Latin American silver resources continuing to emerge
Argentina and Mexico saw significant silver mining developments this week.
- Superior Gold Group
The silver mining industry is off to a good start to the new year, with one company having just reported significant results at a mine in Mexico.
According to the Pan American Silver Corp., its underground exploration drilling program at the La Colorada mine in Zacatecas, Mexico has yielded “exceptional” results, including a high-grade NC2 vein with a strike length of 770 meters.
“These are some of the widest and highest grades veins encountered at the mine and the extension of this zone will substantially increase the mine’s sulphide resources. I am looking forward to exploring the structure even further down dip in 2010,” said Michael Steinmann, executive vice president of Geology and Exploration for Pan American Silver.
Another important piece of news involving the silver mining industry came from Argentina’s ministry of planning this week.
According to an announcement from the ministry, Andean Resources of Australia plans to invest $200 million to develop gold and silver reserves at Black Mountain, near the province of Santa Cruz. The announcement noted that the project could produce as much as 3 million ounces of silver and 300,000 ounces of gold per year.
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
Tags: Silver, silver growth
March 8th, 2010 at 4:08 am
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