RICH TV LIVE - New IPO: Zacatecas silver Corp (TSXV: ZAC)
44RICH TV LIVE: New IPO Zacatecas silver Corp (TSXV: ZAC) - March 1, 2021 -February 26, 2021. Zacatecas Silver Corp. (“Zacatecas Silver” or the “Company”, ZAC:TSX Venture) is pleased to announce its common shares will commence trading on the TSX Venture Exchange on March 2, 2021 under the symbol “ZAC”. Highlights:
Significant historic inferred silver resource in a world class silver mining region which is open along strike and at depth.
Work starting immediately to target resource confirmation and expansion at the Panuco Deposit, and exploration and target generation at the Muleros, El Cristo and San Manuel-San Gill prospects.
Excellent regional exploration potential including El Cristo — the northwest extension of the Veta Grande Vein that has now been traced on the properties for 3km at surface but has had very limited previous exploration.
Strong cash position and management with a track record of shareholder wealth creation via exploration, development and mining.
The Zacatecas Silver property is located in Zacatecas State, Mexico, within the highly prospective Fresnillo Silver Belt, which has produced over 6.2 billion ounces of silver. The company holds 7826 ha (19,338 acres) of ground that is highly prospective for low and intermediate sulphidation silver-base metal mineralization and potentially low sulphidation gold-dominant mineralization.
The property is 25 km south-east of MAG Silver Corp.’s Juanicipio Mine and Fresnillo PLC’s Fresnillo Mine. The property shares common boundaries with Pan American Silver Corp. claims and El Orito which is owned by Endeavour Silver. There are four main target areas within the Zacatecas concessions (Figure 1):
The Panuco deposit is located in the north of the concessions is the most advanced prospect. It has an historic inferred mineral resource of 19,472,901 ounces Ag Eq. (cut-off 100 g/t Ag Eq.) from 3,954,729 tonnes at 153.2 g/t Ag Eq (136 g/t Ag, 0.14 g/t Au, 0.012% Pb, 0.11% Zn). Mineralization at the Panuco remains open along strike and down dip. See “Historical Resource Estimate Information” set forth below.
Muleros is characterized by three sub-parallel, silver-gold-base metal mineralized veins which can be traced over a strike length of at least 3 km.
El Cristo represents the NW strike extension of the Veta Grande vein system which is reported to have produced over 200 Moz Ag. El Cristo comprises a number of silver-base metal veins that define an extensional jog of approximately 3 km in strike length and 500 m of width.
San Manuel-San Gill is a relatively unexplored target with northwest-southeast oriented silver-base metal veins. An 800 m long, north-south oriented hematic breccia with elevated gold tenor, is a robust gold target.
The Property also includes the El Oro, El Orito, La Cantera, Monserrat, El Peñón, San Judas and San Juan silver-base metal vein targets. These targets are relatively unexplored and will be the focus of rapid reconnaissance review.
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