TSX.V: SCZ
FSE: 1SZ
VANCOUVER, Nov. 22, 2017 /CNW/ - Santacruz Silver Mining
Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") reports that the Company has recommenced operations at its Veta Grande mill located in Veta Grande, Zacatecas Mexico following
authorization from PROFEPA and SEMARNAT (Mexico's environmental regulatory authorities) to do
so.
Operations at the Veta Grande mill were halted on November 3,
2017 pursuant to a notice issued by PROFEPA requesting a temporary suspension of operations until certain licensing
documentation related to the operatorship of the mill was filed with regulatory bodies. All requested documentation was filed
with the appropriate regulatory bodies on November 8, 2017 (see press release dated November 17, 2017).
About Santacruz Silver Mining Ltd.
Santacruz is a Mexican focused silver company with two producing silver projects (Rosario Project, including the Rosario Mine,
Cinco Estrellas Property and Membrillo Prospect, and the right to operate the Veta Grande Project and milling facility); and two
exploration properties, the Minillas Property and Zacatecas properties. Santacruz is managed by
a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico with a corporate objective to become a mid-tier silver producer.
'signed'
Arturo Préstamo Elizondo,
President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in
applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at
the date the information is provided and is subject to certain factors and assumptions. In making the forward-looking statements
included in this news release, the Company has applied several material assumptions, that the Company's financial condition and
development plans do not change as a result of unforeseen events, that third party mineralized material to be milled by the
Company will have properties consistent with management's expectations, that the Company will receive all required regulatory
approvals, and that future metal prices and the demand and market outlook for metals will remain stable or improve.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans,
estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could
cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the
risk that any of the assumptions referred to prove not to be valid or reliable, which could result in lower revenue, higher cost,
or lower production levels; delays and/or cessation in planned work; changes in the Company's financial condition and development
plans; delays in regulatory approval; risks associated with the interpretation of data (including in respect of the third party
mineralized material) regarding the geology, grade and continuity of mineral deposits; the possibility that results will not be
consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and
development activities and to the Company as set forth in the Company's continuous disclosure filings filed under the Company's
profile at www.sedar.com . There can be no
assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on
forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or
statements, other than as required by applicable law.
Rosario Project
The decisions to commence production at the Rosario Mine, Cinco Estrellas Property and Membrillo Prospect were not based on
a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a more preliminary estimate
of inferred mineral resources. Accordingly, there is increased uncertainty and economic and technical risks of failure associated
with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and
detailed site analysis according to and in accordance with NI 43-101.
Veta Grande Project
The decision to commence production at Veta Grande Project was not based on a feasibility study on mineral reserves
demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of
failure associated with this production decision. Production and economic variables may vary considerably due to the absence of a
complete and detailed site analysis according to and in accordance with NI 43-101.
SOURCE SantaCruz Silver Mining Ltd.
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