Santa Cruz Silver Reports Initial Resource Estimate for Gavilanes: 6,1 Million silver equivalent ounces in the Indicated and 28,3 Million silver equivalent ounces in the inferred category


Santa Cruz Silver Reports Initial Resource Estimate for Gavilanes: 6,1 Million silver equivalent ounces in the Indicated and 28,3 Million silver equivalent ounces in the inferred category

Vancouver (British Columbia). Santacruz Silver Mining Ltd. (TSX.V: SCZ) ("Santa Cruz" or the "Company") is pleased, the results of the initial resource estimate in accordance with NI 43-101 for his silver project Gavilanes in Dan Dimas (Durango, Mexico) to announce. Based on a cutoff grade of 75 Gramm pro ton („g/t“) Silberäquivalent ("Agaq"), are the resources in three out of seven known veins - Guadalupe, Descubridora and San Nicolas - as well as the stockwork El Hundido as follows:

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The highlights of the mineral resource estimate are as follows:

• Indicated Mineral Resources of 6.143.000 Silver equivalent ounces at a grade of 200 g / t Silberäquivalent

• Inferred Mineral Resource of 28.294.000 Silver equivalent ounces at a grade of 163 g / t Silberäquivalent

• The veins are open along strike and at depth remains open and occur at irregular intervals on the surface revealed, indicating an untested strike length.

• The stockwork El Hundido is down dip and in The south remains open.

• Four unexplored veins have additional potential to.

• Ongoing drilling is for 2014 planned, to increase resources.

A cross-section, in which the structures are represented graphically, is attached to this press release.

President und CEO Arthur sagte Loan: "Given the fact, that the focus of drilling to date only a small part of our over 7.000 Lay-hectare concession area Gavilanes, We are very satisfied with the results of the first resource estimate. Die Resource, which is open still, as well as the considerable exploration potential Gavilanes make an extremely strong concession area of ​​our portfolio of assets in Mexico. Further work to extend the resource will be conducted in conjunction with the generation of cash flow by our currently producing mine Rosario. Despite difficult market conditions, we make all our assets progress, hitting prudent decisions on behalf of our shareholders. We are committed, to be a strong medium-sized silver producer with assets in Mexico, and Gavilanes is further evidence, that we are on the right track, our longer-term To achieve goals.“

Mineral Resources:

The following tables show the results of the estimates as well as different cut-off grades are summarized:

Indicated Resources within mineralized solids:

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Inferred resources within mineralized solids:

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The accounting policies used in the silver equivalent ounces are estimated metal prices are listed below:

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In this silver equivalent estimate a recovery rate was for all metals of 100 Assumed percent. No metallurgical studies have been carried out at this stage of the project. The reader is cautioned, that recovery rates of 100 Percent never be achieved.

The resource estimate was based on 12.583 Meters of HQ diamond drilling in 60 Boreholes to approximately 750 Meters strike length and on the basis of total 3.362 Calculated test results. The resources are to a depth of no more than 300 Meter below the surface defined; to control total 198 Conducted deep studies.

The resource estimate was completed by Gary Giroux, P.Eng., of Giroux Consultants using a geologic model of Hans Smit, P.Geo., und Fletcher Bourke, P.Geo., created. The geological model has six areas on: Erzgang of Guadalupe („GP“), the GP-shell, den Erzgang Discoverer („DS“), the DS-shell, the sheath San Nicolas ("SN") and the stockwork zone. The results of each vein, of each shell and the stockwork zone were examined, and each variable within each region, a cap was applied. For the Erzganghüllen and the stockwork zone uniform 2.5-meter mixtures were formed, while for the two Erzgangbereiche 0.5-meter mixtures were formed. For the vein GP, GP jacket and the stockwork zone was performed Variografie. The contents of all variables were in using Ordinary Kriging 2,5 times 5 times 5 interpolated large blocks. Blocks with several areas, a weighted average was calculated for the mineralized part. For each area was based on 216 Drill core logging set a specific gravity. The estimated blocks were classified by the resistance of the geology and the content.

