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First Majestic Provides Review of 2017 Exploration Program and Plans for 2018
Jan. 09, 2018 08:30AM PST
Silver InvestingFirst Majestic Silver (NYSE:AG) (TSX:FR) (the “Company” or “First Majestic”) is pleased to announce a year-end review of its 2017 exploration program and plans for its 2018 exploration program. Keith Neumeyer, CEO and President, stated: “2017 was an exceptional year for exploration and technological innovations. Across seven of our assets, we had up to 24 active …
First Majestic Silver (NYSE:AG) (TSX:FR) (the “Company” or “First Majestic”) is pleased to announce a year-end review of its 2017 exploration program and plans for its 2018 exploration program.
Keith Neumeyer, CEO and President, stated:
“2017 was an exceptional year for exploration and technological innovations. Across seven of our assets, we had up to 24 active rigs and drilled over 156,500 metres resulting in a new exploration record for First Majestic. The Company is now working diligently to incorporate these successful results into an updated Reserve and Resource estimate which is expected to be released by the end of the first quarter of 2018.
Our two major discoveries for 2017 were the Cerro de Santiago vein at La Parrilla and the Ermitaño vein at Santa Elena. It is also becoming evident that there is a significant opportunity around Santa Elena and La Parrilla to expand the size of the known mineral resources. As a result of the recent discoveries, we are allocating additional exploration resources in 2018 in order to improve Life of Mine at both operations.”