James Anderson, President and CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF), joins us to provide an operations and exploration update at the El Cubo Mine and Pinguico Project. We start off reviewing the ramp up of gold and silver production at El Cubo, and how after getting things commissioned with above-ground stockpiles of ore, that now the underground areas at El Cubo, and eventually Pinguico will be higher grade and starting to bring the costs down.
Next we shifted over the recent drill results reported, with headline Hole VP022-002: returning 1,956 grams per tonne (gpt) Ag and 12.90 gpt Au for 2,988 gpt AgEq over 0.55m (0.35m est. true width) from the Villalpando vein, at the Capulin area, at El Cubo. Holes SC22-001 and SC22-002: 42 gpt Ag and 7.56 gpt Au for 647 gpt AgEq over 0.35m (0.3m est. true width) in hole SC22-001 and 276 gpt Ag and 4.49 gpt Au for 636 gpt AgEq over 0.30m. There are a number of exploration target at El Cubo along the Villalpando Vein, Asuncion, Santa Cecilia, San Nicolas, Arroyo, Tuberos and Poniente veins, and James describes them as vein swarms all over the Property.
We wrap up with the exploration the company also has slated at it’s Pinguico Property at the Veta Madre Vein and James explains just how prolific this vein and mineral trend has been for over a hundred years, and why their exploration team has a thesis that this vein may interested their other key veins in a deformation zone that could have brought many mineral rich fluids into this prospective area to test.
Please email us any follow up questions for James over at Guanajuato Silver. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
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