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Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SCZMF

Santacruz Silver Mining Ltd. is a Canada-based company. It is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and trading business are also in Bolivia. Bolivar Mine is located in the state of Oruro in Bolivia, and municipality of Antequera. Caballo Blanco mine consists of three separate mines and one process plant operating as one to produce Zinc and Lead concentrates. Porco mine is located in the Porco Municipality of the Antonio Quijarro Province, in the Potosi Department, Bolivia. Zimapan mine consist of 34 mining concessions covering an area of 5,139 hectares, including the prospective 337-hectare Santa Gorgonia one concession. It is seven kilometers from the municipality of Zimapan in Hidalgo State, Mexico.


TSXV:SCZ - Post by User

Post by mferguson71on Nov 21, 2020 10:50pm
839 Views
Post# 31948181

Zacatecas Property - should see an update coming soon.

Zacatecas Property - should see an update coming soon. Terms of Transaction Under the terms of the transaction, the Company will sell a 100% interest in the Zacatecas Property for $1.5 million (of which US $500,000 will be paid on listing of Zacatecas, US $500,000 on the first anniversary of listing and a final US $500,000 on the second anniversary of listing) and 5,000,000 common shares of Zacatecas. Zacatecas has also agreed to complete a financing of $5,000,000 for the purpose of exploration of the Zacatecas Properties and to obtain a listing of its common shares on the TSX Venture Exchange by December 31, 2020. The transaction is subject to approval of the TSX Venture Exchange and the entering into a definitive agreement by the parties.
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