Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
Santacruz Silver Mining (TSXV: SCZ) updated the mineral resource estimate, under National Instrument 43-101 Standards of Disclosure for Mineral Projects, for its Veta Grande project in Zacatecas, central Mexico.
The update applies a nominal cut-off value of 100.0 g/t AgEq for the project’s Panuco deposit, which puts the inferred mineral resource estimate at 3,954,729 tonnes grading 136.00 g/t Ag, 0.14 g/t Au, 0.012% Pb and 0.110% Zn or 153.20 g/t AgEq. This represents 19,472,901 ounces of AgEq.
The Veta Grande project is located near the southeastern boundary of the Sierra Madre Occidental physiographic province in north-central Mexico
Veta Grande consists of 184 mining concessions covering an area of 8,944 hectares. It is divided into three concession groups, described as the Veta Grande properties, Minillas property and Zacatecas properties.
Santacruz reports that the boundaries of the Veta Grande property contain a number of northwest-southeast striking, southwest dipping, low-sulphidation epithermal silver vein systems including Veta Grande, La Cantera and Panuco, among others.
The Panuco deposit is the only mineral resource estimate calculated and reported for the project.
