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Zacatecas Silver Annual Letter to Shareholders
VANCOUVER, BC, Dec. 22, 2022 /CNW/ - Zacatecas Silver Corp. ("Zacatecas" or the "Company") (TSXV: ZAC) (OTC: ZCTSF) (Frankfurt: 7TV) is pleased to provide a sum
About this update from Zacatecas Silver Corp.
[{"type":"text","content":" VANCOUVER, BC, Dec. 22, 2022 /CNW/ - Zacatecas Silver Corp. (\"Zacatecas\" or the \"Company\") (TSXV: ZAC) (OTC: ZCTSF) (Frankfurt: 7TV) is pleased to provide a summary of its 2022 progress on its gold and silver projects, both located in Mexico. Esperanza Gold Project Highlights: Completion of an initial Mineral Resource Estimate (\"MRE\") at the Esperanza Gold Project outlining a high grade oxide gold deposit with significant exploration potential. Pre-Feasibility Study (\"PFS\") now underway to support high margin, high grade, low capex and low cost production aspects of the Esperanza Gold Project. Multiple community programs continue to function and grow, including projects relating to health, education, and environment. Zacatecas Silver Project Highlights: In early 2022, the Company filed a National Instrument 43-101 Technical Report to support its initial MRE on the Panuco Vein located within the Zacatecas Silver Project. After filing the MRE, the Company reported multiple high grade silver intercepts from drilling in an area north of the resource, named Panuco North, and in an area of the property named El Cristo, which is an extension of the prolific Veta Grande Silver Vein on the Zacatecas Silver Property. Zacatecas has had a very active 2022 at the Company's silver project (Zacatecas Silver Project, Zacatecas, Mexico), the gold project (Esperanza Gold Project, Morelos, Mexico) and corporately. The targets met and exceeded this year set the Company up for a transformative 2023. Esperanza Gold Project The Esperanza Gold Project is an advanced stage, attractive low cost, low capital intensity and low technical risk growth project located in Morelos state, Mexico. The Company announced a MRE at Esperanza consisting of a Measured and Indicated Mineral Resource Estimate of 30.5 million tonnes at 0.97 g/t AuEq for 956 thousand ounces AuEq and an Inferred Mineral Resource estimate of 8.7 million tonnes at 0.98 g/t AuEq for 277 thousand ounces AuEq. (see news release dated November 16, 2022). This high grade oxide gold resource is the foundation for a PFS now underway to support the high margin, high-grade, low capex and low cost production aspects of the Esperanza Gold Project. Palaris Ltd. (\"Palaris\") is engaged to lead a PFS of the Esperanza Gold Project in Mexico. Palaris is an established mining ...