As Global Demand Increases, Mexico's Silver Production Jumped This Year Becoming One of the Top Silver Producers - Seite 3

Aeromagnetic and ZTEM surveys show that Pluton, Platosa and the Ojuela-Mapimi district lie in close proximity to a 25 km x 10 km area of intrusions which do not outcrop. The aeromagnetic and ZTEM results along with geochemical and IP surveys identified five targets and resulted in a 3900m nine-hole diamond drill program in 2011. All holes encountered silver-lead-zinc mineralization in veins in an altered shale (hornfels) that overlies the carbonate horizon which host the along strike extension of the Ojuela mine. None of the holes were drilled deep enough to intersect carbonate rocks. The vein mineralization discovered is interpreted as leakage into the nonreactive shale-hornfels and is potentially connected to mineralized bodies in the carbonate rocks below. The high-grade target of silver-rich massive sulfides could lie at the contact of the limestone and the downward projection of the mineralized fractures seen in the hornfels. An ancillary advantage to the district is that the Peñoles Torreon smelter is only 50km away, and transport and power infrastructure is excellent.   CONTINUED…  Read this full release for Nepra Foods at:  https://www.financialnewsmedia.com/news-svtn/ 

Other recent mining developments in the markets of note include:

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) recently announced that total production in the second quarter of 2021 from the Company's four producing operations, the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the recently acquired Jerritt Canyon Gold Mine, reached 6.4 million silver equivalent ounces consisting of 3.3 million ounces of silver and 46,545 ounces of gold. The Company's financial results for the second quarter of 2021 are scheduled to be released on Monday, August 16, 2021.

SECOND QUARTER HIGHLIGHTS WERE: Total Production: The Company produced 6.4 million silver equivalent ounces consisting of 3.3 million ounces of silver and 46,545 ounces of gold, representing an increase of 13% and 95%, respectively, compared to the previous quarter primarily due to a 14% increase in silver equivalent production from the three operating Mexican mines and the inclusion of production from the Jerritt Canyon operation effective April 30, 2021.