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Cerro Jumil, Esperanza Resources’ (EPZ – $1.14) silver/gold project in Morelos State, Mexico, was described in a September 2011 Preliminary Economic Assessment, as a typical open pit, heap leachable project with an estimated average production of 106,000 ounces of gold per year, which can be mined at $499 per ounce. Moreover, positive analytic results from an ongoing drill program should […]
Read moreIn September 2011, a Preliminary Economic Assessment (PEA) was published for Cerro Jumil, the most advanced property of Esperanza Resources (EPZ – $1.32). Based on a resource estimate of 935,000 gold equivalent ounces in the measured and indicated categories, and 252,000 gold equivalent ounces in the inferred category, the PEA describes the property as a typical open pit, heap leachable […]
Read moreWe like Esperanza Resources (EPZ – $1.72) because the Company’s two most advanced projects have a strong NI 43-101 resource estimate with lots of potential for expansion. EPZ’s 100% owned Cerro Jumil silver/gold property in Mexico has an NI 43-101 resource estimate with 935,000 gold equivalent ounces in the measured and indicated categories and 233,000 gold-equivalent ounces in the inferred […]
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