Stroud Resources Ltd. is a Canadian public company listed on the TSX Venture Exchange, trading under the symbol “SDR”. Stroud’s mission is to create shareholder value through the exploration and discovery of precious metal deposits. It has previously focused on an easily accessible, epithermal gold and silver projects in Mexico and Archean gold deposits in Canada
The Company entered a difficult period following the steady decline in base metal prices during 2013 and the sudden and unexpected passing of George Coburn, its Founder and CEO, in December of 2013. Over the next three years, the Board of Directors stabilized the Company and reaffirmed the vision to move its Santo Domingo Project towards production.
Today, the Company is excited to unearth the potential of this epithermal silver-gold property located in Jalisco, Mexico. Two mineral rich belts occur on the east and west sides of the Sierra Madre Mountains in Mexico. Stroud’s Santo Domingo project is in the Western Silver-Gold Belt. Mineralization at Santo Domingo is similar in geological settings to that of two major mining areas of Fresnillo and Zacatecas, each with historic silver production in excess of 400 million ounces.
Previous workings, sampling and drilling done on the property give preliminary indications that Santo Domingo is a very large silver target. A new NI 43-101 Technical Report has confirmed a significant deposit on the property. The potential for high grade silver to be found at depth seems highly likely considering the property has never been explored beyond 150 metre depths using modern technology.
The Santo Domingo Property in Mexico is 100% owned by Stroud, and Net Smelter Royalties are less than US $3,500,000.
A new drilling program has been planned to advance the property towards future production.
Favourable Mining Regime
Mexico is the world leader in silver production, well ahead of the world’s second-biggest producer, Peru, with more than 180 million ounces produced in 2016. Since 2003, Mexico moved from eight to fourth place on the global mining ranks in terms exploration spending.
Mexico is politically stable and is a most favourable country for mining investment. It has a long mining history, a good Mining Code, favourable foreign investment laws and is a member of NAFTA. Mexico has a good working climate allowing for year-round exploration. Travel logistics, and the availability of dedicated professionals and labour, is excellent.
With its favourable geological environment and supportive mining regulations, Mexico has seen a substantial percentage of the world-wide investment in mining. Canada is a key player in Mexico with about half of current mining projects being funded from Canada. Many Canadian mining and exploration companies are exploring and producing in Mexico including First Majestic Silver Corp., Endeavour Silver, MAG Silver, Wheaton Precious Metals, Pan American Silver, Esperanza Silver Corp., Impact Silver, Arian Silver, Aura Silver, Avino Silver & Gold Mines, and Canasil Resources, to name a few.