Junior development roundup: Silver Spruce, Solitario Zinc, SilverCrest, Guyana Goldstrike
Silver Spruce Resources said that it has awarded the contract for the phase I drill program at Pino de Plata in Mexico to Ecodrill.
This company will mobilize equipment and personnel immediately and plans to begin drilling within a week.
The phase I drill program will consist of at least 12 holes for a total of 2000-2500m of HQ diameter core, the company announced.
Solitario Zinc said that Nexa Resources has begun the 2019 phase of the most aggressive surface drilling program in the history of the Florida Canyon zinc project in Peru.
Three core rigs with helicopter support will be utilized for the 2019 program, the firm said in a release. The 2019 program consists of drilling about 35 core holes totaling approximately 15,000m.
Proposed drilling is designed to test highly prospective resource expansion opportunities and is focused on near-vertical zinc-lead replacement bodies and significant gaps and offsets within nearly horizontal manto-style mineralization.
SilverCrest Metals announced the results of an independent PEA completed by Tetra Tech Canada, for the Las Chispas project in Sonora, Mexico.
The study highlights a 1,250t/d production rate with an initial mine life of 8.5 years, the company stated.
The firm estimates average diluted grades for silver at 411.0g/t and 4.05g/t for gold.
Average annual production is estimated at 5.3Moz silver and 55,700oz gold, while life-of-mine all-in sustaining cash costs are forecast at US$7.52/oz silver equivalent with initial capex of US$101mn.
This assumes a silver price of US$16.68/oz, a gold price of US$1.269/oz and a Mexican peso/US$ exchange rate of 20:1.
Guyana Goldstrike reported the identification of previously unmapped outcrops along 1,100m of a magnetic quartzite-metachert trend on its Marudi Gold project in Guyana.
Twenty-five grab samples from four outcrops have returned and confirmed the presence of gold mineralization with gold values by re-assay up to 1.04 ppm gold, the firm said.
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News in: Mining & Metals (Peru)
Illegal miners again dynamite high-voltage tower in Poderosa
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Shougang Hierro Perú S.A.A., a subsidiary of Chinese steel group Shougang Co., is Peru's only iron ore producer. The Lima-based company operates the Marcona mine in Ica region, ...
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
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Cañariaco Copper Perú S.A. (Cañariaco Copper Perú), formerly known as Exploraciones Milenio, is a subsidiary company of the firm Candente Copper, which was created in 1996 to ac...
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The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
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