Canada’s Santacruz Silver Mining (TSXV: SCZ) is one step closer to becoming the owner of the Zimapan silver mine in Mexico as it recently signed a deal that involves a $20-million payment for the asset The definitive agreement was signed between Santacruz’s subsidiary In a press release Santacruz said that included in the acquisition are the Zimapan processing facility with a capacity of 75,000 dry metric tonnes per month and zinc lead and copper circuits; surface and underground infrastructure; and 34 mining concessions covering an area of 5,139 hectares including the highly prospective 337-hectare Santa Gorgonia 1 concession.  Zimapan produced 1,007,478 ounces of silver “The mining concessions are all located proximate to the municipality of Zimapan,” the company said in a media release Carrizal has identified 14 mineral zones that are characterized as polymetallic replacement mineralization of Pliocene age zinc and copper minerals have preferentially replaced the carbonate host rocks and pre-existing skarn bodies to produce disseminated semi-massive sulphide and massive sulphide bodies that occur in proximity to monzonitic intrusions and quartz-feldspar porphyry dikes.” Following the completion of the acquisition the company plans to implement operational efficiencies achieve quarterly production of approximately 200,000 wet metric tonnes by Q3-2021 and further explore opportunities for growth on the property Located in the eastern Hidalgo state, Zimapan was operated by Peñoles from 1964 until it leased the property to Santacruz in August 2009. In 2020, the mine produced 1,007,478 ounces of silver Gruyere gold mine joint venture partners Gold Fields and Gold Road Resources reach agreement on a friendly deal to consolidate ownership. The initiative will be delivered through the regional joint venture established by Fleet Space Technologies and Tahreez. The US central bank is widely expected to hold rates steady in this meeting. Romania has major reserves of rare earths, gold and copper, which have attracted interest from Canadian and American firms. This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page A Hidalgo mayor is calling for the re-categorization of a national park in order to legalize mining activity within its borders Los Mármoles (The Marbles) National Park covers 23,000 hectares in the municipalities of Zimapán Pacula and Nicolás Flores and is home to a number of endangered animals including black bears Former president Lázaro Cárdenas signed a decree to establish the national park in 1936 and since then all mining activity has been illegal But Zimapán Mayor Érick Marte told the newspaper Milenio that a large number of people continue to live from the extraction of marble in the park He argued that the national park designation should be lifted so that mining activity can be regulated There is a lot of interest: 70 applications for mining concessions have already been made That doesn’t mean that [all] 70 would be in a position to work [but] there are at least five gold What we’re asking is for it to be categorized differently from a national park,” he said “Production would at least double in Zimapán which is recognized as the mining capital of Mexico,” the mayor said adding that legalizing mining in Los Mármoles is a good idea because the local economy would benefit and more resources would be injected into the federal government’s mining fund an official with the Natural Protected Areas Commission acknowledged that mining activity has been going on in the Zimapán area since 1700 and that some local communities have been calling for a change to Los Mármoles’ national park designation for at least 12 years “This proposal comes out of the communities explaining that most of the pressure to strip Los Mármoles of its national park designation has come from residents of Zimapán Tavera said the federal government will be “very responsible” in the granting of any concessions adding that President López Obrador has made it clear that new mines will only be authorized if they will benefit communities equitably and not harm the environment state and municipal authorities are currently working with local communities to develop a management plan for Los Mármoles noting that the fact that the park is an important habitat for large mammals has been “placed on the table.” The president of the Los Mármoles Advisory Council said that a better idea would be to focus on developing and promoting ecotourism in the park Source: Milenio (sp)  ADVERTISE WITH MND COMMUNITY GUIDELINES Subscription FAQ's Privacy Policy Mexico News Daily - Property of Tavana LLC MARS HILL - When Community Housing Coalition moved into the former