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Construction of the Cuchara-Oscar Silver Mine is largely complete and is now awaiting receipt of final permits (expected soon) to begin mining operations. Mine access utilizing the historical Cuchara Mine ramp has been dewatered and refurbished while mining infrastructure and services have been installed and equipment committed to Cuchara-Oscar for commercial production.
Condesa Silver Zone
The Condesa vein system is located 200 meters west of and has historic underground access from the Cuchara Mine (see above) which was mined using a modern ramp to a depth of 240 meters. The intention of this Condesa drill program was to outline mineralization to augment the planned production from the Oscar Vein Corridor which would also use the existing Cuchara Mine workings but utilize a different mining area.
Summarized below are highlights from the 2012 Condesa drill program:
Condesa Silver Zone - First and Second Phases Drill Results (2012) True Inter- Thick-Drill Drill From To val ness Ag Au Pl ZnHole Section Vein Name m m m m g/t g/t % %---------------------------------------------------------------------------Z12-28 21+50 N Resguardo 14.75 16.80 2.05 1.94 157.2 0.019 0.02 0.13---------------------------------------------------------------------------Z12-30 21+50 N Resguardo 53.50 56.00 2.50 2.37 201.6 0.026 0.07 0.80---------------------------------------------------------------------------Z12-32 23+50 N Maria de 124.83 126.88 2.05 1.52 204.0 0.108 0.33 2.32 Jesusand 23+00 N Trans- 61.85 63.30 1.45 0.89 1,773.1 0.068 0.20 1.48 verse Vein---------------------------------------------------------------------------Z12-36 23+00 N Maria de 156.80 158.15 1.35 0.90 294.4 0.054 0.13 0.62 Jesus---------------------------------------------------------------------------Z12-38 24+00 N Yerba 106.60 109.35 2.75 1.94 152.0 0.38 2.90 0.09 buena---------------------------------------------------------------------------Z12-39 23+00 N Resguardo 167.30 171.00 3.70 2.87 312.0 0.029 0.27 0.90---------------------------------------------------------------------------Z12-40 22+00 N Maria de 164.00 168.00 4.00 3.96 127.0 0.005 0.05 0.16 Jesus---------------------------------------------------------------------------Z12-42 21+50 N Maria de 136.00 139.78 3.78 3.59 214.0 0.269 0.15 0.37 Jesus---------------------------------------------------------------------------Z12-43 21+00 N Maria de 123.85 129.50 5.65 5.64 129.8 0.021 0.09 0.08 Jesus A---------------------------------------------------------------------------Z12-44 24+00 N Yerba 136.43 140.40 3.97 3.47 116.0 0.001 0.10 0.29 buena 3---------------------------------------------------------------------------Z12-45 24+00 N Yerba 177.90 179.00 1.10 0.98 1,655.0 0.010 0.25 0.08 buena 3---------------------------------------------------------------------------Z12-46 24+50 N Maria de 151.40 154.25 2.85 2.67 255.0 0.111 0.22 0.46 Jesus---------------------------------------------------------------------------Z12-47 23+50 N Resguardo 22.10 23.00 0.90 0.88 141.0 0.010 0.02 0.06and 23+50 N Trans- 109.00 110.50 1.05 0.90 720.0 0.030 0.25 0.52 versa 1---------------------------------------------------------------------------Z12-49 24+50 N Maria de 185.00 186.45 1.45 1.36 200.2 0.038 0.19 0.79 Jesus Aand 24+50 N Maria de 194.95 196.47 1.52 1.42 149.6 0.864 0.82 2.13 Jesus B---------------------------------------------------------------------------Z12-54 24+50 N Maria de 242.70 243.30 0.60 0.56 320.0 0.260 0.18 0.95 Jesus B---------------------------------------------------------------------------Z12-55 21+00 N Resguardo 57.80 59.60 1.80 1.76 245.3 0.030 0.12 0.36---------------------------------------------------------------------------Z12-58 25+00 N Maria de 199.10 201.00 1.90 1.78 186.4 0.108 0.41 1.15 Jesus---------------------------------------------------------------------------Z12-62 20+50 N Resguardo 24.70 25.75 1.05 0.74 297.0 0.020 0.04 0.06and 20+50 N Maria de 79.05 79.90 0.85 0.54 198.2 0.018 0.11 0.25 Jesus---------------------------------------------------------------------------Z12-63 20+50 N Maria de 106.50 108.85 2.35 2.22 230.9 0.010 0.16 0.26 Jesus---------------------------------------------------------------------------Z12-64 20+50 N Maria de 101.10 105.55 4.45 3.99 199.8 0.035 0.21 0.49 Jesus---------------------------------------------------------------------------Z12-65 20+50 N Maria de 137.15 138.40 1.25 1.24 242.6 0.018 0.17 0.41 Jesus---------------------------------------------------------------------------Z12-68 23+50N Maria de 46.40 50.30 3.90 3.66 249.6 0.009 0.07 0.16 Jesus---------------------------------------------------------------------------
