Guanajuato Silver Reports 85% Increase in El Cubo Mineral Resource Estimate, 35.6 Million Silver-Equivalent Ounces

Guanajuato Silver has filed a new NI 43-101 Technical Report for its El Cubo Mineral Resource Estimate, which shows an 85% increase in inferred mineral resources to 35.6 million silver-equivalent ounces. Indicated mineral resources decreased by 23% to 3.9M AgEq. Exploration expansion potential remains high, with drilling to convert inferred resources to indicated resources commenced in January 2025.

The mining industry has witnessed significant developments in recent times, with one of the most notable being the announcement made by Guanajuato Silver Company Ltd. (GSVR) regarding its El Cubo mine in Mexico. According to a new NI 43-101 technical report, the company has identified an 85% increase in inferred mineral resources, bringing the total to 35.6 million silver-equivalent ounces [1]. This expansion of resources is expected to provide a substantial boost to the company's operations.

Guanajuato Silver, a Canadian-based silver mining company, has been actively exploring and developing its mining assets in Mexico for several years. The El Cubo mine, located in the Guanajuato region, is one of the company's key projects. The latest technical report, which covers the mineral resource estimate for the El Cubo mine, was filed on April 19, 2024 [2].

The increase in inferred resources at the El Cubo mine is primarily due to the incorporation of new drilling data. The report states that the exploration expansion potential at the site remains high, with drilling to convert inferred resources to indicated resources scheduled to commence in January 2025 [2]. This demonstrates Guanajuato Silver's commitment to maximizing the potential of its mining assets and unlocking value for shareholders.

It is important to note that the increase in inferred resources does not imply a change in the previously stated mineral resource estimates for the Valenciana, San Ignacio, and Topia mine assets. According to the company, none of these estimates have changed, except for normal depletion from mining activity [2].

Guanajuato Silver's commitment to transparency and compliance is evident in its timely filing of updated NI 43-101 technical reports. The company has recently updated all four of its technical reports, ensuring that investors have access to the most up-to-date information regarding its mining assets [2].

The mining industry has been experiencing a resurgence in recent times, driven by factors such as increasing demand for metals and the adoption of new technologies. Guanajuato Silver's announcement regarding the expansion of resources at its El Cubo mine is a testament to the company's commitment to growth and its ability to capitalize on opportunities in the sector.

References:
[1] Guanajuato Silver Company Ltd. (2024, April 19). Guanajuato Silver Company Ltd. Confirms All Four of Its National Instrument ("NI") 43-101 Technical Reports Have Now Been Updated and Filed on SEDAR+. Retrieved from https://www.accesswire.com/696671/Guanajuato-Silver-Company-Ltd-Confirms-All-Four-of-Its-National-Instrument-NI-43-101-Technical-Reports-Have-Now-Been-Updated-and-Filed-on-SEDAR
[2] Guanajuato Silver Company Ltd. (2024, April 19). Guanajuato Silver Company Ltd. Files Updated NI 43-101 Technical Report for El Cubo Mineral Resource Estimate. Retrieved from https://www.sedarplus.com/DisplayDocument/en/1834899/f/2024-04-19/guidance.pdf