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Santacruz Silver Mining Ltd.
Summary
| Project: | San Felipe | |
|---|---|---|
| Deposit: | San Felipe | |
| Location: | Mexico | |
| Commodities: | Silver-Lead-Zinc-Copper | |
| Date: | 7/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 8-7-2016: Santacruz Silver Mining Ltd. announces a PEA report for its San Felipe deposit at the San Felipe project. Amended PEA results incl. pre-tax NPV (8%) of 86.1M, IRR of 60.6%, 1.6 year payback. This amended report addresses issues identified by the | |
| Resources: | ||
| CP/QP: | [Resources]: Gary Giroux (Giroux Consultants Ltd.) | |
| ABSTRACT: | This amended report addresses issues identified by the British Columbia Securities Commission with the original report that has an effective date of Sept 4, 2014. This amended report does not include any new data or other inputs and there are no material changes to any interpretations, results or conclusions. The purpose of this report is to provide an independent assessment of the San Felipe Project and, in particular, to provide an independent mineral resource estimate and a preliminary economic assessment (PEA) for the project. San Felipe is a mineral exploration project located in Sonora State, Mexico that is being explored for silver, lead, zinc and copper mineralization. The project is owned by Impulsora Minera Santacruz, S.A. de C.V, a wholly owned subsidiary of Santacruz Silver Mining Ltd (“Santacruz”), a public company trading on the TSX Venture exchange under the symbol SCZ. This report includes information gathered by Santacruz as well as by previous operators of the project, Minera Hochschild Mexico, S.A. de C.V. ("Hochschild") and Boliden Mexico S.A. de C.V. (“Boliden”). Santacruz commissioned Hans Smit, P. Geo. of Hans Smit, P. Geo. Inc. (“Smit”), and Fletcher Bourke, P. Geo. of Kuu Exploration Ltd. (“Bourke”), to review the project, develop a geological model for the area drilled, and facilitate completion of a resource estimate and a PEA. Santacruz commissioned Gary Giroux, P. Eng. of Giroux Consulting Ltd. (“Giroux”), to estimate the resources for the project based upon the geologic and mineralized domain model created by Smit and Bourke. Deepak Malhotra, Registered SME Member and President of Resource Development Inc., (“Malhotra”) was commissioned to complete the metallurgy and milling components of the PEA. JDS Energy & Mining Inc, under the direction of Greg Blaylock, P. Eng. was commissioned to complete the mine plan and mining parts of the PEA. Mark Smith, P.E. of RRD International Corp was commissioned to do a prelimnary design and cost estimate for a tailings storage facility and provide recommendations for further studies in regards to talings storage. | |
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