Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s): GSVRF

Metals & Mining Industrial Metals & Minerals

Guanajuato Silver Company Ltd. is a precious metals producer engaged in reactivating the past producing silver and gold mines in central Mexico. It produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato. It produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, it is a growing silver producer in Mexico. El Cubo Mines Complex is a high-grade, epithermal-vein, underground precious metals mine. Topia mine is a silver-rich polymetallic mine. Its Cata processing facility has a capacity of 36,000 tons/month. Its El Horcon mining concessions cover 7,908 hectares comprising 17 contiguous mining concessions located over 60 kilometers to the northwest of the Valenciana Mines Complex in the state of Jalisco. Its EL Pinguico Mine is a high-grade silver producer.

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Guanajuato Silver Company Ltd

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Post by ErinBrockovichon Sep 11, 2023 1:02pm

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Post# 35629656

James, Focus On Bringing Costs Down… and Get P Going

I'd like to see James work on getting El Pinguito up and running. And I'd prefer they do this over buying an additional asset, unless it's high grade, stranded, and very cheap.

@lexcon I've posted this before. After the mine shut down due to the revolution and the low price of silver that followed there were some investigations into El Pinguito over the years. In the 1940's there were a series of holes drilled and this is a partial list of the assays--note the assay is for the gold and silver values of each hole (not AgEq) and several of them have double digit gold values as well as between 1000 and 3000 grams/tonne (1.0 to 3.0 kg/tonne) silver values This is from an older Vangold document from around the time James took over as CEO