Oleblue
1 year ago
Guanajuato Silver Initiates Processing of Mineralized Material from El Horcon Mine
MexicoFollowTSX.V: GSVRWebsite
Mr. James Anderson reports:
VANCOUVER, BC / ACCESSWIRE / November 27, 2023 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR) (OTCQX:GSVRF) is pleased to announce the commencement of development work and the processing of mineralized material from an existing stockpile at its 100% owned El Horcon mine ("Horcon") located approximately 60km NW of Guanajuato, Mexico.
James Anderson, Chairman & CEO said, "The past producing El Horcon mine is ideally situated to become a satellite mining operation that could significantly expand Guanajuato Silver's production profile. The El Horcon mine fits well within our strategy of further consolidating the Guanajuato mining district as we look to take advantage of the excess processing capacity of our two operating mills in the area. In addition to being able to immediately access low-cost mineralized material from the existing stockpile, we are confident that the development programs we have planned for 2024 will add value to El Horcon and allow us to rapidly advance this exciting project."
Junior Mining Network
Starting in Mid-November, thus far the Company has shipped and processed 350 tonnes of material on a trial basis from the historical stockpile. Head grades from different batches of this material were approximately 30-50 gpt Ag and 1.6 to 3.0 gpt Au. Initial processing runs gave recoveries of approximately 70% for Ag and 82% for Au. Note: this first batch of material was taken from a higher grade area of the stockpile; future shipments are likely to be of somewhat lower grades. The Horcon stockpile is expected to add approximately 4,000 tonnes of mineralized material per month over a six-to-ten-month period. Metallurgical testing of the mineralized material at Horcon has been demonstrated compatible with the Cata mill processing circuit and is currently being blended with mineralized production from the Valenciana Mines Complex ("VMC").
In other development work, the Company earlier re-assayed previous core samples, and conducted an extensive mapping and sampling program in advance of a diamond drill exploration program that is scheduled to commence in Q2, 2024.
Acquired as part of the purchase of Great Panther's Mexican assets (see GSilver's news release dated August 4, 2022 - GSilver Closes Acquisition of Great Panther's Mexican Mining Assets), the El Horcon mining concessions cover 7,908 hectares comprising 17 contiguous mining concessions located approximately 60km to the northwest of the VMC. Mineralization at El Horcon is dominated by the regional extension of the prolific Veta Madre vein system and consists of numerous quartz-dominated gold-silver bearing veins; mineralization at El Horcon also contains significant lead and zinc values. The El Horcon mine is a past producer dating back to the 16th century, and several underground workings, tunnels, and access points are known to exist. In 2017, the previous operator established a historical inferred mineral resource that was prepared in accordance with National Instrument 43-101 of 2.0 million silver-equivalent ounces ("AgEq") (see notes to table for silver-equivalent calculations) from 162,140 tonnes grading 3.44g/t gold, 76 g/t silver and 2.69% lead, and 3.79% zinc based on 42 drill holes and 463 underground channel samples (see table and description below - the inferred mineral resource is considered historical in nature).
Junior Mining Network
See NI43-101 Technical Report on the Guanajuato Mine Complex Claims and Mineral Resource Estimations for the Guanajuato Mine, San Ignacio Mine and El Horcon and Santa Rosa Projects dated February 20, 2017 with an effective date of August 31, 2016; prepared for Great Panther Silver Limited by Robert Brown, P. Eng. Qualified Person & VP Exploration.
Notes:
US$110/tonne NSR Cut-off
Silver equivalent was calculated using a 70.6 to 1 ratio of silver to gold value.
Rock Density for all veins for Diamantillo is 2.77t/m³, San Guillermo 2.78t/m³, Diamantillo HW is 2.62t/m³, Natividad 2.57t/m³.
Totals may not agree due to rounding.
Grades in metric units
Contained silver and gold in troy ounces
Minimum true width 1.5m
Metal Prices $18.00USD/oz silver, and $1,300USD/oz gold, and $0.80USD/lb lead.
Ag eq (g/t) and AgEq (oz) use only Au, Ag, and Pb values.
