We are happy with the steady improvement in production over the past year reported Salvador Garcia, Chief Operating Officer of the company. The focus continues to be moving inferred resources to the proven and probable category and improving operational culture at our principal asset, the San Martin mine.
“With an after-tax Internal Rate of Return in excess of 90%, today’s excellent PEA results confirm that the La Fortuna Project provides a robust base for the next phase of gold production in the Company’s growth pipeline,” commented Darren Koningen, Chief Executive Officer. “The simplified gold recovery process outlined in the study represents a conservative starting point that is well suited to the initial project resource which, to date, has been based exclusively on previously drilled mineralization.”
Ridgestone Mining Inc. is pleased to announce that it has established a 100% owned Mexican subsidiary, Cerro de Oro Minerales S.A. de C.V., to facilitate its mineral exploration and development activities in Mexico.
Goldplay President and CEO Marcio Fonseca commented, “Goldplay’s systematic sampling of 22 existing core drill holes (previously only partially sampled) is aimed at expanding resources and delineating mineralized zones to support a high-grade bulk mineable open pit target at the San Marcial Project. We also expect to complete a detailed 3D geological and silver mineralization model. The core reviewed to date reveals a structurally controlled mineralized system, with silver mineralization associated with significant concentrations of lead, zinc and gold, hosted by hydrothermal breccias and fault zones.”
Sable Resources Ltd is pleased to inform that the company has received all necessary permitting required to drill the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. Don Julio contains the first 5 targets of 15 identified in the 35,000ha San Juan Regional exploration program. Sable has engaged a civil engineering consultancy to assist with road and drill platform design and has conducted site visits with several drilling companies experienced in Andean projects. Road and drill platform construction is scheduled to begin following the end of the southern hemisphere winter in September 2018 with drilling to begin in October 2018. Drilling will target mineralisation at depth below the 2 by 2km Esperanza and 2km by 500m Heaven Hill gold anomalies. Don Julio will be the second project drilled by Sable this year after the recent Margarita discovery in Mexico.
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