Santacruz Silver Confirms Continuity of GSA Vein and the

Santacruz Silver Confirms Continuity of GSA Vein and the Stockwork
Area at Gavilanes; Drilling Intersects 263 g/t Ag Over 5.40 m,
Including 2,060 g/t Ag. Over 0.20 m 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/15/13 -- Santacruz
Silver Mining Ltd. (TSX VENTURE:SCZ) ("Santacruz" or the "Company")
announces that further to its press release of November 20, 2012 the
Company has received results from 18 additional diamond drill holes
as part of an ongoing 6,000 meter diamond drill program at its 100%
owned Gavilanes Silver project in Durango, Mexico. The current drill
program is designed to test three of seven known silver-bearing veins
and a stockwork area within the 7,347 hectare property (see attached
map - http://media3.marketwire.com/docs/scz115-F1.pdf -  which is
also posted on the Company's website).  
Drill results reported herein are from the Guadelupe-Soledad-Aranzazu
(GSA) vein and the Stockwork area of El Hundido. Gavilanes hosts a
low sulphidation epithermal system.  
Highlights (reported as true widths and assays uncut) include: 
Hundido Stockwork 


 
--  SCHN-09: 5.40 m @ 286 g/t Ag eq. (263 g/t Ag, 0.28% Zn, 0.69% Pb and
    0.01 g/t Au). 
--  SCHN-08: 4.95 m @ 439 g/t Ag eq. (427 g/t Ag, 0.07% Zn, 0.40% Pb and
    0.01 g/t Au). 
--  SCHN-07: 4.70 m @ 274 g/t Ag eq. (212 g/t Ag, 1.18% Zn, 1.13% Pb and
    0.03 g/t Au). 

 
GSA Vein 


 
--  SCGP-12: 3.82 m @ 267 g/t Ag eq. (243 g/t Ag, 0.21% Zn, 0.32% Pb and
    0.23 g/t Au). 

 
Two drill rigs are currently working at Gavilanes on the last phase
of the first 6,000 meter drilling campaign. Arturo Prestamo,
President and CEO stated, "We are very pleased with the drill results
thus far as it continues to prove grades and widths on the targeted
mineralized areas, reinforcing our belief that Gavilanes will
continue to return high grade silver as the property is more fully
explored." 
Complete results from the 18 drill holes in addition to the first 7
holes announced on November 20, 2012, and in this press release which
have been received to date are as follows: (Note that the first 7
holes announced on November 20, 2012 were not in numeric sequence.
Due to hole numbers being assigned using the proposed drill hole
number instead of numbering them in the actual order they were
drilled in. Since holes are not being drilled in the same sequence as
the drill plan, the hole numbers were not in sequence. For example,
hole 22 was actually the fourth hole completed. This has been
rectified but will continue to appear in the reporting until the 22nd
hole has actually been completed).  


 
----------------------------------------------------------------------------
                                   True                                     
                           Length Width    Au   Ag    Cu    Pb    Zn    AgEq
VEIN    DDH   From      To   mts.  mts.      g/t           %             g/t
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -01  46.40   47.55   1.15  0.81  0.00   79  0.01  0.12  0.16   84.97
       SCHN                                                                 
HUNDIDO -01  47.55   48.55   1.00  0.70  0.00   61  0.00  0.07  0.13   64.83
       SCHN                                                                 
ST      -01  48.55   49.50   0.95  0.67  0.00  351  0.01  0.29  0.19  361.89
       SCHN                                                                 
        -01  49.50   50.05   0.55  0.39  0.00   50  0.00  0.09  0.10   53.82
       SCHN                                                                 
        -01  50.05   50.95   0.90  0.63  0.00  511  0.03  0.75  0.22  534.58
       SCHN                                                                 
        -01  50.95   51.70   0.75  0.53  0.00  497  0.08  0.36  0.22  515.46
       SCHN                                                                 
        -01  51.70   52.50   0.80  0.56  0.00  280  0.02  0.15  0.05  285.59
       SCHN                                                                 
        -01  52.50   53.10   0.60  0.42  0.00  184  0.15  0.79  0.32  220.14
       SCHN                                                                 
        -01  53.10   54.15   1.05  0.74  0.03  212  0.07  0.27  0.17  228.69
       SCHN                                                                 
        -01  54.15   55.50   1.35  0.95  0.00    7  0.05  0.23  0.32   22.32
       SCHN                                                                 
        -01  55.50   56.75   1.25  0.88  0.03  101  0.10  0.36  0.09  120.44
----------------------------------------------------------------------------
                     Total  10.35  7.25  0.01  197  0.05  0.30  0.18  211.11
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -01  62.90   64.40   1.50  1.08  0.01  325  0.08  0.48  0.12  344.38
       SCHN                                                                 
HUNDIDO -01  64.40   65.40   1.00  0.72  0.01  195  0.02  0.35  0.15  208.08
       SCHN                                                                 
ST      -01  65.40   65.75   0.35  0.25  0.06  322  0.05  0.75  0.11  347.29
----------------------------------------------------------------------------
                     Total   2.85  2.05  0.01  279  0.06  0.47  0.13  296.91
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -01 108.50  109.35   0.85  0.61  0.00  102  0.00  0.03  0.07  104.20
       SCHN                                                                 
HUNDIDO -01 109.35  110.25   0.90  0.65  0.00  876  0.02  0.21  0.11  884.54
       SCHN                                                                 
