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By Miguel A Heredia

During the seventh week of the year (February 11th to February 17th, 2019), at least 32 press releases were announced by companies working in Mexico, with twelve communicating production results, seven informing on exploration results, six disclosing deals and corporate issues, three announcing financing rounds, three reporting on resources and development of their properties, and one discussing Mexican issues. ON MEXICO ISSUES, Michael Harvey, director of Corporate Affairs for GoldCorp declared that Zacatecas has lost attractiveness for mining.  ON EXPLORATION, In Sonora, Silver One commenced a 1,000m drilling program at its Peñasco Quemado project,  SilverCrest reported drill results and discover of the Babi Sur Vein within its Las Chispas project, and Silver Viper provided an update of the 2018 drilling program at its La Virginia project. In Chihuahua, Evrim and its partner, Harvest Gold reported drilling results from its Cerro Cascaron project, and Ethos received permits for trenching and drilling its La Purisima Au project. In Jalisco, Evrim reported drilling results from its Cuale project. In the State of Mexico, Candente commenced a drilling program to explore near surface drill targets at its El Oro project.  ON MINING, Alio provided an update of the operation of its San Francisco mine in Sonora. Hecla reported Q4, 2018 production results from its San Sebastian mine and Avino reported full 2018 year production from its Avino mine in Durango. Capstone presented Q4 and full year 2018 production results from its Cozamin mine in Zacatecas. Santacruz Silver announced Q4 and full year 2018 production results from their Mexican operations. Telson released full year 2018 production results from its Campo Morado mine in Guerrero.  Consolidated Zinc presented January 2019 production results from its Plomosas mine in Chihuahua. Fortuna reported and confirmed no contamination of soil at its San Jose mine in Oaxaca.  ON FINANCING, Auxico closed a non-brokered private placement for gross proceeds of $400K (Zamora project, Sinaloa). Riverside announced a private placement to raise gross proceeds for CAD$1.5M (Cecilia project, Sonora). Magna Gold announced a proposed non-brokered private placement for gross proceeds of up to CAD$3.2M (Mercedes project, Sonora).  ON RESOURCES AND DEVELOPMENT, Fortuna Silver announced results from the brownfield exploration program conducted at its San Jose mine in Oaxaca.  Torex announced infill drill results from its El Limon Deep project in Guerrero. Bacanora Lithium provided an update of the H2 activities developed at its Sonora Lithium project in Sonora. Hecla increased mineral resource at its San Sebastian mine in Durango. ON DEALS AND CORPORATE ISSUES, Sonoro announced management appointments (Cerro Caliche, Sonora).  Prospero Silver provided an update of its option agreement with Fortuna Silver on its Pachuca SE property in Hidalgo. Great Panther announced the approval from their shareholders to acquire Beadell Resources and change its name to Great Panther Mining Limited (Topia mine, Durango). Evrim granted 200K stock options to their employees (Cuale project, Jalisco). Magna Gold provided an update of its option agreement to acquire 100% interest on the Mercedes property in Sonora. Telson announced that they have identified a sophisticated concentrate theft from its Campo Morado mine in Guerrero during its transportation to the Trafigura warehouses in the Manzanillo port.

 

ON MEXICO ISSUES

  • Michael Harvey, director of Corporate Affairs for GoldCorp Inc., declared that Zacatecas has lost attractiveness for mining after the Supreme Court of Justice of the Nation (SCJN) declared constitutional 4 taxes called ecological (Extraction of Minerals, Emission of Gases to the Atmosphere, Emission of Contaminants to the Soil, Subsoil and Water and the Deposit and Storage of Residues) on the mining sector. It sends a very negative signal about the stability of the investment in Zacatecas.

ON EXPLORATION

  • Silver One Resources Inc., commenced a 1,000m drilling program at its Peñasco Quemado project in Sonora. The drilling program will test three targets selected on coincidental geochemical and geophysical anomalies. The company will test two targets in the eastern part of the property: a) the down-dip extension of the drill defined historic Ag resource area, interpreted as a shallow southwest-dipping replacement manto, coincident with a low-intermediate resistivity anomaly, and b) the along-strike extension of the historic Ag resource area as identified by strong > 3 km long southeast trending Zn, Pb, Ba, and Mn in soil anomalies and partially coincident with geophysical anomalies. In the western part of the property, Silver One will test strong Zn, Pb, and Cu soil anomalies with coincidental geophysics in an area drill tested by Silvermex in 2008 where significant intersections were encountered as that in Hole PQRC51 with 4.5m of 340 g/t Ag at a depth of 88m from surface.
  • SilverCrest Metals Inc., reported drill results and discover of the Babi Sur Vein within its Las Chispas project in Sonora. Highlights results are Hole BAS18-31 which intersected 2.2m (TW) of 18.78 g/t Au and 2,147 g/t Ag (3,556 g/t AgEq), and Hole BAS18-07 with 2.2m of 4.63 g/t Au and 209 g/t Ag (556 g/t AgEq). “The high-grade footprint of the Babi Sur Vein has been drill intercepted with 14 core holes over approximately 1.5 km strike length. Of the 14 intercepts with an average true width of 1.4 metres, six are greater than 400 g/t AgEq (400 to 3,555 g/t AgEq)”.
  • Silver Viper Minerals Corp., provided an update of the 2018 drilling program conducted at its La Virginia project in Sonora. 4,753m were completed in 20 core drill holes, over five distinct prospect areas, distributed along 11km of the prospective structural trend. “The highlight of 2018 was El Rubi, a never-before drilled showing, located some 1.5km north of any previous drilling.  El Rubi returned a best result of 6m true width (13.3m core length) averaging 3.16 g/t gold and 228g/t silver for a gold equivalent grade of 6.42g/t Au”. 
  • Ethos Gold Corp., received the approved permits for trenching and drilling its La Purisima Au project in Chihuahua. Ethos announced the commencement of the trenching program and expects to start the drilling program in March, 2019. The target area is at least 2km long and has not seen modern and systematic exploration. The company has estimated an initial and modest budget of approximately US$350K to conduct trenching and drilling at La Purisima project.
  • Evrim Resources Corp., and its partner Harvest Gold Corp., reported drill results from their Cerro Cascaron project in Chihuahua. Nine core drill holes were completed at Serpiente Dorada, San Pedro, and Cascarita target areas for a total of 1,885m. Assay results have been received for only seven of the nine holes drilled to date. Significant drill interceptions were encountered in Hole SPT 18-01 (Serpiente Dorada target area) with 6.5m of 3.29 g/t Au and 6 g/t Ag, including 1m of 20.1 g/t Au and 22 g/t Ag, and Hole SPED 19-02 (San Pedro target area) with 4.8m of 1.02 g/t Au and 13 g/t Ag and 0.35m of 5.39 g/t Au and 24 g/t Ag.
  • Evrim Resources Corp., released additional drilling results from its Cuale project in Jalisco. Evrim has received assays from ten core drill holes completed in 2018 for a total of 2,179m. Significant drill intersections were encountered in Hole GLR18-04 with 32m of 0.83 g/t Au from surface, including 22m of 1.06 g/t Au, and a deeper interval with 12m of 0.34% Cu; Hole GLR18-09 with 11m of 0.31 g/t Au from 36m downhole, and Hole GLD18-10 with 4m of 0.42% Cu from 136m downhole.
  • Candente Gold Corp., begun a drilling program to test near surface drill targets at its El Oro project in the State of Mexico. “The Company remains committed to pursue drill targets previously developed on the San Rafael vein in the Mexico-Esperanza mine border area where three holes intersected high grades of gold and silver (30.7 g/t Au over 1.9m; 18.1 g/t Au and 137 g/t Ag over 0.4m, and 16.7 g/t Au and 32 g/t Ag over 1.4m) in the San Rafael and parallel veins as well as disseminated gold (1.0 g/t Au over 75m) in the overlying porous tuff horizon and has decided to develop more shallow targets as well”. The first target to be drill tested is the Cortaduras area which is about 6.5km west of the San Rafael vein and 5km west of the Veta Verde vein from which 6.4M Oz Au and 74 M Oz Ag (8M Oz AuEq) were produced historically in 4 mines.

