Pino Alto Silver Mine
Restarting a dormant, proven silver mine
Property Details
| Location |
Mexico |
| Commodities |
Lead, Silver, Zinc |
| Deposit Type |
Hard rock |
| Mining Phase |
Development |
| Asking Price |
$35,000 USD |
| Available Terms |
For Sale |
| Listing Tier |
Featured |
| Market Status |
Listed |
Summary
We are restarting a dormant silver mine in Mexico, which was hand-mined in the past, with a grade of 900g of silver per tonne. We own all the equipment needed to mine and we will be mechanizing & scaling the operation to 15 tonnes per day; 50+ years worth of mining on the vein; 75+% ROI annually.
Location and Access
The mine is located just outside the town of Zimapan, in the state of Hidalgo, Mexico.
Description
Cinzano is a junior mining company in Mexico and has obtained exclusive mining rights to this dormant silver-lead-zinc mine in the mining-friendly state of Hidalgo.
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 50+ years of mining at 360 tonnes per month. We are operating on the assumption of an average grade of ore of 900 grams silver, 9.4% lead, 2.9% zinc per tonne.
We have all the equipment that we need on the site, including scooptram, mining truck, drills, compressor, crushing assembly, etc. We will build a processing plant outside the mine for fast and efficient milling. The mine infrastructure, including an adit (tunnel) to the vein. A little bit of work still needs to be done on the adit which will take roughly 1 month.
Annual profits, after tax, are projected to be approximately $2.6m, once we are fully established, at current tonnage rate and price of metals.
We currently looking for a little extra funding to see us through to steady cashflow. We are selling 3 shares (3%) in Cinzano for $105,000 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 $26,000 USD annually (at 15 tonnes per day) as a dividend payment when the mine is fully operating and at current prices of the metals.
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