Plata America reports drilling results from the Sombrerete mine discovery
09/04/2020

Plata America today announced the results from its recent silver, lead and zinc discovery in Sombrerete in the Zacatecas State at a drilling depth of 12,000m.

Online PR News – 04-September-2020 – BENITO JUAREZ/MEXICO CITY – Plata America said that the after the samples of the metals and minerals are extracted, a preliminary metallurgical test indicated that the samples had high purity.

Plata America’s Chief Operating Officer, Mr. Ramon Fernandez commented on the drilling results saying "Our most recent drill results concluded that the these metals have some of the highest grading we have seen. Our team drilled to depths of 12,000 meters and widths up to 430 meters. We have now completed over 38,400 meters of drilling on the silver, zinc and lead project, and we anticipate consistency in production for the rest of the year.”

Plata America’s drilling program continues to define a polymetallic mineralized system of silver, zinc and lead cross-cutting at the Sombrerete mine and plans to complete over 52,000 meters of drilling by the end of 2020 and the resource estimates of the silver, zinc and lead discovery are conservative.

Plata America will conduct an intensive mining and exploration program followed by further metallurgical testing in February 2021. If the given resource estimates exceed current estimates, then a team will be put in place expand structures for new mining and processing.

About Us - Plata America

Plata America is a mining company focused on the exploration, development and production of silver in Mexico’s famous silver belt, the richest silver region known in the world.

The focus of Plata America’s operations is the La Navarra project site in Zacatecas State, Mexico, an 11,000-hectare project site. This concession has undergone detailed and systematic exploration which has revealed rich deposits of silver, as well as gold, lead and zinc. An aggressive exploration and development program is underway by Plata America at La Navarra, including the construction of access ramps, underground workings and the carrying out of geophysical investigations.

Plata America’s goals are to create shareholder value through the expansion of silver and other metal resources in our mining projects and increasing efficiency; and to develop our projects through to production by our own internal development, through acquisitions and joint venture opportunities.

Plata America’s management team strongly believes that over the coming years a dramatic bull market will persist in precious metals. For this reason, a focus is on the development of and production at La Navarra.

However, Plata America’s management team continues to investigate additional attractive silver concessions, both as solo projects and in partnerships, as the management is determined to expand Plata America’s assets base. With a senior management team consisting of vastly experienced and proven executives in mining companies, shareholders are well positioned to capitalize on Plata America’s aim of growing into a world class mining operator.