The Canadian precious metals miner has paid down an additional $41 million in debt using cash on hand.

La Preciosa hosts one of Mexico's largest undeveloped primary silver resources and is located about 19km from the company's Avino mine.

Resources in both the indicated and inferred categories have increased by 48.7%.

The latest installment from JCHX bolsters Cordoba’s financial standing as it seeks to reorganize its debt.

The PEA outlined a long-life gold-silver mine operation with strong economics, including an after-tax net present value of C$454 million.

The proposed mine has an initial eight-year life producing 47,000 oz. of gold and 55,000 oz. of silver annually.

The Berg property comprises nearly 350 sq. km. of land and is adjacent to Surge's remaining mineral claims in BC.