Wildcat Silver is transitioning from more exploration drilling to developing a mine plan of operation, according to a company official who briefed the Arizona Mining Alliance on Friday. Wildcat's Hermosa project near Patagonia, just north of the Mexico border, has a reported resource of 315 million ounces of silver with expectations of producing 15.5 million ounces per year, which would make it the largest silver mine in the U.S.
The company's web site says "The project
currently hosts a measured and indicated resource of 236 million ounces
of silver plus an inferred resource of 79 million ounces of silver.
Hermosa’s current PEA estimates over 15 million ounces of silver
production per year for the first five years of production, and a 16
year mine life. The Company expects to complete a pre-feasibility study
by the end of the second quarter of 2013"