Zacatecas Silver Raises $2.5M to Drill Oso Negro Project

Zacatecas Silver Corp. (TSXV: ZAC, OTCQB: ZCTSF, FRA: 7TV) launched a non-brokered private placement of up to $2.5 million, with proceeds earmarked for the maiden drill program at the Oso Negro project in Sonora, Mexico.

Each unit, priced at $0.07, consists of one common share and one warrant exercisable at $0.09 for two years. The company may also pay finder’s fees under TSX Venture Exchange rules. All securities carry a four-month-and-one-day hold period.

Oso Negro is an undrilled low-sulphidation epithermal system controlled by the Prospecto and Tere veins. Phase two rock-chip sampling, completed in early July, extended the mapped strike of the Prospecto vein to over 2.5 kilometres and the Tere vein to about 0.5 kilometres. Three hundred and ninety-one samples were collected, building on phase one results of up to 14.8 g/t gold and 2,340 g/t silver.

The company has identified 20 drill pad locations and completed the ecological studies needed to apply for a SEMARNAT drill permit. Vein textures observed are consistent with the upper levels of an epithermal system where a boiling zone at depth typically preserves precious metal mineralisation, suggesting the highest-grade portion remains untested below current sampling depths.