Month: June 2018

Dr. Peter Megaw, MAG’s Chief Exploration Officer commented, “With the Zacatecas Silver District consolidating, MAG was approached by a number of companies looking to acquire its holdings in the camp. MAG chose to partner with Defiance because of our long-held interest in the exploration potential of the Veta Grande Vein, the second most important vein in the billion-ounce Zacatecas silver district. A number of high-grade ore-shoots have been found along its length and the ability to expand exploration to a continuous 5.6 km stretch of this historically under-explored vein greatly enhances the potential for discovering more. This strategic interest in Defiance provides MAG with exposure to the upside of future discoveries as their exploration of this important vein advances.”

As part of the ongoing exploration follow-up, beginning 2017, a reconnaissance program of sampling, mapping and assaying was conducted within the property. The large area of these mineralized and partially brecciated showings define a rhyodacitic volcanic dome that is associated with high sulphidation style alteration have been confirmed to have anomalous gold, bismuth and molybdenum in rock. Several felsic dome/ silica breccia complexes have been located throughout the property.

“La mejor manera de llegar a ser más competitivos es trabajando en la mejora del recurso humano, que es lo más importante al interior de las empresas mineras”, apuntó Lomelín Guillen.

“Definitivamente, como lo manifestamos en su momento, no estamos de acuerdo con el impuesto ecológico, así lo manifestamos al Congreso del estado y al gobierno del estado. Ese proceso está en instancias judiciales, tenemos una impugnación del gobierno federal y será el tribunal de justicia quien resuelva”, dijo Octavio Alvídrez Ortega, director general de la empresa Fresnillo plc, en mayo pasado.

N. Eric Fier, CPG, P.Eng and CEO, remarked, “With this confirmed discovery of continuous high-grade mineralization in the Granaditas Vein, we continue to increase our near-surface high-grade footprint in the district. In early 2017, the Company received from a local rancher a historic map showing the location of the Granaditas Mine that was operated by the Spanish in the early 1800’s. Up until receipt of the map, the location of the mine was unknown and documented as a lost Spanish mine. Historic reports show that approximately 3 million ounces of silver were mined from the Granaditas Vein to a depth of 90 feet where water was encountered. SilverCrest drilled below this depth and intercepted high-grade mineralization using the same geologic controls as other high-grade veins in the district. It is our intention to further drill test the Granaditas, Babicanora Norte, Babicanora, Babi Sur, Luigi and other veins during the next couple of months and include the results in the proposed updated resource planned for Q3 2018.”

In several parts of the Oposura mineralised system, thick mineralised intersections comprise narrow bands of very high-grade mineralisation separated by intervals of lower grade or waste material. Azure’s studies indicate that some of these thick mineralised zones may be more suitable to a “bulk” mining approach rather than “selective” mining, thereby reducing unit operating costs and maximising resource recovery.