Drilling at Gavilanes to the second quarter 2014 be continued, hochzustufen for resources and increase, to create a mine plan and to meet the requirements mill according to the recommendations of the technical consultants of the Company.

President und CEO Arthur sagte Loan: "Given this foundation, on which we can build, We will continue to develop the concession area Gavilanes, order to understand the full potential of this promising asset. "

Sampling and laboratory

The resource is based on drilled in HQ-size drill holes. The core was sawn on site in two halves. One half was sent to ALS Chemex, a fully accredited and certified laboratory, sent. The samples were in the office of ALS Chemex in Zacatecas (Mexico) processed and ALS Chemex in Vancouver (Canada) analyzed. All samples were analyzed using a fire assay with AA finish for gold (Au-AA23) and a 48 -Element ICP method with other elements (ME-MS61) analyzed. Samples with silver values ​​over 100 g/t (by ME-MS61) were valued using an aqua regia digestion with ICP-AES- or AAS finish (Ag-OG62) re-examined. It is a comprehensive QA / QC procedures with standard, Read- applied and duplicate samples.

Qualified Person

All technical information in this news release has been reviewed by Gary Giroux, P.Eng., Fletcher Bourke, P.Geo., und Hans Smit, P.Geo., reviewed and approved, the independent and the company "qualified persons" within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects sind.

Über Santa Cruz Silver Mining Ltd..

Santa Cruz is a silver company with a focus on Mexico, that has a project in production, Rosary, two advanced projects, San Felipe und Gavilanes, and a project in the early stage of exploration, El Gachi, has. The company is managed by a team of professionals with a proven track record in the development, directed the operation and the discovery of silver mines in Mexico. It is our corporate goal, to become a mid-tier silver producer.


Arturo Elizondo Loan,
President, Chief Executive Officer und Director

For more information, contact:

Neil MacRae
Santacruz Silver Mining Ltd.
Phone: +1 (604) 569-1609

Neither TSX Venture Exchange nor its Regulation (according to the definition of the term in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Certain statements in this press release including statements regarding planned production rates and future cash flow position of the company make "forward-looking information" within the meaning of applicable Canadian securities legislation is. Forward-looking information is based on plans, Expectations and estimates of management at the time, in which the information is presented, and are subject to certain factors and assumptions, among other things, that the financial condition and development plans of the company as a result of unforeseen events do not change; that the company will obtain the necessary regulatory approvals; as well as assumptions regarding the rates and the demand for metals and market outlook for metals. Forward-looking information is subject to a number of risks, uncertainties and other factors, which could cause, that the plans, Estimates and actual results to differ materially from those, the information reflected in such forward-looking, differ. Among the factors, which could cause, that change the forward-looking information in this press release or prove incorrect, without limitation, the risk, that any of the assumptions, Referring to the reference, to be invalid or unreliable; that events, Referring to the above-reference, occur and lead to delays or cessation of the planned work; that change the financial condition and development plans of the company; and delays in obtaining approvals, Risks associated with the interpretation of data, Geology, Contents and the resistance of mineral deposits, the possibility, that the results do not meet the company's expectations, and other risks and uncertainties, the raw material exploration and development are inherent and which the company has performed in the form of the company under the Company's profile at available Annual Information. The Company assumes no obligation to update these forward-looking statements, unless, it is required by the applicable laws.

The information on the financial prospects herein, particularly with regard to the potential cash flow and financial position of the company, based on assumptions about future events described above on the basis of assessment of relevant, currently available information through the management. The purpose of this financial outlook is to provide information on the current expectations of management with respect to the anticipated results of its proposed business activities in the coming quarters. Readers are urged to carefully, such information set forth herein should be used solely for the purposes indicated herein.

General cross-section of the mineralized structures (Looking northwest)

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For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:


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