Minera Santa Cruz has commissioned a feasibility study to be compiled and managed by MTB Project Management Professionals of Denver, Colorado, on its San Jose project 230 km southwest of the city of Comodoro Rivadavia, Argentina.
The 400-sq.-km San Jose project, in the province of Santa Cruz, comprises some ten gold-silver targets.
The most advanced gold-silver target is the Huevos Verdes quartz vein system. An initial resource estimate of mineralized material at Huevos Verdes totaled 3.5 million tonnes grading 235.3 grams silver and 2.72 grams gold per tonne, using a cutoff of 50 grams silver per tonne.
The en echelon quartz veins trend north-northwest over at least 2.2 km. The mineralized veins are up to 11 metres wide and crosscut massive and fragmental andesite. The veins are locally covered by basalt and sediments.
Two 45-inclined shafts are under construction and drilling, bulk sampling and geotechnical studies are underway on two underground levels.
A 28-km all-weather road and a bridge were constructed from a paved highway to the site, where accommodation for about 100 people is in place.
Recent drilling two-km northeast of Huevos Verdes resulted in grades as high as 53.75 grams gold and 1,711.6 grams silver per tonne over one metre.
Minera Santa Cruz, an Argentinian company, is 51%-owned by Mauricio Hochschild & Cia. and 49% by Minera Andes (MAI-V).