Arizona Mining’s Updated PEA Indicates US$2.0 Billion NPV, First 5 Years Average Annual Silver Production in Concentrate of 9.5 Million Ounces
All amounts expressed in US$ and short tons unless otherwise indicated)
Tag: silver
Dundee Precious Metals Exceeds 2017 Gold Production Guidance and Provides Notice of Fourth Quarter and Full Year 2017 Financial Results
Dundee Precious Metals Inc. (TSX:DPM) (“DPM” or “the Company”) announced its mine and smelter production results for the three months and year ended December 31, 2017 and confirmed the timing of the release of fourth quarter and full year 2017 operating and financial results, together with the related conference call and webcast.
Sierra Metals Significantly Increases Mineral Resource Estimate for Cusi Silver Mine, Mexico
- Total Measured and Indicated Resources increased 129% to 4,557,000 tonnes from 1,990,000 tonnes previously reported; and Total Inferred Resources increased 36% to 1,633,000 tonnes from 1,200,000 tonnes previously reported
- Total Measured Mineral Resources for Cusi are 362,000 tonnes averaging 225g/t silver, 0.55% lead, 0.68% zinc, 0.13 g/t gold for a total 268 g/t Ag Eq
- Total Indicated Mineral Resources for Cusi are 4,195,000 tonnes averaging 217 g/t silver, 0.64% lead, 0.66% zinc, 0.21 g/t gold and 267 g/t AgEq
- Total Inferred Mineral Resources for Cusi are 1,633,000 tonnes averaging 158 g/t silver, 0.54% lead, 0.84% zinc, 0.16 g/t gold and 207 g/t AgEq
- The updated Resource Estimate varies from the previous 2017 Technical Report due to a variety of factors, including the use of silver equivalent cut-off grade and depletion by production since the previous Report was completed
- The updated Resource Estimate has incorporated new exploration drilling, sampling, and underground mapping information into the geologic interpretation and grade estimations providing more refined resource models in the areas of San Nicolas and Promontorio
TORONTO, Dec. 29, 2017 /CNW/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) has updated its Mineral Resource Estimate at the Company’s Cusi Mine, located in Chihuahua State, Mexico.
Sierra Metals reports positive drilling results on wide high-grade structures from the Cuye Zone at the Yauricocha Mine, Peru
- Current Drilling program at the Cuye Zone reflects high grade Polymetallic and Copper mineralization which continue and remain open to depth
- 11 holes have been completed to date from the 1070 level in the Cuye area
- Copper sulphide mineralized areas have been defined containing widths of more than 45 meters which remain open at depth
- Mineralized areas noted in core identified large dioritic intrusive inclusions which suggest wider orebodies exist
- Drill hole 10 intercepted over 75 meters of continued high grade polymetallic and copper mineralization and included a 15-meter intercept of polymetallic mineralization followed by a 44-meter copper sulphide intercept
- Drilling program also intercepted low-grade disseminated copper mineralization in the intrusive formation, which opens a new exploration concept not explored or known before at Yauricocha
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Gold Newsletter on Golden Arrow
As investors hunt through the year end tax loss selling bargain bin, Gold Newsletter has a suggestion: Golden Arrow Resources (V.GRG). Part of the Grosso Group, Golden Arrow is a near producing gold company in Argentina. Here’s what the newsletter had to say:
TerraX Expands high grade Au-Mo-Cu-Ag zone at Ryan Lake Porphyry; sampling returns assays up to 97.7 g/t Au, 32.4 g/t Ag, 2.09% Cu and 0.32% Mo
TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Ryan Lake area on its Northbelt property, one of eight new high-grade target areas identified on the Yellowknife City Gold Project during fieldwork this summer (see maps here).
Margaux Resources Announces Significant Expansion of its Kootenay Arc Project Holdings, Plus High-Grade Gold Grab Sample Results from Sheep Creek and Bayonne
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that it has acquired additional claims to expand the Company’s Kootenay Arc project holdings in southeastern British Columbia. In addition, the Company has received high-grade gold grab sample results from the Sheep Creek and Bayonne properties.
Golden Predator Reports 3 Aces Project Bulk Sample Results
Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports today the reconciliation from the bulk sample program at the 3 Aces Project in Southeast Yukon, which yielded 29.654 kg (953.4 troy ounces) of fine gold from 776 metric tonnes processed. The average calculated grade of the bulk sample was 46.18 grams per tonne (g/t). The bulk sample was processed solely by the Company using conventional gravity recovery methods (crushing, grinding, sluicing and shaker tables) and has provided valuable technical information, and effectively demonstrates that gravity processing is sufficient to obtain high gold recoveries without the use of chemicals or elaborate equipment.
Metallic Minerals Sample Results
Greg Johnson and his team at Metallic Minerals (V.MMG) put out some brilliant sampling results today. Up to 12,000 gpt of silver.