Resource News

Santacruz Silver Mining Measures 270,000 Tonnes 0.94 g/t Au Gold at Rosario Project

Resource Investing News
TSXV:SCZ

Santacruz Silver Mining Ltd. (TSXV:SCZ) announced completion of an updated NI 43-101 mineral resource estimate on its Rosario Project in Mexico.

Santacruz Silver Mining Ltd. (TSXV:SCZ) announced completion of an updated NI 43-101 mineral resource estimate on its Rosario Project in Mexico.

As quoted in the press release:

Highlights are as follows: •Measured Mineral Resources: 270,000 tonnes grading 210 g/t Ag, 0.94 g/t Au, 3.69% Zn, and 1.17% Pb containing 3.3 million AgEq1 ounces. •Indicated Mineral Resources: 711,000 tonnes grading 163 g/t Ag, 0.88 g/t Au, 2.60% Zn, and 1.18% Pb containing 6.9 million AgEq1 ounces. •Inferred Mineral Resources: 386,000 tonnes grading 90.6 g/t Ag, .81 g/t Au, 2.10% Zn and 0.73% Pb containing 2.5 million AgEq1 ounces.

Santacruz’s President, Arturo Préstamo, said:

This resource classification upgrade provides us with more certainty that the Rosario Project will be an emerging silver producer that will be the foundation of the Company as we advance towards becoming a mid-tier silver producer. We remain on schedule to achieve commercial production at the Rosario Project within the first quarter of 2013.

To view the whole press release, click here.

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