https://www.engineeringnews.co.za
Electrical|Exploration|Gold|Power|PROJECT|Road|System|Systems|Water|Infrastructure
Electrical|Exploration|Gold|Power|PROJECT|Road|System|Systems|Water|Infrastructure
electrical|exploration|gold|power|project|road|system|systems|water|infrastructure

Orex and Pan American Silver form JV to develop Mexico project

27th March 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Canada-based junior exploration company Orex Minerals has entered into an agreement to form a joint venture (JV) with TSX-listed Pan American Silver, through its subsidiary Plata Panamericana (Pan American), to further explore and develop the Sandra project, formerly the Sandra-Escobar project, in Durango, Mexico.

Terms of the JV arrangement are based on a letter of agreement signed in July 2019. 

The Sandra project is a consolidation of two groups of claims, each controlled by the two participant parties.

Orex and Pan American will own a 40% and 60% interest, respectively, in a new JV company that will be formed for the project.

Orex intends to finalise an initial programme and budget with Pan American and begin work on the project as soon as possible.

The project consists of the Sandra property of 6 335 ha and Escobar property of 635 ha of mineral concessions and covers multiple mineralised epithermal quartz veins, disseminated horizons and breccia structures.

These mineralized features form a high-level silver/gold/base metals system, hosted in andesitic and rhyolitic rocks, cantered on a large rhyolite dome complex in the north and silver systems in smaller rhyolite dome complexes to the southeast.

Intense alteration zones and fluid flooding in permeable formations indicates the presence of bulk tonnage targets.

Excellent infrastructure exists in the Sandra-Escobar area, including paved road access, electrical power, water and manpower from nearby communities.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.073 0.136s - 160pq - 2rq
Subscribe Now