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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Comment by DrBill1on Sep 23, 2012 2:56pm
179 Views
Post# 20404508

RE: RE: RE: RE: RE: RE: RE: Who is keeping the sp

RE: RE: RE: RE: RE: RE: RE: Who is keeping the sp

petersb, respect your opinion generally on jurisdiction.  Personally, I restrict my PM investments to N.A, but including Mexico.  IMO Mexico is no Peru or Bolivia.  Until quite recently they were, in effect, nationalistic.  However, when Mexican leaders realized it was not working, the country about ten years ago was opened to investment.  From what I read they are quite satisfied with the improvement in their economy as a result of this change.  You may want to re-look at Mexico as a mining venue sometime.

I especially like AUN because of the Shafter mine in Texas.  As you know it will be commissioned in the 4th Q. An interesting item is the mine plan had to be redrawn because of the significant (not known until this year) deep width & depth of the silver resource.  And, furthermore Mr. Lenic R. their CEO has noted several times over the last 3 or 4 months that they found the silver at Shafter has been "contaminated" with gold.  In one case they found 11% contamination.  I expect we will hear more about the gold "contamination".  Shafter may very well be a silver & gold mine.

For more info you may wish to review some of the CEO presentations posted at the Aurcana site as well as several others on YouTube.

Regards,

DrBill

 

 

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