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Gatos Silver Provides Updates on Cerro Los Gatos Mineral Reserve, Mineral Resource and Life of Mine Plan
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Operator
Ladies and gentlemen thank you for standing by and welcome Gatos Silver Q4 and year-end 2020 earnings call. [Operator instructions] I would now like to hand the conference over to your speaker today Mr. Stephen Orr, CEO. Please go ahead.
Stephen Orr
Chief Executive Officer
Thank you. I d like to welcome everyone to Gatos Silver year-end and Q4 2020 earnings call. Before I get started, I just want to remind participants on this call that I will be making forward-looking statements with regard to future events. And by their very nature, they re subject to some degree of variability.
So turning to Slide No. 3. Our initial public offering in October of 2020 raised 173 million of proceeds to continue adding value to Gatos Silver s Cerro Los Gatos mine in the Los Gatos district. In March, we completed the purchase of 18.5% additional interest in the Los Gatos district and we now are 70%b owner of the entire district.
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Gatos Silver Commences Drilling at Its 100% Owned Santa Valeria Project
March 11, 2021 GMT
DENVER (BUSINESS WIRE) Mar 11, 2021
Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) is pleased to announce drilling has commenced at its Santa Valeria project.
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Santa Valeria Location Map (Graphic: Business Wire)
The Santa Valeria project, located in southern Chihuahua, Mexico, is five kilometers east of the Los Gatos Joint Venture’s 103,000-hectare Los Gatos District mineral concession block. Gatos Silver owns 100% of Santa Valeria, which appears to have similar geologic setting to the Cerro Los Gatos deposit on the eastern flank of the same sedimentary basin. Accordingly, the Santa Valeria mineralization is presumed to be related to eastern basin-bounding fault structures, and exploration by previous concession owners identified silver-bearing mine
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