RE:RE:RE:RE:Targets ??Silver Resource Estimate Update
Based on the provided search results, Discovery Silver Corp. has reported several updates to its mineral resource estimate for the Cordero Silver Project in Mexico.
October 2021 Update: The company filed a National Instrument 43-101 (NI 43-101) technical report, announcing an updated mineral resource estimate for the Cordero Project. This update provided a comprehensive overview of the project’s mineral resources.No Recent Updates: There is no information available on recent updates to Discovery Silver’s resource estimate for the Cordero Silver Project beyond the October 2021 update.
Key Highlights
The Cordero Project is considered one of the highest-grade primary silver discoveries in the world.Over 90,000 meters of resource/discovery-based drilling is planned for 2023, with nine drill rigs currently on site.The project’s updated mineral resource estimate (as of October 2021) is not publicly available, but it has been filed on SEDAR.
Economic Benefits
The project is expected to have tremendous leverage to silver prices, with a NPV5% increasing 50% to US$1.8 billion using current metal prices as of August 12, 2024.The project is expected to generate substantial benefits for Mexico, including:Total investment of US$1.4 billion (including a US$606 million initial investment)2,500 direct jobs created during constructionPeak employment of over 1,000 direct jobs during operationEstimated US$4 billion of goods and services purchasedExpected tax payments of approximately US$1.9 billion within Mexico (at current metal prices as of August 12, 2024)