| Risk and valuation analysis of the REAL DE CATORCE Project |
| Status Risk : Advanced discovery |
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| Title(s) of the REAL DE CATORCE Project |
 | First Majestic Silver Corp.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The property was acquired by First Majestic in November 2009 as a result of the purchase of all the issued and outstanding shares of Montreal based Normabec Mining. The property consists of 22 mining concessions covering 6,327 hectares. |
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| Location of the REAL DE CATORCE Project |
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The Real de Catorce property is located approximately 25 km west of the town of Matehuala in the San Luis Potosí state of México which lies about 259 km to the south of the industrial city of Saltillo and about 170 km north of the city of San Luis Potosí.
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| History of the REAL DE CATORCE Project |
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Real de Catorce is an old mining district with an estimated historic production of 230 million ounces of recovered silver, between 1773 and 1990. The majority of production (150 million ounces) occurred from 1773 to 1776 with the remainder occurring after 1851. A former operator estimated that the average grade of all production over the life of the mines was about 1,350 g/t silver (Grace, 1997).
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