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Cerro Dolores



El Transito Deposit

This deposit was chosen for initial attention by Starcore because it has an established ore reserve and appears amenable for low-cost, fast track production. Subjected to significant exploration and underground development costing $2.4 USD million, the property also has a positive Prefeasibility Study prepared by a major independent engineering consulting firm. Of the mineral resource base of 552769 tonnes grading 11.2 oz/tonne silver, 2.6% lead, and 5.3% zinc, a large portion appears to be amenable to open pit mining methods


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Industrias Luismin Cerro Dolores
Mineral Resources
El Transito Mine
Category Metric tons Width (m) Silver (gpt) Lead(%) Zinc(%)
Proven 130424 4.2 251 2.36 7.53
Probable 168333 4.3 266 3.31 7.23
Drill Indicated 254012 2.6 453 2.28 2.94
Total 552769   348 2.62 5.33
Reference: Prefeasibility Study Cerro Dolores Project, Pincock Allen Holt (1988)


Upside Potential from Further Exploration of Cerro Dolores

It is management's intention to re-invest a portion of any cash flow from the El Transito property toward the exploration and development of other areas at Cerro Dolores. Previous work has identified mineralization over vertical and strike dimensions of 600 and 4000 meters respectively. It is believed that there is a strong possibility of developing reserves at Cerro Dolores in the 3-5 million tonne range grading some 11 oz/t silver and a combined 8% lead-zinc.

Click here to view Technical Report NI 43-101 Mar 16, 2004 (PDF 1MB)
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