Accesswire
04 Jun 2026, 11:35 UTC · 2h ago
Silver X Acquires 100% of Ccasahuasi: A Gold System Next Door to a Producing Mine, Defined with Only 903 Meters of Drilling and Open Along Strike and at Depth
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Accesswire
04 Jun 2026, 11:35 UTC · 2h ago
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Silver X acquired 100% ownership of the Ccasahuasi gold project for a total cash consideration of US$30,000. — Extremely low acquisition cost for an asset with an existing Inferred Mineral Resource represents high capital efficiency.
+0.60The Ccasahuasi project is located approximately 1 km from the producing Tangana mine, potentially allowing for resource feeding with minimal additional CAPEX. — Proximity to existing infrastructure significantly reduces the cost and risk of bringing new gold ounces into production.
+0.50The current Inferred Mineral Resource of 42,303 oz Au was defined with only 903.5 meters of drilling, leaving the system open along strike and at depth. — Limited previous drilling suggests a high probability of resource expansion upon further exploration.
+0.40Ticker attribution
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Model heads
The company acquired 100% ownership of a gold project with significant exploration potential for a low cost.
Barrick is mentioned as the seller of a concession, which is a standard divestment and not a material event for a company of its size.
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