An initial resource calculation at the Penasco silver deposit in Zacatecas state, Mexico, has almost doubled the resource on Western Silver’s (WTC-T) Penasquito project.
Penasco, one of three deposits that have been delineated on Penasquito, has an indicated sulphide resource of 124 million tonnes grading 27.5 grams silver and 0.5 gram gold per tonne, with 0.31% lead and 0.64% zinc, according to the new calculation by consulting firm Marlow Mining Engineering Services. Its indicated oxide resource is 26 million tonnes grading 19.7 grams silver and 0.52 gram gold per tonne, plus 0.24% lead and 0.26% zinc.
Earlier resource calculations on the Chile Colorado and Azul Breccia deposits had estimated 149 million tonnes.
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