ON MINING

  • Alio Gold Inc., reported that 528,770 tonnes of stockpile with a grade of 0.31 were stacked on the leach pads. Au production for the month of January was consistent with Q4 production at approximately 3,890 Oz (subject to finalization and refinery adjustments). Alio also announced that they have sufficient stockpiles to operate at this capacity throughout 2019 while the company continues developing an engineered plan for recommencing mining activities.
  • Hecla Mining Company, presented Q4, 2018 production results from its San Sebastian mine in Durango. Hecla processed 156,733 tonnes at the mill to produce 2.04M Oz Ag and 14,979 Oz Au.
  • Avino Silver & Gold Mines Ltd., released full 2018 production results from its Avino mine in Durango. In 2018, the company produced 1.28M Oz Ag, 8,100 Oz Au, and 4.8M Lb Cu (or 2.8 M Oz AgEq).
  • Capstone Mining Corp., presented Q4 and full year 2018 production results from its Cozamin mine in Zacatecas. In Q4, 2018, Capstone produced 9.3M Lb Cu for a total of 155.2M Lb Cu produced in the full year. Zn production in 2018 totaled 15M Lb Zn.
  • Santacruz Silver Mining Ltd., announced Q4 and full year production results from their Mexican operations. At its Veta Grande mine in Zacatecas, Santacruz milled 36,719 tonnes of 81 g/t Ag to produce 58.9K Oz Ag, 113 Oz Au, 660.8K Lb Pb, and 891K Lb Zn. In the full year, 150,281 tonnes were milled with a grade of 73 g/t Ag to produce 190.3K Oz Ag, 367 Oz Au, 1.76M Lb Pb, and 2.5M Lb Zn. At its El Rosario mine in San Luis Potosi, the company milled 16,676 tonnes of 42 g/t Ag to produce 18.9K Oz Ag, 131 Oz Au, 89.6K Lb Pb, and 358.4 Lb Zn. In the full year, Santacruz milled 61,184 tonnes of 43 g/t Ag to produce 72.4K Oz Ag, 379 Oz Au, 286.7 Lb Pb, and 2.3M Lb Zn.
  • Telson Mining Corporation, released full year production results from its Campo Morado mine in Guerrero. In 2018, Telson processed 585,601 tonnes of 1.02 g/t Au, 118 g/t Ag, 1.1% Pb, 4.3% Zn, and 0.37% Cu to produce 2,870 Oz Au, 622.3K Oz Ag, 4M Lb Pb, 36.3M Lb Zn, and 373.3K Lb Cu.
  • Consolidated Zinc Limited, presented January 2019 production results from its Plomosas mine in Chihuahua. The company mined 3,530 tonnes of 10.3% Zn and 3.3% Pb to produce 813K Lb Zn and 262K Lb Pb, with metallurgical recoveries of 84% and 85% respectively.
  • Fortuna Silver Mines Ltd., reported and confirmed that the overflow of the contingency pond at its San Jose mine in Oaxaca did not contaminate soils, and therefore no remediation is required. PROFEPA has already completed its investigation and confirmed the no contamination of soils from the overflow.

ON FINANCING

  • Auxico Resources Canada Inc., closed a non-brokered private placement for gross proceeds of $400K (Zamora project, Sinaloa).
  • Riverside Resources Inc., announced a plan to complete a non-brokered private placement to raise gross proceeds for CAD$1.5M. Net proceeds will be used to drill its Cecilia gold project in Sonora.
  • Magna Gold Corp, announced a proposed non-brokered private placement for gross proceeds of up to CAD$3.2M.

 

ON RESOURCES AND DEVELOPMENT

  • Fortuna Silver Mines Inc., reported results from the brownfield exploration program conducted at its San Jose mine in Oaxaca. The brownfield exploration program comprised 50.904m in 105 holes completed with up to six rigs in 2017 and 2018. Victoria is a primary target explored by underground drilling in which 27,302m in 53 holes were collared. Drill highlights include Hole SJOM781 with 13.5m (TW) of 119 g/t Ag and 0.57 g/t Au, Hole SJOM789 with 3m (TW) of 404 g/t Ag and 2.81 g/t Au, Hole SJOM794 with 6.3m (TW) of 213 g/t Ag and 1.24 g/t Au, Hole SJOM830 with 5.3m (TW) of 273 g/t Ag and 2.1 g/t Au, and Hole SJOM833 with 7.8m (TW) of 217 g/t Ag and 1.72 g/t Au. “Following the successful exploration results for 2018, the Company has allocated US$4.5 million to continued brownfield exploration at San Jose in 2019, including an estimated 11,500 meters of surface and underground diamond drilling and 450 meters of underground development for exploration drilling”.
  • Torex Gold Resources Inc., released results of the first 32 holes of its infill drill program completed at its El Limon Deep Zone project in Guerrero, which is the downdip extension of mineralization below the El Limon open pit. Significant drill intersections were encountered in Hole LDUG-026 with 8.5m of 25 g/t Au, Hole LDUG-013 with 7.5m of 24.9 g/t Au, Hole LDUG-021 with 15.2m of 16.8 g/t Au, and Hole LDUG-002 with 45.9m of 12.5 g/t Au.
  • Bacanora Lithium Plc., provided an update of the H2, 2018 activities developed at its Sonora Lithium project in Sonora. Bacanora has secured US$240M as part of the financing package to construct an initial 17,500 tpa Li carbonate operation and continues discussions with industry and strategic financial parties with regards to completing Sonora's finance package. The company also obtained and unrestricted access to develop and operate the Sonora mine secured following acquisition of La Ventana and La Joya mineral concessions for US$2.9M with the final consideration settled in August 2018. The processing plant sites change of land use permission was approved and augments the Manifestación de Impacto Ambiental (MIA-Environmental impact assessment permissions) for the project and the MIA for permanent road construction previously approved in 2018.These developments enable the project to commence construction, immediately after the project financing package is completed.
  • Hecla Mining Company, increased reserves and mineral resources at its San Sebastian mine in Durango. Proven reserves are 22,000 tonnes of 121 g/t Ag and 2.48 g/t Au (85K Oz Ag and 2K Oz Au contained), and probable reserves are 206,000 tonnes of 407 g/t Ag and 3.11 g/t Au (2.7M Oz Ag and 21K Oz Au contained). Total proven and probable reserves are 228,000 tonnes of 382 g/t Ag and 3.11 g/t Au (2.79M Oz Ag and 23K Oz Au contained).Indicated resources at San Sebastian are 2,243,000 tonnes of 202 g/t Ag, 1.55 g/t Au, 2.5% Pb, 3.5% Zn, and 1.6% Cu (14.7M Oz Ag, 115K Oz Au, 68.12M Lb Pb, 95.7M Lb Zn, and 44.3M Lb Cu contained). Inferred resources are 3,487,000 tonnes of 205 g/t Ag, 1.24 g/t Au, 1.7% Pb, 2.5% Zn, and 1.3% Cu (22.9M Oz Ag, 143K Oz Au, 27.1M Lb Pb, 39M Lb Zn, and 19.9M Lb Cu contained). Hecla also presented Q4 2018 drill results conducted with three core drill rigs and one RC drill. One underground drill rig completed in-fill drilling in the central and upper portion of the oxide zone along the Middle vein. Additionally, two core drill rigs tested shallower oxide mineralization along the West Francine, Esperanza veins and El Toro vein. Highlights drill results at the Middle vein are 3.6m of 2,080 g/t Ag and 6.84 g/t Au, at West Francine are 0.43m of 295 g/t Ag and 0.62 g/t Au, and at El Toro vein are 3.6m of 305 g/t Ag and 4.04 g/t Au, and 3.05m of 127 g/t Ag and 4.04 g/t Au.

