Santacruz Silver Mining Ltd. is focused on advanced stage silver deposits in Mexico with a corporate objective to reach production by first quarter 2013. The Company aims to become a mid tier silver producer (targeting to produce +5 million Ag equivalent ounces) within the next 3 to 4 years. For 2013, Santacruz is focused on increasing resources to more than 50 million ounces of silver equivalent on each of its three properties.
Santacruz Silver Mining Ltd., (SCZ), is a Canadian mining company with primary focus on silver in Mexico. Santacruz Silver Mining Ltd. has entered into varying option agreements to acquire a 100% interest in the Rosario, Gavilanes and San Felipe projects, all located in historical silver mining districts. All three properties are considered to be at an advanced stage of exploration with Rosario now in the development stage.
Our first steps at moving towards the goal of being a mid tier silver producer are now in progress. This goal is expected to be accomplished through start-up of production at Rosario by the first quarter in 2013.
In mid 2013, production at Rosario is targeted with a mill through-put 500 ton/day capacity. The company plans exploration and additional geologic evaluation, including diamond drilling on its properties, to define and expand resources to NI43-101 compliance.