Guanajuato Silver Co

Overview

Vangold Mining Corp. (TSXV:VGLD,OTC Pink:VGLDF) is focused on exploring mineral projects in the Guanajuato region of Central Mexico. The company’s interests are in silver and gold, and its flagship project, El Pinguico, is a significant past producer of high grade gold and silver. In the near future, Vangold Mining will continue targeting the near term potential for development and monetization of both surface and underground stockpiles of mineralized material at El Pinguico.

Over a century ago, El Pinguico was a 400 tonne per day mine, owned and operated by Pinguico Mines Company and listed on the New York Stock Exchange. It was mined on 10 levels with three exterior shafts and one interior shaft. It was the highest grade mine in Guanajuato from the early 1890s until 1913.

Today, the mine is accessed from the El Carmen adit. From the portal, one can walk 800 meters to access the underground stockpile and the El Pinguico shaft. Vangold engineers are currently evaluating a range of scenarios to bring the underground material to the surface as it is much higher grade than the surface material. Vangold plans to clear the bottom of the El Pinguico shaft to gain additional access to the mine.

Overall, Vangold Mining aims to reestablish the mine to what it was 100 years ago. At the time, the mine was averaging between 1.5 and 2 ounces of gold equivalent — somewhere between 40 and 60 grams of gold equivalent, although the cutoff was only 15 grams.

Vangold Mining prides itself on having access to infrastructure, historical data and existing relationships in Mexico. It also has historic access to mine structure, and is working to get complete access to full mine.

The Veta Madre — The Mother Vein — is a regional fault structure and is visible for over 25 kilometers and is responsible for over 1.5 billion ounces of silver production.

Vangold Mining Company Highlights

• Vangold is focused on exploring mineral projects in the Guanajuato region of Mexico.
• The company’s flagship project is the Pinguico Project, which is located 7 kilometers outside of Guanajuato City.
• The property consists of two mining concessions totaling 71 hectares.
• The El Pinguico mine was the highest grade mine in the Guanajuato region from the 1890s until 1913.
• The remains of the mills from that time, and from the 1970s, still exist on the property.
• Through monetization of mineralized stockpiles of silver and gold on the Pinguico mine project, Vangold looks forward to rapid growth.
• Vangold Mining has a working relationship with Endeavor Silver (TSX:EDR). The company completed a bulk sample and metallurgical test and delivered 1,039 tonnes of mineralized material from its El Pinguico silver and gold project for processing at Endeavour Silver’s Bolanitos mill in June 2020.
• The company has two other key projects. The Patito Project consists of the Patito I and Patito II and is located approximately 1.5 kilometers from the El Pinguico project. Vangold’s Analy Project includes the Analy I and Analy II concessions. The concessions are located 100 kilometers east of the city of Guanajuato.