ON DEALS AND CORPORATE ISSUES

  • Sonoro Metals Corp., announced the appointment of its Executive Director and Corporate Secretary (Cerro Caliche, Sonora).
  • Prospero Silver Corp., announced that TSX approved its option agreement with Fortuna Silver Mines Inc., in which Fortuna can earn up to 70% interest in the Pachuca SE property in Hidalgo.
  • Great Panther Silver Limited, announced the approval from their shareholders to acquire Beadell Resources Limited and to change its name to Great Panther Mining Limited.
  • Evrim Resources Corp., granted 200K options to their employees. The stock options are exercisable at a price of $0.32 per share for a period of five years.
  • Magna Gold Corp., provided an update of its option agreement on the Mercedes property in Sonora, to acquire 100% interest in two mining concessions for a four year period. These mining concessions cover approximately 345 hectares and Magna is entitled to acquire 100% interest by paying to the seller an aggregate of US$1.34M plus VAT of 16% in installments commencing on the 6th month from the effective date, and ending  on the 48th from the effective date; issue to the seller 3% NSR capped at US$3.5M and subject to the right of Magna to acquire all the NSR at a price of US$0.5M  per percentage point within the first three years of commercial production of the Mercedes property, and conditional on the completion of a going public transaction within six months of the effective date, issue 2,442, 105 common shares.
  • Telson Mining Corp., announced that the company has identified a sophisticated criminal operation to intercept concentrate trucks, remove some part of the Campo Morado concentrates and replace the same with lower quality concentrates. Now the company has taken measures to eliminate this issue with increased security including performing monitored and guarded concentrate transport from the mine to point of sale.    

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

 

On the picture above, “quartz blade” texture in a low sulphidation epithermal vein system in a prospect in Jalisco, Mexico.  Photo by Miguel A Heredia.

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European Space Agency Funding Mining Services

Hi everyone, 

I wanted to share an opportunity with the European Space Agency: https://business.esa.int/funding/invitation-to-tender/mining-kick-start  

The European Space Agency is providing funding for the development of mining services that use satellite data e.g. satellite imagery to monitor mining sites, GPS to help machine guidance 

Hope it looks interesting.  

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OHS. Dust safety.

Dear Mining Industry Professionals,

I am working in Occupational Health and Safety field, specifically in mining and quarrying.

I'm happy to share the news about occupational dust-related diseases like silicosis, "black lung" etc. along with regulations and recommendations to protect workers from dust exposure.

 

Here is the first article about respirable crystalline silica regulations update.

OSHA developed the guidance to employers and employees regarding final rule regulating occupational exposure to respirable crystalline silica in general industry. 81 Fed. Reg. 16286. "OSHA noted that the use of clothes-cleaning booths would be permitted because although such booths use compressed air to clean clothes, the dust is “blown out of the employee’s breathing zone and is captured by a filter.” 81 Fed. Reg. at 16797."

https://www.osha.gov/dsg/topics/silicacrystalline/SilicaGeneralIndustryFAQs.pdf

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By Miguel A Heredia

During the fifth week of the year (January 28th to February 04th, 2019), at least 13 press releases were announced by companies working in Mexico, with four disclosing deals and corporate issues, three informing on exploration results, three announcing financing rounds, two reporting on resources and development of their properties, and one communicating production results. ON MEXICO ISSUES, no relevant news.  ON EXPLORATION, In Sonora, Millrock reported drilling results from its La Navidad project, and Silver One announced a drilling program to be conducted on its Peñasco Quemado project. In Chihuahua, VVC provided a summary of the 2017-2018 drilling program carried out at its Samalayuca project.  ON MINING, Consolidated Zinc reported Q4 2018 results from its Plomosas mine in Chihuahua.  ON FINANCING, Palamina announced a private placement for gross proceeds of up to $2M (Santuario project, Hidalgo). Premier Gold closed a previously announced US$50M secured revolving term credit facility and a previously announced financing arrangement for aggregate gross proceeds of US$18.3M (Mercedes mine, Sonora). Silver Spruce extended until February 22, 2019 its current non-brokered private placement for up to $1.5M (Pino de Plata project, Chihuahua). ON RESOURCES AND DEVELOPMENT, Consolidated Zinc made a new discovery above the Level 5 of its Plomosas mine in Chihuahua. Great Panther increased mineral resource at its Topia mine in Durango. Endeavour announced its 2019 Mexico exploration plans. ON DEALS AND CORPORATE ISSUES, Alien Metals announced an update regarding the status of its Nominated Adviser (San Celso, Zacatecas). Aura Resources entered into a definitive option agreement with Minaurum on its East Taviche project in Oaxaca. Candente Gold ratified an agreement with the El Oro Municipality for a re-processing of the historical tailings from the El Oro mine in the State of Mexico. Consolidated Zinc announced that it now owns 90% of the Plomosas mine in Chihuahua. Great Panther reported that Glass Lewis & CO., LLC recommended the acquisition of Beadell Resources (Topia mine, Durango).  

 

ON MEXICO ISSUES

  • No relevant news.

ON EXPLORATION

  • Millrock Resources Inc., and its JV partner Centerra Gold Inc., reported drilling results from its La Navidad project in Sonora. The drilling program funded by Centerra consisted of 1,844m in eight holes and was focused on the northwestern portion of the project. Four holes were collared at El Tigre prospect where Au had been detected by soil sampling near of some historic mine workings. These holes tested IP anomalies and NW trending high-angle structures that appear to control mineralization at surface. Four other holes were collared at El Chupadero to test decalcification and jasperoid alteration pointed to the possibility of an intrusion-related gold deposit. Drilling results were generally disappointing just returning weakly anomalous Au values. Millrock has received notification from Centerra that it is terminating the option to JV agreements on La Navidad and El Picacho projects in Sonora.
  • Silver One Resources Inc., announced that a 1,000m drilling program will initiate by mid-February 2019 on its Peñasco Quemado project in Sonora. The goal of the drilling program will be “to test selected targets within strong Zn-Pb and other metal geochemical and coincidental geophysical anomalies previously identified”.
  • VVC Exploration Corporation, provided a summary of the 2017-2018 drilling program conducted at its Samalayuca project in Chihuahua. 6,700m were drilled in 62 holes and tested 5km long mineralized zone covering approximately two thirds of the length of the property. A total of 2,990 core samples were taken during the drilling campaigns, and 57 out of 62 holes returned intervals with Cu values > 1% with some sections as high as 0.95% Cu and estimated true mineralization widths up to 36m.

ON MINING

  • Consolidated Zinc Limited, reported Q4 2018 results from its Plomosas mine in Chihuahua. The company mined 5,291 tonnes of 10% Zn and 2.1% Pb to produce 1.18M Lb Zn and 253K Lb Pb, with metallurgical recoveries of 89% and 86% respectively.

ON FINANCING

  • Palamina Corp., announced plans to conduct a non- brokered private placement for aggregate gross proceeds of up to $2M (Santuario project, Hidalgo).
  • Premier Gold Mines Limited, closed a previously announced US$50M secured revolving credit facility with Invested Bank plc, and a previously announced financing arrangement with OMF Fund II SO Ltd and Orion Mine Finance Fund II LP for aggregate gross proceeds of US$18.3M.
  • Silver Spruce Resources Inc., extended until February 22, 2019 its current non-brokered private placement for up to $1.5M. Net proceeds will be used to pay a drilling program at its Pino de Plata project in Chihuahua and general working capital.