ST      -01 110.25  111.50   1.25  0.90  0.00  643  0.02  0.12  0.05  648.52
       SCHN                                                                 
        -01 111.50  112.40   0.90  0.65  0.00   72  0.00  0.03  0.07   74.41
----------------------------------------------------------------------------
                     Total   3.90  2.19  0.00  572  0.02  0.13  0.09  577.79
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -01 119.85  120.30   0.45  0.32  0.00  290  0.01  0.10  0.08  294.38
       SCHN                                                                 
HUNDIDO -01 120.30  121.25   0.95  0.68  0.00   66  0.00  0.25  0.04   72.06
       SCHN                                                                 
ST      -01 121.25  122.45   1.20  0.86  0.00  155  0.00  0.10  0.07  158.92
       SCHN                                                                 
        -01 122.45  123.75   1.30  0.94  0.00   47  0.00  0.07  0.08   50.00
       SCHN                                                                 
        -01 123.75  124.40   0.65  0.47  0.00  540  0.00  0.96  0.08  562.79
       SCHN                                                                 
        -01 124.40  125.15   0.75  0.54  0.00   62  0.01  0.03  0.04   63.51
       SCHN                                                                 
        -01 125.15  126.05   0.90  0.65  0.00  295  0.00  0.04  0.05   297.1
----------------------------------------------------------------------------
                     Total   6.20  4.46  0.00  178  0.00  0.19  0.06  183.46
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -01 198.50  199.60   1.10  0.79  1.45   58  0.24  0.05  0.05  156.15
       SCHN                                                                 
HUNDIDO -01 199.60  200.20   0.60  0.43  1.41   38  0.26  0.03  0.04  135.61
       SCHN                                                                 
ST      -01 200.20  201.10   0.90  0.65  2.40   42  0.13  0.09  0.04  181.81
----------------------------------------------------------------------------
                     Total   2.60  1.87  1.77   48  0.21  0.06  0.04  160.29
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                   True                                     
                           Length Width    Au   Ag    Cu    Pb    Zn    AgEq
VEIN    DDH   From      To   mts.  mts.      g/t           %             g/t
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -01 206.85  208.05   1.20  0.86  1.93  293  2.62  0.55  0.22  619.19
       SCHN                                                                 
HUNDIDO -01 208.05  208.90   0.85  0.61  0.70  118  2.32  0.41  0.26  353.58
       SCHN                                                                 
ST      -01 208.90  209.55   0.65  0.47  1.63  224  1.80  0.15  0.16  460.29
       SCHN                                                                 
        -01 209.55  210.60   1.05  0.76  2.74  282  1.53  0.66  0.12  565.66
       SCHN                                                                 
        -01 210.60  211.35   0.75  0.54  6.16  592  1.28  1.53  0.27 1060.03
       SCHN                                                                 
        -01 211.35  212.25   0.90  0.65  0.07   18  0.33  0.03  0.05   49.63
       SCHN                                                                 
        -01 212.25  213.25   1.00  0.72  0.12   52  1.30  0.07  0.10  164.45
       SCHN                                                                 
        -01 213.25  214.20   0.95  0.68  0.68  216  1.19  5.05  0.54  467.62
       SCHN                                                                 
        -01 214.20  215.15   0.95  0.68  0.28  110  2.19  0.65  0.17  316.80
       SCHN                                                                 
        -01 215.15  215.95   0.80  0.58  0.23   66  0.69  0.73  0.08  150.00
       SCHN                                                                 
        -01 215.95  216.80   0.85  0.61  0.53   35  0.35  0.30  0.12   99.43
       SCHN                                                                 
        -01 216.80  217.80   1.00  0.72  2.78  404  1.34  4.80  0.58  774.22
----------------------------------------------------------------------------
                     Total  10.95  7.88  1.46  201  1.45  1.29  0.23  426.09
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -02  42.10   43.10   1.00  0.42  0.01  627  0.04  0.18  0.12  636.62
       SCHN                                                                 
HUNDIDO -02  43.10   44.15   1.05  0.44  0.01  380  0.03  0.25  0.30  394.72
       SCHN                                                                 
ST      -02  44.15   45.15   1.00  0.42  0.00  644  0.03  0.24  0.23  656.22
       SCHN                                                                 
        -02  45.15   46.65   1.50  0.63  0.00   18  0.04  0.19  0.11   27.60
       SCHN                                                                 
        -02  46.65   47.55   0.90  0.38  0.01  355  0.05  1.25  0.33  393.60
       SCHN                                                                 
        -02  47.55   49.25   1.70  0.71  0.05  866  0.24  1.36  1.65  951.43
----------------------------------------------------------------------------
                     Total   7.15  3.00  0.01  488  0.09  0.61  0.55  520.33
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -02  99.35   99.90   0.55  0.23  0.00  135  0.01  0.31  0.06  144.21
       SCHN                                                                 
HUNDIDO -02  99.90  100.80   0.90  0.38  0.01   20  0.04  0.69  0.10   40.93
