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Santacruz Silver makes final option payment for Golden Minerals acquisition

Published by , Assistant Editor
Global Mining Review,

Santacruz Silver Mining Ltd. (Santacruz) has made the final option payment to acquire from Golden Minerals Company certain mineral claims consisting of 149 concessions covering approximately 7800 ha, located in the Zacatecas Mining District in Zacatecas (Mexico).

"With this payment Santacruz now owns outright, subject to underlying net smelter royalties on certain of the claims, these important concessions and controls approximately 8900 ha in the historic and prolific Zacatecas silver mining belt," stated Carlos Silva, COO of the company.

Silva continued: "We are confident that as we progress the exploration and development of our Zacatecas mineral portfolio we will realise the strong mineral potential of this historical mining district".

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