VANCOUVER, Nov. 17, 2017 /CNW/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") reports that on November 3, 2017, the Mexican Environmental Protection Agency ("PROFEPA") requested that the Company's Mexican operating subsidiary, Impulsora Minera Santacruz, S.A. de C.V., hold the Veta Grande Mine Environmental License directly in its name and not under the terms of the agreement with Minera Contracuña I, S.A. de C.V. (see press release dated November 2, 2015).
In connection with this matter PROFEPA issued a notice temporarily suspending operation of the Veta Grande mill until appropriate documentation was filed with regulatory bodies. On November 8, 2017 the Company submitted all appropriate documents to PROFEPA and the Secretariat of Environment and Natural Resources ("SEMARNAT"). The documentation has been confirmed by those agencies as being in order and as such the Company expects the imminent resumption of operations at the Veta Grande mill. During the suspension of mill operations the Company continued mining operations thereby building a substantial stockpile of mineralized material while at the same time major mill maintenance activities were completed.
About Santacruz Silver Mining Ltd.
Santacruz is a Mexican focused silver company with two producing silver projects (Rosario Project, including the Rosario Mine, Cinco Estrellas Property and Membrillo Prospect, and the right to operate the Veta Grande Project and milling facility); and two exploration properties, the Minillas Property and Zacatecas properties. Santacruz is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico with a corporate objective to become a mid-tier silver producer.
