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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

Post by kukamanon Jan 20, 2021 12:32pm
192 Views
Post# 32334101

Seems like we have turned the corner as the focus is

Seems like we have turned the corner as the focus isshifting to exploration...

[url=https://www.miningweekly.com/article/relief-canyon-to-reach-full-production-by-may-2021-2021-01-20/rep_id:3650]https://www.miningweekly.com/article/relief-canyon-to-reach-full-production-by-may-2021-2021-01-20/rep_id:3650[/url]
20TH January 2021

Since acquiring the asset, the sole focus of the company was to build the mine and bring the asset to commercial production, with no capital dedicated to exploration for the initial period.

Americas Gold and Silver Corporation’s focus has begun shifting to exploration to extend the asset’s mine life, as it is confident that significant exploration potential exists on the 11 700 ha land package. The company estimates that only 20% of the property has been explored so far.

The company is looking to add mineral resources at the southern end of the ultimate pit and has identified two targets, the South Pit Extension and SW Target with infill drilling, which could extend the mine life of the currently planned pit.


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