“Drilling at Platosa continues to define high grade mineralization ahead of production,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development.
“We’re pleased with these exceptional grades contained within wider zones of strong grades at Casados. As we work towards our initial resource at Los Ricos North expected this fall, we’re beginning to work on finalizing our models for certain areas of the project.”
Duane Poliquin, Chairman of Almaden, stated “Almaden has a demonstrable and long-standing commitment to conducting its business in a manner which promotes the quality of life of local people. However, as the Ixtaca project advances, so does its potential to impact human rights both directly and indirectly.”
After a declining US $42 Friday at US $1764, on Sunday approximately 24,000 gold futures contracts with a notional value of approximately US $4 billion were sold in what was predictably a very thin market, filling every bid down to US $1677 and, in doing so, gold’s price reached last March and April’s double bottom before rebounding US $76 to $1753.
“Newfoundland offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects,” said Greg Davison, Silver Spruce VP Exploration and Director.
Mr. Hawley continues: “As assay results from this new gold domain system are received, we are refining the interpretation of structural controls as seen in Figure 1, which is an isopac contour of gold grade multiplied by thickness.”
“We are extremely pleased to have made this acquisition and to be able to look at the El Creston Project in three different ways – one as a moly deposit; another as a property with gold showings; and thirdly, as a project with the potential for copper porphyry at depth,” commented Robert Eadie, CEO and a director of the Company.
Mr. Ménard brings fifteen years of experience in various engineering and management roles on energy, mining and mineral processing projects worldwide, including most recently as Chief Operating Officer at AEX Gold Inc.
“Improved production rates and higher metal prices during the quarter generated record revenues for the business,” stated Keith Neumeyer, President & CEO.
Gatos Silver, Inc. announces the departure of John Kinyon, Chief Operating Officer, from the Company effective today. The Los Gatos Joint Venture operations will report directly to Dale Andres, President of the Company.
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