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Santacruz Silver Mining (SCZ.V): Der neue Stern am Silberhimmel?


WKN: A1JWYC | Symbol: SCZ
0,200
C$
25.07.17
TSX Venture
+2,56 %
+0,005 CAD

Begriffe und/oder Benutzer

 

May 15, 2012

Corporate Update and Appointment of Investor Relations Manager


Vancouver, B.C. -- Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") Santacruz is pleased to report significant progress at its Rosario project, located in the historical mining district of Charcas, San Luis Potosi, Mexico. In August 2011 the Company signed an option agreement with Compañía Minera Nukay, S.A. de C.V. a subsidiary of Goldcorp Inc. to purchase a mill with a capability of 500 tonnes per day. The mill, which is currently being disassembled will be moved to the property within the third quarter of 2012. The mill is scheduled to be commissioned within the first quarter of 2013. Utility permits for water and power are expected to be ready during the third quarter of 2012.

In addition, the company is continuing with its exploration program at the Rosario project which is budgeted to include 4,310 metre diamond drilling for 2012, focusing on the Rosario I and II veins with an objective to upgrade and increase current silver resources.

A 6,000 metre diamond drilling campaign will commence during the second quarter of 2012 at the Company's Gavilanes high grade silver project. The defined drill targets outlined in the Company's current NI 43-101 technical report are located on the stockwork area of El Hundido, as well as on the Guadalupe and Descubridora veins.

The Company has retained Gustavson Associates, LLC ("Gustavson") to prepare a NI 43-101 technical report on the San Felipe property which is expected to be concluded by the third quarter of 2012.

The Company is also pleased to announce that it has entered into an employment agreement dated May 7, 2012 (the "Agreement") with Neil MacRae, pursuant to which Mr. MacRae will provide investor relations services to the Company. Mr. MacRae will administer Santacruz's investor relations matters, including creating promotional and information materials for the Company, developing public relations programs for media awareness, and liaising between Santacruz and the brokerage community and investors.

Pursuant to the terms of the Agreement, Mr. MacRae's appointment commenced on May 7, 2012 and continues for an indefinite period. The Company has granted Mr. MacRae stock options to acquire 300,000 common shares of the Company at an exercise price of $0.90 per share for a period of three years.

Mr. MacRae brings with him a wealth of knowledge and experience in dealing with the investment community. He has worked for 18 years in the mining industry in investor relations. Most recently he has been involved with producing mining companies with a primary focus in operations in Mexico. His recent positions include Director, Investor Relations with NovaGold Resources Inc., Farallon Mining Ltd, and First Majestic Silver Corp.

For further information please contact:

Arturo Prestamo Elizondo, President, Chief Executive Officer and Director
Santacruz Silver Mining Ltd.

Neil MacRae
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (778) 999-4653

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All scientific or technical nature information herein was approved by Harald Hoegberg and Randy Henkle (both of whom are qualified persons as such term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Hoegberg and Mr. Henkle are independent consultants for Santacruz.
Oder auch "Die nächste Briefkastenfirma"?
1 Antwort
Nehmen wir mal auf die Watch ,vielleicht wird das ja was;)
May 22, 2012

Santacruz Announces Rosario Project Environmental Permits Approved


Vancouver, B.C. -- Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") Santacruz is pleased to provide an update on its Rosario project, located in the mining district of Charcas, San Luis Potosi, Mexico. The environmental permits for both the underground development and mine construction have been received for the Rosario project. This is a positive development for the project as it is the Company's intention to commission the mill within the first quarter of 2013. Detailed engineering and construction work continues on the project and is on schedule for the Company's production target timeline.

"With these environmental permits in place, we now have the ability to rapidly advance the Rosario project into production," said Arturo Prestamo Elizondo, Santacruz's President and CEO. " The focus of the company is to bring the Rosario project into production within the first quarter of 2013, and to start generating cash flow for Santacruz. The granting of these permits provides us with the ability to meet our targets."