       SCHN                                                                 
ST      -02 100.80  101.90   1.10  0.46  0.04   88  0.45  7.15  0.09  282.82
       SCHN                                                                 
        -02 101.90  102.45   0.55  0.23  0.05  148  0.18 20.00  0.47  609.57
       SCHN                                                                 
        -02 102.45  103.20   0.75  0.31  0.01   59  0.08  3.84  0.59  161.64
       SCHN                                                                 
        -02 103.20  104.00   0.80  0.34  0.03   61  0.21  4.79  0.65  196.34
       SCHN                                                                 
        -02 104.00  104.75   0.75  0.31  0.03   74  0.27  7.48  0.26  264.09
       SCHN                                                                 
        -02 104.75  105.50   0.75  0.31  0.03  167  0.27  2.47  0.09  245.78
       SCHN                                                                 
        -02 105.50  106.50   1.00  0.42  0.05  373  0.24  6.56  0.17  540.51
----------------------------------------------------------------------------
                     Total   7.15  3.00  0.03  128  0.21  5.65  0.26  274.65
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                   True                                     
                           Length Width    Au   Ag    Cu    Pb    Zn    AgEq
VEIN    DDH   From      To   mts.  mts.      g/t          %              g/t
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -07 113.40  113.60   0.20  0.10  0.04   52  0.08  1.86  6.39  233.61
       SCHN                                                                 
HUNDIDO -07 113.60  114.45   0.85  0.41  0.01  323  0.21  1.86  3.13  445.46
       SCHN                                                                 
ST      -07 114.45  115.75   1.30  0.63  0.00   49  0.01  0.81  1.10   89.37
       SCHN                                                                 
        -07 115.75  116.20   0.45  0.22  0.03  744  0.03  1.74  2.73  842.37
       SCHN                                                                 
        -07 116.20  116.90   0.70  0.00  0.00   35  0.00  0.22  0.20   44.34
       SCHN                                                                 
        -07 116.90  117.55   0.65  0.00  0.00  379  0.00  0.25  0.21  388.89
       SCHN                                                                 
        -07 117.55  118.45   0.90  0.00  0.00  121  0.00  0.21  0.15  128.82
       SCHN                                                                 
        -07 118.45  119.60   1.15  0.46  0.00  394  0.01  0.45  0.73  419.81
       SCHN                                                                 
        -07 119.60  120.60   1.00  0.40  0.01  227  0.01  1.50  1.88  299.88
       SCHN                                                                 
        -07 120.60  121.05   0.45  0.18  0.01  240  0.02  2.35  2.18  338.43
       SCHN                                                                 
        -07 121.05  122.15   1.10  0.44  0.01  125  0.07  0.76  0.30  153.54
       SCHN                                                                 
        -07 122.15  123.25   1.10  0.44  0.02  403  0.06  0.77  0.61  437.84
       SCHN                                                                 
        -07 123.25  124.35   1.10  0.44  0.01   39  0.01  0.03  0.05   41.78
       SCHN                                                                 
        -07 124.35  125.40   1.05  0.42  0.01   13  0.00  0.02  0.04   14.80
       SCHN                                                                 
        -07 125.40  126.15   0.75  0.30  0.24  277  1.44  4.07  1.31  519.67
       SCHN                                                                 
        -07 126.15  126.85   0.70  0.28  0.07   60  0.14  1.27  0.29  108.43
----------------------------------------------------------------------------
                     Total  13.45  4.70  0.03  212  0.14  1.13  1.18  273.70
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -08  85.30   86.10   0.80  0.63  0.01  782  0.04  2.19  0.33  839.97
       SCHN                                                                 
HUNDIDO -08  86.10   86.95   0.85  0.67  0.00   30  0.02  0.06  0.04   33.26
       SCHN                                                                 
ST      -08  86.95   87.70   0.75  0.59  0.02  876  0.03  0.19  0.06  885.34
       SCHN                                                                 
        -08  87.70   88.50   0.80  0.63  0.00   40  0.01  0.08  0.03   42.52
       SCHN                                                                 
        -08  88.50   90.10   1.60  1.26  0.02  719  0.01  0.15  0.02  724.54
       SCHN                                                                 
        -08  90.10   90.90   0.80  0.63  0.00  202  0.00  0.01  0.01  202.73
       SCHN                                                                 
        -08  90.90   91.60   0.70  0.55  0.01   56  0.07  0.37  0.02   70.11
----------------------------------------------------------------------------
                     Total   6.30  4.95  0.01  427  0.02  0.40  0.07  439.40
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -08 120.05  120.40   0.35  0.27  0.02  137  0.17  4.99  0.12  262.42
       SCHN                                                                 
HUNDIDO -08 120.40  121.25   0.85  0.66  0.01    5  0.05  0.06  0.02   11.37
       SCHN                                                                 
ST      -08 121.25  121.75   0.50  0.39  0.02   11  0.04  0.14  0.02   18.17
