:: US Miner To Acquire Mexico Silver Tailings Project

US-based gold and silver producer Sterling Mining Company has confirmed that it has signed a memorandum of understanding (MoU) for a 60-day option to acquire the Baroness silver tailings project, near Zacatecas, Mexico.

The Baroness project reportedly consists of up to five-million tons of finely ground tailings, with an average grade of three ounce a ton silver and 0,02 oz/t gold, yielding a total of up to 15-million ounces of silver and 100 000 oz of gold. The company said that estimated mineral recovery, using environmental-friendly calcium or sodium thiosulphate leaching, is reportedly at least 60%, although the company is confident that this figure could be improved significantly with additional metallurgical research.

The project includes necessary processing infrastructure.