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La Preciosa Project
La Preciosa
Country
Mexico
Province
Sierra madre
Close to
Durango
Status
FEASIBILITY
Mining Trend
Durango
Surface
184 km² / 45,516 acres
Latitude / Longitude
24 N 28 / 104 W 20
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Risk and valuation analysis of the La Preciosa Project
Status Risk : Feasibility
Country Risk : Light
Resource Risk : 34.00%
In situ value
4,015,817,357 $
Link to technical report
Title(s) of the La Preciosa Project
Orko Silver Corporation
Joint venture: 100%
Title
Company Profile
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Orko Gold Corporation entered into an option agreement in late 2003 with two companies under the direction of Luismin S.A. de C.V., now a part of Goldcorp Inc., to acquire an interest in the LA PRECIOSA silver-gold prospect. A news release, dated 4
more...
Pan American Silver Corp.
Joint venture: 55%
Title
Company Profile
All Projects
Company website
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Pan American has a joint venture with junior Orko Silver, in which the larger company agreed to fund the construction of the mine and contribute its expertise, in exchange for a 55% interest in the project.
Location of the La Preciosa Project
La Preciosa property is located in Durango State, 47 km northeast of the city of Durango (Figure 1). It consists of a block of mineral exploitation concessions covering nearly 18,420 hectares located southeast of the village of Francisco Javier Mina, northwest of the village of Francisco I. Madero and east of the village of Ricardo Flores Magon.
History of the La Preciosa Project
Initial discovery of mineralization may date back to the time of the Conquistadors. A coin dated 1736 was found in one of the nearby streams. Early miners, operating in the era of Porfirio Diaz (1876-1911), concentrated mainly on small-scale mining
more...
Geology of the La Preciosa Project
La Preciosa property covers Tertiary aged gold and silver bearing epithermal quartz veins, with barite and lesser quantities of base metals, primarily zinc and lead. There are two major vein and vein-breccia systems exposed on a series of hills and
more...
Reserves and resources of the La Preciosa Project
Tonnage
Grade
Reserves and resources
Silver
Gold
Silver
Gold
g/t
g/t
oz
oz
Indicated
24,800,000
142.00
0.28
113 222 069
223 255
Mesured and Indicated
24,800,000
142.00
0.28
113 222 069
223 255
Inferred
15,200,000
96.00
0.17
46 914 369
83 078
Total
40 000 000
160 136 439
306 332
Definitions
Reserves and resources of the La Preciosa Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Silver
160 136 439
113 222 069
113 222 069
46 914 369
oz
3 588 657 587 US$
Gold
306 332
223 255
223 255
83 078
oz
421 105 841 US$
Production
8/11/2011
(Pan American Silver)
AND ORKO SILVER RELEASE POSITIVE PRELIMINARY ECONOMIC ASSESS...
Exploration and drilling
2/16/2012
(Orko Silver)
Provides an Update of Activities at La Preciosa
2/20/2011
(Orko Silver)
has Retained the Services of AMEC for a Review of La Precios...
7/6/2010
(Orko Silver)
La Preciosa Drilling Yields 46 Metres of 219 g/t Silver-Equi...
12/17/2009
(Orko Silver)
Pan American Silver and Orko Silver Announce Positive Test R...
9/9/2009
(Orko Silver)
Delineation Drilling by Pan American Confirms Orko Results 3...
6/23/2009
(Pan American Silver)
& Orko Begin Comprehensive Drilling & Development Program at...
6/23/2009
(Orko Silver)
Pan American Silver and Orko Silver Begin Comprehensive Dril...
6/16/2009
(Orko Silver)
Surface Trenching of Nancy Vein Yields Excellent Results
4/17/2009
(Orko Silver)
Clarification of Joint Venture Agreement
4/14/2009
(Pan American Silver)
and ORKO SILVER TO JOINTLY ADVANCE THE "LA PRECIOSA" SILVER ...
4/14/2009
(Orko Silver)
Pan American Silver & Orko Silver to Jointly Advance The "La...
10/10/2007
(Orko Silver)
Adds Fourth Drill Rig
Discoveries and Drilling Results
5/3/2010
(Orko Silver)
More drill results at La Preciosa
11/13/2009
(Orko Silver)
Continues to Receive Encouraging Drilling Results
2/18/2009
(Orko Silver)
Increases and Upgrades La Preciosa Resource Estimate
10/22/2008
(Orko Silver)
Extends Martha Vein by 400 Metres
9/8/2008
(Orko Silver)
Hits 26 Metre Intercept on Martha Vein
7/22/2008
(Orko Silver)
Reports Multiple Hits into Martha Vein at La Preciosa
4/28/2008
(Orko Silver)
Hits 25.59 metres grading 222.3 g/t Silver-equivalent on Mar...
4/17/2008
(Orko Silver)
Metallurgical Test Results Indicate Silver Recoveries Approa...
11/19/2007
(Orko Silver)
Hits 16.55 metres grading 377.7 g/t silver-equivalent on Mar...
10/1/2007
(Orko Silver)
Increases Resource Estimate by 86% to 73.1 Million Ounces Si...
9/19/2007
(Orko Silver)
Continues to Hit Wide High Grade Intercepts at La Preciosa
9/19/2007
(Orko Silver)
Reports High Grade Assay Results from Transversal Vein
6/5/2007
(Orko Silver)
Continues to Hit Major Silver-Gold Intercepts at La Preciosa
5/30/2007
(Orko Silver)
Intercepts 19.05 metres of 239.6 g/t Silver-Equivalent
5/9/2007
(Orko Silver)
Hits Major Intercept in Martha Vein at La Preciosa
4/18/2007
(Orko Silver)
Delivers More Positive Drilling Results from La Preciosa
2/25/2007
(Orko Silver)
Santa Monica Project Yields Excellent Gold and Silver Values...
2/12/2007
(Orko Silver)
Hits Highest Grade Gold Intersection at La Preciosa
8/23/2006
(Orko Silver)
Drilling at La Preciosa Continues to Extend Zone of Minerali...
6/7/2006
(Orko Silver)
Drilling at La Preciosa Confirms Mineralization at Depth
8/9/2005
(Orko Silver)
: La Preciosa Drilling Hits Further High Grade Silver/Gold M...
Location
Data last updated on : 3/31/2009
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