Riverside’s President and CEO, John-Mark Staude: “The Oakes Project had previously only seen two drillholes, so we are very encouraged to see our first set of shallow holes include multi-gram gold intercepts that demonstrate the interpreted vertical gold bearing structures continue at modest depths.”
Alan Pangbourne, President and CEO, commented “the metallurgical results to date confirm that the fresh core samples being tested from Metates will oxidize in a similar fashion to the first column. We are now focusing on optimizing the oxidation rate and achieving sufficient oxidation to achieve the targeted gold and silver recoveries.”
James Anderson, Chairman & CEO said, “Our geological teams are rapidly advancing our understanding of the large volume of mineralized material that remains accessible and available to be mined at Valenciana. With over 400-years of mining history, Valenciana is poised to begin a new chapter of growth, development, and expansion along one of the world’s most productive silver producing geological structures – the Veta Madre.”
“The data clearly shows that San Ramon is a high-priority target showcasing mineralization from surface to a minimum depth of 60-meters, over a 500-meter trend and open in all directions.”, commented CEO, Brodie Sutherland.
Silver Tiger’s CEO, Glenn Jessome, stated, “The wide, high-grade drill intercepts in Drill Hole 395 represent a new deep extension of the El Tigre Vein more than 200 meters below where mining ceased. Drill Hole 395 is the first time we have hit high grade mineralization at this depth and the intercept is 1,000 meters Northwest of previous deep mining on the El Tigre Vein.”
Great Panther Mining Limited announces that it has signed a non-binding Letter of Intent with Newrange Gold Corp. to sell 100% of the Company’s Peruvian subsidiaries, Great Panther Silver Peru S.A.C. and Great Panther Coricancha S.A.C., which hold the Coricancha Mine in Peru, for a total purchase price of US$750,000 payable in cash.
Out of nearly 1500 samples, over 10% report between 1.1 and 32.6 g/t Gold and 6% report between 199 and 14,170 g/t Silver. “Our results from applying modern exploration techniques into the underexplored parts of the historic Batopilas district reinforce our belief that exploration has only scratched the surface in Mexico,” said Jorge Ramiro Monroy, Pres and CEO of Reyna Silver.
“La Adelita is clearly a very large system, and we are delighted to see such high grades across wide geographic areas. The more work we do, the more we like how our model for the overall mineralization model is developing”
At the Cosalá Operations, as limited exploration drilling was conducted on the property the M&I mineral resources are almost unchanged year-over-year. The Company recently reinterpreted historic geophysical information and, after incorporating new data from an IP survey completed this summer, has identified seven major IP/Mag anomaly trends on property near San Rafael and EC120. A 17-hole drill program is planned to test this area.
“Having a safe and successful commissioning is crucial and we are respectful of the prudent approach being taken by the regulators in Mexico,” said George Paspalas, MAG’s President and CEO. “Whilst we await the final tie-in, we are pleased with Juanicipio’s continued strong operating performance and increased processing opportunities at Fresnillo’s Saucito and Fresnillo facilities.”
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