- 100% owned Gavilanes Silver Project is located in southwestern Durango State 31 km away from First Majestic’s San Dimas operation.
- The project comprises of several high-grade polymetallic silver veins and remains open to further exploration.
- The historical resource has been reviewed by MDA. As a result of focusing on the silver geologic constraints of the deposit, the resource grade has significantly improved.
- Updated inferred resource of approximately 22.4 million ounces of silver-equivalent with an average grade of 245.6 g/t AgEq. Importantly, this contains 18.9 million ounces of silver at an average grade of 207 g/t silver.
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