 

ON RESOURCES AND DEVELOPMENT

  • Consolidated Zinc Limited, encountered economic mineralization above the level 5 initial access point to the Tres Amigos area in its Plomosas mine in Chihuahua. This new discovery was made while the company was progressing on the underground development to increase access to high grade stops and mining high grade ore from existing stopes.
  • Great Panther Silver Limited, announced a 28% increase in the mineral resources at its Topia mine in Durango. A summary of the updated 2018 mineral resource estimate is as follow:

  • Endeavour Silver Corp., announced its 2019 exploration plans to be conducted on its mines and advanced projects in Mexico. For its Guanacevi mine in Durango, Endeavour has an exploration budget of $1.2M for 6,000 m of underground crosscuts and core drilling to extend the El Porvenir Norte and Santa Cruz orebodies and infill and extend the Milache orebody. For its Bolañitos mine in Guanajuato, the company has an exploration budget of $0.8M for 5,000m of surface core drilling to extend the Plateros orebody and outline new resources in the San Miguel vein. For its El Cubo Mine in Guanajuato, Endeavour has an exploration budget of $0.3M for 2,000m of underground core drilling to extend the Villalpando-Asuncion vein. For its El Compas project in Zacatecas, the company has an exploration project of $0.8M for 5,500m of surface core drilling to extend the El Compas, Calicanto, and Santa Fe veins and infill drill the El Orito orebody. For its Terronera project in Jalisco, Endeavour has an exploration budget of $0.8M for conducting prospecting, mapping and sampling at La Unica area where multiple new veins have been identified and expects to delineate new targets for future drilling. Endeavour pegged five new claims covering 2,200 hectares along the southern property boundary to cover possible extensions of the Real Alto vein system. For its  Parral project in Chihuahua, the company has an exploration budget of $2.3M for 6,000m of surface core drilling and an underground crosscut to confirm old resources and outline new resources in the Veta Colorada vein, as well as a PEA and initial mine permitting.

ON DEALS AND CORPORATE ISSUES

  • Allien Metals Ltd, announced that Northland Capital Partners Limited, its current Nominated Adviser, has voluntary agreed to relinquish and will be removed from the register of Nominated Adviser with effect from 7 AM on 1 February, 2019, as a results of Northland´s proposed merger with SP Angel Corporate Finance LLP. If a replacement of its Nominated Adviser has not been appointed by 4 March 2019 the admission of its AIM Securities will be cancelled.
  • Aura Resources Inc., entered into a definitive option agreement with Minaurum Gold Inc, on its East Taviche project in Oaxaca. Minaurum can acquires an initial 80% interest in East Taviche by the issuance of 100K common shares in the capital of Minaurum, the re-imbursement of all Taviche concessions fees paid by Aura in 2018, and payment of the remaining concession fees to bring the property into good standing until January 31, 2019, to a maximum of US$80K, and the issuance of 100K common shares in the capital of Minaurum upon receiving all relevant approvals and consents required to be obtained for the commencement of exploration and drilling activities at the East Taviche  In addition, Aura will grant to Minaurum an exclusive option to acquire the remaining 20% of the project for a total purchase price of CDN$1M.  Upon acquiring the initial 80% interest, Minaurum will act as operator of the project.
  • Candente Gold Corp., ratified an agreement with the El Oro Municipality for the re-processing of the historical tailing from the El Oro mine in the State of Mexico. This ratified agreement provides Candente with the right to recover all available Au and Ag from the tailings deposit and pay an 8% net profits interest (NPI) to El Oro Municipality. The company also retains the first US$1.5M from the 8% NPI payable to the Municipality. Candente will allows the Municipality to conduct tourism activities in part of the San Juan tunnel and Providencia shaft which are historical workings controlled by Candente. The historical tailings are located far away from the old workings so the tourism activities would not impact the development of the tailings.
  • Consolidated Zinc Limited, announced that it now owns 90% of the Plomosas mine in Chihuahua though an increased shareholding in Minera Latin American Zinc SAPI CV by making a cash payment of A$75K and issuance of shares in Consolidated Zinc to the value of A$1.7M at a share price of 2.34 cents per share.
  • Great Panther Silver Limited, reported that Glass Lewis & CO, LLC recommended that shareholders vote in favour of the Great Panther scheme resolution to acquire Beadell Resources Limited and change its name to Great Panther Mining Limited (Topia mine, Durango).

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

 

On the picture above, a mesothermal quartz structure in an orogenic gold prospect in Sonora, Mexico.  Photo by Miguel A Heredia.

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Dear Mining Industry Professional,

 I would like to share an update with you since the start of our independent (spam & off-topic posting free) Mining topic related discussion forum some 4 months ago.  Our mission is to amplify the collective knowledge base of the Mining Industry Professionals network by offering a space for sharing resources, ideas and knowledge on Mining related matters.

A milestone has reached.  We have passed the 1000 members!

Thank you for becoming a member of the MIP Network Discussion Forum. I am looking forward to your posts and engagement.

Note that you can post and comment in forum discussions, blogs, groups and add videos, events and pictures. You can even create your own group and connect with your colleagues, friends and business partners.

Any suggestions for improvement or other things you would like to point out, please feel free to send me a direct message to info@miningindustryprofessionals.net

 

With kind regards,

Harald Bornebroek

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During the 4th week of the year (January 21st to January 27th, 2019), at least 20 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, CAMIMEX expressed it is in contact with diverse actors of the public administration to consolidate the international competitivity of the mining industry. ON EXPLORATION, In Chihuahua, Radius Gold staked the 9,600 ha. Rambler project, covering a 9 km trend of epithermal mineralization. In Sinaloa, Kootenay Silver released interesting surface sample results from its Copalito project. In Durango, Orex is to perform a VTEM airborne survey on the San Luis Del Cordero property. In Hidalgo, Prospero Silver initiated drilling at the Pachuca SE project, with funding by Fortuna Silver. ON MINING, Pan American, Argonaut, Gold Resource, Fresnillo, Sierra Metals and Americas Silver presented Q4 and full year 2018 production results (by the way, anyone has heard from Frisco on this regard?). Endeavour presented its 2019 production guidance. ON FINANCING, Premier Gold signed a credit agreement with Investec Bank as administrative agent for the lenders for a US$50 M credit facility. ON RESOURCES AND DEVELOPMENT, Endeavour updated its reserve and resource base, for a consolidated grand total of 132 M Oz Ag, 1.042 M Oz Au. Premier Gold presented high-grade intercepts from drilling at Mercedes, Sonora, where over 40,000 m of drilling were completed in 2018. Leagold is to produce 200-220 K Oz Au in 2019 at Los Filos, Guerrero. Azure Minerals presented a favorable scoping study for its Oposura project in Sonora. Impact Silver is defining extensions on veins at its Zacualpan property in Estado de Mexico. Excellon released high-grade results from surface exploration at its Platosa mine in Durango. Capstone filed on Sedar a technical report for Cozamin, Zacatecas. ON DEALS AND CORPORATE ISSUES, Prospero Silver announced the signature of the option agreement with Fortuna Silver on the Pachuca SE project.

ON MEXICO ISSUES

  • CAMIMEX (Cámara Minera de México), in a response to El Financiero, expressed that any modification to the mining regulations has to take into account the wellbeing of the communities and its environment. The organization, of which leading companies like Peñoles, Grupo México and Minera Frisco are members, considers mining is one of the most supervised sectors in the country, with a modern and robust regulatory frame, following international standards, although areas of opportunity can always be identified. “We have approached diverse authorities on the public administration and found openness to solve any pending issues and consolidate the international competitivity that benefits the country development”.

