Guadalupe y Calvo //
The Guadalupe y Calvo exploration project is located 300 kilometres southwest of the city of Chihuahua, and covers 54,856 hectares in the historic Guadalupe y Calvo mining district. It was acquired with El Cubo in 2012 and is characterized by low-sulphidation epithermal veins with potential for high-grade, bulk tonnage silver and gold deposits. Guadalupe y Calvo hosts an indicated resource of 7.1 million ounces of silver and 142,500 ounces of gold, plus an inferred resource of 0.5 million ounces of silver and 10,600 ounces of gold in a portion of the Rosario vein. Significant exploration potential remains to be tested on this large prospective property. In 2016 $1.1 million was spent on drilling 4,500 metres on one target north of the old Rosario mine. In 2017 we plan to drill 5,000 metres, for a budget of $0.9 million, to test other mineralized veins on the property.