The El Horcon mineral resource estimate is a historical estimate and the reader is cautioned not to treat them, or any part of them, as a current resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources or mineral reserves. The mineral resource is taken from a Great Panther technical report dated February 20, 2017. However, based on the assumptions, parameters and methods in the prior technical report, as well as literature and data review the Company considers such estimate to be relevant and reliable and provides an indication of the extent of mineralization identified by previous operators at the El Horcon Mine. To verify the historical mineral resource estimate as a current mineral resource, a qualified person would need to complete database validation, undertake a full review of estimation parameters and procedures, and complete an updated mineral resource estimate and a NI 43-101 technical report incorporating additional production, drilling, sampling and resaying of core completed at El Horcon since February 2017.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1961-tsx-venture/gsvr/151840-guanajuato-silver-initiates-processing-of-mineralized-material-from-el-horcon-mine.html?utm_source=newsletter_1758&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y
MasstrichtMan
2 years ago
Now below $18 - but good update -
Integration of New Mining Assets Advancing Ahead of Schedule
VANCOUVER, BC / ACCESSWIRE / September 1, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide an operations update detailing the integration of the El Cubo mine and milling complex with the recently acquired Mexican mining assets of Minera Mexicana El Rosario S.A. de C.V. ("MMR") from Great Panther Mining Limited ("Great Panther"), comprising the Topia Mine in the State of Durango, and the San Ignacio Mine and the Valenciana Mines Complex ("VMC") in the state of Guanajuato.
James Anderson, Chairman and CEO of Guanajuato Silver, said, "With mining operations well underway at both Topia and San Ignacio, the integration of our newly acquired mines from Great Panther is considerably ahead of schedule. Our ability to transition the San Ignacio Mine rapidly and professionally from care & maintenance back to production is demonstrative of the technical acumen of our Mexican operations teams."
Whole release here - https://www.accesswire.com/714270/Guanajuato-Silver-Provides-Operations-Update
MasstrichtMan
3 years ago
Guanajuato produces approx. 238,000oz AgEq in Nov.-Dec.
2022-02-03 12:07 ET - News Release
Mr. James Anderson reports
GSILVER PROVIDES 2021 PRODUCTION SUMMARY
Guanajuato Silver Company Ltd. has released selected 2021 production and exploration highlights.
2021 highlights:
Approximately 238,000 AgEq ounces produced during November and December 2021;199,500 AgEq ounces sold during the same period.
With first concentrate sales in late October, 2021 revenue to December 31, 2021 totaled approximately US$4.1M.
A total of 76,000 tonnes mined from different locations at El Cubo and the El Pinguico above ground stockpile.
Material processed at the El Cubo mill reached a high of 33,000 tonnes during the month of December.
6,796 meters of exploration drilling completed at combined El Cubo/El Pinguico operation.
The Santa Cecilia area commenced production in December, joining Villalpando and El Pinguico as the Company's third source of mineralized material.
El Pinguico above ground stockpile metallurgical recoveries averaged 74% for gold and 72% for silver; silver recoveries are considerably better than the 2020 bulk sample (see the Company's news release dated June 9, 2020)
After completing the purchase of the El Cubo mining complex in April 2021, the Company has swiftly brought the mine and processing facility back into commercial production. Mining commenced at El Cubo in August 2021; the hauling of stockpiled material from the Company's nearby El Pinguico property, and the restart of crushing and milling operations at the El Cubo plant commenced in October.
Hernan Dorado, Director and COO said: "We are very pleased with the swift pace with which we have brought the combined El Cubo and El Pinguico operation back into commercial production. The ongoing ramp-up, and continual improvements of tonnes mined and processed, head grade, and metallurgical recoveries is continuing."
Current Operations:
At El Cubo, the Company is currently deriving mineralized material from the 4-1500, 1850, and 2175 stope areas of the Villalpando vein, and the San Nicolasand Soledadveins of the Santa Cecilia area of north El Cubo, while additional tonnage is being sourced from the El Pinguico above-ground stockpile. Altogether, the Company is currently treating approximately 30,000 tonnes per month through its El Cubo processing plant.
James Anderson, GSilver's Chairman and CEO, commented, "2021 was an exciting and successful year for our Company, as it marked our evolution from exploration company to silver-gold producer. As we continue meeting or exceeding our production goals, we will carry on with our steady and continuous ramp-up of operations well into 2022. We are well positioned to continue our growth strategy this year."
Additional Progress:
By the beginning of 2022, GSilver had employed over 280 full-time personnel; of which over 80% are from the Guanajuato area. More than 40 of GSilver's employees are graduates of the University of Guanajuato, and the Company has established regular bi-weekly meetings with representatives from the city of Guanajuato.
Exploration:
The Company completed exploration drilling totalling 6,796m in 2021; 4,203m at El Pinguico, and 2,593m at El Cubo. Currently the Company has three drills in operation: one at El Pinguico and two at El Cubo. The Company plans to complete over 22,000m of exploration drilling on its Guanajuato properties in 2022; further details of exact targets and timelines will be outlined in subsequent news releases.