ON EXPLORATION

  • Orex Minerals Inc. contracted Geotech Ltd. To perform a VTEM (Versatile Time Domain Electromagnetic) airborne survey over its San Luis del Cordero project in Durango. Old mine workings and mineralized showings wrap around a Tertiary quartz-feldspar-porphyry intrusive. The helicopter-borne survey, with accompanying horizontal gradiometer and radiometric surveys, is to identify discrete conductive anomalies, as well as mapping lateral and vertical variations in resistivity. The airborne survey will be conducted over a grid at 100 m line-spacing for approximately 275 line-km, with measurements every 2-3 m along survey lines.
  • Prospero Silver Corp. has started phase 2 drilling at its Pachuca Se project in Hidalgo. Fortuna Silver Mines Inc. has an option to acquire up to a 70% interest in the 6,699 hectares project (24 km SE from Pachuca) by spending a total of US$8 M and completing a preliminary economic assessment (PEA), spending more than US$1 M in the first year. A six-hole, 4,200 m program started to test a number of potential drill targets. In a Fortuna funded program in early 2018, 1,800 m of drilling tested three distinct targets, intercepting what is interpreted to be the upper parts of a mineralized epithermal system.
  • Radius Gold Inc. staked a 9,600 ha property called the Rambler project, in Chihuahua, some 20 km NW from Radius’s Amalia project. Regional prospecting discovered epithermal mineralization in veins, vein breccias and disseminated zones over a 9 km trend, where samples with up to 16.5 gpt Au, 2,030 gpt Ag, 3.8% Cu, 13.9% Zn, 3.4% Pb were collected. Saucito is the main target area, where a 500 x 70 m stockwork returned an average of 177 gpt Ag on 31 samples. Other target areas with interesting rock chip sample results include La Machomera (up to 7.3 gpt Au, 469 gpt Ag), La India (up to 10.3 gpt Au, 16 gpt Ag), El Gringo (4.8 gpt Au, 3.8% Cu).
  • Kootenay Silver Inc. released results from surface sampling and mapping at the Copalito Ag-Au project in Sinaloa, same that covers an epithermal system with numerous veins 0.5-15 m in width and up to 2 km in strike length. Sampling Highlights include 7.2 Gpt Au, 3,770 gpt Ag at the 5 Señores and Agua veins respectively; 8.2 gpt Au, 583 gpt Ag across 1.1 m on the 5 Señores vein; 401 gpt Ag across 5.3 m on 5 Señores vein; 532 gpt Ag over 3.0 m and 306 gpt Ag over 4.9 m across the Agua vein; 17.4% Zn, 9.9% Pb, 0.52 gpt Au, 76 gpt Ag on a grab sample at Pillar vein and 5.1%, 1.6% and 1.5 Cu along the Cobriza vein. Of 117 rock samples collected, 29 returned silver grades over 90 gpt, including 11 over 300 gpt and 6 over 500 gpt.

ON MINING

  • Pan American Silver Corp. announced preliminary operating results for the fourth quarter and full year 2018, including information from its operations in Mexico. At La Colorada in Zacatecas, 7.6 M Oz Ag, 4,400 Oz Au were produced during the year, at cash cost $2.02 per Ag Oz, whereas at Dolores in Chihuahua, 4.1 M Oz Ag and 136,600 Oz Au were produced at cash cost ($1.87) per Ag Oz. Pan American is planning to sustain 2,000 tonnes per day (tpd) throughput at La Colorada during 2019, and continue to explore and define the potential of the “significant skarn deposit discovered in 2018”.  At Dolores the company plans to ramp-up underground production rates to 1,500 tpd and sustain the 20 K tpd throughput rate to the heap leach from the pit.
  • Argonaut Gold Inc. informed on Q4 production and yearly results for 2018, including numbers from its Mexican operations. At El Castillo Complex, in Durango, 37,977 GEOs (Gold equivalent ounces) were produced during the quarter, 18,984 from El Castillo mine and 18,993 from the San Agustin mine. At La Colorada, in Sonora, 13,681 Oz Au were produced during the same period. For the year, El Castillo Complex produced 117,126 GEOs and La Colorada 47,991 GEOs. Argonaut plans to invest $50-$60 M in capital expenditures during 2019, with $15 M allocated to the expansion of crushing and leaching facilities at San Agustin to increase the rate of production from 20K tpd to 30 K tpd.
  • Gold Resource Corp. reported 2018 year-end and fourth quarter production results from their El Aguila mining operations in Oaxaca. During the year Gold Resource produced 26,838 Oz Au, 1.67 M Oz Ag, 1,652 tonnes Cu, 7,280 tonnes Pb and 19,808 tonnes Zn. During the fourth quarter 7,974 Oz Au and 330.6 K Oz Ag were produced.
  • Fresnillo PLC. released 4Q and full year 2018 results, with a consolidated production of 61.8 M Oz Ag and 923 K Oz Au for the year and 15.5 M Oz Ag, 232 K Oz Au for the quarter. Lead (53,181 tonnes) and Zinc (88,520 tonnes) production amounted to 19.9 M Oz AgEq. “The cumulative drilling for the year at our operating mines and exploration projects was 579,000 and 346,000 metres respectively. Resources and reserves (in the case of the operating mines) are presently in audit by SRK and the results of which will be disclosed in the first quarter of 2019 with our Preliminary results. Resources were increased at the Guanajuato and San Juan projects, while mapping identified new targets at the Fresnillo and Herradura districts, and a geophysical survey detected areas for follow up in the San Julián district. Further to this, and for the first time in the Company's history, drilling began in Chile. Exploration teams are working out of the Hermosillo, Chihuahua, Zacatecas, Toluca, Lima-Peru and Santiago de Chile offices in selected areas of favorable silver-gold belts in Mexico, Peru, Chile and Argentina”. (Note from editor: the mining community is waiting for Frisco to produce reports like this one).
  • Endeavour Silver Corp. announced its consolidated silver and gold production guidance for 2019, to be 4.4-5.2 M Oz Ag, 46.2-52.2 K Oz Au, or 8.1-9.4 M Oz AgEq. “Cash costs, net of gold by-product credits, are expected to be $8.50-$9.50 per oz of silver produced in 2019. Consolidated cash costs on a co-product basis are anticipated to be $11.50-$12.50 per oz silver and $900-$1,000 per oz gold”. The final dumps and tailings permit at Terronera is needed to make a development decision. The company plans to drill 24,500 m during 2019 in Guanaceví, Bolañitos, El Cubo, El Compas, Terronera, Parral and Guadalupe y Calvo.
  • Sierra Metals Inc. Disclosed Q4 and full year 2018 results, including figures from its Mexican operations. The Bolivar mine in Chihuahua processed (at 2,948 tonnes per day, or tpd) in the year 1 M tonnes of ore @ 0.95% Cu, 18 gpt Ag, 0.17 gpt Au, with recoveries of 79.9% Cu, 77.1% Ag, 68.5% Au, to produce 17.23 M Lb Cu, 452 K Oz Ag, 3,968 Oz Au. For the quarter, 272.6 K tonnes were processed (3,116 tpd) @ 0.94% Cu, 15 gpt Ag, 0.15 gpt Au, to produce 4.23 M Lb Cu, 128 K Oz Ag, 1,163 Oz Au. At Cusi, also in Chihuahua, 186.9 K tonnes were processed (534 tpd) during the year at a grade of 140 gpt Ag, 0.16 gpt Au, 0.36% Pb, 0.40% Zn, recovering 83.1% Ag, 39.1% Au, 79.9% Pb, 4.3% Zn, to produce 700 K Oz Ag, 372 Oz Au, 1.19 M Lb Pb, 937 K Lb Zn. During the last quarter Cusi processed 58.3 K tonnes (666 tpd) @ 111 gpt Ag, 0.16 gpt Au, 0.41% Pb, 0.49% Zn, to produce 171 K Oz Ag, 124 Oz Au, 421 K Lb Pb, no Zn.
  • Americas Silver Corp. announced production and operating results for 2018, including figures from its Mexican operations. At Cosalá, in Sinaloa, 544.5 K tonnes were milled @ 47 gpt Ag, to produce 448.1 K Oz Ag, 34.22 M Lb Pb, 12.86 M Lb Zn, or 4.16 M Oz AgEq at cash cost ($37.95) and AISC ($19.69).

