Marcio Fonseca, Goldplays Chief Executive Officer, commented: We are very satisfied with the results of the ground geophysical survey program, supporting our exploration strategy to create a solid foundation for drill target generation to advance exploration on the El Habal Project.”
“The Ermitaño West and Aitana veins lie only four kilometres south of the operating mill at Santa Elena and remain to be explored at depth where First Majestic stated it expects to recover higher concentrations of gold and silver, in particular at Aitana,” commented Paddy Nicol, Evrim President and CEO. “First Majestic has announced plans to complete 13,000 metres of infill and expansion drilling at depth at Ermitaño West in 2018, as well as explore the recently discovered Aitana vein.”
Candente Gold Corp. (TSXV:CDG) is pleased to announce that Sun River Gold plans to conduct a drilling program to further test the Mexico Mines Tailings Deposit. The drill is currently being mobilized from the USA to El Oro, Mexico and drilling will commence once all approvals have been received from Mexican authorities.
High grade zinc assays continue to be obtained from infill and extensional drilling of the Tres Amigos resource. The drill campaign aims to convert inferred to indicated classifications and increase resource tonnages.
The results from the surface drilling continue to be extremely encouraging. Firstly, they continue to confirm and provide further detail on the extent and continuity of the complex breccia mineralization below the proposed pit, said Greg McCunn, Chief Executive Officer. In addition, the hydrothermal breccia structure that lies south of the proposed pit continues to show mineralization over wide intersections near surface and may turn out to be a second mineralized breccia pipe altogether. We are looking forward to seeing the results from the next three drill holes to see how this develops.
José Antonio Berlanga, Director and CEO, stated: “The positive Preliminary Economic Assessment marks another significant milestone for Telson. It validates the positive economic value of last years acquisition of the Campo Morado mine.”
The Company proposes to use the proceeds of the Financing for exploration and development of the Companys properties and for general corporate purposes.
ALORO MINING CORP. is pleased to announce that, effective April 2, 2018, it has appointed James Carter to the board of directors and as a member of the audit committee of the Company.
While KORESs overseas assets will be sold off without exception, the ministry will not set sales deadlines to avoid the erosion of their value. Assets deemed strategically important in terms of metallic mineral supply will be sold to South Korean companies, with the related KORES employees to be laid off during the sales process. The corporations Overseas Resources Development Headquarters will remain in operation for a while for the maintenance and management of the assets.
We successfully achieved our internal production targets in 2017, and we are very close to the completion of Mill Circuit 4, a significant investment in Avinos future, while maintaining a solid financial position said David Wolfin, President and CEO. During the year, we delivered a positive PEA on the Oxide Tailings project, completed a 22-hole drill program comprising 3,374 metres between San Luis and Elena Tolosa, and an additional drill program located to the East and to the North of the Avino vein targeting three areas of mineralization. The drill results support the continuation of the extensive Avino vein system. We delivered an 11% increase in revenue, an improvement in earnings, and maintained consistent silver equivalent production levels. Avino is celebrating its 50th year in the mining industry, and this would not be possible without the support and dedication of our teams in both Canada and Mexico.
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