Santacruz is a Mexican silver mining company with two producing silver projects (Veta Grande and Rosario, including the Cinco Estrellas Property and Membrillo Prospect) and two exploration properties, the Minillas Property and Zacatecas Properties. The Company is managed by a technical team of professionals with proven track records in discovering, developing and operating silver mines in Mexico. Our corporate objective is to become a mid-tier silver producer.
2018 Corporate Objectives:
- Increase production at the Veta Grande Project located in Veta Grande, Zacatecas to 750 tpd and maintain production targets at the Rosario Project located in Charcas, San Luis Potosi; and
- Complete at least two phases of surface diamond drilling at the Veta Grande Project. The first phase targeted at depth below current mining operations to confirm grade and vein widths and the second phase to confirm continuity of mineralization along strike. Each phase to include approximately 6,000 metres of drilling.
The decisions to commence production at the Veta Grande Project and Rosario Project were not based on a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in compliance with National Instrument 43-101. The risks associated with this decision are set forth in the "Risk Factors" section of the Company's most recent Annual Information Form, filed on SEDAR.
Information of a scientific or technical nature herein was prepared by or under the supervision of Phu Bui (who is a qualified person as such term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects), who has reviewed and approved the contents hereof. Mr. Bui is an independent consultant to Santacruz Silver Mining Ltd.