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First Majestic Silver Corp.
Summary
| Project: | San Martin | |
|---|---|---|
| Deposit: | San Martin | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| 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 San Martin deposit at the San Martin project. Technical Report include updated Mineral Resource and Ore Reserve. This technical report (the Report) was prepared by Firs | |
| Resources: | (Reserve, P+P): 2.280Mt @ 205g/t Ag, 0.29g/t Au for 16.1721Moz AgEq. contained at project | |
| CP/QP: | [Resources]: Jesus M. Velador Beltran (Internal) | |
| ABSTRACT: | This technical report (the Report) was prepared by First Majestic Silver Corp. (FMS) to provide updated Mineral Resource, Mineral Reserve estimates and updated information on mine and process planning for the San Martín Silver Mine (San Martín or the Project). The operating entity is FMS’s indirectly whollyowned subsidiary Minera El Pilón, S.A. de C.V. FMS is a publicly listed company incorporated in Canada and headquartered in Vancouver, BC, with limited liability under the legislation of the Province of British Columbia. The Company is in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. San Martín is located next to the town of San Martín de Bolaños, about 250 km north of Guadalajara city in Jalisco State, Mexico (Figure 2-1). San Martín comprises a mining complex with two underground mines (Zuloaga and Rosario), one 1,300-tpd processing plant, and one tailings storage facility. Reports and documents listed in the References section were used to support the preparation of the Report. Specialist input from other disciplines, including legal, process, geology, geotechnical, hydrological and financial, was sought to support the preparation of the Report. For the purposes of this Report, all information, data, and figures contained or used in its compilation have been provided by FMS unless otherwise stated. | |
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