About Santacruz Silver Mining Ltd.
Santacruz Silver is focused on three advanced stage silver deposits in Mexico with a corporate objective to reach production by first quarter 2013. The Company aims to become a mid-tier silver producer (targeting to produce +5million Ag equivalent ounces) within the next 3 to 4 years. For 2013, Santacruz is focused on increasing resources to more than 50million ounces of silver equivalent on each of its three properties.

For further information please contact:

Arturo Prestamo Elizondo, President, Chief Executive Officer and Director
Santacruz Silver Mining Ltd.

Neil MacRae
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (778) 999-4653

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All scientific or technical nature information herein was approved by Harald Hoegberg and Randy Henkle (both of whom are qualified persons as such term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Hoegberg and Mr. Henkle are independent consultants for Santacruz.
June 07, 2012

Santacruz Announces Appointment of Chief Operating Officer and Corporate Update


Vancouver, B.C. -- Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") is pleased to take this opportunity to announce the appointment of Mr. Francisco Ramos as the Chief Operating Officer of the Company and also update its shareholders and interested parties on the corporate activities that have taken place over the past couple months on the Rosario, Gavilanes and the San Felipe silver projects and the Company's plans for the remainder of 2012.

Mr. Ramos is a Mining and Metallurgical Engineer with more than 30 years of experience in the mining industry, holding a masters degree in Mining Engineering from the University of Guanajuato, Mexico. He was a co-founder of Great Panther Silver Limited (GPS), finding and developing its first two mines. Mr. Ramos has been instrumental in executing and overseeing the mining operations for GPS which are all located in México and he's played a major role in building the company into its current status as a mid tier silver producer. Mr. Rámos has worked with a variety of senior mining companies such as Peñoles, IMMSA (Grupo Mexico) and Minera Autlan. He has also consulted for a number of junior to mid-size companies from Canada, Mexico and the United States. In addition, Mr. Ramos was responsible for the design, supervision and construction of four milling operations, all of which were completed on time and on, or under budget.

Arturo Prestamo, President & CEO of Santacruz, stated "Mr. Ramos has put together a highly qualified operational team to assist the Company in achieving its objectives going forward. His operational experience will be a key asset to Santacruz as we grow into a mid-tier silver producer with our advanced stage, near-term production assets in Mexico".

The operational activities of the company are moving along as planned with the following advances on each project:

Rosario Mine (San Luis Potosí, Charcas Mining District)

During the month of April the company completed the purchase of a 500 tpd flotation mill from Goldcorp's Mexico Subsidiary, Nukay. The purchase price was US$800,000. Disassembling of the mill has commenced and transportation of the mill components to the Rosario mine site is in progress. The company expects to receive at the site all crushing and milling equipment during the next seven weeks, as well as all of the flotation cells. Engineering activities are moving forward in preparation for receiving and installating the mill equipment, including all of the necessary ground leveling and excavation for the crushing and milling foundations. In addition, during the month of May, all environmental permits required for the operation of the mill, mine and tailings dam were received. Current timelines are on track to reach commercial production by first quarter 2013. Anticipated production levels at 500 tpd are projected to yield 2,200,000 ounces of silver equivalent1 by the year 2014.

1 From 157,200 tons of mineable material containing Ag 298 g/t, Au 1.14 g/t, 4.10% Zn, 2.1% Pb.

A four month exploration program concentrated on expanding four trenches that were dug to explore for the continuation of both Rosario I and II veins to the NW. Each trench measured over 30 meters in length and 5 meters in width and were located over 800 meters away from the current known resources. In the four trenches, continuation for Rosario I and II veins was confirmed. With the idea of confirming both veins at depth, a 4,310 meter diamond drill program has now commenced with one rig targeting the extensions of both Rosario I and II veins to the NW where the trenching took place. In preparation for the mine development, a 250 meter length area of overburden at Rosario I and II veins was removed, exposing both veins. The plan is to have a 3 month open-pit scenario before accessing the underground development. This will allow for the accumulation of stockpiled ore in a cost effective manner, while mill construction is underway.

