Santacruz Silver Reports First Quarter 2016 Production Results

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/569-tsx-venture/scz/18578-santacruz-silver-reports-first-quarter-2016-production-results.html

VANCOUVER, April 14, 2016 /CNW/ – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports on the operating results from the Rosario Mine in San Luis Potosi, Mexico and provides a commissioning update from the Veta Grande Mine in Zacatecas, Mexico for the first quarter of 2016 (“Q1”).

Q1 HIGHLIGHTS:

  • Rosario Mine silver equivalent produced ounces of 290,569, up 8.3% from Q4 2015;
  • Head grade increased to 389 g/t Ag Eqv. Oz, up 16.7% from Q4 2015;
  • Veta Grande mill commissioning progressing well, exiting Q1 at 330 tpd average throughput.

“Management is pleased with the performance of both operations in the first quarter of 2016,” stated Arturo Préstamo, CEO of Santacruz. “The Rosario Mine has now reached Level 4 and we are confirming a strong vein system, which together with improved mining methods has resulted in less dilution yielding improved head-grades at Rosario. At the Veta Grande Mine we are seeing significant progress both in terms of the milled tonnes and mine development, which will set us up very well for the second quarter.”

 

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