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Silverco Completes Promontorio Dewatering; Rehabilitation Work Underway
TMX Newsfile· 2026-01-06 22:11
Core Viewpoint - Silverco Mining Ltd. has achieved significant operational milestones at its Cusi Project in Mexico, including the completion of dewatering at Promontorio, which is essential for the planned restart of production [1][3][4]. Operational Update - Dewatering of the underground workings at Promontorio has been successfully completed, allowing full access to the initial restart zone [6]. - A project manager has been hired to oversee the mine restart, with key discipline managers being recruited to build the project and operations team [6]. - Early-stage rehabilitation works have commenced, including ramp scaling and ground support installation [6]. - JDS Energy & Mining Inc. has been engaged to produce a Restart Study, which is progressing well and will utilize the updated Mineral Resource Estimate [6][9]. - Metallurgical optimization test work is nearing completion, with results expected shortly [6][10]. - Crews are repairing and upgrading essential underground services to meet production requirements [7]. Resource Estimate - The updated Mineral Resource Estimate (MRE) confirms Cusi as a high-grade silver-primary project, with significant resources outlined [10]. - The MRE includes: - Measured: 0.69 million tonnes at 277 g/t Ag - Indicated: 4.21 million tonnes at 195 g/t Ag - Inferred: 4.07 million tonnes at 172 g/t Ag [11]. Corporate Milestone - Silverco plans to apply for graduation to a Tier 1 Issuer on the TSX Venture Exchange, reflecting the company's increased scale and asset quality [12]. Exploration and Future Plans - The company is finalizing its 2026 exploration program, with field activities expected to resume by mid-Q1 2026 [13][14]. - A property-wide LiDAR survey has been completed to optimize target generation for the upcoming exploration season [14].