Category: Exploration and Development

“The initial resource for Cerro Verde has greatly advanced the San Javier project and will form the foundation for an upcoming preliminary economic assessment,” states Rick Trotman, President and CEO of Barksdale. “Given the very limited amount of waste rock and the low acid consumption rates on the oxide material, we are very encouraged that Cerro Verde could be a quality low-cost development project in the very near future that has considerable resource upside.”

Chief Executive Officer, Daniel Kunz commented, “We are very excited about the progress we have made in the Phase 2 drill program. Our exploration team has improved the structural modelling demonstrably, which has resulted in a more targeted and accurate drill program. As a result, the number of wide, high-grade intercepts we are seeing in our results has increased.”

Richard Lock, CEO, commented: “We are very pleased with these drill results as we continue to extend the area of the shallow-seated higher-grade mineralization further south, extending the strike of the North Zone significantly, and expanding the width of the deposit to the west.”

J.D. Poliquin, Chairman of Azucar Minerals stated, “These two holes were the first to be drilled into this newly defined alteration target. It is important to remind shareholders that this zone is one of many porphyry targets and centres on the project.”

Chris Wright, Chairman & CEO, commented: “With the mineral envelope around the main Veta Grande structure continuing to grow, we are beginning to focus on delivering an updated resource estimate at the project. As such, resource expansion drilling at depth below the current resource area will be a high priority during this campaign.”

GR Silver Mining Chairman and CEO, Eric Zaunscherb comments “It is very satisfying to see the emergence of the SE Area as a potential contributor to the upcoming resource estimation update. Our geological team has done a superb job in identifying this target and efficiently probing its geometry and continuity in recent drilling.”

Tony Makuch, Interim CEO, states: “Results from our first set of drill holes to increase the confidence level of the resource model continues to demonstrate the excellent continuity of mineralization within the open pit at Cordero and supports the mineral resource estimation.”

“We continue to advance the drilling in our newly added Eagle concession which we feel will add greatly to the value of our Los Ricos South project,” said Brad Langille, President and CEO. “In conjunction with the Eagle drilling program we have re-logged and re-examined the previous drilling in the Main zone and added additional drilling in areas where we felt we could add more very high grade ounces.”

“Confirming the location of the 1960s drill collars and finding discarded high-grade vein material were welcome bonuses to regaining underground access for mapping and sampling,” stated Darrell Rader, Minaurum Gold President and CEO.

Aztec Minerals Corp. announces that it continues to intersect gold mineralization extending the California Zone to the North with initial assay results for five additional core holes from the recently completed the Phase 3 core drilling program at the Cervantes Project in Sonora, Mexico.