VANCOUVER, BC, Sept. 15,
2023 /CNW/ - Santacruz Silver Mining
Ltd. (TSXV: SCZ) ("Santacruz" or "the Company")
regrets to report that an employee was fatally injured at its
Zimapan Mine on September 8,
2023.
Arturo Préstamo, Executive Chairman and Interim CEO commented,
"We are deeply saddened by this tragic accident and have extended
our deepest condolences to the employee's family. We are providing
all necessary assistance to the family and our employees during
this difficult time. Our leadership, employees and contractors
follow best safety practices and the Company will evaluate the need
for changes to mining safety procedures."
The fatality was the result of rockfall from a stope face. A
jackleg driller and his helper were collaring a horizontal blast
hole, at which time a rock fell from the face and struck the
helper. Safety personnel were immediately notified and followed
mine rescue protocols to close the mine, attend to the injured
employee, and inform the family and authorities. An investigation
is ongoing and once completed, its conclusions and recommendations
will be reviewed with key mine-site management and all staff at all
mining operations to better understand what more can be done to
improve Santacruz's safety performance. The mine has since
resumed operations.
About Santacruz Silver Mining
Ltd.
Santacruz Silver is engaged in
the operation, acquisition, exploration, and development of mineral
properties in Latin America. The
Bolivian operations are comprised of the Bolivar, Porco and the
Caballo Blanco Group, which consists of the Tres Amigos, Reserva
and Colquechaquita mines. The Soracaya exploration project and
San Lucas ore sourcing and trading
business are also in Bolivia.
The Zimapan mine is in Mexico.
'signed'
Arturo Préstamo Elizondo,
Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward looking
information
This news release includes certain statements and information
that may constitute forward-looking information within the meaning
of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as "intends", "expects" or "anticipates", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "should", "would" or
will "potentially" or "likely" occur. This information and these
statements, referred to herein as "forward‐looking statements", are
not historical facts, are made as of the date of this news release
and include without limitation, statements regarding the Company's
commitment to improving health and safety practices, completion of
the investigation and the Company's response to the investigation's
conclusions and recommendations.
These forward‐looking statements involve numerous risks and
uncertainties and actual results might differ materially from
results suggested in any forward-looking statements. These risks
and uncertainties include, among other things, risks that
that the Company will be unable to improve its health
and safety practices, the investigation will not be completed or
that the Company will be unsuccessful in implementing the
recommendations of the investigation, risks related to
changes in general economic, business and political conditions,
including changes in the financial markets, changes in applicable
laws, and compliance with extensive government regulation,
as well as those risk factors discussed or referred to in the
Company's disclosure documents filed with the securities regulatory
authorities in certain provinces of Canada and available at
www.sedarplus.ca.
In making the forward-looking statements in this news
release, the Company has applied several material assumptions,
including without limitation, the assumption that the
Company be successful in improving health and safety practices,
that the Company will complete the investigation and will
adequately respond to the investigation's conclusions and
recommendations.
There can be no assurance that any forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader should not place any undue
reliance on forward-looking information or statements. The Company
undertakes no obligation to update forward-looking information or
statements, other than as required by applicable law.
SOURCE Santacruz Silver Mining Ltd.