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Guanajuato Silver Receives Key Permit at Pinguico Mine
VANCOUVER, BC / ACCESS Newswire / August 6, 2025 / Guanajuato Silver Company Ltd. (the " Compa...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Receives Key Permit at Pinguico MineVANCOUVER, BC / ACCESS Newswire / August 6, 2025 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide an update on one of the Company's key development projects within its core portfolio of Guanajuato district holdings in central Mexico. The Pinguico epithermal gold-silver vein project (\"Pinguico\"), a satellite project to the nearby El Cubo Mines Complex, has received a key development permit that allows the Company to advance this wholly owned project.HighlightsReceipt of a General Use Explosives Permit, issued by the Ministry of Defense, allows for restart of development work at Pinguico.Drifting along the mineralized San Jose vein structure towards the Pinguico underground stockpile is expected to recommence in Q4, 2025.Pinguico's historic underground stockpile represents a significant tonnage of potentially low-cost mineralized material within 10km of the Company's El Cubo processing facility. Once drill headings are established underground, the development team will shift focus to accessing and extracting additional historic mineralized backfill within the mine, which is believed to be economic in today's silver and gold price environment.Economic mineralization encountered during development work will be sent to the El Cubo plant for processing, which is expected to pay for a portion of the 2025/2026 underground development program.Previous exploration work by GSilver has returned numerous high-grade results that justify a 2026 underground exploration drilling program aimed at discovering new mineralized shoots within the multiple vein structures.Under the NYSE-listed Pinguico Mines Company, the Pinguico mine was the highest-grade gold/silver mine in the Guanajuato region from 1890 to 1913.James Anderson, Chairman & CEO, said, \"We are excited to restart work at our Pinguico mine. The timely granting of this explosives permit allows underground development to restart at what was once the Guanajuato district's highest-grade mine. This permit was obtained several months earlier than anticipated and we congratulate our permitting and government liaison teams for achieving this welcomed milestone.\"The Ministry of Defense has executed the request for a General Explosives Consumption Permit for Guanajuato Silv...