Prime Mining (TSX.V: PRYM) is an ideal mix of successful capital markets mining executives and experienced local operators who have combined to build a new, near term gold producer at the historically productive Los Reyes project in Sinaloa, Mexico. Decades of extensive fieldwork and technical studies have positioned Los Reyes to be an advanced, cost-effective opportunity poised for rapid advancement.
Gold and silver were discovered at Los Reyes by the Spanish in the late 1700s and mining occurred in the area for over 150 years up until the 1950s. The Guadalupe de los Reyes underground mine opened in the late 1800s and to-date is the most significant source of gold production in the district. It is estimated to have produced 500-600,000 oz of gold and 40M oz of silver at reported grades of +10 g/t Au and +500 g/t Ag.