Venturina Mine Project Underground Rehabilitation and Cleaning, Chihuahua, Mexico
10.05.2013 | PR Newswire
HERMOSILLO, Mexico, May 10, 2013 /PRNewswire/ -- Silver Scott Mines Inc. (OTC: SILS.PK) is pleased to announce that cleaning and rehabilitation of underground workings is underway beginning at the first of 2013. Underground rehabilitation of older workings is being done in order to safely access drifts for sampling and further evaluation of the gold-silver vein system. The Venturina vein has exposed length of about 1.5 km. Previous drill holes reveal a vein with good gold and silver values.The Venturina Vein zone, up to 30 meters wide, is partly exposed by workings that were completed circa 1900 by W.C. Greene, who was the famous founder of the giant Cananea copper mine. Federal Highway No. 16, crossing from Hermosillo to Chihuahua City, passes about 10 km north of the mine which is located within 5 km of the Sonora state border in the Western Sierra Madre mountain chain. The operating Mascota gold-silver mine of the Pinos Altos mine complex owned by Agnico Eagle Mining Co. is located about 9 km. southeast of the Venturina on the northwesterly oriented mineralized trend of the region. All mines of the area are similar with epithermal low sulfidation gold-silver mineralization. Other nearby operating precious metals mines include Ocampo and El Concheno, both owned by Minera Frisco, and Moris, operated by Hochschild Mining PLC. The large Ocampo mine complex was recently purchased by Minera Frisco for 750 million dollars from Aurico Gold in mid-October 2012.
Mel Herdrick, president commented, "Silver Scott Mines is advancing the Venturina project toward permitting where we will be developing and exploring one of the remaining outcropping large, strongly mineralized precious metal systems of the northwestern Mexican Sierra Madre mountains. This is a strong opportunity to develop significant surface and underground resources in the project area. Our overall corporate goal, as a junior explorer-miner, is to define, and produce gold and silver commensurate with expansion of each selected project's potential in order to maximize shareholder value." Silver Scott is also currently advancing into production the Carmen Mine silver-gold deposit in northern Sonora.
Company Contact:
Silver Scott Mines Inc.
Melvin Herdrick President, Chief Geologist
mel_herdrick@yahoo.com
Tel 520-906-2711, 520-907-0733 or 52 662 210 040
The source of this news release is Silver Scott Mines, Inc. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate.
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