Silver X Mining Corp (TSX-V:AGX, OTC:WRPSF) is zeroing in on the Plata Mining Unit (Plata) as the next brownfield renovation endeavor within its flagship Nueva Recuperada Silver District situated in central Peru.
Plata, a former productive area of the project, is set for renovation, presenting abundant veins that have seen minimal exploitation in the past.
Strategically positioned just 10 kilometers south of the Nueva Recuperada plant, Silver X believes Plata holds significant exploration potential to enhance overall production.
Plata, formerly known as Esperanza, was the final historical operation to cease operations in the district.
A 2022 inferred resource at Plata consisted of 448,812 tonnes, boasting grades of 220.81 g/t silver, 2.55% lead, and 4.58% zinc.
Silver X is optimistic about Plata's prospects, considering its potential to emerge as a valuable asset within the district.
The company meticulously reconstructed the historical data of the project, retrieving 8,809 sample results from 6,583 underground sampling channels, along with additional sample and drilling data obtained from 265 diamond drill holes spanning a total of 33,391 meters.
“The Plata unit development and potential expansion could significantly impact Silver X's growth, contributing to the company's goal of becoming a premier silver company," Jose Garcia, CEO of Silver X told shareholders in a statement.
Silver X Mining Corp (TSX-V:AGX, OTC:WRPSF)., a Canadian silver mining company, holds assets in Peru, with the Tangana silver, gold, lead, zinc, and copper project located in Huancavelica, Peru, approximately 10 kilometers north-northwest of the Nueva Recuperada polymetallic concentrate plant.