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  • Three mining concessions extending over 1431 hectares
  • Historic gold, silver-lead-zinc and mercury producing mines in area
  • Easy road access from Queretaro City (three-hour drive)
  • 2021 First-stage exploration program planned for the El Ruso Property will be the first modern mineral exploration within the area


The Three Amigos Project is comprised of three mining concessions – El Ruso, Ysabela and Camila – located near the northern boundary between the States of Guanajuato and Queretaro in central Mexico. All three properties are in close proximity of historic gold, silver-lead-zinc and mercury producing mines. The properties can be easily accessed by roads from Guanajuato and Queretaro. A first-stage exploration program is planned for the El Ruso property in 2021 to identify drill targets.




The El Ruso Property covers 493 hectares of mineral claims and is located in the northwest of the State of Guanajuanto, Mexico. Developed roads allow the property to be easily accessed within three-hours from Queretaro City. Adjacent to the El Ruso property are historic gold, silver and mercury mines and prospecting pits - including the El Nacimiento skarn deposit; no historical records are available. Guanajuato Silver’s 2021 first-stage exploration program will be the first modern mineral exploration in the area. The exploration program will include:

  • Rapid screening of the El Ruso concession using conventional reconnaissance exploration techniques
  • Location, mapping and sampling of old mines and workings within the property
  • Acquisition of adjacent concessions encompassing old mine sites
  • Identifying drill targets within six-to-nine month


The Ysabela and Camila properties cover 438 and 500 hectares, respectively, and are located in an old silver-lead-zinc mining camp in the Sierra Madre Oriental mountain range, straddling the northern border between the Mexican States of Guanajuato and Queretaro. The Ysabela property is located close the town of Rio Blanco in the northwestern margin of the State of Guanajuato, where there is active artisanal mining of mercury by locals. Whereas, the Camila property is located on the northeastern edge of the Queretaro mining region, which historically was a significant producer of Au and Ag in the 1800’s. Accordingly, abandoned silver-lead-zinc and gold mines are located in the vicinity of the two concessions; such as the Guadalupe, Santa Ana, and Golden Cave mines. These mines operated intermittently from the late 1800’s to late 1900’s, however, there are no historical records.


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GSilver is a mining development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is focused on the refurbishment and swift re-commencement of production from its El Cubo mine and mill and its nearby El Pinguico project, as well as the delineation of additional silver and gold resources through underground and surface drilling. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.