       SCHN                                                                 
        -08 121.75  122.20   0.45  0.35  0.26  211  0.02  0.27  0.04  232.82
       SCHN                                                                 
        -08 122.20  122.40   0.20  0.16  0.85  427  0.03 11.55  0.02  725.72
       SCHN                                                                 
        -08 122.40  123.00   0.60  0.47  0.49  192  0.03  2.22  0.03  269.08
----------------------------------------------------------------------------
                     Total   2.95  2.30  0.20  120  0.05  1.91  0.04  176.93
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                   True                                     
                           Length Width    Au   Ag    Cu    Pb    Zn    AgEq
VEIN    DDH   From      To   mts.  mts.      g/t           %             g/t
----------------------------------------------------------------------------
       SCHN                                                                 
EL      -09  86.10   86.80   0.70  0.35  0.02  712  0.02  0.57  0.26  732.23
       SCHN                                                                 
HUNDIDO -09  86.80   87.20   0.40  0.20  0.04 2060  0.03 11.50  0.49 2325.14
       SCHN                                                                 
ST      -09  87.20   88.45   1.25  0.63  0.02  150  0.05  1.08  0.29  184.30
       SCHN                                                                 
        -09  88.45   89.45   1.00  0.50  0.00   85  0.01  0.22  0.29   96.40
       SCHN                                                                 
        -09  89.45   90.40   0.95  0.48  0.00  402  0.02  0.09  0.36  412.71
       SCHN                                                                 
        -09  90.40   91.80   1.40  0.71  0.00  239  0.01  0.08  0.27  247.25
       SCHN                                                                 
        -09  91.80   92.70   0.90  0.45  0.00   82  0.01  0.09  0.26   90.86
       SCHN                                                                 
        -09  92.70   93.25   0.55  0.28  0.01  143  0.02  0.23  0.31  156.40
       SCHN                                                                 
        -09  93.25   94.40   1.15  0.58  0.01  116  0.02  0.14  0.22  125.51
       SCHN                                                                 
        -09  94.40   94.95   0.55  0.28  0.01   96  0.01  0.08  0.21  103.41
       SCHN                                                                 
        -09  94.95   96.00   1.05  0.53  0.01   96  0.03  0.09  0.29  106.85
       SCHN                                                                 
        -09  96.00   96.80   0.80  0.40  0.00   75  0.02  0.14  0.18   83.37
----------------------------------------------------------------------------
                     Total  10.70  5.40  0.01  263  0.02  0.69  0.28  285.56
----------------------------------------------------------------------------
PROVI- SCPV                                                                 
 DEN-   -01 146.20  147.20   1.00  0.94  0.03   13  0.04  0.07  0.36   27.00
 CIA   SCPV                                                                 
        -01 147.20  148.00   0.80  0.76  0.00  306  0.02  0.42  0.70  331.08
----------------------------------------------------------------------------
                     Total   1.80  1.70  0.02  143  0.03  0.22  0.51  162.14
----------------------------------------------------------------------------
       SCPV                                                                 
GSA ST  -01 211.95  212.80   0.85  0.80  0.00   17  0.00  0.09  0.17   22.52
       SCPV                                                                 
        -01 212.80  213.40   0.60  0.57  0.60  205  0.18  1.09  1.24  299.84
----------------------------------------------------------------------------
                     Total   1.45  1.37  0.25   95  0.07  0.50  0.61  137.28
----------------------------------------------------------------------------
       SCPV                                                                 
GSA     -01 237.55  238.40   0.85  0.80  0.00  917  0.04  1.26  1.09  969.59
       SCPV                                                                 
        -01 238.40  239.05   0.65  0.61  0.00   28  0.00  0.13  0.16   34.62
----------------------------------------------------------------------------
                     Total   1.50  1.42  0.00  532  0.02  0.77  0.69  564.44
----------------------------------------------------------------------------
       SCGP                                                                 
GSA ST  -07 124.95  125.75   0.80  0.69  0.00  106  0.02  0.05  0.15  111.51
       SCGP                                                                 
        -07 125.75  127.40   1.65  1.41  0.00  138  0.02  0.03  0.03  140.80
----------------------------------------------------------------------------
                     Total   2.45  2.10  0.00  128  0.02  0.04  0.07  131.24
----------------------------------------------------------------------------
       SCGP                                                                 
GSA     -07 204.40  204.90   0.50  0.43  0.46  511  0.02  0.15  0.07  541.84
       SCGP                                                                 
        -07 204.90  206.20   1.30  1.12  0.04   25  0.00  0.02  0.03   28.01
       SCGP                                                                 
        -07 206.20  207.65   1.45  1.25  0.02  176  0.01  0.12  0.03  180.82
----------------------------------------------------------------------------
