Santacruz Silver Mining Measures 270,000 Tonnes Grading 210 g/t Silver at Rosario Project

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