Cinzano is a junior mining company in Mexico and has obtained exclusive mining rights to this dormant silver-lead-zinc mine in the mining-friendly state of Hidalgo.
The vein is a polymetallic, sulfide vein that is visible on surface for 400 meters of the concession. The vein is approximately 1km in depth and the grade will stay consistent throughout because it is a sulfide. The vein was mined by hand in the past, with only a small portion of the vein having been mined (approximately 50 meters down and 100 meters horizontal). The mine contains a minimum of 250,000 tonnes, enough for 50+ years of mining at 360 tonnes per month. We are operating on the assumption of an average grade of ore of 900 grams silver, 9.4% lead, 2.9% zinc per tonne.
We have all the equipment that we need on the site, including scooptram, mining truck, drills, compressor, crushing assembly, etc. We will build a processing plant outside the mine for fast and efficient milling. We have built the mine infrastructure, including a tunnel, drive, and headframe are all in place on the primary vein.
Annual profits, after tax, are projected to be approximately $2.6m, once we are fully established, at current tonnage rate and price of metals.
We currently looking for a little extra funding to see us through to steady cashflow. We are selling 3 shares (3%) in Cinzano for $105,000 USD. There are 100 shares in the company. The minimum investment is $17,500 USD for 0.5% equity. This equity position is in the company and therefore extends to any and all projects and properties that Cinzano establishes, not just Pino Alto. The equity position is also in-perpetuity so dividends will be paid for the entire lifespan of our operations. The investor can expect approximately $26,000 USD annually (at 15 tonnes per day) as a dividend payment, per 1% equity, when the mine is fully operating and at current prices of the metals.
