Location and Access
The mine is located just outside the small town of Zimapan, in the state of Hidalgo. The Zimapan Mining District is a lead-zinc-silver dominated region 153 km north of Mexico City, in the western part of Hidalgo state. The town of Zimapan, has a state population of 50,000 people who rely heavily on the mining of the rich minerals located throughout the Zimapan Mining District.
Description
The vein is a polymetallic, sulfide vein that is visible on surface for 400 meters of the concession. The vein is approximately 1km in depth and the grade will stay consistent throughout because it is a sulfide. The vein was mined by hand in the past, with only a small portion of the vein having been mined (approximately 50 meters down and 100 meters horizontal). The mine contains a minimum of 250,000 tonnes, enough for 34 years of mining at 600 tonnes per month. We are operating on the assumption of an average grade of ore of 900 grams silver, 12.2% lead, 4.4% zinc per tonne.
We have all the equipment that we need to mine including scooptram, mining truck, drills, compressor, crushing assembly, etc. The mine infrastructure, including a tunnel, drive, and headframe are all in place. We will start mining in Q2 2025. We have a mill adjacent to the mine and will be upgrading and retrofitting it to be optimized for our operation, as well as connecting our crushing assembly at the same time. We will start processing the mined ore as soon as its mined. Dividends will start shortly after.
Additional Information
Cinzano will look to buy another set of equipment needed and create another opening on the vein and double output to 40-50 tonnes per day. The mill and crushing assembly have been built to handle the additional tonnage. In the future, we will also look to set up a mining operation on a secondary vein on the property, called El Zapote, which is larger with more tonnage but not as rich.
We currently have the funding we need to get into production and are looking for a capital buffer. We are selling 1 share (1%) in Cinzano for $35,000 USD. There are 100 shares in the company. The minimum investment is $17,500 USD for 0.5% equity. This equity position is in the company and therefore extends to any and all projects and properties that Cinzano establishes, not just Pino Alto. The equity position is also in perpetuity so dividends will be paid for the entire lifespan of our operations. The investor can expect approximately $30,000 USD annually (at 25 tonnes per day) as a dividend payment when the mine is fully operating and at current prices of the metals.