Regency Silver Corp. Expands Holdings Near San Dimas Mine, Could Be Poised For Growth In Precious Metals

Robert Friedland, an American-Canadian billionaire financier specializing in securing funding for the exploration and development of mineral and energy resources, recently gave a talk about his thoughts on the future of mining. His extensive experience in the mining industry has made him a prominent figure in the global mining world. At his talk, he pushed against the rising narrative that mining is a way of the past and heavily criticized anyone who is neglecting to emphasize the importance of mining in modern technology.

While Friedland stated the importance of lithium mining in regard to battery technology, he highlighted that he believes people are undervaluing metals, stating that for green energy technology to be widely adapted there isn’t enough lithium to supply, and various metals will need to be integrated into that technology to be sustainable and wide-spread. In general, the takeaway point from his speech was that mining isn’t poised to go away anytime soon.

Friedland might be onto something because metals seem to be rising in value amid concerns over inflation and the global economy. Gold has seen a steady increase in value in recent years due to a combination of factors like political instability, inflation and a desire to diversify wealth management. Clive Maund argues that gold is on the brink of another major breakthrough moment if historical trends are to be believed. Metals, in general, might be witnessing a revival if they are indeed as valuable to the renewable energy economy as Friedland predicts. If this is true, reputable and successful mining companies will be more important than ever.

Regency Silver Corp. (OTC:RSMXF), a Canadian mining company with operations in Sonora, Mexico, is an exploration company focusing on gold, silver and copper. The company has recently signed an option agreement to acquire two neighboring claims near the San Dimas mine in Durango, Mexico. The company reports that these claims, spanning across 3,498 hectares, are known for their abundant artisanal workings and tunnels.

In the past, samples obtained from the area have shown impressive assay values, with up to 17 grams of gold per tonne and 7,753 grams of silver per tonne. Recent sampling performed by Regency Silver itself has confirmed the presence of valuable minerals, with assay values of 8.95 grams of gold per tonne and 304 grams of silver per tonne, as well as 0.49 grams of gold per tonne and 1,084 grams of silver per tonne.

The location of these claims is particularly advantageous, as they are a mere 13 kilometers away from the renowned San Dimas mine. Over the years, the San Dimas district has been a significant source of precious metals, with estimates suggesting more than 748 million ounces of silver and over 11 million ounces of gold produced up until 2018. This remarkable production reportedly places the district as the third highest in Mexico for precious metal extraction,

This acquisition could positively position Regency Silver to benefit from the increased value of gold and other precious metals. Additionally, if silver is to be used more widely in emerging technologies, this project could help facilitate additional value for the company.

Featured photo by David Hellmann on Unsplash.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

RSMXFREGENCY SILVER CORP by Regency Silver Corp.

$0.0823-8.27%

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Regency Silver Corp. Expands Holdings Near San Dimas Mine, Could Be Poised For Growth In Precious Metals Industry