Operator: Sailfish Royalty Corp.
Metal(s): Silver
Gavilanes Silver Property
Gavilanes Silver Property
DESCRIPTION
100% ownership of early stage silver property in prolific San Dimas mining district
Key Facts
Location: San Dimas mining district, Durango State, Mexico
Status: Early stage exploration
Geology and Mineralization
Low-sulphidation epithermal deposit located in the San Dimas mining district of Durango, Mexico, ~23 km northeast of the San Dimas mine owned and operated by First Majestic Silver Corp.
Updated Mineral Resource Estimate
The updated mineral resource estimate of 22.4 million ounces (“oz”) of silver equivalent (“AgEg”) at 245.6 g/t AgEq (see Exhibit 1 in the May 18, 2021 press release) is comprised of the following metals:
- 18.9 million oz of silver (“Ag”) at 207 g/t Ag
- 13,700 oz of gold (“Au”) at 0.15 g/t Au
- 7.8 million pounds (“lbs”) of copper (“Cu”) at 0.12% Cu
- 37.9 million lbs of lead (“Pb”) at 0.61% Pb
- 27.2 million lbs of zinc (“Zn”) at 0.43% Zn
Estimated Underground Inferred Resource (Effective Date: April 1, 2021) (1)
1. See press release dated May 18, 2021 for more details, including important disclosures, regarding the updated mineral resource.
More than 84% of the AgEq mineral resource estimate is Ag only
The resource is all within 330 meters (“m”) of surface and remains open along strike and at depth
Only three veins (Guadalupe-Soledad, San Nicolas and Descubridora) are included in the updated mineral resource estimate (see Exhibit 2 in the May 18, 2021 press release)
Several nearby veins with similar surface geochemistry (El Muerto, La Tuna, La Cruz) or geologic characteristics (Veta 1 and Providencia) have been mapped but not yet drill tested (see Exhibit 2 in the May 18, 2021 press release)