Cinco de Mayo building in Marshall in April Madison County residents wanting to eat at a Mexican food restaurant have had to drive into Asheville or Burnsville Garcia opened Ríos Mexican Kitchen in downtown Mars Hill in the former Ba'ad Sheep Burritos building on Main Street Garcia's stepfather owns the Burnsville restaurant of the same name he has actualized his boyhood dream of opening a restaurant as owning restaurants has been something of a rite of passage in his family which is full of restaurateurs across different generations "I started working when I was 13 at the other Ríos in Burnsville," Garcia said and they would drive like 40 minutes to an hour 'What if I find a place where more people are?' "My dream was to go to college and study culinary to become a chef It's been my dream since I was 10 years old to open a restaurant My mom has another restaurant close to Mexico City located in the Hidalgo state of central Mexico He moved to Western North Carolina in 2016 While Garcia paid his dues working his way up from a dishwasher in the Ríos kitchen as a teen in Burnsville now some of his family members are repaying the favor "Sometimes my mom comes to the restaurant and helps me serve tables," Garcia said She has four years experience working as a server." Garcia said the Mars Hill restaurant's menu was inspired in part by dishes from the original Ríos but also by the dishes from the family's hometown of Zimapan we have street tacos - traditional Mexican tacos But some people go to the restaurant and say but no onions or cilantro?' and I'm (thinking) that's not Mexican food.' But they prefer that traditional food if they're not going to eat it You'll find these plates in my cousin's restaurant in Mexico and these plates in my grandma's restaurant in Mexico all these new plates are real Mexican food." Garcia said Madison County residents have expressed a noticeably bigger interest in authentic Mexican food than the clientele in Burnsville it's totally different than the one in Burnsville "They ask for spicy salsa or real traditional food because I prefer for them to try something different You cannot find these plates in (many Asheville and Weaverville) Mexican restaurants." According to Garcia, the restaurant, which opened in July, has been well received by residents and local business owners, including Stackhouse owner Nathan McMahan and Papa Nick's owner Debi Nikla "When we started doing stuff on the building like putting in a new floor people would walk in front of the restaurant and say "The owner of Papa Nick's is my friend, and she comes to the back door and says, 'Hey, can I have a salad?' and I say, 'Yes, can I have a ravioli?' So, we exchange food and all that. Debi's a good person. The people at (Camden's Coffee House) The restaurant offers a lunch and dinner menu with more affordable options for thrifty college students on tight budgets Garcia said he sometimes has to pinch himself to remind himself that he's living out his dream and while other people his age may be focused on material things Garcia said his aim is on expanding his restaurant including plans for a bar at the restaurant 'It's a great location in a college town with two great restaurants on the side,'" Garcia said "I've had this idea (of owning a restaurant) all my life 'One day I'll own a restaurant.' Then we came to this country and I started working Most guys my age are spending their money on new cars When I took this money out of my bank account 'Maybe I could buy a new Mercedes.' But instead Ríos Mexican Kitchen is located at 14 South Main St The restaurant is open Monday through Friday from 11 a.m and Saturday and Sunday from noon to 8:30 p.m Visit the restaurant's Facebook page at https://www.facebook.com/riosmexica Bates geology students will present the results of their work in Zimapán at the 1996 Northeastern Section Meeting of the Geological Society of America on Friday from 8 a.m to noon in the Grand Ballroom C-G of the Hyatt Regency Hotel in Buffalo Seniors Erica Montgomery and Sara Tichenor spent the summer of 1995 analyzing the structural geology and aqueous geochemistry of the ground water aquifers in Zimapán They were working under the direction of Lois Ongley Aurora Armienta (National Autonomous University of Mexico Pa.) and Helen Mango (Castleton State College The drinking water in Zimapán has an average arsenic concentration of 0.3 mg/L The World Health Organization drinking water standard is 0.05 mg/L The residents of Zimapán are beginning to show ill health effects of chronic arsenic poisoning which include skin cancer and kidney and liver disease Montgomery and Tichenor are trying to determine the source of the