Fabled Silver Gold Corp (TSXV: FCO: OTCQB: FBSGF; and FSE: 7NQ) is a Vancouver-based mining company focused on developing, exploring, and acquiring mineral properties in Mexico.
The company’s portfolio consists of two projects, Muskwa Project and Santa Maria Project.
Santa Maria Project
The company has option to wholly own the property from Golden Minerals. It is a high-grade underground mine located approximately 39 kilometers from Parral in Mexico’s Chihuahua region.
The company that Parral is a mining friendly province that has produced over 250 million ounces of silver in past. The property consists of an infrastructure that includes dirt roads, grid power and labor supply. The company says that surface geochemistry and geophysics studies were never completed on this property in past.
The Canadian firm the silver and gold project is similar to Las Chispas project of Silver Crest. It lies within the Mexican epithermal gold-silver belt. Santa Maria Property was known as a significant metallogenic region that has developed several silver deposits, the firm claims.
On April 8, 2021, the company entered into an amended and restated option agreement with High Range Exploration Ltd for the latter’s copper properties, including Neil Property and the Toro Property, in northern British Columbia. With the amended agreement, Fabled Silver Gold Corp can own and operate additional claims covering 3,842 hectares located near mineral belts.
In May 19, 2021, the company announced a proposed spinout of its copper assets into a separate publicly traded firm under the name Fabled Copper Corp. Its copper assets are jointed called as Muskwa Project.
The company anticipates that the arrangement would gradually increase shareholder value by giving an opportunity to capital markets to assign value to the Muskwa Copper Project.
However, the Canadian exploration firm intends to focus on advancing drilling operations at Mexico-based Santa Maria silver property.