(Underground Drilling At El Pinguico)
(Underground Drilling At El Cubo)
(Surface Drilling At El Cubo)
Hernan Dorado Smith, a director and officer of GSilver and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.
About Guanajuato Silver Company Ltd.:
GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold from its 100% owned El Cubo and El Pinguico projects, while simultaneously advancing the El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.
We seek Safe Harbor.
Zardiw
3 years ago
#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):
Production starting in Fall of 2021!! ( #DDAmanda Pick)
Website: https://gsilver.com
Tier: OTCQX
Symbol: 'Gold Silver Very Red Fox'
What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
Previous Charts: $AMC, $RSHN, $NWBO, $CYDY, $AMRN, $ENZC, $GVSI, $HCMC, $FNMA, $HPIL
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Zardiw
3 years ago
$GSVRF on EmergingGrowth.com Conference!!!:
Scroll down........
MIAMI, June 21, 2021 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 10th Emerging Growth Conference.
For the first time, Emerging Growth teams with Investors Hub, one of the top investing websites and apps providing streaming market data tools and over 30,000 message boards focused on public companies, cryptocurrencies, and more to provide the first Emerging Growth / Investors Hub Conference.
The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.
Emerging Growth
Mon, June 21, 2021, 6:00 AM
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-11.7647%
ERVFF
0.00%
FORW
-3.5921%
CBDD
-5.76%
+10
Niche Companies in Technology, Cryptocurrency & Blockchain, Biotech, Exploration and more in Attendance
MIAMI, June 21, 2021 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 10th Emerging Growth Conference.
For the first time, Emerging Growth teams with Investors Hub, one of the top investing websites and apps providing streaming market data tools and over 30,000 message boards focused on public companies, cryptocurrencies, and more to provide the first Emerging Growth / Investors Hub Conference.
The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.
Register for the conference here.
The schedule for June 23 is as follows:
(All times are Eastern Time Zone)
We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC.
9:00 – 9:30
Net Savings Link, Inc. (OTC Pink: NSAV)
Yuen Wong, Director, NSAV
Dani Garcia, Founder and CTO of VirtuaBroker
10:00 – 10:45
Liquid Avatar Technologies Inc., (OTCQB: LQAVF), (CSE: LQID)
David Lucatch, Co-Founder, President, Director
Bettina Brunnhuber, Executive Coordinator
10:45 – 11:30
Erin Ventures, Inc. (OTC Pink: ERVFF) (TSX: EV)
Tim Daniels, President & Blake Fallis, CFO
11:30 – 12:00
Foothills Exploration, Inc. (OTC: FTXP)
Kevin Sylla, Executive Chairman
12:00 – 12:30
Guanajuato Silver Co. Ltd. (OTCQX: GSVRF), (TSX: GSVR)
Mr. James Anderson Chairman, Pres & CEO
12:30 – 1:00
PHI Group, Inc. (OTC Pink: PHIL)
Henry Fahman, Chairman & CEO
1:30 – 1:30
CBD of Denver (OTC Pink: CBDD)
Marcel Gamma, CEO
1:30 – 2:00
Pressure Biosciences, Inc. (OTCQB: PBIO)
Richard T. Schumacher President, CEO
2:00 – 2:30
Cybin, Inc. (OTCQB: CLXPF)
Doug Drysdale, CEO
2:30 – 3:15
Rakovina Therapeutics Inc. (TSX-V: RKV)
Jeffrey Bacha, Executive Chairman
David Hyman, CFO
All interested in attending should visit the following link to register. You will then receive an email containing the link and time to sign into the conference.
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Zardiw
3 years ago
#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):
Production starting in Fall of 2021!! ( #DDAmanda Pick)
Website: https://gsilver.com
Tier: OTCQX
Symbol: 'Gold Silver Very Rich Finds' or 'Gold Silver Velvet Red Fox'
What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
Previous Charts: $AMC, $RSHN, $NWBO, $CYDY, $AMRN, $ENZC, $GVSI, $HCMC, $FNMA, $HPIL
z
stargazer123
3 years ago
On Tuesday the Federal Reserve said that rather than keeping rates near zero through 2024, the Fed will start raise rates to rein in inflation if it continues rising through 2022.
Since then gold and silver have been plummeting, now at $1,778 and $26.14, and this has put pressure on GSVRF, but that is expected to reverse when people realize that the Fed is saying that it will not raise rates until 2023, plus that core inflation, not counting items such as lumber, has actually started to retreat, and so it may not raise rates if inflation's rise slows down in coming months.
