Santacruz Commences Drilling at Veta Grande Project
TSX.V: SCZ
FSE: 1SZ
January 24, 2018
Santacruz Commences Drilling at Veta Grande Project
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that
Carrizal Mining, S.A. de C.V. (“Carrizal”) has initiated a 6,000-meter surface diamond drilling campaign at the
Veta Grande Project located in Zacatecas, Mexico pursuant to the terms of the binding LOI (the “Carrizal LOI”)
between the Company and Carrizal (see press release dated December 14, 2017).
The initial 6,000-meter campaign over 15 drill holes will be focussed on drilling the Veta Grande vein at depth
below the current level being mined by the Company and is expected to also intersect the La Flor, San Jose
and Armados veins that run parallel to the Veta Grande vein.
Carlos Silva, COO of Santacruz, stated “This drill program will allow Santacruz to establish a maiden resource
estimate on the Veta Grande vein in the first half of 2018 ,” Mr. Silva continued “ Following this Phase 1
program the Company’s plan is to broaden the exploration program along the northern strike of the Veta
Grande vein as we are eager to test the strike extent of this important historical vein system.”
About Santacruz Silver Mining Ltd.
Santacruz is a Mexican focused silver company with two producing silver projects (Rosario, including the
Cinco Estrellas property and Membrillo Prospect, and the Veta Grande proje ct and milling facility); and two
exploration properties including the Minilla s property and Zacatecas properties. The Company is managed by
a technical team of professionals with proven track records in developing, operating and discovering silver
mines in Mexico. Our corporate objective is to become a mid-tier silver producer.
About Carrizal Mining, S.A. de C.V.
Carrizal Mining is a Mexican privately owned Company which operates the Zimapan mine in Zimapan Hidalgo
Mexico. The Company operates a 3,200 tpd mill and produces lead-silver, zinc and copper concentrates.
‘signed’
Arturo Préstamo Elizondo,
President, Chief Executive Officer and Director
For further information please contact:
Arturo Prestamo
Santacruz Silver Mining Ltd.
Email: [email protected]
Telephone: (604) 569-1609
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking information
Certain statements contained in this news release constitute "forward -looking information" as such term is
used in applicable Canadian securities laws. Forward -looking information is based on plans, expectations and
estimates of management at the date the information is provided and is subject to certain factors and
assumptions. In making the forward -looking statements included in this news release, the Company has
applied several material assumptions, that the Company's financial condition and development plans do not
change as a result of unforeseen events, that the Company will receive all required regulatory approvals, and
that future metal prices and the demand and market outlook for metals will remain stable or improve.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause
plans, estimates and actual results to vary materially from those projected in such forward -looking information.
Factors that could cause the forward -looking information i n this news release to change or to be inaccurate
include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable,
which could result in lower revenue, higher cost, or lower production levels; delays and/ or cessation in planned
work; changes in the Company's financial condition and development plans; delays in regulatory approval;
risks associated with the interpretation of data (including in respect of the third party mineralized material)
regarding the g eology, grade and continuity of mineral deposits; the possibility that results will not be
consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral
exploration and development activities and to the Comp any as set forth in the Company's continuous
disclosure filings filed under the Company's profile at www.sedar.com. There can be no assurance that any
forward-looking information will prove to be accurate, as actual re sults and future events could differ materially
from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on
forward-looking information or statements. The Company undertakes no obligation to update forward -looking
information or statements, other than as required by applicable law.
Rosario Project
The decisions to commence production at the Rosario Mine , Cinco Estrellas Property and Membrillo Prospect
were not based on a feasibility study of mineral reserves dem onstrating economic and technical viability, but
rather on a more preliminary estimate of inferred mineral resources. Accordingly, there is increased
uncertainty and economic and technical risks of failure associated with this production decision. Producti on
and economic variables may vary considerably, due to the absence of a complete and detailed site analysis
according to and in accordance with NI 43-101.
Veta Grande Project
The decision to commence production at Veta Grande Project was not based on a fe asibility study on mineral
reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and
economic and technical risks of failure associated with this production decision. Production and economic
variables may vary considerably due to the absence of a complete and detailed site analysis according to and
in accordance with NI 43-101.