                     Total   3.25  2.80  0.09  167  0.01  0.08  0.04  175.24
----------------------------------------------------------------------------
       SCGP                                                                 
GSA     -12  55.95   57.00   1.05  1.02  0.56  509  0.02  0.47  0.22  555.07
       SCGP                                                                 
        -12  57.00   58.05   1.05  1.02  0.27  150  0.01  0.27  0.11  173.21
       SCGP                                                                 
        -12  58.05   58.80   0.75  0.73  0.02   56  0.00  0.22  0.27   67.07
       SCGP                                                                 
        -12  58.80   59.90   1.10  1.06  0.01  206  0.01  0.31  0.26  219.77
----------------------------------------------------------------------------
                     Total   3.95  3.82  0.23  243  0.01  0.32  0.21  267.53
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                   True                                     
                          Length  Width    Au   Ag    Cu    Pb    Zn    AgEq
VEIN  DDH    From      To   mts.   mts.      g/t           %             g/t
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -13   63.50   64.35   0.85   0.76  0.09  180  0.07  0.98  1.06  233.32
     SCGP                                                                   
      -13   64.35   65.20   0.85   0.77  0.01   25  0.03  0.22  0.80   49.12
     SCGP                                                                   
      -13   65.20   66.00   0.80   0.72  0.20  434  0.09  2.66  1.81  546.68
----------------------------------------------------------------------------
                    Total   2.50   2.25  0.10  208  0.06  1.26  1.21  270.56
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -14   88.10   89.20   1.10   1.05  0.00  180  0.02  1.21  0.58  219.88
----------------------------------------------------------------------------
                    Total   1.10   1.05  0.00  180  0.02  1.21  0.58  219.88
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -14   93.70   94.70   1.00   0.97  0.00   75  0.01  0.11  0.10   80.14
ST   SCGP                                                                   
      -14   94.70   95.85   1.15   1.12  0.00   93  0.01  0.12  0.04   97.19
     SCGP                                                                   
      -14   95.85   97.15   1.30   1.26  0.00  134  0.01  0.12  0.09  138.94
----------------------------------------------------------------------------
                    Total   3.45   3.35  0.00  103  0.01  0.12  0.08  107.98
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -15   95.55   96.20   0.65   0.59  0.06  105  0.01  0.07  0.10  113.04
     SCGP                                                                   
      -15   96.20   97.10   0.90   0.81  0.06   94  0.01  0.12  0.14  103.37
     SCGP                                                                   
      -15   97.10   97.95   0.85   0.77  0.14   22  0.01  0.21  0.17   38.21
     SCGP                                                                   
      -15   97.95   99.05   1.10   0.99  0.19   87  0.07  2.19  2.82  208.03
----------------------------------------------------------------------------
                    Total   3.50   3.15  0.12   76  0.03  0.78  0.98  122.23
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -15  113.05  113.55   0.50   0.46  0.00  310  0.01  0.26  0.46  325.89
ST   SCGP                                                                   
      -15  113.55  114.70   1.15   1.05  0.00   83  0.01  0.41  0.41  100.34
     SCGP                                                                   
      -15  114.70  115.25   0.55   0.50  0.01  677  0.02  1.23  0.42  714.67
     SCGP                                                                   
      -15  115.25  116.40   1.15   1.05  0.00  326  0.02  0.93  0.87  366.03
----------------------------------------------------------------------------
                    Total   3.35   3.05  0.00  298  0.02  0.70  0.58  326.07
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -16  117.30  117.50   0.20   0.12  0.03   48  0.04  2.17  5.26  208.88
----------------------------------------------------------------------------
                    Total   0.20   0.12  0.03   48  0.04  2.17  5.26  208.88
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -17  101.95  102.55   0.60   0.46  0.18   85  0.08  0.35  1.04  130.03
     SCGP                                                                   
      -17  102.55  103.95   1.40   1.08  0.06   71  0.09  0.35  0.85  106.98
     SCGP                                                                   
      -17  103.95  104.85   0.90   0.69  0.42   82  0.05  0.43  0.98  137.41
     SCGP                                                                   
      -17  104.85  105.80   0.95   0.73  0.02   59  0.04  0.08  0.92   84.72
     SCGP                                                                   
      -17  105.80  106.40   0.60   0.46  1.19  150  0.12  0.71  4.26  326.00
     SCGP                                                                   
      -17  106.40  107.20   0.80   0.62  0.42   48  0.02  0.40  0.96  100.02
     SCGP                                                                   
      -17  107.20  108.00   0.80   0.64  0.73  307  0.13  1.34  4.89  486.16
     SCGP                                                                   
      -17  108.00  108.70   0.70   0.56  0.75  109  0.02  0.98  2.56  224.85
----------------------------------------------------------------------------
                    Total   6.75   5.25  0.41  109  0.07  0.55  1.88  187.22
