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Discover - Develop - Deliver
Esperanza Resources is a rapidly emerging company committed to the development of its advanced-stage, precious-metals projects. Since startup in 2002 its geologists have discovered these two exceptional gold projects – the 100%-owned Cerro Jumil in Mexico and the recently sold San Luis project. In 2010 Esperanza made a strategic investment in Global Minerals Ltd and currently holds ~32 percent of the outstanding shares. Its principal asset is the Strieborná silver-copper deposit in Slovakia. The Company's objective is to see its discoveries advance as quickly as possible to production. At the same time it continues to place emphasis on new discovery through its grass-roots exploration programs which provides it with a new project pipeline. Cerro Jumil, Mexico – a newly discovered Mexican bulk-tonnage gold deposit. The deposit contains 935,000 gold equivalent ounces classified as measured and indicated plus 233,000 gold equivalent ounces classified as inferred. The Company has completed the Preliminary Economic Assessment (43-101) evaluating the open-pit and heap-leach recovery operation over a 6 year mine life. The Base Case scenario considers two-stages of crushing prior to heap-leach treatment of the ores. Key results from PEA are highlighted below (all amounts are in US Dollars):
Strieborná, Slovakia – a well defined silver-copper resource ready to be advanced to the feasibility level. This project is currently held through Esperanza’s investment (~29% equity ownership) in Global Minerals Ltd. Strieborná contains 14.3 million ounces of silver and 48.1 million pounds of copper in the measured and indicated categories plus an additional 13.5 million silver ounces and 29.8 million pounds of copper in the inferred category. Adjacent to the past producing Maria Mine, Strieborná contains significant surface and underground infrastructure which should significantly shorten the development cycle. San Luis, Peru – a high-grade gold and silver discovery by Esperanza. It was the subject of a joint-venture with Silver Standard Resources Inc; Silver Standard recently bought Esperanza's minority interest in the project. Esperanza maintains a royalty in all production.
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