Gavilanes Mine (Durango, San Dimas Mining District)

Preliminary surface mapping and exploration activities took place during April and May at Gavilanes in preparation of an aggressive 6,000 meter diamond drill campaign scheduled to commence in June. The defined drill targets which are outlined in the Company's current NI 43-101 report (viewable at www.santacruzsilver.com) are located within the stock work area of El Hundido structure as well as to Guadalupe and Descubridora veins. These areas are the primary focus of this program. The Companys's goal is to increase resources on the Gavilanes project and update the NI 43-101 report by the first quarter of 2013.

San Felipe Mine (Hermosillo Sonora, San Felipe Mining District)

Since February 2012, geologists have been mapping and collecting rock samples from underground at the Las Lamas, Artemisa, Curnocopia, Santa Rosa, La Ventana and San Felipe mines as well as within other previously devoloped underground areas within the San Felipe property. Ten kilometers of grid lines have been established where a systematic soil geochemical sampling program was completed, including the Transversales area. In addition, a detailed geophysics survey to follow-up anomalous indications from the geochemical sampling and mapping has took place in January with encouraging results. The Company has retained Gustavson Associates, LLC ("Gustavson") to prepare a NI 43-101 Techinal Report including an updated resource estimate. This Report is expected to be published during the third quarter of 2012.

Arturo Prestamo, President & CEO of Santacruz stated; "I am pleased to see the Company's progress on the construction of the Rosario mill coupled with our exploration activities. Also achieving our listing on the TSX Venture Exchange was an exciting milestone for the Company. I would like to encourage shareholders and interested parties to contact us at any time for more detailed information. I would also like to take this opportunity to welcome Santacruz's Chief Operating Officer Francisco Ramos. Having an operational manager of his caliber on our team will ensure that the operations run efficiently. This is an exciting time for us as we build our team and start to deliver on our corporate objectives to become a mid-tier silver producer."

About Santacruz Silver Mining Ltd.

Santacruz Silver is focused on three advanced stage silver deposits in Mexico with a corporate objective to reach production by first quarter 2013. The Company aims to become a mid-tier silver producer in Mexico.

Arturo Prestamo Elizondo,
President, Chief Executive Officer and Director

For further information please contact:

Neil MacRae
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (604) 569-1609

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All scientific or technical nature information herein was approved by Harald Hoegberg and Randy Henkle (both of whom are qualified persons as such term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Hoegberg and Mr. Henkle are independent consultants for Santacruz Silver Mining Ltd.
Antwort auf Beitrag Nr.: 43.167.535 von Gragor am 15.05.12 15:24:41Vielleicht,

in jedem Fall gehört die Firma

3 Familien
und einigen Investoren.

Die wollen natürlich ihr
Ding drehen.

Daher Gewinne immer wieder ziehen
http://www.santacruzsilver.com/s/news_releases.asp?ReportID=…

July 16, 2012

Santacruz Announces NI 43-101 Resource at San Felipe


Vancouver, B.C. -- Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (TSX.V:SCZ) is pleased to announce an update regarding its activities in Mexico at the San Felipe project, including an initial independent National Instrument 43-101 ("NI 43-101") Mineral Resource estimate. The Mineral Resource estimate was completed by Kelsey Zabrusky under the supervision of Zachery Black SME-RM and Donald E. Hulse PE and SME-RM, of Gustavson Associates, LLC, (Gustavson) both of whom are independent "qualified persons" under NI 43-101.

