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. Aggressive drilling to date has outlined a higher grade bulk tonnage core flanked by high-grade veins with more than 5 km of strike extent. Our ongoing drilling is focused on defining and expanding both of these types of mineralization.
A new Resource, incorporating geology and structure for the first time as well as data from more than 500 drill holes was released on October 20, 2021. A new PEA, focused on Cordero's high-grade resource and integrating new metallurgical testwork and engineering studies, is also planned for release in the fourth quarter of 2021.