en.Wedoany.com Reported - Mining company Zacatecas Silver Corp., through its subsidiary Desarrollos Mineros Zacatecas Silver, S.A. de C.V., has signed a definitive option agreement with a subsidiary of Heliostar Metals Ltd. to acquire a 100% interest in a portfolio of key exploration assets in Mexico. The transaction includes the Cumaro, La Lola, and Oso Negro assets in Sonora, as well as the Ejutla project in Oaxaca, expanding the company's growth platform in high-grade mining districts.
Under the financial terms of the agreement, Zacatecas Silver will pay a total of $450,000 in cash in installments over three years and plans to issue common shares valued at $750,000. Fourteen percent of the initial stock and cash payments will be temporarily deferred until certain concession registration procedures are completed with Mexican government regulatory authorities.
The acquired asset portfolio is known for its diversity and high-potential mineral reserves. Oso Negro, located in Sonora, is an undrilled intermediate-sulfidation epithermal system, with previous sampling showing consistent gold grades of up to 13.3 g/t and silver grades of up to 953 g/t in vein systems averaging 3 meters in width. Cumaro, also in Sonora, strategically connects to Coeur Mining's El Picacho asset, featuring extensions of low-sulfidation veins. La Lola, in Sonora, increases the district scale through a 1,183-hectare expansion and a 5-kilometer-long vein system. Ejutla, in Oaxaca, adds 10,603 hectares adjacent to the San Jose mine, with indications of Carlin-type mineralization.
Upon exercise of the option, Zacatecas Silver will pay Heliostar a 2% net smelter return (NSR) royalty. The transaction not only enhances the company's competitiveness but also drives precious metal exploration activities within Mexico.
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