We believe Cordero is a Tier 1 silver asset whose true value is only now being unlocked.
Cordero is considered one of the world’s largest undeveloped silver resources. However, we call it Mexico’s most precious silver asset. Cordero has all the attributes of a quality project: grade, scale, significant organic growth opportunities and well located in mining-friendly Chihuahua state on a prolific silver belt.
Since acquiring Cordero in August 2019, Discovery’s focus has been on leveraging the under-explored higher-grade zones within the larger mineralized system with the objective of defining a high-margin project with scale. In November 2021 the Company released a Preliminary Economic Assessment integrating 92,000 m of additional drilling, new metallurgical testwork and engineering studies. In January 2023 the Company released a Pre-Feasibility Study incorporating close to 300,000 m of drilling, as well as additional metallurgical testwork and engineering studies. The study outlines Cordero’s potential to become of the biggest silver producing mines globally.