arsenic and the pathway by which it enters the groundwater supply Montgomery made a geologic map of the area of El Muhi near the public water supply well with the highest concentration of arsenic (1.1 mg/L) Tichenor was part of a team that sought out sources of drinking water (wells and springs) to analyze the water chemistry A significant result of this work is that the municipal authorities have closed the El Muhi well and opened another whose water has much less arsenic (0.006 mg/L) plans to become a secondary school teacher after graduation and website in this browser for the next time I comment You’ll receive weekly emails with the latest news from Bates Please enter your name and e-mail address to receive updates from Bates College You'll receive an e-mail confirmation within an hour If you would like to change your subscriptions open one of your Bates Update e-mails (BatesNews Sports Update or Events at Bates) and click on "Change Subscriptions." Industrias Peñoles sold its Zimapan Mine to Santacruz Silver Mining Ltd plus the applicable Mexican value added tax of $ 3.2 million Santacruz Silver Mining entered into this transaction through its wholly owned subsidiary signing a legally binding term sheet with Minera Cedros a wholly owned subsidiary of Industrias Peñoles the Zimapan Mine is currently leased by Carrizal de Minera Cedros The Zimapan Mine has had a long mining history with recent production of the last 10 years carried out by Carrizal under a mining lease with Minera Cedros mining operations relied on underground diamond drilling programs Santacruz completed the acquisition of Carrizal in October 2019 Assets to be acquired pursuant to the transaction include: If Carrizal pays all outstanding royalties owed to Minera Cedros in connection with the existing lease of the Zimapan mine which currently amounts to approximately $ 1.05 million 2020 and subject to Carrizal maintaining a guarantee through of a bank letter of credit or similar instrument in favor of Minera Cedros in the amount of 1 million dollars with a maturity date of February 15 then Carrizal has the right to request an extension of the closing period until January 31 you can request an extension of the closing period until March 31 2021 if said guarantee is increased to $ 2 million and the purchase price increases by 10% after December 15 stated: «This would be a transformative transaction for Santacruz by adding the Zimapan mine which I have had the privilege of leading for the past 12 years to the Company’s existing mining projects.» Peñoles is the world’s largest producer of refined silver and the most important of metallic bismuth in America Peñoles is a Latin American leader in the production of refined gold and lead and is among the world’s leading producers of refined zinc and sodium sulfate Peñoles shares have been listed on the Mexican Stock Exchange since 1968 Redacción: 7224059128info@opportimes.com Santacruz Silver Mining Ltd. reported on Tuesday that its wholly owned subsidiary, Carrizal Mining, reached an agreement with Minera Cedros, a wholly owned subsidiary of Industrias Peñoles to extend the current lease of the Zimapan mine from December 31 Santacruz Silver reported that it and Minera Cedros are in an advanced stage of negotiations regarding the terms of the execution of the transaction through which Santacruz will acquire the Zimapan Mine and all related assets Santacruz Silver reported that it is in advanced discussions with a senior mine financing group regarding the launch of a financing facility to support the acquisition of the Zimapan mine and related assets CEO of Santacruz commented: “Management is very pleased to have reached this complacent mining lease extension agreement with Minera Cedros in these difficult times of Covid-19 operation We believe that we are on track to complete the acquisition of the Zimapan mine in early 2021 ” It is a silver company with a Mexican focus that currently owns and operates the Rosario mine The company also owns 100% of Carrizal Mining Carrizal Mining has a 20% working interest in the Company’s Veta Grande Project and has the right to operate the Zimapan Mine until June 30 The acquisition of the Zimapan mine and related assets is subject to a number of conditions including receipt of all necessary regulatory approvals The company is managed by a technical team of professionals with a proven track record in the development operation and discovery of silver mines in Mexico Its corporate goal is to become a mid-level silver producer 43,000+ global companies doing business in the region 102,000+ key contacts related to companies and projects news and interviews about your industry in English