Zardiw
3 years ago
#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):
Symbol: Gold Silver Very Rich Finds or Gold Silver Velvet Red Fox
Production starting in Fall of 2021!!
What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
Previous Charts: $AMC, $JNSH, $NWBO, $CYDY, $AMRN, $ENZC, $GVSI, $HCMC, $FNMA, $HPIL
z
stargazer123
3 years ago
Vangold's (Guanajuato) breakeven price (after subtracting costs) is $17.20/oz for silver and $1,376/oz for gold.
Prices today Silver $27.50 = profit $10.30/oz
Gold $1,837/oz = profit $461/oz
Will start milling/selling Ag & Au from stockpiles in the 4th quarter this year (Or 1st quarter 2022.)
Surface stockpile 185,000 tons @ 67 grams/ton silver 0.45g/t gold = 398,500 oz/Ag + 2,680 oz/Au
= profit (after subtracting costs) Ag = $4,104,550 Au = $1,235,480 => $5,340,030
Underground Stockpile that has been accessed. There may be more beyond the rubble that is blocking access to further parts of the historic mine tunnels.
25,600 tons @ 166 g/ton silver (~ 2.5X more silver per ton than the weathered surface stockpile. This will be similar to the grade of silver that will be in the ore in the vein that is to be mined.) = 136,600 oz Ag = profit $1,406,980
1.67 g/ton Au (~3.75X more gold per ton than surface stockpile.) = 1,375 oz Au = profit $633,875
= total $2,040,855 Underground's stockpile
Grand total = Profit = $7,380,885 from both of the stockpiled ore's. This cash flow will most likely start in the 4th quarter this year.
Zardiw
3 years ago
VanGold Mining's new CEO, James Anderson, explains the explosive possibilities of the company. 7/27/20
VanGold can generate two years+ of steady free cash flow of $17 M to $26 M starting in about 6-9 months by monetizing historical surface and underground stockpiles of ore.
While free cash flow from harvesting stockpiles would greatly reduce the need for future equity raises, better still is the tremendous exploration and near-term production potential. High-grade ore veins in and around historical workings is low-hanging fruit that could pay off for years to come.
The head grade of 1.23 g/t Au Equivalent. on the 1,039 tonnes of surface material that was passed through the mill was almost exactly what we expected. That gives us confidence in our other grade assumptions — especially for the underground stockpile — which we believe is about three times higher than the surface stockpile, roughly 3.6 g/t Au Equivalent.
In any underground operation, even though you are mining consistent tonnage, the mining widths and grades of te vein vary. There will be times when what you are mining is mostly rock, not ore.
Miners keep a stockpile of lower-grade ore to supplement the material sent to the mill. We believe our underground stockpile is high-grade ore that never made it out of the mine when operations ended in 1913.
With regard to mining the surface stockpile, it could not be easier. A front end loader will shovel material into 20-tonne trucks for delivery to a local mill. With regard to the underground stockpile, there are several additional steps. First, we need to clear the bottom of the El Pinguico shaft and sample the bottom of the underground stockpile to see if it grades the same 3.6 g/t as the top of the stockpile.
As established by VanGold’s trenching (to NI 43-101 standards), the top of the stockpile grades about 3.6 g/t Au Eq. We plan to further establish and confirm that grade by sampling the bottom. We are carefully studying options to either refurbish the El Pinguico shaft or the Sangria adit, to 21st century safety standards, to bring the uunderground material to surface. Finally, let me emphasize this point, we need to establish a medium-term contract with a mill to process our material.
Finally, there’s a decent chance that the entire region’s blockbuster vein, the Mother Vein, passes through VanGold’s property at depth with (possibly) very wide stopes and high grades.
We are nearly certain the Veta Madre or ‘Mother Vein’ crosses our property at depth. The structure is regional in size, having a surface expression over 25-30 km. Meanwhile, we know that Fresnillo PLC mined the Veta Madre to within 250m of our property border.
As far as looking at nearby properties, we certainly have some ideas about that, but I really can’t say more at this time. There is an important balance for VanGold regarding staying focused on the work we have ahead at El Pinguico, and yet maintaining our eyes on the horizon too. We’re keenly watching for new opportunities within the 450 year old Guanajuato mining camp.
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Zardiw
3 years ago
#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):
Symbol: Gold Silver Very Rich Finds or Gold Silver Vicious Red Fox
Production starting in Fall of 2021.
What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
Previous Charts: $AMC, $JNSH, $NWBO, $CYDY, $AMRN, $ENZC, $GVSI, $HCMC, $FNMA, $HPIL
z
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