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"
ONCE AGAIN , AUGUSTA IS WHEELING AND DEALING ONLY THIS TIME IT IS A SILVER PROPERTY THAT WOULD RESULT IN " THE BIGGEST SILVER MINE IN THE U.S. THIS , ON TOP OF THEIR ROSEMONT PROPERTY MUST ASK THE QUESTION , " IS THERE ANY CREDIBILITY IN AUGUSTA'S ACTIVITIES?" AUGUSTA'S TRACK RECORD IN THE MINING BUSINESS IS DISMAL AT BEST AND ESSENTIALLY NON-EXISTENT . BEWARE OF THE PROPAGANDA THAT WILDCAT SILVER IS SPREADING AROUND . THIS IS JUST ANOTHER STOCK MARKET PROMOTION
ReplyDeleteAny links to the "dismal track record" or "lack of credibility"? NI 43-101 resource can not be made up, so I don't see how this is "just another stock market promotion." But please educate us.
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