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Resource World - April-May 2019 - Vol 17 Issue 3

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10 www.resourceworld.com A P R I L / M A Y 2 0 1 9 MEXICO Mine. Excellon produced 1.9 million ounces of silver equivalent in 2018, a 27% increase from 1.5 million in 2017. The company's 800 tonne-per-day Miguel Auza facility processes ore from the Platosa Mine. A bulk sample from the San Sebatian Mine will be processed later this year in preparation for a toll milling arrangement with Hecla Mining. Brendan Cahill, President and CEO, said, "During investigation of certain incidents late last year, we learned that a portion of our concentrate had been stolen while in transit from Miguel Auza to the port at Manzanillo. We have taken remediative steps to prevent further incidents and we are working with the Mexican authorities to improve security in the region." Fortuna Silver Mines Inc. [FVI-TSX; FSM-NYSE] is a fast-growing precious met - als producer, operating two low-cost mines in Peru and Mexico. The San Jose Mine in Mexico is located in Oaxaca, which pro- duced 8 million ounces of silver and 53,517 ounces of gold in 2018. This year, the com- pany is forecasting consolidated production of up to 9 million ounces of silver, up to 54,000 ounces of gold, up to 29 million lbs of lead, and up to 44 million lbs of zinc. Gold Resource Corp. [GORO-NYSE] has operations in Mexico and Nevada and produced 26,838 ounces of gold and 1.7 million ounces of silver in 2018. Its Oaxaca Mining Unit consists of a 100% interest in six potential high-grade gold and silver properties in the southern state of Oaxaca. The flagship operation is the Aguila Project, where the Arista underground polymetallic deposit is currently produc - ing gold and silver, as well as copper, lead and zinc. The second operating mine is the Mirador Mine on the Alta Gracia Project. The company's ultimate goal is to have multiple properties feeding ore to the stra - tegically located mill. Impact Silver Corp. [IPT-TSXV] oper- ates two silver production centres within its 100%-owned 623 km 2 claim package in south-central Mexico. They are the Royal Mines of Zacualpan Silver District and the Capire-Mamatla Silver District. The company operates three producing silver mines, which feed the 500-tonne- per-day Guadalupe Production Centre in Zacualpan. Over the past 13 years, over 8.5 million ounces of silver has been produced from the adjacent districts. Levon Resources Ltd. [LVN-TSX] is exploring one of the world's largest sil - ver resources at its 100%-owned Cordero Project in northwest Mexico. The 37,000-hectare property covers an entire porphyry district that hosts the announced resource and numerous exploration targets for bulk tonnage, diatreme hosted, por - phyry-style, and carbonate replacement mineral deposits. Kootenay Silver Inc. [KTN-TSXV; KOOYF-OTC] is involved in two major silver projects in Mexico: the La Cigarra silver project in Chihuahua, and the Promontorio and La Negra silver discovery in Sonora, Mexico. La Cigarra NI 43-101 resource estimate is 51.5 million ounces of silver in the measured and indicated

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