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First Majestic Silver Corp.
Summary
| Project: | La Parrilla | |
|---|---|---|
| Deposit: | La Parrilla | |
| Location: | Mexico | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 12/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-12-2017: First Majestic Silver Corp. announces a Resource Estimation report for its La Parrilla deposit at the La Parrilla project. Technical Report including an updated Mineral Resource and Ore Reserve. The La Parrilla Silver Mine is an operating poly | |
| Resources: | (Reserve, P+P): 1.477Mt @ 179g/t Ag, 0.05g/t Au, 0.93% Pb, 0.80% Zn at project | |
| CP/QP: | [Resources]: Jesus M. Velador Beltran (Internal) | |
| ABSTRACT: | The La Parrilla Silver Mine is an operating polymetallic silver mine located in Mexico’s Durango state. It is located 76 km southeast of Durango near the town of San José de La Parrilla. The mine is 100% owned by First Majestic Silver Corp. (FMS). FMS is currently mining underground from a number of deposits. The Rosarios, Intermedia and San Marcos deposits constitute the main underground mine as these deposits are located along the same structure, are connected together, and share common infrastructure. A second underground mine consists of the various Quebradillas deposits and of the San Nicolas deposit which is accessed from Quebradillas. The Quebradillas deposit had also been mined by open pit with some remnants still remaining to be mined. In June 2016, FMS commissioned SRK Consulting (Canada) Inc. (SRK) to visit the property and assist in preparing a geological and mineral resource model for the Rosarios, Intermedia and San Marcos deposits at the La Parrilla Silver Mine. SRK was also commissioned to assist in preparing a mineral reserve estimate to support ongoing mining operations on the same deposits. The services were rendered over a period of 15 months between July 2016 and October 2017, leading to the preparation and update of the mineral resource and mineral reserve statements reported herein and updated information on mining operations and processing plant for the La Parrilla Silver Mine. This technical report was compiled jointly by FMS and SRK. | |
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