2018.”

“It is great to see the Arista vein system’s mineralization expand again to the northwest and both up and down-dip within this swarm of veins,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. “The known veins in this area had previously pinched down in width and to see them begin to swell again to form a new ore-shoot, along with adding new additional veins, is exciting. We look forward to testing the extensions of both these known and yet to be named veins as the Arista Mine continues to grow.”

Brian Robertson, President and CEO commented, “These initial results for our 2018 Phase 1 drilling program further confirm the expansion potential of the mineralized zones at the Las Minas property. The drilling clearly indicates that the zones extend well beyond the confines of the current Resource Estimate. These results, in addition to previously reported high-grade results for the El Dorado Dike Contact zone bode well for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran and Santa Cruz zones.”

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “It is evident from our underground sampling, that we are hitting the ground running at our Tabasquena silver mine. Which is a ‘shadows of a headframe’ project located near the Milagros mine headframe 6.5 kms away. Using the old underground workings at Tabasquena, we were able to get in to take samples from various different levels in the oxidized zone. Highlights include that, even in the oxide zone of the Tabasquena epithermal vein, we are seeing solid grades. This is not a surprise, as the historical mining by Penoles was confined to the oxide zone.”

Charles Funk, VP of New Opportunities and Exploration commented, “The initial results from this exploration program at La Gloria are very impressive both in terms of grade and size potential. While the hand trenching and mapping give the surface extent of the mineralization, the IP geophysics gives us a sense of that third dimension — depth or more specifically, the extent of oxidation and silicification which are key elements of this deposit type. The IP geophysics highlights a 100 metre deep by 300 metre long high resistivity zone located immediately below the trenches, with a possible feeder zone at depth, and a prospective new zone 400 metres to the west.”

Bradford Cooke, Endeavour CEO, commented, “Our First Quarter production was much improved over last year. As a result, we are on track to deliver higher production and lower costs in 2018 thanks to improved operating performance at each of the three existing mines and the development of our fourth mine at El Compas into commercial production by the end of July.