VANCOUVER, Feb. 24, 2017 /CNW/ – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz” or the “Company”) announces that it has signed a binding agreement (the “Agreement”) to transfer its interest in the El Gachi Property in Sonora State, Mexico to First Majestic Silver Corp. (“First Majestic”) for total consideration of US$2.5 million plus applicable VAT.
The El Gachi Property comprises a 48,057 hectare land package located adjacent to First Majestic’s Santa Elena Mine in Sonora State, Mexico.