As silver mining becomes more widespread and successful in Mexico, many companies are in the process of exploring new properties.
As silver mining becomes more widespread and successful in Mexico, many companies are in the process of exploring promising properties.
Based in Vancouver, Canada, this junior exploration company is currently working on multiple projects throughout North America, including two in Mexico. Southern Silver’s flagship exploration property is the Cerro Las Minitas silver-lead–zinc property, located in Durango State, Mexico. It covers over 57.9 square miles, much of which is in Northern Mexico’s Faja de Plata, or Belt of Silver. This area has historic production and resources of over 3 billion ounces of silver, according to the company’s website.
Arian Silver (TSXV:AGQ)
This silver exploration, development and production company focuses primarily on the silver belt in Mexico, specifically Zacatecas State. Its mission is to explore properties with prior exploration and production history in order to best reduce risks and capital costs.
Currently, Arian Silver’s main exploration project is its 100-percent-owned Calicanto Group, which encompasses seven adjacent properties in Zacatecas. It does not have a current reserve estimate, but during previous production in 1955, a small section of the mines had monthly production of 1,500 to 3,400 dry tons, with an average of 110 grams per ton of silver. The property has since been expanded through exploration.
Aura Silver Resources (TSXV:AUU)
Aura Silver’s concentration is silver and gold in North America. Its major Taviche project is located in Oaxaca, Mexico, within the San Jose Mining District.
This exploration project is made up of the Taviche East and Alma Delia concessions, according to the company’s website. Within these, research on the Higo Blanco prospect has determined an inferred silver resource of 865,000 metric tons at a grade of 119 grams per ton, amounting to 3.3 million ounces of contained silver.
This Vancouver-based exploration and mining company is focused heavily on the exploration of its 100-percent-owned flagship Promontorio silver project, located in Sonora, Mexico. Kootenay Silver’s most recent resource estimate found this property holds an estimated 92,035,000 ounces of silver equivalent, plus an additional 24,326,000 ounces inferred. Promontorio is also estimated to contain sizeable gold deposits.
Currently, the Promontorio property is such a priority that Kootenay is not in the process of exploring any other areas.
Also headquartered in Canada, NSX Silver is a mineral exploration company focused on the exploration and development of silver in Mexico. Its primary asset is the Dios Padre project located in the Eastern Sierra Madre Mountain range between Hermosillo and Chihuahua.
The Dios Padre’s past production reached 16 million ounces of silver, according to the company’s website, and its current exploration potential is considered excellent. NSX Silver has plans to produce a resource estimate for the project in the near future.
Editorial Disclosure: NSX Silver (TSXV:NSY), Kootenay Silver (TSXV:KTN) and Southern Silver Exploration (TSXV:SSV) are clients of the Investing News Network. The above content was not solicited or paid for.