Together with the previously announced change of land use notification, the Company possesses all the key federal approvals necessary for the construction of a commercial scale mine and associated processing facilities at the Fortuna project site.
“Our recent delineation drilling at Marianas, San Martin and Diluvio West confirm that these zones are emerging as important contributors to the future production at Mercedes,” commented Stephen McGibbon, Executive Vice-President. “We are excited by these three major areas that have yielded some of the best grade intercepts over the past several years.”
The results confirm the presence of wide and high-grade zones of silver, gold, lead and zinc mineralization, close to the surface in a new mineralized structure paralled to the San Juan Area. In addition to encountering attractive, near surface polymetallic (Ag-Au-Pb-Zn) mineralization at Yecora, gold-hosted veins have been identified indicating new opportunities for shallow drilling.
Telson Mining Corporation is pleased to announce that it has initiated the transport of ore from its Tahuehueto Gold Project, located in Durango, Mexico, for mineral recovery at the Atocha toll mill, as part of a 3,500 tonne toll mill campaign.
The recently received batch of assays contain significant results from the Cerro Rojo area, the El Sahuaro target area, and from the West Evelyn area of the property.
The Property is comprised of two mining concessions, covering 125.625 hectares, located within the prolific Sierra Madre Gold Belt, which hosts numerous multimillion-ounce gold-silver deposits, 88 kilometers south of the state capital of Chihuahua in the Municipality of Satevo, State of Chihuahua, Mexico. The Property lies 15 kilometres northwest on strike with Sunshine Silver Corp.’s Los Gatos Mine.
The discovery of veining within several outcrops within the SE Alteration Zone is further evidence of the areas’ potential for hosting additional zones of epithermal mineralization.
Jorge Diaz, Sonoro’s Vice President Operations, stated, “It is worth noting that current exploration results are confirming Sonoro’s expectations regarding Cerro Caliche’s potential to become another important heap leach mining operation in Sonora State.”
Riverside’s President and CEO, John-Mark Staude, stated: “Our exploration teams continue to deliver strong results in the field with our partner Carlyle Commodities Corp and we look forward to drill with them at Cecilia shortly.”
Morgan Good, Carlyle’s Chief Executive Officer, commented, “The Riverside technical team have once again provided excellent field results with high-grade gold assays of up to 48.3 g/t from the most recent batch of channel samples at the Cecilia project. The company is very enthusiastic as it advances one step closer to the maiden drill program at Cecilia and is optimistic its partner Riverside will continue delivering exploration success in the weeks and months ahead.”
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