ON FINANCING

  • Premier Gold Mines Ltd. Announced the signing of a definitive credit agreement with Investec Bank PLC, as administrative agent for the lenders of a US$50 M secured term credit facility. Premier also announced financing arrangements with OMF Fund II SO Ltd. and Orion Mine Finance Fund II LP for aggregate gross proceeds of US$18.2 M. (Mercedes, Sonora).

ON RESOURCES AND DEVELOPMENT

  • Endeavour Silver Corp. updated its reserve and resource base for its mines and projects for 2018. Consolidated reserves and resources, including inferred resources for its seven units comprise 132 M Oz Ag and 1.042 M Oz Au, as displayed on the following table:
  • Premier Gold Mines Ltd. provided an update on its exploration programs, including information from its Mexican operations. At Mercedes in Sonora, positive exploration results include 18.3 m @ 38.3 gpt Au, 26 gpt Ag on the Aida vein, and 22.0 m @ 36.6 gpt Au, 171 gpt Ag at Rey de Oro. During the past year 280 brownfield and greenfield holes were completed representing 40,720 m of drilling.
  • Leagold Mining Corp. announced its intention to produce 200 K to 220 K Oz Au during 2019, at an AISC of $925 to $925-975 at Los Filos, in Guerrero. The proven and probable reserves at the property stand at 111.33 M tonnes @ 1.22 gpt Au, containing 4.363 M Oz Au, and 114 K Oz Au on the leach pad inventory.
  • Azure Minerals Ltd. Presented its quarterly report for the period ended on December 2018. The company highlighted the Scoping Study for the Oposura project in Sonora, with an EBITDA of A$237 M, pre-tax NPV of A$112 M, pre-tax IRR of 76%, average life of mine cash cost US$0.42 per Zn Lb and a pre-production CAPEX of A$69.9 M. At the Alacrán project in Sonora, Teck completed its Phase 2 drilling program comprising 10.537 m in 21 holes, with focus on testing porphyry copper potential at Cerro Alacrán, with assays pending. At Oso Negro, also in Sonora, sampling returned more high-grade mineralization, with the best sample returning 15.5 gpt Au, 1,935 gpt Ag, 5.9% Zn, 4.6% Pb. At Sara Alicia, also in Sonora, the company has been showing the property to potential partners or buyers.
  • Impact Silver Corp. hired a consultant to define extensions to the vein systems on its Zacaualpan property in Estado de Mexico. Work to date has defined on strike extensions to the San Ramon silver vein system through geological work and soil sampling, and better characterizing the potential for bulk mineable ore in the Santa Teresa area.
  • Excellon Resources Inc. released high-grade results from ongoing surface exploration at its Platosa mine in Durango. Highlighted intervals comprise 0.9 m @ 283 gpt Ag, 9.8% Pb, 0.3% Zn; 5.6 m @ 383 gpt Ag, 8.0% Pb, 0.2% Zn; 2.5 m @ 406 gpt Ag, 3.7% Pb, 0.2% Zn; 0.6 m @ 2,060 gpt Ag, 7.8% Pb, 9.1% Zn; 0 m @ 0.28 gpt Au, 968 gpt Ag, 9.4% Pb, 20.2% Zn; 4.8 m @ 1,127 gpt Ag, 8.4% Pb, 10.5% Zn.
  • Capstone Mining Corp. filed on SEDAR a NI-43-101 compliant report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico”.

ON DEALS AND CORPORATE ISSUES

  • Prospero Silver Corp. announced the signature of the previously disclosed option agreement with Fortuna Silver Mines Inc. on the Pachuca SE project. “On December 10, 2018 Prospero announced that Fortuna Silver Mines Inc. ("Fortuna") exercised its right to be granted an option to acquire up to a 70-per-cent interest in the Pachuca Southeast project located close to the historic mining city of Pachuca in Hidalgo state, Mexico, by spending a total of $8-million (U.S.) in qualifying expenditures and completing a preliminary economic assessment, with a minimum spend of $1-million in the first year” (Pachuca SE, Hidalgo).

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

Read more…

 

By Miguel A Heredia

During the third week of the year (January 14th to January 20th, 2019), at least 31 press releases were announced by companies working in Mexico, with thirteen communicating production results, eight informing on exploration results, seven disclosing deals and corporate issues, one announcing financing rounds, one discussing Mexican issues, and one reporting a feasibility study for mine expansion on its property. ON MEXICO ISSUES, Napoleon Gomez Urrutia, mining leader and senator of the MORENA party, declared that is ready to go over the mining companies that do not pay enough taxes, pollute the environment and have too ground in mining concessions.  ON EXPLORATION, In Sonora, San Marco, Silver Viper, Mexus, Sonoro, and Ridgestone announced drilling results from their Chunibas, La Virginia, Santa Elena, Cerro Caliche, and Rebeico properties respectively. In Chihuahua, Mammoth posted a technical report on its 2017-2018 drilling program at its Tenoriba project, and VVC released drilling results from its Samalayuca project.  In Sinaloa, Goldplay outlined 5 new exploration targets at its San Marcial project.  ON MINING, Alamos Gold, Alio, Premier, Coeur, GoGold, McEwen, Excellon, Avino, Hecla, Goldcorp, Fortuna and First Majestic reported Q4 and full year 2018 production results from their Mexican operations. Mako Mining reported that are pumping water from its Taunus pit at La Trinidad mine in Sinaloa and expect to commence mining by month end.  Great Panther provided 2019 production and cost guidance for their Mexican operations. ON FINANCING, Impact closed the second and final tranche of a non-brokered private placement for $1.19M for a total raise of $1.7M.  ON RESOURCES AND DEVELOPMENT, Leagold announced a feasibility study for the expansion of its Los Filos mine in Guerrero. ON DEALS AND CORPORATE ISSUES, Goldplay announced the listing of its shares on the Frankfurt Stock Exchange (San Marcial, Sinaloa). Mako reported that now holds a 100% interest in the La Trinidad mine in Sinaloa. SilverCrest announced executive appointments (Las Chispas project, Sonora). Oroco provided an update on its option to acquire an additional interest in its Santo Tomas project in Sinaloa. Prize provided an update about an order on regulatory matters issued by the Alberta Securities Commission (Manto Negro project, Coahuila). Newmont and Goldcorp entered into a definitive agreement to create the world´s leading gold company.  Minera Alamos launched new website (Santana project, Sonora).

 

ON MEXICO ISSUES

  • Napoleon Gomez Urrutia, mining leader and senator of the MORENA party, declared that is ready to go over the mining companies that do not pay enough taxes, pollute the environment and have too ground in mineral concessions. The mining leader is reviewing mineral concessions and said that mining companies should contribute to the government with more revenues. He also said that the Mining Law of Mexico has to be regulated in accordance with the interests of the country. "We are looking at the cancellation terms for a concession and its extension, because 50, 100 years is too long," he explained. The senator also mentioned not to have in mind any particular tax for companies.  

