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Santacruz Silver Mining Ltd. (TSXV:SCZ) announced that they have acquired the El Gachi project in Sonora state. As quoted in the press release: The project includes a historical producing mine operated by Anaconda Mining Company and Peñoles, in the 1960′s and 1970′s respectively. During the 1980′s Minera Serrana shipped high grade ore from El Gachi to its […]
Santacruz Silver Mining Ltd. (TSXV:SCZ) announced that they have acquired the El Gachi project in Sonora state.
As quoted in the press release:
The project includes a historical producing mine operated by Anaconda Mining Company and Peñoles, in the 1960′s and 1970′s respectively. During the 1980′s Minera Serrana shipped high grade ore from El Gachi to its nearby San Felipe mill. El Gachi is a high-grade manto and vein mineralized system located 30 kilometers by paved road from San Felipe project in the state of Sonora México.
Santacruz’s President, Arturo Préstamo, said:
We are very pleased to add El Gachi to our portfolio of silver projects. This is a large land position in a known silver belt with excellent exploration potential and infrastructure.
To view the whole press release, click here.