Issue link: http://resourceworld.uberflip.com/i/912601
56 www.resourceworld.com D E C E M B E R / J A N U A R Y 2 0 1 8 sample assays from its ongoing Phase II exploration program for the Las Chispas property in Sonora. A highlight was 5.0 metres grading 4.9 g/t gold and 632 g/t silver or 998 g/t AgEq. In addition to the current drill program, SilverCrest is sampling rehabilitated underground his- toric workings of the Las Chispas Vein to define readily accessible high-grade areas. The company is exploring nine of the 19 known epithermal veins on the property in order to deliver a maiden resource esti- mate in Q1 2018. Southern Silver Exploration Corp. [SSV-TSXV] has intersected the down-dip projection of two mineralized zones in the newly identified Las Victorias target located southeast of the known mineral deposits on the Cerro Las Minitas silver- lead-zinc project, Durango. Highlights include a 10.9-metre down-hole interval (6.8 m est. True Thickness) averaging 194 g/t silver, 0.8 g/t gold, 4.4% lead and 2.0% zinc (480 g/t AgEq; 13.6% ZnEq). SSR Mining Inc. [SSRM-TSX, NASDAQ] is advancing the 100%-owned Pitarrilla Project, a grassroots discovery in Durango made by SSR in 2002. Pitarrilla is a silver-lead-zinc project, which will con- sist of a large open-pit mainly recovering oxidized ores in the early years of produc- tion and then predominantly sulphide ores from the deeper parts of the deposit. Measured and indicated resources are 497.3 million oz silver averaging 96.7 g/t and 28.8 million oz silver grading 173.5 g/t at Pitarrilla Underground. Inferred resources of 22.2 million oz sil- ver averaging 76.6 g/t and 5.9 million oz silver grading 139.0 g/t at Pitarrilla Underground. Starcore International Mines Ltd. [SAM-TSX] is mining and processing gold and silver at the San Martin Mine in Queretaro. Starcore also owns and operates the Altiplano concentrate processing facil- ity for precious metals in Matehuala. Telson Resources Inc. [TSN-TSXV] has begun ore processing at an initial mill throughput start-up rate of approximately 1,400 tpd at its 100%-owned Campo Morado Mine in Guerrero. For the first two years production will be from the G9 and El Largo orebodies in areas of elevated gold and silver values within polymetallic base metal zones averaging 1.8 g/t gold, 142.7 g/t silver, 3.99% zinc, 0.62% copper and 1.07% lead. Telson is mining at its Tahuehueto gold- silver-zinc-lead mine in Durango at about 150 tpd and direct shipping to a toll mill for processing off site. Subject to financ- ing, Telson plans to construct a commercial mining operation expected to be opera- tional in summer 2018. Torex Gold Resources Inc. [TXG-TSX] is infill drilling at its Media Luna devel- opment project in southwest Mexico to upgrade to indicated resources 25% of the current inferred resource of 7.4 million AuEq ounces (51.5 M tonnes at 4.48 g/t AuEq). Drilling is scheduled for comple- tion by year end. An M&I resource will be prepared for a feasibility study to be com- pleted in the second half of 2019. Torex's El Limon-Guajes open pit mine, grading 2.65 g/t gold, began production in December 2015 with commercial produc- tion March 2016. Once in full production, this mine will have expected LOM aver- age annual production of 370,000 oz gold. Operations have been shut down since Nov. 3 as a result of an illegal blockade Vangold Mining Ltd. [VAN-TSXV; VGLDF-OTC; VAQ-FSE] has a 100% inter- est in the past-producing, high-grade El Pinguico Mine in central Mexico as well as seven other development projects in the Mexican Silver Belt. The company is taking steps to resume production at El Pinguico starting with the processing of over 200,000 tonnes of stockpiled ore on surface at the nearby Fresnillo milling facility at 30,000 tonnes/month. Stockpile sampling is underway to plan grade con- trol. Underground workings are dry to the 8th level and will also be sampled, fol- lowed by a resource calculation to update and confirm historic resources of 500,000 tonnes. n MEXICO