The Company holds an option to acquire a 100%-interest in its flagship project, the past-producing Candelaria Silver Mine, Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria is being investigated. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and the possibility of increasing the substantive silver mineralization along-strike from the two past-producing open pits.
COMBINED SILVER ONE HISTORIC RESOURCES
Candelaria
| Classification | Tons | Factored Ag Grade (opt Agtotal) | Sol. Au Grade (opt Ausoluble) | AqEq Grade (opt AgEqtotal) | Ag Ounces (Agtotal) | Aq Equiv. Ounces (AqEqtotal) |
|---|---|---|---|---|---|---|
| M + Ind | 13,623,000 | 3.23 | 0.003 | 3.42 | 44,060,000 | 46,633,000 |
| Inf. | 55,681,000 | 1.49 | 0.002 | 1.52 | 82,829,000 | 84,806,000 |
