Diamond Drilling and Modern Mud Systems
February 24, 2020
Written by: Bart Forsyth, Oretest Drilling Mexico The Decanter Centrifuge In Oretest Mexico we have added SRU or Decanter Centrifuges to our mud system and
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Written by: Bart Forsyth, Oretest Drilling Mexico The Decanter Centrifuge In Oretest Mexico we have added SRU or Decanter Centrifuges to our mud system and
“We are very pleased with this new set of results, which are consistent with our previous sampling and are likely the expression of a large Au-Cu porphyry-skarn mineralized system”, commented Ruben Padilla, Sable’s VP of Exploration.
Radius Gold Inc. is pleased to report that Pan American Silver Corp. has elected to exercise a right to include the 800ha Palmillas Properties within the Amalia Project joint venture. The Palmillas Properties host multiple exploration targets, including high-grade silver-gold mineralization, outcropping 1.8km northwest along strike from the drill defined high-grade zone at San Pedro.
Some of our most important investors have been requesting information on this specific which we intend to address professionally. It is very important to mention that to convince a Professional Geologist to write a NI 43-101 Report the company must have a Property of Merit.
“Today’s exploration results bring us another step closer to ensuring a longer mine life for Santa Elena,” stated Keith Neumeyer, President and CEO of First Majestic. “Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high-grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the Ermitaño project which will include these high-grade drill results.”
Pete Dougherty, President and CEO stated: “During 2019, we increased our consolidated Mineral Reserves by 48%, GEO production by 13% and grew our net cash position by over $26 million.”
Bradford Cooke, Endeavour CEO, commented, “The Company’s financial performance last year was negatively impacted by significant operating issues and higher costs at each of our mines. We made sweeping changes to the mining operations in Q2 and Q3 and as a result, we are finally seeing production rising and costs falling, led by Guanacevi. Endeavour expects higher production and lower costs at each of its three mines in 2020.”
Excellon President & CEO Brendan Cahill stated: “The acquisition of Otis Gold represents an exceptional opportunity to further Excellon’s vision of creating wealth. We believe that we are at the dawn of a new bull market in precious metals. The Kilgore deposit multiplies our resource base and increases our precious metal exposure from approximately fifty percent to over ninety percent.”
Octavio Alvídrez, Chief Executive Officer of Fresnillo plc, said: “Juanicipio is an outstanding project which will generate strong returns for our shareholders, and significant benefits to the region. We continue to de-risk and refine the best construction plan that will drive the most value and ensure we capitalise on the opportunity that Juanicipio presents. I am pleased to confirm we are accelerating development of the underground mine and as a result, I expect the mine will be producing silver and gold ahead of schedule in 2020.”
The Company proposes to use the funds from the Loan for construction, development and exploration activities in Nicaragua, for general corporate purposes and for fees and expenses incurred in connection with the Loan.
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