- Historically the highest-grade silver mine in the region.
- Pinguico Mines Co. was listed on the New York Stock Exchange.
- Pinguico operated from 1890 to 1913; operations ceased due to the Mexican Revolution.
- Only 8km (5 miles) from El Cubo.
- Above and below-ground stockpiles will be transported to El Cubo for processing.
Above ground stockpile is only 5 miles from El Cubo. Mineralized material from Pinguico can be easily transported to the El Cubo Mill for processing.
Mineral Resources (Underground Stockpile Only) | ||||||
|
Tonnes | Ag(g/t) | Ag(oz) | Au(g/t) | Au(oz) | AgEq(oz) |
Total Indicated | 25,600 | 166 | 136,000 | 1.67 | 1,357 | 300 |
Source: For additional details refer to the technical report dated April 17, 2024 (effective date December 31, 2023) titled “Technical Report – El Cubo/El Pinguico Silver Gold Complex Project, State of Guanajuato, Mexico” available on SEDAR+.
- Silver Equivalent calculated using 80:1 Ag:Au ratio.
- Numbers have been rounded.
- Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. There is no certainty that all or part of the Mineral Resources estimated will be converted into Mineral Reserves.
The primary geological structure in the area is the Veta Madre; this is a large multi-pulse system that is responsible for several prolific silver-gold mines along its trend. Where the Veta Madre collides with the Pinguico system is a potential “Game Changing” drill target.