J. Duane Poliquin, Chairman of Azucar commented, We continue to advance our understanding of the Norte zone with the ongoing drill program. With our current understanding we have been able to plan holes to test for deep high grade mineralisation and to step out beyond the current known mineralisation. We look forward to reporting results as the program continues.”
Kootenay Silver Inc. is pleased to report that Aztec Minerals Corp. today announced high gold recoveries were achieved by cyanide leach analysis of five drill holes from the California porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico. The drill holes were selected from a northeast to southwest fence to represent the following main types of mineralization: oxide, mixed oxide-sulphide, copper enriched, and sulphide.
We are very happy to see such high gold recoveries using the ALS-Chemex cyanide leach analysis, a clear indication that the precious metals in the gold oxide cap of this newly discovered porphyry gold-copper system are amenable to leach processing, commented Joey Wilkins, President and CEO. We plan to conduct more detailed metallurgical test-work on both leach and flotation recoveries in order to more fully un-lock the mineral potential of the California zone but these positive leach results are a great start.
The gross proceeds of the FT Offering will be used for further exploration of the Company’s Pine Pass vanadium project located on the John Hart Highway between Mackenzie and Chetwynd, British Columbia.
In a news release issued yesterday morning, the Company had reported that one insider of the Company had participated in the Financing, when in fact, there were 2 insiders, who invested an aggregate of CA$181,650 (US$140,000) representing 8.2% of the total amount raised.
Un total de 240 trabajadores de la mina El Cubo serán despedidos, debido a la baja producción que proyecta tener el próximo año la empresa Endeavour Silver Corporation, de acuerdo con una revisión anticipada. La mina reduciría sus tres turnos a uno solo por día en 2019.
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