Issue link: http://resourceworld.uberflip.com/i/1174544
14 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 9 the company is actively exploring from underground, the western extension of the Silvana Mine, along the Main Lode. The Main Lode is a 9-kilometre structure and the most prolific mineralized structure in the Slocan Mining Camp. There are 13 historical mines that are situated along the Main Lode, a structure that has produced 886,000 kilograms of silver, 117 million kilograms of lead, and 95 million kilo- grams of zinc. Kootenay Silver Inc. [KTN-TSXV] is a Canadian and Mexico-based silver com- pany. It is focused on developing two major silver projects in Mexico, including the La Cigarra silver project in Chihuahua, the Promontorio Project and the La Negra silver discovery in Sonora. The La Negra discovery was made in the fall of 2014 and is one of several new prospects recently identified within a 25 by 15-km mineralized corridor referred to as the Promontorio mineral belt. La Negra has been compared to Pan American Silver Corp.'s Alamo Dorado Mine located 190 km to the south. Like Alamo Dorado, La Negra is thought to be amenable to a low strip, open pit mining situation. At the former Columba silver mine in Chihuahua, recent drilling intersected 1,070 g/t silver over 0.9 metres within 516 g/t silver over 2.9 metres and 408 g/t silver over 4.85 metres within 33.5 metres of 112 g/t silver. Metallic Minerals Corp. [MMG- TSXV; MMNGF-OTC] has signed an option agreement to acquire a 100% interest in the La Plata silver-gold-copper property in southwest Colorado from two private ven- dors. The road accessible property covers 32.7 km 2 approximately 26 km northwest of Durango within the historic high-grade La Plata mining district. The company also holds the Keno silver property adjacent to the Alexco's Keno Hill silver project in the Yukon as well as the 100%-owned McKay Hill Project, also in the Yukon. New Pacific Metals Corp. [NUAG- TSXV; NUPMF-OTCQX] continues to report wide intercepts of silver mineralization at its 100%-owned Silver Sand Project in the Department of Potosi, Bolivia. Drilling highlights (hole DSS52206) included 165.5 metres grading 204 g/t silver from 78.8 to 239.3 metres, including 93.5 metres of 336 g/t silver (73.8-167.3m), and also including 45 metres of 641 g/t silver (116.3-161.3m). Other holes yielded similar good results such as hole DSS447502 that returned 68.8 metres of 153 g/t silver 65.5-135.18 metres, including 4.5 metres of 1,140 g/t silver (66.5-71.0m), and also including 3.25 metres of 851 g/t silver (87.75-91.0m). With a $12 million budget, New Pacific plans to drill 55,000 metres by March 2020. The objective of the drill program is to work towards the preparation of a NI 43-1010 compliant resource estimate by year-end. The company has $20 million in its treasury so it is well-funded for work programs as well as its plan to build an exploration camp. The Silver Sand Project is accessible being 54 km from Potosi of which 27 km is paved and the rest a year- round gravel road. The company also holds five other early stage exploration projects. Of note, New Pacific has signed a Mining Production Contract (MPC) with state- owned mining company COMIBOL which gives it exploration and mining rights for 45 years over an area of approximately 57 km2 that encompasses the ground surrounding the Silver Sand Project. The MPC is subject to a 4% royalty payable to COMIBOL for all minerals produced. New Pacific Metals is owned as to 27.8% by Silvercorp Metals Inc. [SVM- TSX, NYSE American] and 16.2% by Pan American Silver. The Bolivian government is pro-mining and is seeking to attract seri- ous explorers and mine builders. Pan American Silver Corp. [PAAS- TSX, NASDAQ] agreed last year to acquire Tahoe Resources Inc. in a US $1 billion transaction that was designed to make Pan American the world's largest premier silver mining company. Prior to that agree- ment, Tahoe operated the Escobal Mine in Guatemala, the La Arena and Shahiundo gold mines in Peru and the Timmins West and Bell Creek gold mines in Canada. The Escobal deposit is an intermediate-sul- fidation silver-gold-lead-zinc vein deposit hosted in tertiary andesite and volcanicla- stic sedimentary rocks. Pan American has 10 mines located in Mexico, Peru, Canada, Bolivia, and Argentina as well as a number of explora- tion properties. For Q2 2019, the company produced 6.5 million ounces of silver and gold production of 154.6 thousand ounces. Zinc, lead and copper production totalled 17.4 thousand tonnes, 6.8 thou- sand tonnes, and 2.1 thousand tonnes, respectively. Prophecy Development Corp. [PCY- TSX; PRPCF-OTCQX] holds a 100% interest in the high-grade Pulacayo sil- ver-lead-zinc project in Bolivia's silver triangle. Located between Coeur Mining Inc.'s [CDE-NYSE] San Bartolome Mine and Pan American Silver Corp.'s [PAAS-TSX, NASDAQ] San Vincente Mine, Prophecy's Pulacayo Project is an advanced stage proj- ect hosting two known silver-lead-zinc mineral deposits. The Pulacayo deposit consists of a NI 43-101-compliant indicated resource of 30.4 million ounces of silver at an average grade of 594 g/t silver equivalent and an inferred resource of 6.3 million ounces of silver The nearby Paca deposit contains a NI 43-101 compliant inferred resource of 20.0 million ounces of silver at an average grade of 342 g/t silver equivalent. These esti- mates are based on over 98,000 metres of diamond drilling work that has been con- ducted since 2005. Rockhaven Resources Ltd.'s [RK-TSXV] key asset is the wholly-owned Klaza Project located in the Dawson Range Gold Belt of southern Yukon. Rockhaven recently announced an updated resource estimate for the high-grade Western BRX, Central BRX, Central Klaza and Western Klaza zones. The project contains an indi- cated resource of 686,000 ounces of gold and 14 million ounces of silver (or 907,000 ounces of gold equivalent). Drilling is underway. Sierra Metals Inc. [SMT-TSX, Lima; SMTS-NYSE American] is a mid-tier pre- cious and base metals producer with a portfolio that includes the Bolivar and Cusi mines in Mexico. The company has said it expects to produce 29.8-33.4 SILVER