Highlights are as follows:
•Measured and Indicated Resources of 39mm oz AgEq; Inferred Resources of 11mm oz AgEq
•Resources are defined on only 3 of 8 known veins (La Ventana, San Felipe and Las Lamas)
•These three primary veins remain open along strike in at least one direction and to depth.
•Excellent potential to expand resources at Las Lamas, Cornucopia, Artemisa, Santa Rosa and Transversales veins.
* Please see resource categories and further details below.
San Felipe is a late stage exploration project, located in the State of Sonora, approximately 130 kilometers north-west of Hermosillo City, the state capital of Sonora. Previously, Minera Hochschild Mexico SA de CV ("MHM") explored and developed the property from 2001 to 2008, with more than 18,500 meters of diamond drilling and significant development work completed on the project at the La Ventana, San Felipe and Las Lamas veins.

During 2011 Santacruz began conducting an exploration program in the area to confirm and support MHM's previously discovered resources at the La Ventana, San Felipe and Las Lamas veins. Additional resources have been delineated in the Las Lamas, Cornucopia, Artemisa, Santa Rosa and Transversales veins. In addition, to the south-west of the project is a target named Los Locos, which has exploration upside. This has led to new exploration potential on the project.

Gustavson estimates that the San Felipe project contains a Mineral Resource of 3 million metric tons of measured and 900 thousand metric tons of indicated mineralization, containing 31 million and 8 million troy ounces of silver equivalent, respectively, above a cutoff grade of 75g AgEq/t. The report estimates that there is an additional 1.5 million metric tons of inferred mineral resource above the 75 g AgEq/t cutoff containing 11 million troy ounces of silver equivalent. The sulfide mineral contains primarily silver, lead and zinc with associated copper (resource tables are attached). These Mineral Resources are only from the La Ventana, San Felipe and Las Lamas veins.

Gustavson made a site visit on December 8, 2011. While on site, Mr. Hulse verified drill collar locations, inspected underground workings, took structural measurements of altered and mineralized outcrops, examined core, correlated laboratory assay sheets and Santacruz digital database entries with altered and mineralized sections of core, discussed Santacruz's quality assurance, quality control (QA/QC) procedures, and reviewed hard copy project documents. Mr. Hulse concludes that the data quality is adequate and appropriate to develop a Mineral Resource estimate.

The San Felipe project has all necessary permits and agreements for this stage of the project. The community has been historically involved in mining and supports the project, and the state of Sonora has been pro-mining in the past. Gustavson is of the opinion that the legal and political risks of this project are small and comparable with other successful projects in the area.

President, Arturo Préstamo states "This initial NI4 3-101 Mineral Resource estimate on San Felipe has exceeded management's expectations and establishes this project as a significant and major asset of the Company." The following Mineral Resource Tables outline the current NI 43-101 compliant resource estimate as of May 15, 2012. Additional exploration work is planned on the Las Lamas, Cornucopia, Artemisa, Transversales and Santa Rosa veins, and assessment of the additional potential is currently being studied at these five areas.

The following summary tables will be presented in a NI 43-101 Technical Report on Resources. Shareholders and interested parties are encouraged to read this report which will be available on SEDAR (www.sedar.com) and on the Company's website at www.santacruzsilver.com within the next 45 days.




All Veins Total




Measured



Ag Eq* Cutoff

Tonnes
(x1000)

Ounces Ag
(x1000)

Equivalent Ounces Ag (x1000)

Ag gpt

Equivalent Ag gpt

Cu %

Pb %

Zn %



50

4,314

8,919

37,717,861

64.30

271.94

0.25

2.56

4.51



75

3,133

7,313

30,886,731

72.60

306.64

0.29

2.83

5.11



100

2,420

6,193

25,969,902

79.59

333.76

0.32

3.02

5.58



150

1,524

4,519

18,913,338

92.21

385.95

0.38

3.40

6.52















Indicated



Ag Eq* Cutoff

Tonnes
(x1000)

Ounces Ag
(x1000)

Equivalent Ounces Ag (x1000)

