Three years into exploring the Las Chispas district in Sonora, Mexico, Silvercrest Metals‘ (TSXV: SIL) Las Chispas project is picking up speed. The company has secured financing shortly after Mexico’s environment ministry gave Silvercrest the green light to develop the project.
The Las Chispas property consists of 28 concessions totalling 14 square kilometres. The project is located 180 km northeast of Hermosillo and 12 km south of the community of Arizpe with a population of 2,200.
Geologically, host rocks at Las Chispas are volcanic tuffs, rhyolites, agglomerates and rhyolite breccias. The historic Las Chispas mine produced spectacular silver mineral specimens, including polybasite, stephanite, native silver and pyrargyrite.
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