In March 2017, Americas Silver purchased an option to acquire a 100% interest in Hochschild Mining Plc’s San Felipe silver-zinc-lead project located in Sonora, Mexico. The company continues to evaluate the property prior to a decision to exercise its purchase option. In May 2018, Mine Development Associates completed an independant technical report to provide a technical summary and updated mineral resource estimate on the San Felipe project.
Mineral Reserve and Mineral Resource Estimates
Notes for Mineral Reserve and Mineral Resource Estimates:
CIM Definition Standards were followed for mineral resource estimates.
Mineral resources are fully diluted to the 2mx3mx2m block size and estimated at a cut-off grade of 2.5% zinc equivalent which incorporate metal recoveries.
Mineral resources are estimated using metal prices of US$18.00/oz Ag, US$3.00/lb Cu, US$1.05/lb Pb, and US$1.05/lb Zn.
Numbers may not add due to rounding.
The San Felipe Mineral Resource estimates was prepared by Paul Tietz, C.P.G. who is an independant consultant and Qualified Person for the purpose of NI 43-101.