Category: Exploration and Development

“We are encouraged by the drill results at Guanacevi, as we continue to delineate high grades in areas which are proximal to the mill and historic working areas. The results announced today demonstrate both growth and steady improvement of the deposit and mine plan,” stated Dan Dickson, Chief Executive Officer.

Jorge Alarcon, CEO of Oztoc, comments: “My goal as CEO is to make a real difference in a business that has centuries of working with the same principals. Some people do not like change, but you need to embrace change if the alternative is a disaster. Together with Galore Resources, we have found a new technology to improve efficiency, save water and prevent diesel contamination. I am proud to announce that we have made an agreement to purchase high end technological equipment that will make us better stewards of the environment and surpass the current process of refining precious metals.”

“Our ongoing mapping and sampling efforts in the western area of the district have highlighted several new drill ready targets including Cruz Negra,” commented Michael Konnert, President and CEO. “

“After a challenging start due to a particularly intense rainy season and some maintenance issues with the drill rig, we are now advancing with the drilling,” said Craig Gibson, President and CEO of Prismo. “The first batch of samples have been sent to the lab for analysis. Results are expected to be received in about two weeks.”

“Over the last year we have seen a major advancement in our understanding of our Pilar and El Picacho projects.”, commented CEO, Brodie Sutherland. “We are excited to continue that advancement with the first large scale bulk sample at Pilar to further confirm the grade and recovery of gold and silver.”

“This is a unique opportunity to create a long-term partnership between two high quality mining companies working together to de-risk and optimize a world class VMS deposit in a premier mining jurisdiction,” added Ammar Al-Joundi, President and CEO of Agnico Eagle.

“ELG Underground has been a significant driver of Mineral Reserve and Resource growth over the last several years, and the latest results from the ongoing drill campaign continue to validate our positive outlook. We are excited about the long-term prospects of the ELG Underground given the potential to continue to grow higher grade reserves and resources while steadily increasing mining rates toward a target of 2,000 tonnes per day.”

“Our exploration team has done a remarkable job of delineating a large resource with notable growth potential in only four years. Our confidence in the geology has also improved, resulting in a large portion of the deposit now being classified as indicated resources,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.

“This drilling represents results from exploration from outside of our resource areas and are some of the first results from these new targets. These targets will require future drilling which will be aimed at developing future resources.”

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.”