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                   True                                     
                          Length  Width    Au   Ag    Cu    Pb    Zn    AgEq
VEIN  DDH    From      To   mts.   mts.      g/t          %              g/t
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -18  131.65  132.65   1.00   0.65  2.39  106  0.39  1.88  1.22  330.25
----------------------------------------------------------------------------
                    Total   1.00   0.65  2.39  106  0.39  1.88  1.22  330.25
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -19   89.00   90.20   1.20   1.10  0.00   43  0.00  0.10  0.23   49.50
     SCGP                                                                   
      -19   90.20   90.80   0.60   0.55  0.00   14  0.00  0.13  0.27   21.96
----------------------------------------------------------------------------
                    Total   1.80   1.65  0.00   33  0.00  0.11  0.24   40.32
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -20  106.85  107.60   0.75   0.65  0.02  209  0.01  0.22  0.28  221.26
     SCGP                                                                   
      -20  107.60  108.30   0.70   0.60  0.01   77  0.00  0.14  0.28   86.70
----------------------------------------------------------------------------
                    Total   1.45   1.25  0.02  145  0.00  0.18  0.28  156.30
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -20  132.90  133.35   0.45   0.39  0.10   82  0.01  4.78 21.70  640.60
     SCGP                                                                   
      -20  133.35  133.70   0.35   0.31  0.01  158  0.01  0.66  1.99  214.82
----------------------------------------------------------------------------
                    Total   0.80   0.70  0.06  115  0.01  2.97 13.03  453.32
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -23  125.70  126.10   1.10   0.85  0.48  104  0.50  1.27  4.43  288.58
----------------------------------------------------------------------------
                    Total   1.10   1.05  0.48  104  0.50  1.27  4.43  288.58
----------------------------------------------------------------------------
GSA  SCGP                                                                   
      -24  174.85  176.15   1.30   0.76  0.24   42  0.02  0.02  0.06   57.39
     SCGP                                                                   
      -24  176.15  177.25   1.10   0.64  0.38  272  0.05  0.05  0.14  299.74
----------------------------------------------------------------------------
                    Total   2.40   1.40  0.30  147  0.03  0.03  0.09  168.47
----------------------------------------------------------------------------
                                                                            
EqAgOz= (Au(i)Pau/31.1035)+(Ag(i)Pag/31.1035)(+(Cu(i)Pcu(i)22.05)+(Pb(i)Ppb(
        i)22.05)+(Zn(i)Pzn(i)22.05)(i)31.1035                               
        --------------------------------------------------------------------
        (Pag)                                                               

 
Diamond Drill Holes Location: 


 
---------------------------------------------------------------------------
---------------------------------------------------------------------------
                               UTM Collar Coordinates                      
          -----------------------------------------------------------------
DDH ID                    North                  East             Elevation
---------------------------------------------------------------------------
---------------------------------------------------------------------------
SCGP-07            2,678,359.70               425,622              2,146.91
---------------------------------------------------------------------------
SCGP-12            2,678,568.93            425,681.60              2,144.89
---------------------------------------------------------------------------
SCGP-13            2,678,568.65            425,680.56              2,145.04
---------------------------------------------------------------------------
SCGP-14            2,678,613.16            425,637.95              2,149.35
---------------------------------------------------------------------------
SCGP-15            2,678,613.03            425,636.83              2,149.45
---------------------------------------------------------------------------
SCGP-16            2,678,612.83            425,636.20              2,149.55
---------------------------------------------------------------------------
SCGP-17            2,678,587.55            425,639.82              2,146.90
---------------------------------------------------------------------------
SCGP-18            2,678,587.60            425,639.33              2,146.91
---------------------------------------------------------------------------
SCGP-19            2,678,711.42            425,613.09              2,166.03
---------------------------------------------------------------------------
SCGP-20            2,678,711.11            425,611.20              2,166.01
---------------------------------------------------------------------------
SCGP-23            2,678,711.08            425,610.87              2,166.07
---------------------------------------------------------------------------
SCGP-24            2,678,711.04            425,610.23              2,165.36
---------------------------------------------------------------------------
SCHN-01            2,678,344.02            425,536.28              2,098.63
---------------------------------------------------------------------------
SCHN-02            2,678,450.53            425,661.86              2,139.65
