Santacruz Silver Mining (TSXV:SCZ) announced the results of its resource estimate for the Panuco silver deposit in Zacatecas, Mexico: Inferred mineral resource of 16,342,456 AgEq ounces grading 192.40 g/t AgEq, with veins open along strike and down dip.
As quoted in the press release:
Highlights of the mineral resource estimate are as follows:
- Inferred mineral resource of 16,342,456 AgEq ounces grading 192.40 g/t AgEq;
- Panuco resource sits outside of currently mined areas of the Veta Grande and La Cantera vein systems and is the first indication of mineral resource growth potential in the Veta Grande project area;
- The veins are open along strike and down dip, providing numerous drill targets to further clarify resource potential;
- Drill program recommended to continue to explore and expand the resource base;
- The Panuco deposit is a low sulfidation (silver-gold, Â±lead-zinc) vein system comprised of three vein structures: Panuco Central vein, Panuco NW vein and Tres Cruces vein. The mineral resource estimate encompasses all three vein structures and includes mineralization defined by trenching and drilling over a strike distance of 2.4 km.