Santacruz Silver Mining Ltd. (SCZ.V) has completed an updated NI 43-101 mineral resource estimate on its Rosario Project in the Charcas Mining District, San Luis Potosi, Mexico.
The measured and indicated silver equivalent (AgEq) resource amounts to 10.2 million AgEq ounces while the inferred resources stand at 2.5 million AgEq ounces. The initial resource estimate at the Rosario Project included only inferred resources and subsequent exploration work performed at the property by Santacruz has successfully upgraded 86% of these inferred resources to measured and indicated.
Highlights:
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 AgEq 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 AgEq 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 AgEq ounces.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
