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Santacruz Silver Reports Gavilanes Project Drill Results

Santacruz Silver Mining Ltd. (SCZ.V) has received the results from the final five diamond drill holes of its 6,000 meter Phase one diamond drill program at its 100% owned Gavilanes Silver project in Durango, Mexico. The 7,347 hectare Gavilanes property hosts a low sulphidation epithermal system, where seven high silver grade veins and stockwork mineralized structures have been identified to date. The Phase one drill program was designed to test three of seven known silver-bearing veins and a stockwork area. The drill results reported are from the Guadelupe-Soledad-Aranzazu (GSA) vein.

Highlights (reported as true widths and assays uncut) include:

GSA Vein;

SCGP-09: 7.40 m @ 357 g/t Ag eq. (256 g/t Ag, 1.92% Zn, 1.50% Pb and 0.34 g/t Au).

SCGP-04: 3.78 m @ 210 g/t Ag eq. (156 g/t Ag, 0.50% Zn, 1.01% Pb and 0.16 g/t Au).

SCGP-03: 3.02 m @ 142 g/t Ag eq. (137 g/t Ag, 0.08% Zn, 0.16% Pb).

Based upon the success of this Phase one drill program, Santacruz has commenced the 16,000 meter Phase two drill program.

Shares fell 6.9% to close at $1.75 yesterday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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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.

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