Exploration & Development
Soracaya Asset
Exploration & Development
The Soracaya Project, acquired by Santacruz Silver in 2022, is a 100%-owned, silver-dominant brownfield project located in the Potosí Department of Bolivia.
The project covers an 8,325-hectare land package with grandfathered mineral rights and hosts an NI 43-101 compliant inferred mineral resource of approximately 4.1 million tonnes grading 260 g/t silver, 1.23% zinc, and 7.23% lead. Mineralization occurs within a polymetallic system hosted in reactivated fault structures with replacement and brecciated sulphides.
Exploration and technical work, including approximately 29.6 km of drilling completed since 1999, have supported the development of a preliminary mine plan finalized in October 2025. Permitting is currently underway, with the Company targeting permitting by Q3 2026 and initial production by Q4 2026.
Soracaya’s proximity to San Vicente Mine, located approximately 4.4 km away within the same mineralized system, provides potential development optionality, including the transportation of mined ore and the possibility of a future toll milling arrangement.
Early Development
Initial production by Q4 2026
Mineral Reserves and Resources
| Grade | Contained Metal | ||||||
| Tonnes (kt) |
Ag (g/t) |
Zn (%) |
Pb (%) |
Ag (koz) |
Zn (kt) |
Pb (kt) |
|
| Inferred Mineral Resources | 4,137 | 260 | 1.23 | 7.23 | 34,550 | 50.9 | 299.1 |
- The Mineral Resource estimate was prepared using a 10.0% zinc equivalent cut-off grade. Cut-off grades were derived from $25.20/oz silver, $1.38/lb zinc and $1.20/lb lead; and process recoveries of 92.1% for zinc, 77.2% for lead and 90.8% for silver.
- Please see NI 43-101 technical report titled “NI 43-101 Technical Report Soracaya Project, near Potosi, Bolivia” with an effective date of January 1, 2024 by Garth Kirkham, P.Geo., and Tad Crowie, P.Eng., available under the Company’s Sedar+ issuer profile.
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