Ag gpt

Equivalent Ag gpt

Cu %

Pb %

Zn %



50

1,546

2,663

11,679

53.58

235.05

0.20

2.29

3.96



75

936

1,876

8,188

62.33

272.09

0.24

2.56

4.63



100

621

1,408

6,116

70.50

306.13

0.27

2.81

5.26



150

329

860

3,869

81.35

366.05

0.34

3.38

6.32















Measured + Indicated



Ag Eq* Cutoff

Tonnes
(x1000)

Ounces Ag
(x1000)

Equivalent Ounces Ag (x1000)

Ag gpt

Equivalent Ag gpt

Cu %

Pb %

Zn %



50

5,860

11,582

49,397

61.48

262.21

0.23

2.49

4.37



75

4,069

9,189

39,074

70.24

298.69

0.28

2.77

5.00



100

3,042

7,601

32,086

77.73

328.12

0.31

2.98

5.51



150

1,853

5,378

22,782

90.28

382.42

0.37

3.39

6.49















Inferred



Ag Eq* Cutoff

Tonnes
(x1000)

Ounces Ag
(x1000)

Equivalent Ounces Ag (x1000)

Ag gpt

Equivalent Ag gpt

Cu %

Pb %

Zn %



50

3,084

4,140

19,913

41.75

200.80

0.16

2.17

3.35



75

1,495

2,149

11,347

44.70

236.08

0.20

2.68

3.92



100

750

1,281

6,742

53.16

279.68

0.25

3.02

4.74



150

317

651

3,533

63.82

346.58

0.33

3.63

6.01


Ag Eq is the silver equivalent used to calculate the cutoff. The silver equivalent was calculated with the following equation:
AgEq = Ag + (Cu * 0.009387 * 10000) + (Pb * 0.002685 * 10000) + (Zn * 0.002563 * 10000)

Where:





Definition

Price



AgEq

the silver equivalent





Ag

the estimated silver grade in grams per tonne

$30.99/t oz



Cu

the estimated copper grade in %

$3.491/lb



Pb

the estimated lead grade in %

$0.9988/lb



Zn

the estimated zinc grade in %

$0.9531/lb


•Pending metallurgical studies, all metal recoveries are assumed to be identical.
•The grades for copper, lead, and zinc are multiplied by each metal's 3 year trailing average price ratioed to silver's 3 year trailing average price in matching units.
•The quantity and grade or quality is an estimate and is rounded to reflect the fact that it is an approximation.
The Mineral Resources are reported using a 75g/t silver equivalent cutoff. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. This Mineral Resource estimate has been prepared in accordance with NI 43-101 and CIM "Best Practices and Reporting Guidelines". There is no certainty that all or any part of the Mineral Resource will be converted to Mineral Reserves.

Arturo Prestamo, President & CEO of Santacruz stated; "I am very pleased with the results of this initial NI 43-101 Mineral Resource estimate on the San Felipe mine project. While it has exceeded our initial expectations, it also provides us with more confidence that further exploration on the other targets will allow us to significantly expand this resource. We are now positioning San Felipe to be the second producing asset in our portfolio after our Rosario project, which we are targeting to have in commercial production by mid 2013." Mr. Prestamo added, "The Company intends to build upon the previous work done by MHM to advance the project into a significant producing asset."

About Santacruz Silver Mining Ltd. and San Felipe

Santacruz Silver is focused on three silver deposits in Mexico with a corporate objective to reach production by first quarter 2013. The Company aims to become a mid-tier silver producer in Mexico.

Under the terms of an agreement dated August 3, 2011, as amended, between MHM and a subsidiary of the Company, the Company was granted the right to explore the San Felipe project and an option, exercisable until April 1, 2013, to acquire the project, as described in the Company's Filing Statement filed under the Company's profile at www.SEDAR.com.

