The Joaquin Property was purchased by Pan American Silver for US$25 million in January 2017. The Project is composed by seven contiguous claims, totaling 28,660 hectares. It is located in the Santa Cruz Province, approximately 145 kilometers from Pan American’s Manantial Espejo mine, well within trucking distance, and their plant will have available capacity when open-pit mining is completed, which is expected to be in early 2017. The Joaquin project is estimated to contain a measured and indicated resource of 65.2 million oz silver and 61,100 ounces of gold in 15.7 million tonnes @ 128.9 gpt Ag and 0.12 gpt Au.
Interest: 2% NSR Royalty
Location: Santa Cruz Province, Argentina
Project Status: Development
Counterparty: Pan American Silver (PASS:TSE)
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