Scratch one potential partner on Santa Elena, Gre
Post# of 2057
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Posted On: 09/06/2022 10:57:42 PM
Scratch one potential partner on Santa Elena, Great Panther, filing for bankruptcy.
https://www.prnewswire.com/news-releases/grea...17941.html
Great Panther had the Plomo claim which joins the western boundary of Mexus' Santa Elena claims. The property had some minimal exploration work done but never advanced to any more than exploration and I never heard there was any interest in partnering.
Mine properties in the Sonora change hands frequently. Seems most properties have a string of prior owners all with hope of finding mineable gold.
There are tens of thousands of acres in close proximity to producing mines that do not contain economic gold, hence the crapshoot nature of mining hopefuls. If Noche/Fresnillo had wanted raw exploratory land adjacent to their claims they could likely have picked off Plomo for a song.
Colibri has the Evelyn chaim to the west of Great Panthers Plomo.
The Santa Elena mine image that briefly raised some hope the mine is still operating is a year-old image from the Mexus website under Media then Photos and Santa Elena 2. It's captioned Aug 2021 and could be even older than that. Nice historic view but not current.
The ponds at Santa Elena are solid black in all recent Sentinel II low res imagery and the leach pads chalky white. Neither is the signature of an operating mine.
https://www.prnewswire.com/news-releases/grea...17941.html
Great Panther had the Plomo claim which joins the western boundary of Mexus' Santa Elena claims. The property had some minimal exploration work done but never advanced to any more than exploration and I never heard there was any interest in partnering.
Mine properties in the Sonora change hands frequently. Seems most properties have a string of prior owners all with hope of finding mineable gold.
There are tens of thousands of acres in close proximity to producing mines that do not contain economic gold, hence the crapshoot nature of mining hopefuls. If Noche/Fresnillo had wanted raw exploratory land adjacent to their claims they could likely have picked off Plomo for a song.
Colibri has the Evelyn chaim to the west of Great Panthers Plomo.
The Santa Elena mine image that briefly raised some hope the mine is still operating is a year-old image from the Mexus website under Media then Photos and Santa Elena 2. It's captioned Aug 2021 and could be even older than that. Nice historic view but not current.
The ponds at Santa Elena are solid black in all recent Sentinel II low res imagery and the leach pads chalky white. Neither is the signature of an operating mine.
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