---------------------------------------------------------------------------
SCHN-07            2,678,305.23            425,514.16              2,095.70
---------------------------------------------------------------------------
SCHN-08            2,678,307.15            425,518.55              2,095.74
---------------------------------------------------------------------------
SCHN-09            2,678,307.62            425,518.03              2,095.78
---------------------------------------------------------------------------
SCPV-01            2,678,828.90            425,524.04              2,247.98
---------------------------------------------------------------------------
---------------------------------------------------------------------------
 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                       Total
                                                                            
DDH ID                      Strike                     Dip      Length (mts)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SCGP-07           S86.50 degrees E         -60.48 degrees            231.00
----------------------------------------------------------------------------
SCGP-12           N75.30 degrees E         -44.90 degrees            138.95
----------------------------------------------------------------------------
SCGP-13           N78.43 degrees E         -74.95 degrees            202.95
----------------------------------------------------------------------------
SCGP-14           N76.27 degrees E         -46.07 degrees            147.50
----------------------------------------------------------------------------
SCGP-15           N72.80 degrees E         -69.20 degrees            230.40
----------------------------------------------------------------------------
SCGP-16                   Vertical         -89.60 degrees            161.95
----------------------------------------------------------------------------
SCGP-17           S82.65 degrees E         -74.87 degrees            148.05
----------------------------------------------------------------------------
SCGP-18                   Vertical         -89.40 degrees            181.90
----------------------------------------------------------------------------
SCGP-19           N76.90 degrees E         -37.10 degrees            121.95
----------------------------------------------------------------------------
SCGP-20           N78.40 degrees E         -62.87 degrees            140.40
----------------------------------------------------------------------------
SCGP-23           N82.15 degrees E         -75.13 degrees            182.85
----------------------------------------------------------------------------
SCGP-24                   Vertical         -89.48 degrees            200.50
----------------------------------------------------------------------------
SCHN-01            N83.50 degrees         -65.00 degrees             267.90
----------------------------------------------------------------------------
SCHN-02            N83.50 degrees         -85.00 degrees             167.70
----------------------------------------------------------------------------
SCHN-07           S86.50 degrees E         -60.48 degrees            231.00
----------------------------------------------------------------------------
SCHN-08           S45.53 degrees E         -59.87 degrees            172.20
----------------------------------------------------------------------------
SCHN-09           S45.96 degrees E         -81.26 degrees            257.95
----------------------------------------------------------------------------
SCPV-01           N89.64 degrees E         -49.92 degrees            267.90
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                 Parameters                                 
----------------------------------------------------------------------------
                              Grade                       Price        Price
Metal           Symbol        Units          Price        Units       Symbol
----------------------------------------------------------------------------
Gold                Au          g/t       1,688.53       $/t Oz          Pau
----------------------------------------------------------------------------
Silver              Ag          g/t        31.7632       $/t Oz          Pag
----------------------------------------------------------------------------
Copper              Cu            %         3.6817       $/t lb          Pcu
----------------------------------------------------------------------------
Lead                Pb            %         1.0067       $/t lb          Ppb
----------------------------------------------------------------------------
Zinc                Zn            %         0.9574       $/t lb          Pzn
----------------------------------------------------------------------------
Note: Metal prices as of January 1st 2013. Recoveries are considered at 100%

 
Drilling is ongoing and results will be reported as assays are
received from the laboratory. Gavilanes is a volcanic hosted,
epithermal precious metal vein system. Drilling by previous operators
totaled only 3,200 m. An historical resource estimated in 1990, which
was not prepared in accordance with NI 43-101 contains an inferred
resource of 1.2 million tonnes at 420 g/t Ag at the
Guadalupe-Soledad-Aranzazu (GSA) vein on 500 meters of the known
strike of 1,000 meters. (This estimate was performed by Minas de San
Luis in 1990. The Company believes that the grade assays are
representative of the structures and the resource has been called
inferred, however the assumptions of continuity are unclear.
