Metals and Mining
Company Overview of Minera Hochschild Mexico S. A. de C. V.
Minera Hochschild Mexico S. A. de C. V. offers gold and silver mining and exploration services. The company is based in Monterrey, Mexico. Minera Hochschild Mexico S. A. de C. V. operates as a subsidiary of Mauricio Hochschild & Cia. Ltda.
Boulevard Diaz Ordaz Nro. 140
Colonia Santa María
Monterrey, NL 64650
Key Executives for Minera Hochschild Mexico S. A. de C. V.
Minera Hochschild Mexico S. A. de C. V. does not have any Key Executives recorded.
Minera Hochschild Mexico S. A. de C. V. Key Developments
Prospero Silver Corp. Starts Drilling at the Baborigame Project with JV Partner Minera Hochschild Mexico S. A. de C. V
Apr 2 13
Prospero Silver Corp. announced that its JV partner Minera Hochschild Mexico S. A. de C. V. has commenced a 3,000 meter Reverse Circulation drill program in the northern Cebollas target area at the Baborigame project in Chihuahua. This initial program on the northern part of the 8,458 Hectare claims is aimed at multiple targets defined during the past 6 months. Sampling over the felsic igneous body 2.5 km in length shows both rock-chip and soil sample anomalies, which indicate potential to host both near surface, bulk tonnage as well as high grade vein mineralization. An additional 2,000 meter diamond drill program is also planned in the southern part of the claims along the southeast extension of the vein in the district, the Diente de Oso vein. This large structure exhibits vein widths up to 10 meters and up to multi-pppm gold in surface samples. Under the terms of the original agreement, Hochschild has the option to earn a 51% interest within 3 years by making total expenditures of USD 3.7 million, drilling a minimum of 3,500 meters in Year 1, and total cash payments of USD 1.9 million. Hochschild will have the right to earn an additional 14% with expenditures of at least USD 4 million and a cash payment of USD 200,000. If Prospero elects not to participate in the resulting 65%/35% joint venture, Hochschild will have the option to earn an additional 10% during years 5 and 6 by financing the project through to completion of a Definitive Feasibility Study.
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