Gold and silver were discovered at Los Reyes by the Spanish in the late 1700s and mining occurred in the area for over 150 years up until the 1950s. The Guadalupe de los Reyes underground mine opened in the late 1800s and to-date is the most significant source of gold production in the district. It is estimated to have produced 500-600,000 oz of gold and 40M oz of silver at reported grades of +10 g/t Au and +500 g/t Ag.
“Los Reyes is an exceptional opportunity for exploration and potential development poised to fast-track through a preliminary economic assessment (PEA) with a construction decision based on low capital expenditure and reduced technical risks. The Company will work to complete the feasability study while continuing to drill in order to expand existing data as well as identify promising new targets.”
Company CEO, Andrew Bowering