Esperanza Silver de Mexico, S.A. de C.V. Expands Community Work with Tetlama
Esperanza Silver de Mexico, S.A. de C.V. Expands Community Work with Tetlama
Vancouver, BC – May 10 2023. Zacatecas Silver Corp. (the “Company”, ZAC:TSX Venture; ZCTSF: OTC
Markets; 7TV: Frankfurt) is pleased to report that Esperanza Silver de Mexico, S.A. de C.V., a subsidiary
of the Company, continues to build on its strategic alliance with the Tetla ma community, the host
community of the Esperanza Gold Project.
Tetlama, a community of landowners within which 100% of the Esperanza Deposit and key
infrastructure is located, supports the development of the mining operations and as host community
to the project, continues to work closely with Zacatecas as the Company advances the project forward.
The Company continues to provide on -going social benefit support with programs currently
implemented including: medical assistance, funerary compensation, educational scholarships, and the
community forest fire fighting brigade. The forest fire fighting brigade employs fifteen (15) people
from the Tetlama community, for the duration of the dry -season (January to June), when the risk of
fires is greatest. Recently, the Company has agreed to provide financial support for the construction
of the first stage of a new community cemetery, combining resources with the community nucleus ,
an important initiative identified by Tetlama as being crucial infrastructure for the community.
Esperanza Silver de Mexico S.A. de C.V., General Manager, Jos Hantelmann states, “We are pleased to
contribute to the construction of a new cemetery, which is an essential infrastructure project that will
serve the community in the years to come. Having access to a cemetery is of the utmost importance to
satisfy religious beliefs and to fulfil human dignity.”
As announced on February 14, 2023, Esperanza Silver de Mexico S.A. de C.V entered into a strategic
alliance with the Tetlama community for the ongoing development of the Esperanza Gold Project,
which is located within Tetlama. As part of the strategic alliance, the Tetlama community confirmed
that the extraction of minerals is a strategic activity to further the development of the Tetlama
community. Accordingly, each of the Company and the Tetlama community are firmly committed to
develop the Esperanza Gold Project for the benefit of all stakeholders.
About Zacatecas Silver Corp.
The Company has two key projects. The Esperanza Gold Project in Morelos State, Mexico and the
Zacatecas Silver Project in Zacatecas State, Mexico.
Esperanza is an advanced stage, attractive low -cost, low -capital-intensity and low -technical-risk
growth project located in Morelos state, Mexico. Alamos has progressed the project through
advanced engineering, including metallurgical work, while also focusing on stakeholder engagement,
including building community relations. The Company announced a Mineral Resource Estimate at
Esperanza consisting of a M easured and Indicated Mineral Resource Estimate of 30.5 million tonnes
at 0.97 g/t AuEq for 95 6 thousand ounces AuEq and an Inferred Mineral Resource estimate of 8.7
million tonnes at 0.98 g/t AuEq for 277 thousand ounces AuEq (see news release dated November 16,
2022).
The Zacatecas Silver Project is located in Zacatecas state, Mexico, within the highly prospectiv e
Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. The Company holds 7,826
hectares (19,338 acres) of ground that is highly prospective for low -sulphidation and intermediate -
sulphidation silver base metal mineralization and pote ntially low -sulphidation gold -dominant
mineralization. The Company announced a Mineral Resource Estimate at the Panuco Deposit
consisting of 2.7 million tonnes at 187 grams per tonne (g/t) silver equivalent (AgEq ) (171 g/t silver
(Ag) and 0.17 g/t gold (Au)) for 16.4 million ounces AgEq (15 million ounces silver and 15,000 ounces
gold) (see news release dated December 14, 2021).
The property is 25 kilometres (km) southeast of MAG Silver Corp.'s Juanicipio Mine and Fresnillo
PLC's Fresnillo Mine. The Property shares common boundaries with Pan American Silver Corp. claims
and El Orito, which is owned by Endeavour Silver.
On behalf of the Company
Bryan Slusarchuk
Chief Executive Officer and Director
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They a re not guarantees of future performance.
Zacatecas cautions that all forward looking statements are inherently uncertain and that actual
performance may be affected by many material factors, many of which are beyond their respective
control. Such factors include, among other things: risks and uncertainties relating to Zacatecas’ limited
operating history, its proposed exploration and development activities on i ts Esperanza Gold Project
and Zacatecas Silver Project and the need to comply with environmental a nd governmental
regulations. Accordingly, actual and future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or implied in the forward -looking
information. A Pre-Feasibility Study has commenced for the Esperanza Gold Project which will provide
further information as to economic projections and assumptions related to the project, however there
are currently no assurances that the project will be economically viable nor assurances that necessary
financing, permitting, and metal prices will exist to enable development. Except as required under
applicable securities legislation, Zacatecas does not undertake to publicly update or revise forward -
looking information.
Neither TSX Venture Exchan ge nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Adam Ross, Investor Relations, Direct: (604) 229-9445, Toll Free: 1(833) 923-
3334, Email: [email protected]