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Parral //

Parral is an attractive advanced exploration project, located in Chihuahua state, Mexico, about five km north of the city of Hidalgo de Parral in the historic silver mining district of the same name. Parral has abundant, high-grade exploration targets and the potential to grow through exploration, consolidation, and development. IMMSA mined the Veta Colorada at Parral until 1990 and left behind an estimated a 32 million ounce historic silver resource adjacent to their old mines.

In September 2016 we acquired the old IMMSA/Parral property in Chihuahua state, which covers 3,450 hectares. Parral offers positive synergies with our existing silver-gold-lead-zinc resources on the Cometa property in the area, hosted in medium-grade polymetallic epithermal veins.

As of December 31, 2017, a total of 21,000 metres were drilled at the La Colorada target to test a portion of the historical resource and at the Palmilla and San Patricio targets to test for new resources. Drilling has verified high grade silver mineralization within the Argentina-Remedios area of the Veta Colorada. Management released an initial resource comprising of 18.4 million silver ounces and 8,070 gold ounces as of December 31, 2017. During 2018, Parral is the largest potion of our total exploration spend. Management plans to spend $2.2 million on drilling 12,000 m to extend historic and new resource areas and complete a preliminary economic assessment. Parral is currently in the final stages of environmental assessment and permitting.

Map Parral