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Guanajuato Silver Provides New Mineral Resource Estimate for the San Ignacio Mine
~ Measured & Indicated AgEq Resource increases by 130%; Inferred by 283% ~ VANCOUVER, BC /...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Provides New Mineral Resource Estimate for the San Ignacio Mine ~ Measured & Indicated AgEq Resource increases by 130%; Inferred by 283% ~VANCOUVER, BC / ACCESSWIRE / September 27, 2023 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) announces that as part of a scheduled program to update GSilver's NI 43-101 technical reports and resource estimates for all of its producing mines in Mexico, the Company is presenting a new mineral resource estimate (the \"2023 MRE\") for GSilver's 100% owned San Ignacio mine located in Guanajuato, Mexico. The 2023 MRE was prepared by APEX Geoscience Ltd. (\"APEX\"), with an effective date of September 21, 2023. The resource update report will be filed under the company's SEDAR+ profile within 45 days of this news release, in accordance with disclosure and reporting requirement set forth in the National Instrument 43-101 (\"NI 43-101\"). The 2023 MRE supersedes the historical mineral resource estimate for the San Ignacio mine, disclosed previously by the Company in the technical report entitled \"Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico\" with an effective date of April 30, 2022i .James Anderson, Chairman and CEO, said, \"The significant increase in the San Ignacio mineral resource across all categories can be attributed to the exceptional work on the part of our Mexican exploration teams; their efforts over the past year have expanded our understanding of the mineralized systems in place at San Ignacio while returning consistently high-grade results, some of which are highlighted below, that have led to an increase of 130% in the measured & indicated category and 283% in the inferred category.\"Mr. Anderson added, \"With this new resource estimate for San Ignacio, we are advancing the important work of upgrading all of our resource estimates for our four producing silver mines in Mexico. Because of the rapid pace of Guanajuato Silver's growth through our mine acquisition strategy, all of our mineral resources were originally categorized as historical. In June of this year, we presented a new Preliminary Economic Assessment for our El Cubo Mines Complex (see Guanajuato Silver news release dated June 26, 2023 - Guanajuato Silver Provides Updated PEA for the El Cubo Mines Complex); upgrading al...