Tangana West comprises a 697-hectare concession package exhibiting polymetallic mineralization within intermediate sulfidation mesothermal and epithermal veins. Situated 145 km east of Peru’s prominent Pan American highway in the Huachocolpa district, Huancavelica region in south-central Peru, the project is conveniently accessible via a 460 km paved road from Pisco to Huayraccasa, followed by a 30 km dirt road leading to the site.
The east-west orientation of Tangana West corresponds to the Tangana vein system’s projection. Well-preserved, this vein primarily contains freibergite (a silver sulfosalt), along with quartz and barite at higher elevations. Structural emplacement takes place at the juncture of volcanic breccias and andesitic domes, reaching depths of up to 600 meters below the 5,000-meter elevation mark.
In 2022, a systematic sampling campaign revealed that the vein boasts an average width of 1.1 meters, with grades measuring 0.5 g/t Au, 1,400 g/t Ag, 2.9% Pb, and 1.6% Zn. Silver X has announced its plans to reopen the mine, commencing drilling operations to delineate and develop resources at greater depths.