Cyprium Mining (TSXV: CUG) recently started small scale mining at the past producing underground Potosi silver-lead-zinc mine in northern Mexico, with plans to further increase throughput.
Potosi is in Chihuahua’s historic Santa Eulalia district. Discovered in the 1500s, Santa Eulalia ranks as one of Mexico’s top silver and base metal producing districts.
… The Potosi mine, held by the Valenzuela family since the 1950s, operated until 1991, before closing due to labour disputes, high costs and low metal prices.
In the past decade, third generation owner Daniel Valenzuela extracted small amounts of ore from Potosi, with little success until 2014, Lambert notes.
The executive – who co-founded Cyprium in 2012 – notes he became aware of Potosi last year when Valenzuela was looking for a business partner.
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