Bilbao Ag-Zn-Pb-Cu Development Project
The Bilbao project is located in the Panfilo Natera Mining District, approximately 50 km east of the state capital, Zacatecas and consists of 1,406.7 hectares comprising nine exploitation concessions.
Drilling by Xtierra has outlined a resource (NI 43-101 compliant) of 10.62 million tonnes indicated resources at an average grade of 2.00% lead, 0.19% copper, 2.13% zinc and 53.81 g/t silver and 0.43 million tonnes of inferred resources at an average grade of 1.73% lead, 0.18% copper, 1.44 zinc and 46.39 g/t silver.
The Bilbao deposit can be classified as a sulphide replacement deposit with a skarn overprint adjacent to the La Blanca granodiorite intrusive.
The Company owns a 100% ownership interest in the property subject to a 1.5% NSR royalty to a previous owner.
Xtierra is in the final stages of completing a Feasibility Study on the deposit.