Zacatecas projects


The Zacatecas Silver District is one of the most prolific silver producing areas in the world, having produced in excess of 681 million ounces of Silver during the period 1546 to 1895 (Geological Mining Monograph of the State of Zacatecas). The San Acacio project controls approximately 50% of the historic workings on the Veta Grande system which has estimated past production of in excess of 200 million ounces of silver (Reference R. Burk, July 1994, Summary of Property Evaluation Veta Grande, San Acacio for Minera Teck S.A. de C.V.).

The Zacatecas project areas include San Acacio, Lucita, and Lagartos, located in the state of Zacatecas in the renowned Zacatecas silver mining district in north-central Mexico. The project lies in close proximity or on trend to several of the largest silver producers Zacatecas state including: the polymetallic Cozamin mine operated by Capstone Mining Corp and the Fresnillo silver mine, the world largest primary silver mine operated by Fresnillo Plc. The project is close to power and has paved road access, favorable topography, and key infrastructure (power, water) including a skilled labor force in the nearby communities and the city Zacatecas. To date, mapping, sampling, and drilling confirm numerous silver occurrences on the properties and indicate that there are also several untested base and precious metals targets. The project’s current NI 43-101 Mineral Resource Estimate comprises 16.9 million ounces of silver at 182.42 g/t silver in the Inferred category. The San Acacio project also contains appreciable gold values, as well as lead and zinc values, which have not been included in the NI 43-101 resources. The Lucita project is an emerging exploration target area that contains multiple untested vein structures to the north of the main Veta Grande vein along the Palenque structure. The Lucita project also contains the on-strike extension of the 19 million ounce Ag-Equivalent Panuco deposit. The Lagartos project area within the Zacatecas project is located on the Mala Noche trend, which has been associated with high-grade polymetallic mineralized zones, such as Capstone’s Cozamin Mine.