Located in the Famed Mexican Silver Belt —
the Faja de Plata
The Faja de Plata is the most prolific silver province in the world. Since its discovery in the 16th century, more than 10 billion ounces of silver and 70 million ounces of gold have been produced. The Faja de Plata is home to numerous 1-billion-ounce silver reserve mines and districts.
The state of Zacatecas is located in north-central Mexico. It is Mexico’s number one silver-producing state accounting for over 42% of Mexico’s silver production.
The Nieves silver property is located 90 km north of Fresnillo, an analogous deposit to Nieves and the largest silver producer in the world. Nieves is 156 km southwest of Peñasquito, the world’s largest silver reserve, the world’s second largest gold producer, and sister property to Nieves.
Nieves is a silver, gold, lead, and zinc property.
It sits in a volcanic slab window and has been a silver property since the 16th century.
Nieves consists of 18 concessions granted by the federal government of Mexico encompassing a total of 55 sq. miles — 34,451.8945 acres; 14,248.7047 hectares — centered on 23 N 58 latitude 103 W 1 longitude.
Nieves lies within the Mexican Altiplano or “Mesa Central” Region of Mexico. Mesa Central is flanked to the west by the Sierra Madre Occidental and to the east by the Sierra Madre Oriental mountain range.
The Mesa Central is dominated by broad alluvium-filled plains between rugged mountains and hills reaching up to 3,000 meters above sea level.
Mexico has a 500-year mining history. Mining is an integral part of the national and local economies. Politically, Mexico is the most stable country in Latin America, with favorable tax structures and regulatory environment plus a strong cultural and governmental commitment to resource development.