ON EXPLORATION

  • San Marco Resources Inc., released phase 1 drilling results from its Chunibas project in Sonora, where, under a JV option agreement with a subsidiary of Antofagasta plc., the company is exploring several Cu-Ag rich mineralized targets mapped on surface. Drilling carried out at Chunibas project consisted of 1,640m in 7 shallow drill holes and tested 2km of the NW-SE striking mineralized corridor with 5 drill holes, and 400m of a NE-SW section perpendicular to the  corridor with 2 drill holes. The drilling program has confirmed the existence of a typical Cu-Ag manto-type system. Highlights include hole CHD18-05 with 7.5m of 0.1% Cu and 2 g/t Ag and 22m of 0.05% Cu and 0.7 g/t Ag; hole CHD18-06 with 3m of 0.08% Cu and 0.6 g/t Ag; and hole CHD18-07 with 6m of 0.06% Cu and 0.3 g/t Ag.
  • Silver Viper Minerals Corp., reported second batch drilling results from its la Virginia project in Sonora. Significant results are at El Rubi Zone in hole LV18-201 with 13.3m (6m TW) with 3.16 g/t Au and 228 g/t Ag (6.42 g/t AuEq), including 4m (1.8m TW) of 3.75 g/t Au and 258 g/t Ag (7.43 g/t AuEq), and including 1m (0.45m TW) of 8.30 g/t Au and 782 g/t Ag (19.47 g/t AuEq); hole LV18-200 with 12m (9m TW) of 1.52 g/t Au and 133 g/t Ag (3.42 g/t AuEq), including 2m (1.5m TW) of 5.51 g/t Au and 537 g/t Ag (13.18 g/t AuEq); and hole LV18-203 with 10m (5m TW) of 1.1 g/t Au and 97 g/t Ag (2.48 g/t AuEq), and 12m (6m TW) of 1.37 g/t Au and 81 g/t Ag (2.53 g/t AuEq), including 1m (0. 5m TW) of 13.20 g/t Au and 780 g/t Ag (24.34 g/t AuEq). A third and final batch of results are pending and will be released once the assays are received.
  • Mexus Gold US, announced that the 1st phase of drilling at its Santa Elena project in Sonora has been completed. Final results are expected to arrive in February 2019. Until now, “Hole 7 is the best evidence of high-grade gold at 9.89 g/t Au with an attractive width of 5.3 meters and an overall average of 3.12 g/t Au”.
  • Sonoro Metals Corp., completed 45 RC holes totaling 4,604m at its Cerro Caliche project in Sonora, confirming a luster of eight northwest trending gold-dominant structures surrounded by parallel sheeted veinlets and stockwork veinlets. Significant drill intersections are Highlights from the final 14 holes include 12.19m of 11.2 g/t Au and 5.9 g/t Ag (11.3 g/t AuEq); 4.57m of 4.67 g/t Au and 2 g/t Ag (4.69 g/t AuEq); and 12.19m of 0.82 g/t Au and 8.5 g/t Ag (0.95 g/t AuEq).
  • Ridgestone Mining Inc., released final assay results from an initial drill program conducted at its Rebeico project in Sonora. Significant intersections are in hole 18REB6 with 3.25m of 8.31 g/t Au and 2.41% Cu, including 0.5m of 6.95 g/t Au and 1.31% Cu, and 1m of 17.7 g/t Au and 5.95% Cu, and 1m of 5.59 g/t Au and 0.83% Cu; and hole 18REB10 with 1.5m of 36.1 g/t Au and 1.22 g/t Ag, and 1.46 g/t Au and 0.07% Cu.
  • Mammoth Resources Corp., posted an internal technical report based on 13 holes totaling 2,700m drilled during its 2017-2018 drilling program conducted on its Tenoriba project in Chihuahua. Some of the conclusions are: At El Moreno area, feldspar porphyry intrusive rocks were intersected displaying porphyry –style mineralization including disseminated sulphides and complex stockworks-sulphide rich veinlets. Hole TEN 17-02 intersected 80m of 0.17 g/t AuEq: Phyllic-pyrite alteration was also identified in drill core and consists of illite-tourmaline and dickite; K-feldspar flooding was observed at deeper intervals and the presence of 7.2m of 3.59% Cu in hole TEN 17-03. At the Carneritos area, mineralization identified is more typical of high sulphidation and consists of narrow pyrite rich veinlets in a stockwork texture associated with silica, dickite and local patchy vuggy silica alteration. Hole TEN 17-06 intersected 126.08m of 0.52 g/t AuEq, including 25m of 1.21 g/t AuEq.
  • VVC Exploration Corporation, announced the results for the last 11 drill holes from its Samalayuca project in Chihuahua. The most significant intersections are in hole SC18-056 with 19.65m of 0.32% Cu; hole SC18-057 with 28m of 0.79% Cu; and hole SC18-058 with 5m of 0.55% Cu. “The 2017/18 drilling program confirmed significant, near surface, copper mineralization over an approximate 5km strike length.”
  • Goldplay Exploration Ltd., outlined with soil and rock sampling five new exploration targets at its San Marcial project in Sinaloa. Faisanes, Cabañas, Nava, Pedregal, and Chachalaca targets have been prioritized for follow up exploration and detailed geological mapping in H1, 2019. “The Cabañas and Faisanes targets demonstrate very similar geology to the historic resource, while the Nava and Pedregal targets indicate a NE-SW trending structural setting, superimposed on a volcanic package of rhyolites and andesites cut by dioritic dykes. The Chachalaca trend is interpreted as a NW-SE trending structural setting, with geology dominated by rhyolites and andesites”.

ON MINING

  • Alamos Gold Inc., reported its Q4 and annual 2018 production results from their Mulatos and El Chanate mines in Sonora. Production from Mulatos in Q4 was 35.6K Oz Au for a full year 2018 of 175.5K Oz Au. At El Chanate mine, Alamos produced 35.6K Oz Au in Q4 2018 for an annual 2018 production of 43.7K Oz Au. Alamos Gold expects to produce between 150K-160K Oz Au in 2019. Mining activities ceased at El Chanate mine in Q4 2018 and has transitioned to residual leaching which will result in a declining rate of production through 2019.
  • Alio Gold Inc., announced its Q4 and full year 2018 production results from its San Francisco Mine in Sonora. At its San Francisco mine the company achieved a Q4 production of 10.3K Oz Au for a full year 2018 production of 54K Oz Au. The company reported that “there are sufficient stockpiles to operate at full capacity throughout 2019 (as at July 1, 2018, the low-grade stockpile consisted of approximately 7.2 M tonnes of 0.26 g/t gold material (60.2K contained Oz Au). Gold production at San Francisco mine is expected to remain consistent with current production levels for at least the first half of 2019”.
  • Premier Gold Mines Limited, reported its Q4 and full year 2018 production results from its Mercedes mine in Sonora. In Q4, the company produced 22.5K Oz Au and 119K Oz Ag for an annual 2018 production of 68.7K Oz Au and 309.2K Oz Ag.
  • Coeur Mining Inc., released its Q4 and full 2018 production results from its Palmarejo mine in Chihuahua. In Q4, Coeur milled 378,389 tonnes of 2.49 g/t Au and 185 g/t Ag to produce 31.2K Oz Au and 1.9M Oz Ag with metallurgical recoveries of 97.6% and 84% respectively. For the full year 2018, the company milled 1,382,471 tonnes of 3.1 g/t Au and 202 g/t Ag to produce 122.7K Oz Au and 7.5M Oz Ag with metallurgical recoveries of 88.9% and 83.8% respectively.
  • GoGold Resources Inc, announced its Q4 2018 production results from its Parral operation in Chihuahua. In Q4, GoGold produced 1,828 Oz Au and 168K Oz Ag for a total of 325K Oz AgEq.
  • Mc Ewen Mining Inc., presented its Q4 and annual 2018 production results from its El Gallo mine in Sinaloa. The company produced 5.6K Oz AuEq in Q4 for a total full 2018 production of 39.1K Oz AuEq. By the end of Q2 2018, mining and crushing activities ceased at El Gallo mine and were followed by residual heap leaching. Closure, reclamation, and residual heap leaching activities are ongoing and will continue for several years.
  • Excellon Resources Inc., announced its Q4 and annual 2018 production results from its Platosa mine in Durango. Excellon milled 16,570 tonnes of 556 g/t Ag, 4.9% Pb and 6% Zn in Q4 to produce 274.3M Oz Ag, 1.5M Lb Pb, and 1.8M Lb Zn. In the full 2018 year, Excellon milled 57,475 tonnes of 488 g/t Ag, 4.8% Pb, and 6.9% Zn to produce 917.7M Oz Ag, 5.4M Lb Pb, and 7.9M Lb Zn.
  • Avino Silver & Gold Mines Ltd., presented its Q4 and full year 2018 production results from their Avino, San Gonzalo and Above Ground Stockpiles in Durango. In Q4, the company milled 189,574 consolidated tonnes of 64 g/t Ag, 0.5 g/t Au, 0.44% Cu to produce 288.6K Oz Ag, 1,973 Oz Au, and 1.4M Lb Cu with metallurgical recoveries of 75%, 64% and 72% respectively. For the full 2018 year, Avino milled 708.7K tonnes of 73 g/t Ag, 0.53 g/t Au, and 0.43% Cu to produce 1.3M Oz Ag, 8K Oz Au, and 4.8M Lb Cu with metallurgical recoveries of 76%, 65%, and 72% respectively.
  • Hecla Mining Company, announced its Q4 and annual 2018 production results from its San Sebastian mine in Durango. Hecla produced 443.3K Oz Ag and 2,928 Oz Au in Q4 and 2M Oz Ag and 15K Oz Au in the full 2018 year. The mill operated at an average of 429tpd in 2018.
  • Goldcorp Inc., released its Q4 and annual 2018 production results from their operations. Goldcorp did not report results by mine but produced 630K Oz Au in Q4 and 2.3M Oz Au in the full 2018 year.
  • Fortuna Silver Mines Inc., reported its Q4 and annual 2018 production results from its San Jose mine in Oaxaca. Fortuna milled 256,181 tonnes of 1.58 g/t Au and 230 g/t Ag in Q4 to produce 11.8K Oz Au and 1.7M Oz Ag. In the full 2018 year, Fortuna milled 534,773 tonnes of 1.75 g/t Au and 260 g/t Ag to produce 53.5K Oz Au and 8M Oz Ag.
  • First Majestic Silver Corp., presented its mine by mine Q4 2018 production results from their Mexican operations. The table below shows production details for each mine:
    • Mako Mining Corp., reported that are still in the process of dewatering the Taunus pit at its La Trinidad mine in Sinaloa and has already reached bench -56, where there are over 57M tonnes of blasted rock of 1.35 g/t Au. The company expects to commence mining by month end, at which time crushing and stacking on the leach pad can once again resume. There is an estimated of 30K Oz of recoverable Au left in the Taunus pit. The Company is still evaluating the safest and most effective mine plan to recover the remaining Oz Au.
    • Great Panther Silver Limited, provided 2019 production and cost guidance for their two Mexican operations: Topia in Durango and the Guanajuato mine complex which includes the San Ignacio and the Guanajuato mines. Great Panther expects to produce in 2019 over 3.7-4.0 M AgEq. The company also has taken the step of realigning their Mexican operations to reduce cost and maximize mine operating cash-flow, with a modest reduction in their production ounces.

