View of the Batopilas property in Mexico. Credit: Reyna Silver
Torex Gold Resources (TSX: TXG) has expanded its North American exploration portfolio with the acquisition of Reyna Silver (TSXV: RSLV) in an all-cash deal valued at C$36 million ($26 million).
The acquisition, says Torex chief executive officer Jody Kuzenko, provides the company with “immediate access to new and exciting early-stage exploration projects within prolific mining camps in northern Mexico and Nevada.”
In Nevada, Reyna has the option to acquire 70% of the Gryphon Summit project and 100% of the Medicine Springs project, both prospective for silver-lead-zinc-copper. Its Mexican assets, which are all 100% owned, include the Guigui and Batopilas projects located in Chihuahua state.
Guigui is the flagship project, covering almost the entire Santa Eulalia mining district that produced more than 50 million tonnes at 310 grams…
