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Santacruz Silver Announces a Long Term Agreement to Explore and Mine the Veta Grande and Minillas mineral properties, located in the State of Zacatecas, Mexico
Santacruz Silver Announces a Long Term Agreement to Explore and Mine the Veta Grande and M...
About this update from Santacruz Silver Mining Ltd.
[{"type":"text","content":"\n\n\n\nSantacruz Silver Announces a Long Term Agreement to Explore and Mine the Veta Grande and Minillas mineral properties, located in the State of Zacatecas, Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSantacruz Silver Announces a Long Term Agreement to Explore and Mine the Veta Grande and Minillas mineral properties, located in the State of Zacatecas, Mexico\nCanada NewsWire\nVANCOUVER, Nov. 2, 2015\n\n\n\n\n\n\nTSX.V: SCZFSE: 1SZOTCQX: SZSMF  \n\n\n\nVANCOUVER, Nov. 2, 2015 /CNW/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the \"Company\" or \"Santacruz\") is pleased to announce that it has entered into a definitive agreement with Minera Contracuña I, S.A. de C.V. and Vetalinda Compania Minera, S.A. de C.V. (together \"Contracuña\"), pursuant to which Contracuña has granted Santacruz the right for thirty years to explore, mine and operate Contracuna's Veta Grande and Minillas silver-gold-zinc-lead mineral properties which cover approximately 1,100 hectares within the State of Zacatecas, in central Mexico.\n\nOperational Highlights of the Agreement\n\n\nAccess to additional mineralization feed for the Rosario Mine milling facility to take advantage of unused capacity and realize immediate increased cash flow to the Company. \nSynergistic distance of 180 kms between Rosario Mine and Contracuña properties which will allow for future streamlining of operating and management functions. \nAccess to a 500 tpd fully permitted operational mill, which requires minor adjustments including two additional flotation cells and additional pipe systems to produce both lead and zinc concentrates (currently producing a single bulk concentrate). \nOperations located in one of Mexico´s most prolific silver, lead, zinc and copper regions in Mexico, which includes the Fresnillo Silver Mine, the Madero Mine (operated by Peñoles) and the Cozamin Mine operated by Capstone Mining Corporation. The Contracuña historical records indicate that the properties consist of extensive vein systems that average 4 to 4.5 metres in width wi...