From Little Own on CEO Boards GSVR has a long mining life and it continues to be extended.
DISCOVERS A 1 BILLION OUNCE AGEQ RESOURCE POTENTIAL AT GUANAJUATO. Those that have been reading my posts know that I have been puzzled by the lack of resources at the Guanajuato mining district when all the other great historic Silver mining districts sport resources well above 1 billion ounces each. So I went drilling. And I drilled and drilled and drilled until... JACKPOT ! There it was on page 15 of Fresnillo's 1H22 Interim Report V4 final : GUANAJUATO ! "Guanajuato is a large historic silver-gold mining district with Fresnillo’s holdings comprised of three areas of interest: the Gigante-Opulencia systems in the north, the Las Torres-San Gregorio targets in the centre of the district and La Joya-Cerro Blanco in the south. Exploration activities continued in 1H22 with 25,082m drilled. At the end of 2021, Indicated and Inferred resources at this project totaled 1.7 million ounces of gold and around 101 million ounces of silver." That's almost 250 million real AgEq ounces and they are still drilling. Everybody thought that Fresnillo had their Guanajuato mines on care and maintenance and therefore they were sitting around twiddling their thumbs, but far from it; they were drilling, and drilling at an increasing rate. Fresnillo drilled around 22,000 meters in 2019, a further 25,000 meters in 2020 and almost 30,000 meters in 2021. They must like what they see because in 2022 they are on track to drill some 50,000 meters at what they call the "central district" of Guanajuato (that's where Valenciana and El Pinguico are). Note that in the last 3 years they have added about 900 AgEq ounces per meter drilled to the resource so I expect to see an additional 50 million ounces or so added in 2022. Now to cut a long story short, if Fresnillo has so far discovered 300 million ounces (250 + 50 in 2022) and controls 30% of the Guanajuato district then it stands to reason that the whole district still has a potential of far in excess of 1 Billion AgEq ounces and 60% of that is in GSVR's properties. THAT'S MORE THAN 600 MILLION OUNCES FOR GSVR ALONE !