'signed'

Arturo Prestamo Elizondo,
President, Chief Executive Officer and Director

For further information please contact:

Neil MacRae
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (604) 569-1609

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All scientific or technical nature information herein was approved by Harald Hoegberg and Randy Henkle (both of whom are qualified persons as such term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Hoegberg and Mr. Henkle are independent consultants for Santacruz Silver Mining Ltd.
http://www.santacruzsilver.com/s/news_releases.asp?ReportID=…

July 26, 2012

Marc Prefontaine Joins Santacruz Board of Directors


Vancouver, B.C. - Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (TSX.V:SCZ) is pleased to announce that at its Annual General Meeting held July 24, 2012, Mr. Marc Prefontaine, M.Sc., P.Geo, was elected to the Company's Board of Directors joining Messrs. Arturo Prestamo Elizondo, Francisco Ramos, James Hutton and Craig Angus, who were all re-elected.

Mr. Prefontaine graduated with a B.Sc. in Geology from the University of Alberta and a M.Sc. in Mineral Exploration from Queen's University. He is a Professional Geologist with over 25 years experience.

Most recently Marc served as President and CEO of Grayd Resource Corporation. During his eight years as CEO of Grayd, Mr. Prefontaine assembled the land package in Mexico that ultimately became the La India Project. He and his geological team made two gold discoveries. During his tenure Grayd grew from a small exploration company with a market capitalization of $5 million to a successful development-stage company culminating with its 2011 acquisition by Agnico Eagle Mines for $275 million.

President, Arturo Préstamo states "We are very pleased to welcome Mr. Prefontaine to the Board and are confident his knowledge and experience in the Mexican mining industry will help us advance our projects going forward. Mr. Prefontaine will be a key contributor to the growth of Santacruz."

In connection with this appointment the Company has authorized the grant of 800,000 stock options to Mr. Prefontaine at a price of $0.90 per share. These options are exercisable for a five-year period.

About Santacruz Silver Mining Ltd.

Santacruz Silver is focused on three advanced stage silver projects in Mexico with a corporate objective to reach production by first quarter 2013. The Company aims to become a mid-tier silver producer in Mexico.

'signed'

Arturo Prestamo Elizondo,
President, Chief Executive Officer and Director

For further information please contact:

Neil MacRae
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (604) 569-1609

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Roulston says why to buy Santacruz Silver

Lawrence Roulston, in the July 18, 2012, edition of Resource Opportunities, tells readers why to buy Santacruz Silver Mining Ltd., recently 85 cents. This is the first time he has recommended the stock. Santacruz holds the San Felipe, Gavilanes and Rosario silver mines in Mexico. It expects to start production at Rosario within six months, aiming for 600,000 ounces of silver equivalent in the first year and two million ounces by the third. San Felipe has a historical resource of four million tonnes at 78 grams per tonne silver. Santacruz is buying the property for $4-million, of which $2-million has been paid, and it expects annual production of at least three million ounces silver equivalent starting in 2014. At Gavilanes, drilling this year is intended to double the 17-million-ounce historical resource. The project's ultimate potential is estimated at 100 million ounces, a "realistic projection" in Mr. Roulston's view. The writer says Santacruz, as a relatively new public company (it started trading last April), has so far garnered little investor attention. With production set to start in six months, as well as the possibility of a multimillion-ounce production level, the company "offers tremendous upside potential."
Hier der gesamte Artikel:

Santacruz Silver Mining
(SCZ-TSXV)