    ON FINANCING

     

    • Impact Silver Corp., closed the second and final tranche of a non-brokered private placement for $1.19M for a total raise of $1.7M. Gross proceeds will be used to explore its Zacualpan project in State of Mexico for additional potential targets, to improve the efficiency at its Guadalupe production mill, and for general working capital purposes.

     

    ON RESOURCES AND DEVELOPMENT

    • Leagold Mining Corporation, announced a feasibility study for the expansion of its Los Filos mine in Guerrero. Highlights of the FS are: production of 3.3M Oz Au over a 10-year mine life (2019-2028) at an average AISC of $795; and proven and probable mineral reserves of 111.3M tonnes of 1.23 g/t Au containing a total of 4.5M Oz Au. Post expansion (2021 onwards) include an average annual production of 350K Oz Au at AISC of $759/Oz and an average annual production exceeding 400K Oz Au from 2012 to 2013.

    ON DEALS AND CORPORATE ISSUES

    • Goldplay Exploration Ltd, announced the listing of its shares on the Frankfurt Stock Exchange under the symbol GPE effective January 15, 2019 (San Marcial project, Sinaloa).
    • Mako Mining Corp., completed the acquisition of Golden Reign Resources Ltd., from Marlin Gold Mining Ltd., and now holds a 100% interest in the la Trinidad mine in Sinaloa.
    • SilverCrest Metals Inc., announced the appointment of its VP Exploration and Technical Services and its Executive VP Business Development (Las Chispas project, Sonora).
    • Oroco Resource Corp., engaged an independent QP to prepare a technical report on its Santo Tomas property in Sinaloa. It allows Oroco to acquire an additional interest on the property.
    • Prize Mining Corporation, provided an update about the order issued by the Alberta Securities Commission on December 21, 2019, requiring that all trading in securities of Prize cease and that Prize must cease trading in all securities. Prize applied for a further adjournment and now the Alberta Securities Commission issued a variation order dated January 14, 2019 to adjourn the hearing to February 1, 2019.
    • Newmont Mining Corporation & Goldcorp Inc., entered into a definitive agreement to form Newmont Goldcorp and create the world´s leading gold company. Newmont will acquire all of the outstanding common shares of Goldcorp in a stock-by-stock transaction valued in $10B. “Newmont Goldcorp's Reserves and Resources will represent the largest in the gold sector and will be located in favorable mining jurisdictions in the Americas, Australia and Ghana, representing approximately 75 percent, 15 percent and 10 percent, respectively”. The Boards of Directors of both companies have unanimously approved the transaction, which is expected to be closed in Q2, 2019.
    • Minera Alamos Inc., launched a new brand and improved website.

    Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

     

    On the picture above, kaolin in a Hg prospect in San Luis Potosi, Mexico.  Photo by Miguel A Heredia.

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Internship

hi sir, am Shankar from India, completed mining engineering in September 2018 with 65%. I have done 1 Month training in Singareni Colleries Company Ltd. in Telangana, India.

Looking forward to contiune my career in Mining Industry, Am a person like to take risk and challenges in life. Came here to post that am actively seeking for internship or Jobs in Mining Industry.  

Please help me sir.

Thanks

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Trolley Feasibility

Hello all,

Just signed up with the group and kudos to Harald for setting this up.

Interested to see if any group members have experience with operating or the technical evaluation of trolley assisted haulage. I am interested in evaluating the technology for our project, but relevant experience seems hard to find.

Looking forward to your replies

 

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St. Barbara's Day - 4th of December

St Barbara’s Day – 4th of December

A special day to pause and to appreciate the people dedicated to the mining industry, and celebrate the rich endowment of mineral wealth that underpins much of our global economy and provides hope for the future. It is a time for fellowship and fraternity, and to remember those who have been lost in our industry throughout the past year.

 

(https://www.imwa.info/lagniappe/160-holy-barbara-patron-saint-of-the-miners.html)

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Mining, Reclamation, and Surety Bonds

Hi Everyone,

 

Thank you so much for adding me into this amazing and fascinating world.  I am very new to mining, strip mining, blasting, reclamation, etc.  My interest level comes from the level of surety bonds.  I am not sure this is even allowed here on this site but I wanted to let people know that when bonds are required for your work I have markets that are willing to entertain the requests.  I have helped many people place these types of bonds.

 

Please feel free to email me at rbredow@aauins.com should you want to discuss a certain situation, risk, or bond.  I may be able to help.  Thanks again!

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I am a mid-career mechanical engineer, and I am cosnidering a career change with the mining industry as my top area of interest. I have a long held fascination with the industry as my father, an accomplished geologist, worked in the exploration side for many years.

My question for members is this: I would expect there is always a training process for new hires at any company,but for someone who has been out of school for a couple of decades, what essential training, certification work or schooling can one add to their resume or academic background to make them a stronger candidate for employment in this field?

Thanks!

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Welcome to the spam free alternative Mining related discussion forum on the internet.

This forum was erected due to the recent changes LinkedIn made for group owners and managers. As a result of this, group managers are not able any more to prevent promotional posts (spamming) to members that clutter the technical discussions.

Again, welcome to the group, and to any of the various subgroups, and we are looking forward to your participation in the discussions!  (https://miningindustryprofessionals.net)

 

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