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Guanajuato Silver Reports Increased Production in Q2
6 th Consecutive Quarter of Record Production VANCOUVER, BC / ACCESSWIRE / July 14, 2023 / ...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Reports Increased Production in Q26th Consecutive Quarter of Record ProductionVANCOUVER, BC / ACCESSWIRE / July 14, 2023 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce consolidated production results for the three months ended June 30, 2023. Production results are generated from the Company's wholly owned El Cubo Mines Complex (\"El Cubo\"), Valenciana Mines Complex (\"VMC\"), and San Ignacio Mine (\"San Ignacio\") in Guanajuato, Mexico, and the Topia Mine (\"Topia\") in Durango, Mexico.Q2 2023 Production HighlightsRecord production during the quarter of 941,338 silver-equivalent ounces (\"AgEq\") derived from 477,650 ounces of silver; 4,719 ounces of gold; 875,802 pounds of lead; and 897,258 pounds of zinc.The development of the El Condor Tunnel Project at the Topia mine has accessed the Argentina vein in an area that previous operators had not reached; the new tunnel opens up the potential for additional mineralized material that would sit in close proximity to the mill. The Argentina vein is the most important producing vein system in the district and has been the primary structure mined at Topia for the past 40 years. The nearby Santa Cruz vein was also accessed with the El Condor tunnel, and both veins are currently being drilled with results being collected and analyzed.Underground hydraulic fill tailings system successfully realized at the VMC; tailings material continues to be deposited underground in one of the numerous voids that have been created over Valenciana's 450-year mining history.The Cata Shaft at VMC is now fully integrated into mining operations; for the month of June, over 5,000 tonnes of mineralized material were hoisted to surface through this shaft. The shaft, together with a new underground locomotive system, has reduced haulage costs from the lower levels and reduced the wear and tear on trucks, tires, and ramps.The recovery of high-grade mine pillars has now begun at VMC and this program of pillar extraction is expected to grow over the coming months (see GSilver news release dated July 11, 2023 - \"Guanajuato Silver Targets High-Grade Pillars at the Valenciana Mines Complex\").James Anderson, Chairman & CEO, said, \"We are proud to announce our sixth consecutive quarter of increased precious metals pr...