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Zacatecas Silver Signs Definitive Option to Buy Four Mexican Exploration Properties

The deal gives Zacatecas access to undrilled, district-scale targets with 14% of the purchase deferred until Mexican concessions are registered.

A) and B) Vein outcrops along Oso Negro Property. B) 150 m outcrop of quartz vein with 1.5 m wide.
Old mining works at Cumaro property.

Overview

  • Zacatecas has executed a definitive option to acquire 100% of the Cumaro, La Lola, Oso Negro and Ejutla properties and has already paid US$129,000 and issued roughly 4.2 million shares toward the agreed consideration.
  • Under the option Zacatecas must deliver US$450,000 in staged cash and US$750,000 in common shares to Heliostar, with a portion of the consideration held back pending concession registration.
  • The agreement creates a 2% net smelter return royalty on the portfolio, allows Zacatecas to buy half that royalty for US$2 million, and preserves existing underlying royalties that include buy-down options and change-of-control triggers.
  • The properties offer near-term exploration targets: Oso Negro is undrilled but carries historical high-grade channel and grab samples, Cumaro lies along strike from Coeur’s El Picacho development, and Zacatecas plans immediate mapping and sampling.
  • Because Mexican concession registration is still pending, the timing of final payments and clear title transfer could shift exploration schedules, and the company has engaged Capital Gains Media to manage investor communications.