The following editorial is extracted from the July 2012-1 Issue

Initiating Coverage

Santacruz is less than six months from the start
of production on its first Mexican silver mine.
Two other advanced-stage projects are also on
track for near-term production, supporting a
production target of 5 million ounces per year
within 3 to 4 years.
The company began trading as a public company
in April, when they completed a $20 million
private placement at C$0.90 per share (no
warrants). The private group that vended in the
assets participated in that financing for more
than $2 million, after having spent $7 million
on the three projects.
Santacruz is led by Arturo Prestamo, a Mexican
national with business training and considerable
experience in the mining industry in
Mexico. The chief operating officer is Francisco
Ramos, a mining engineer who was one
of the co-founders of Great Panther Silver
(GPT-T), a successful Mexican silver miner.
Other directors bring extensive experience in
mining and finance, both globally and in Mexico.
The first mine development project, Rosario, is
located in a historic mining district in the state
of San Luis Potosi. Two parallel veins host an
inferred resource of 6 million ounces of silver
(1.03 million tonnes at 190 grams per tonne,
1.1 g/t gold and four percent zinc plus lead).
The veins remain wide open to depth and laterally,
with surface samples and drilling pointing
to the potential for a multiple of the resource
outlined to date.
Santa Cruz is developing a ramp that will go
down between the two veins. That geometry
will provide for highly efficient mine development,
as both veins can be accessed from the
same development.
Santacruz has purchased a 500 tonne per day
mill and is in the process of re-assembling the
mill at the mine site. They plan to begin mining
the veins at surface as they advance the underground
development. The official forecast is
for 660,000 ounces of silver equivalent in the
first year, rising to about 2 million ounces in
the third year. Management is confident that
they will at least achieve those figures and are
already planning a mill expansion that could
further boost the production level.
The San Felipe project is in Sonora state in
northwest Mexico. The property is optioned
from Hochschild, a London-listed mining company.
Hochschild focused on the Ventana vein,
a wide poly-metallic vein. They evaluated the
project with the objective of a 5000 tonne per
day operation, which turned out to be overly
optimistic. Santa Cruz management envisions a
1500 tpd operation, exploiting the Ventana and
several other veins on the property. Those other
veins, being narrower, were ignored by the previous
operator in the quest for a high volume
operation. Those narrow veins carry high silver
grades and are therefore of great interest to
Santacruz.
The historic resource, mostly on the Ventana
vein, is 4 million tonnes at 78 g/t silver, 9.2
percent zinc plus lead and 0.3 percent copper.
The project is in the heart of a prolific mining
region, offering excellent infrastructure for
mine development. Santa Cruz is buying the
San Felipe project for $40 million, of which $2
million has been paid. The balance is due in
April 2013.
There is sufficient underground development
on the Ventana vein and some of the other
veins to begin mining almost immediately. The
company first needs to construct a mill and for
that they need about $40 million of financing.
Before raising further money, the company has
elected to get the first mine into production.
Growing investor awareness of this new company
and advancement of that mine toward
production, with an improving market for jun-
junior
resource companies should see the next financing
at a significantly higher price.
Management expects production by the end of
2014, initially at 3 million ounces per year of
silver equivalent, growing to 5 million ounces
per year at full production.
The third silver project, Gavilanes, is in Durango
state, located along a mineralized trend
that hosts two world class deposits. Drilling
this year is intended to confirm the historic resource
of 1.2 million tonnes at 420 g/t silver
(17 million ounces). The mine produced silver
in the 1980s.
A 475 meter adit (tunnel) already in place provides
access to the mineralized zones on the
main vein. At least six other veins have been
identified on the property, with a cumulative
length of five kilometers. In addition to the
veins, silver with values to 240 g/t is hosted in
a 1 to 2 meter wide dyke that parallels the main
vein. Silver is also hosted in skarns and stockworks
distinct from the veins, demonstrating
the rich endowment of silver in the system and
offering further potential for resource growth.
Drilling this year is intended to confirm and
then more than double the historic 17 million
ounce resource by year end. Management believes
the ultimate potential is 100 million
ounces, a realistic projection given the results
to date and the geological setting.
Santacruz, as a new public company, has so far
gained little investor recognition. With silver
production imminent, and a clear path to a
multi-million ounce production level, Santacruz
offers tremendous upside potential.

Price July 18, 2012: C$0.85
Shares Outstanding: 67 million
Shares Fully Diluted: 74 million
Market Cap: C$56.9 million
Contact: Investor Relations
604-569-1609
www.santacruzsilver.com

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