Santacruz is unaware of more recent data on the property, and the
same results have been repeated by Hochschild Mexico in 2008.
Confirmation drilling needs to be completed with documented sampling
and preparation procedures and a new model developed to determine
whether there is a resource at Gavilanes that is compliant with NI
43-101. A qualified person has not done sufficient work to classify
the historical estimates as current mineral resources or mineral
reserves. Santacruz is not treating this historical estimate as
current mineral resources). 
Sampling and Laboratory  
NQ-sized drill core was sawn in half at site and sent to ALS Chemex,
a fully accredited and certified laboratory service. Samples were
prepared at the ALS Chemex facility in Zacatecas, Mexico, and were
assayed at ALS Chemex in Vancouver, Canada. All samples were analysed
using a one assay ton fire assay with an AA finish Au and Ag
(Au-AA23) and a 48 element ICP method for Pb, Zn and other elements
(ME-MS61). A comprehensive QA/QC procedure is followed using
standards, blanks and duplicates, all samples are randomly placed. 
Qualified Person  
Donald E. Hulse, P.E., SME-RM of Gustavson Associates LLC, is a
qualified person under NI 43-101 and is independent of the Company,
and has reviewed and approved the technical information contained in
this press release. 
Data Verification  
Mr. Hulse verified the data disclosed in this release, including the
sampling, analytical and test data underlying the information
contained in this release. Verification included a review and
validation of the applicable assay databases and reviews of assay
certificates. 
About Santacruz Silver Mining Ltd.  
Santacruz is a Mexican focused silver company with a project in
development (Rosario) and two advanced-stage exploration projects
(San Felipe and Gavilanes). Rosario is expected to reach production
at the end of the first quarter of 2013. The Company is managed by a
technical team of professionals with proven track records in
developing, operating and discovering silver mines in Mexico. Our
corporate objective is to become a mid-tier silver producer. 
Arturo Prestamo Elizondo, President, Chief Executive Officer and
Director 
Forward-looking information 
Certain statements contained in this news release, such as potential
mineralization on the Company's properties, the Company's exploration
and development plans and anticipated production dates on the
Company's mineral properties, constitute "forward-looking
information" as such term is used in applicable Canadian securities
laws. Forward-looking information is based on plans, expectations and
estimates of management at the date the information is provided and
is subject to certain factors and assumptions, including, that the
Company's financial condition and development plans do not change as
a result of unforeseen events, that the Company obtains regulatory
approval, future metal prices and the demand and market outlook for
metals. Forward-looking information is subject to a variety of risks
and uncertainties and other factors that could cause plans, estimates
and actual results to vary materially from those projected in such
forward-looking information. Factors that could cause the
forward-looking information in this news release to change or to be
inaccurate include, but are not limited to, the risk that any of the
assumptions referred to prove not to be valid or reliable, that
occurrences such as those referred to above are realized and result
in delays, or cessation in planned work, that the Company's financial
condition and development plans change, delays in regulatory
approval, risks associated with the interpretation of data, the
geology, grade and continuity of mineral deposits, the possibility
that results will not be consistent with the Company's expectations,
as well as the other risks and uncertainties applicable to mineral
exploration and development activities and to the Company as set
forth in the Company's Annual Information Form filed under the
Company's profile at www.sedar.com. The Company undertakes no
obligation to update these forward-looking statements, other than as
required by applicable law.  
This news release does not constitute an offer to sell or
solicitation of an offer to sell any securities in the United States.
The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered
or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable securities laws or an
exemption from such registration is available.  
To view the Gavilanes 2012 drill hole location map, please visit the
following link: http://media3.marketwire.com/docs/scz115-F1.pdf.  
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Santacruz Silver Mining Ltd.
Neil MacRae
(604) 569-1609
info@santacruzsilver.com
www.santacruzsilver.com
 
 
Press spacebar to pause and continue. Press esc to stop.