Resource World Magazine

Resource World - December-January 2018 - Vol 16 Issue 1

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54 www.resourceworld.com D E C E M B E R / J A N U A R Y 2 0 1 8 of Chihuahua and includes a 500 tpd dynamic cyanide countercurrent system plant which the company plans to expand to 1,000 tpd. Ash & Associates Consulting have been engaged to carry out resource studies and preliminary economic assess- ments at Magistral. MX Gold also owns 50% of the IDS Project, which includes a 50 tpd smelter built to process material from small-scale Mexican miners. Oceanus Resources Corp. [OCN- TSXV; OCNSF-OTC] has intersected the high-grade Caleigh vein in the first hole of the fall 2017 drilling program at its 100%- owned, past-producing El Tigre property in Sonora. Drill hole ET-17-145 returned 0.75 metres of 48.7 g/t gold equivalent (AuEq) ounces from 28.50-29.25 metres consisting of 10.91 g/t gold and 2,830.4 g/t silver. El Tigre has NI 43-101 indicated resources of 661,000 AuEq ounces at 0.77 g/t and inferred resources of 341,000 AuEq ounces at 1.59 g/t. Orex Minerals Inc. [REX-TSXV] has three exploration projects. Partner Fresnillo has been drilling Coneto 100 km north of Durango. Orex and partner Canasil are exploring Sandra Escobar 180 km north of Durango for bulk tonnage sil- ver targets. Pan American Silver Corp. [PAAS- TSX; PAAS-NASDAQ] has a 100% interest in the La Colorada silver-gold-lead-zinc mine in Zacatecas which operates at 1,250 tpd. The company also has a 100% interest in the Dolores open pit silver-gold mine in Chihuahua which has a capacity of 16,200 tpd. Pan American has La Bolsa, an explo- ration stage silver-gold property in Sonora. Primero Mining Corp. [P-TSX] has lowered its 2017 production guidance for the San Dimas gold-silver mine on the Durango-Sinaloa border to between 75,000 and 85,000 gold equivalent ounces with all-in sustaining costs increasing to $1,050 to $1,150 per gold ounce. Prospero Silver Corp. [PSL-TSXV] plans to drill the gold-silver-zinc Bermudez Project in northwest Chihuahua as part of its continuing 6,950-metre reconnais- sance drill campaign financed by partner Fortuna Silver Mines Inc. All permits have been received for a first-pass drill program. Planning is under way with Fortuna's technical team to drill two to four holes, most likely in Q1 2018. Prospero has acquired an option to earn a 100% interest in the Altiplano Minerals Ltd. [APN-TSXV] Buenavista claims in Durango. Prospero has several other Mexican projects. Radius Gold Inc. [RDU-TSXV] reported new high-grade channel sampling results from its recently optioned Amalia Project, Chihuahua. Assays have been received from 272 surface and underground rock chip samples, including chip sampling high- lights of 4 metres grading 6.04 g/t gold and 1,702 g/t silver from the Guadalupe Target; 30 metres at 0.58 g/t gold and 151 g/t sil- ver from the Campamento Target; and 1.5 metres at 114 g/t gold and 57 g/t silver from MEXICO

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