Our Complete Ownership of the Cobriza Project

Coral Silver will like to clarify that we own 100 percent of the Cobriza Project. We have entertained possible purchases with different mining companies but none have been completed. It’s been brought to our attention that some mining companies are portraying to own our project.  Specifically Hawkeye Gold does not own La Cobriza and it’s not part of their properties.  We have already asked for the pictures and description of the project to be removed from their website.


If you need further information on La Cobriza please feel free to contact us.

Coral Silver announces selling of 30,000 hectares.

Coral Silver is proud to announce the conclusion of a negotiation to sell 5 of it's properties to a first class Public Mining Company. The properties sold were unexplored but geological field studies have found similar geological characteristics with the already producing mines of the area. This deal reinforces the position of Coral Silver's mining projects as the San Dimas mining district grows in development. This also solidifies our Company's value and the capacity to develop our more advanced projects in the region, Cobriza and Temehuaya, and brings us closer to our goal of becoming a royalty company.

Notification of the Ministry of Economy

 

Today Coral Silver was officially notified by the Ministry of Economy through its General Office for Mining(Dirección General de Minas), stating that the mining concession of San Jose de Causas was no longer cancelled and had all of its rights and obligations reinstated. This is a compliance with the resolution of the Federal Court on the case on favor of Coral Silver. 

The title of the property was suspended by the Mexican authorities in January 2015 due to a discrepancy over the Company's address and the original owner’s address of the San Jose de Causas title.

Link to the notification.

New Agreement

 Coral Silver is pleased to announce that it has come to an agreement with a European based company to start superficial studies on the Cobriza Project with views to begin an operation as soon as possible. The details of this agreement and of the operation will be released when the process of due diligence and the required studies are concluded, the agreement grants 30 days and if needed 15 more days to conclude said process, Coral Silver has also given permission to consult the specifics with the SGM (Servicio Geologico Mexicano). 

Coral Silver announces that the property of San Jose de Causas has been reinstated.

Mexico DF, Coral Silver is pleased to announce that the property of San Jose de Causas (231525) has been reinstated as a title of Coral Silver and that it has complete right of usage over the property. 

As of today the final signature by the Federal Court for Fiscal & Administrative Justice of Mexico  was issued giving a favourable resolution to the company, granting the right to explore and develop the property, and continue the evaluation of proposals received from at least three interested parties.

The title of the property was suspended by the Mexican authorities in January 2015 due to a discrepancy over the Company's address and the original owner’s address of the San Jose de Causas title. 

Geological Field Study

At the beginning of the year Coral Silver with the help of geologists from Primero Mining made a field study in the properties of San Jose de Causas, Temehuaya, Gavilan 3 and Gavilan 2. The results of this study were very interesting according to the geologists that participated in it, they expressed that the claims are worthy of further exploring. 

The objective of the study was to visit outcrops or veins and old workings with significant geological value and record their coordinates.