Santacruz Silver Mining Ltd. (TSXV: SCZ) has announced its National Instrument 43-101 – Standards of Disclosure for Mineral Projects compliant mineral resource and reserve estimates for its three Bolivian producing assets: the Bolivar mine, Porco mine, and Caballo Blanco Group of mines, and the Soracaya exploration project, also located in Bolivia.
Arturo Préstamo, executive chairman, and CEO of Santacruz, commented, “This marks a noteworthy milestone for Santacruz as we continue to build a mid-tier silver and base metals company. The verified mineral resources and reserves underscore our solid asset base. It is important to note that our Bolivian producing mines are open along strike and at depth, and with our ongoing exploration programme, we believe there is potential to grow the current mineral resources and reserves.”
Highlights include:
- Total proven and probable mineral reserves of 54M AgEq including 19Moz of silver and 259,000t of zinc
- Total measured and indicated resources of 102M silver equivalent ounces including 32Moz of silver and 518,000t of zinc
- Total inferred resources at the Bolivian Producing Mines of 189M AgEq oz including 72Moz of silver and 882,000t of zinc
- Initial inferred resource for Soracaya of 35Moz of silver
The mineral resources and reserves for the Bolivian producing mines were prepared on behalf of the company by JDS Energy & Mining Inc., an international firm specializing in mineral resource evaluation and development, and the mineral resource for Soracaya was prepared on behalf of the company by Kirkham Geosystems Ltd.
The effective date of all the technical reports is 1 January 2024, the technical reports for the Bolivian producing mines have been filed on www.sedarplus.ca, and the Soracaya technical report will be filed on www.sedarplus.ca within 45 days.
To find out more, please visit www.santacruzsilver.com
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