TSX.V: SCZ FSE: 1SZ VANCOUVER, Oct. 22, 2018 /PRNewswire/ – Santacruz Argent Mining Ltd. (tsx.v:SCZ) (the “Company” or “Santacruz”) is admiring to accommodate an amend from the Phase I assignment affairs advancing on the Veta Grande, Armados, and Navidad veins that anatomy allotment of the Company’s Veta Grande Project amid in the Zacatecas mining district, Zacatecas, Mexico (see columnist absolution anachronous July 9, 2018). Diamond conduct is able-bodied on its way to bigger ascertain the Veta Grande and Navidad veins from apparent while an underground assignment rig will be acclimated to bigger ascertain the Armados vein. To date, 19 assignment holes totalling 6,165 metres accept been completed. Initial assignment after-effects at the Navidad attitude are acknowledging high-grade attitude intersections a apparent and aing to absolute abundance workings. Highlights accommodate assignment aperture NA18-006 that intersected 668.84 grams per tonne silver, 0.17 grams per tonne gold, and 0.12 percent nut (698.35 grams per tonne silver-equivalent) over 1.95 metres (approximated authentic width), from 56.6 metres to 58.75 metres. In accession to this, the Veta Grande attitude is additionally acknowledging able mineralization to the north.
Carlos Silva, COO of Santacruz, commented; “With these assignment after-effects at the Navidad vein, and college brand intercepts alternating the arctic bang of the Veta Grande vein, we abide to authenticate the abeyant of this high-grade mineralized district.” Mr. Silva added; “We afresh articular the abeyant of the Navidad vein, which has never been systematically explored, and after-effects appropriately far are acutely encouraging. Conduct is continuing with an added 14,000 metres of design conduct budgeted.”
Veta Grande Project Appraisal After-effects
No Significant Intersections
No Significant Intersections
SAN LORENZO (NAVIDAD)
VETA GRANDE (ESPERANZA)
VETA GRANDE (LA FLOR)
Silver agnate (AgEq) in the assignment after-effects assumes $1,331 per ounce Au (Pau), $16.73 per ounce Ag (Pag), $1.13 per batter Pb (Ppb), $1.53 per batter Zn (Pzn), and $3.14 per batter Cu (Pcu) with 100-per-cent metallurgical recovery. The blueprint acclimated in the adding is as follows:
EqAg (g/t) equals [(Au assorted by Pau disconnected by 31.1035) additional (Ag assorted by Pag disconnected by 31.1035) additional (Pb assorted by Ppb assorted by 22.05) additional (Zn assorted by Pzn assorted by 22.05) additional (Cu assorted by Pcu assorted by 22.05)] disconnected by (Pag).
Affection control/quality affirmation affairs
All assignment amount was logged, photographed and cut in bisected with a design saw. Half-core samples were beatific to SGS Minerals Services in Durango, Mexico (17025 accredited), for alertness and analysis. Assignment amount samples were analyzed for 33 elements by four-acid assimilation of a 0.5-gram sample followed by an ICP-AES (inductively accompanying claret diminutive discharge spectroscopy) finish. Overlimit for Pb, Zn and Cu were added analyzed by sodium achromatize admixture of a 0.5-gram sample followed by ICP-AES finish. Au and Ag was additionally analyzed by blaze appraisal of a 30-gram sample followed by AAS (atomic assimilation spectroscopy) accomplishment for Au and gravimetric accomplishment for Ag.
As allotment of the company’s affection assurance/quality ascendancy (QA/QC) program, apart certified ascendancy samples (standard and bare lurid samples) were amid in anniversary analytic batch. Field alike samples were additionally submitted for analysis. The ascendancy and alike sample after-effects were again arrested to ensure able QA/QC.
The abstruse advice absolute in this account absolution has been advised and accustomed by Van Phu Bui, BSc, PGeo, who is absolute of the aggregation and a able being beneath National Instrument 43-101.
About Santacruz Argent Mining Ltd.
Santacruz is a Mexican focused argent aggregation with two bearing argent projects (Veta Grande Project and Rosario Project) and two assay backdrop (Minillas Property and Zacatecas Properties). The Aggregation is managed by a abstruse aggregation of professionals with authentic clue annal in developing, operating and advertent argent mines in Mexico. Our accumulated cold is to become a mid-tier argent producer.
Arturo Préstamo Elizondo, President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
Forward attractive advice
Assertive statements absolute in this account absolution aggregate “forward-looking information” as such appellation is acclimated in applicative Canadian balance laws. Advanced advice is based on plans, expectations and estimates of administration at the date the advice is provided and is accountable to assertive factors and assumptions. In authoritative the advanced statements included in this account release, the Aggregation has activated several absolute assumptions, that the Company’s banking action and development affairs do not change as a aftereffect of abrupt events, that third affair mineralized absolute to be formed by the Aggregation will accept backdrop constant with management’s expectations, that the Aggregation will accept all appropriate authoritative approvals, and that approaching metal prices and the appeal and bazaar angle for metals will abide abiding or improve. Advanced advice is accountable to a array of risks and uncertainties and added factors that could account plans, estimates and absolute after-effects to alter materially from those projected in such advanced information. Factors that could account the advanced advice in this account absolution to change or to be inaccurate include, but are not bound to, the accident that any of the assumptions referred to prove not to be authentic or reliable, which could aftereffect in lower revenue, college cost, or lower assembly levels; delays and/or abeyance in planned work; changes in the Company’s banking action and development plans; delays in authoritative approval; risks associated with the estimation of abstracts (including in account of the third affair mineralized material) apropos the geology, brand and chain of mineral deposits; the achievability that after-effects will not be constant with the Company’s expectations, as able-bodied as the added risks and uncertainties applicative to mineral assay and development activities and to the Aggregation as set alternating in the Company’s connected acknowledgment filings filed beneath the Company’s contour at www.sedar.com . There can be no affirmation that any advanced advice will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such statements. Accordingly, the clairvoyant should not abode any disproportionate assurance on advanced advice or statements. The Aggregation undertakes no obligation to amend advanced advice or statements, added than as appropriate by applicative law.
The decisions to arise assembly at the Rosario Mine, Cinco Estrellas Property and Membrillo Prospect were not based on a achievability abstraction of mineral affluence demonstrating bread-and-er and abstruse viability, but rather on a added basic appraisal of accepted mineral resources. Accordingly, there is added ambiguity and bread-and-er and abstruse risks of abortion associated with this assembly decision. Assembly and bread-and-er variables may alter considerably, due to the absence of a complete and abundant armpit appraisal according to and in accordance with NI 43-101.
Veta Grande Project
The accommodation to arise assembly at Veta Grande Project was not based on a achievability abstraction on mineral affluence demonstrating bread-and-er and abstruse viability. Accordingly, there is added ambiguity and bread-and-er and abstruse risks of abortion associated with this assembly decision. Assembly and bread-and-er variables may alter appreciably due to the absence of a complete and abundant armpit appraisal according to and in accordance with NI 43-101.
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SOURCE Santacruz Argent Mining Ltd.
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