Month: March 2019

The Company advises that a local rancher with which CZL has a Land Use Agreement commenced legal proceedings against the Company’s Mexican subsidiary that owns the Plomosas Mine, Minera Latin American Zinc S.A.P.I. de C.V. and Retec Guaru SA de CV to terminate the Agreement. The rancher has claimed MLAZ failed to provide notification of assignment the Agreement transferring from Retec to MLAZ and for failure to pay the land use rental charges.

“We are very excited to have a second access at the Mirador and that mine development finally intercepted this wide, high-grade vein,” stated Mr. Jason Reid, President and CEO of Gold Resource . “To cut a face with ruby silver grading close to a kilo over six meters is exciting. Feeding that ore now to the mill is even better. A small portion of our Oaxaca Mining Unit’s 2019 silver production is targeted from the Mirador Mine; however, if these grades and vein widths remain for an extended period of time, the Mirador Mine could play a larger role in our 2019 production results.”

Hole 22 exhibits our best zinc and lead values to date. commented Ruben Padilla, Vice President of Exploration for Sable. We are very happy to have identified a new vein in the hanging wall of the margarita structure with this hole.

J. Duane Poliquin, Chairman of Azucar commented, We are pushing on with our comprehensive two year intensive drill program at the El Cobre project. The results so far have shown that the property hosts multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as the program continues.

Reconnaissance exploration recently completed at the Mecatona Property was successful in the discovery of a previously unknown silver, copper, gold zone hosted in pervasive skarn-altered Lower Cretaceous turbidites of the Mezcalera Group. Silver, copper, gold and anomalous cobalt mineralization is distributed in a 200 by 400 meter zone with apparent uniformity. Highlights of the program include 51 samples (29 chips averaging 1 meter in length, 17 grabs and 5 dump) taken across the new zone returning silver values averaging 110 gpt with a high of 486 gpt silver. Additional highlights of all samples taken within the mineralized zone include 12 of 51 samples grading > 100 gpt silver with 86% returning values greater than 20 gpt silver.