News

April 28, 2009

New Money For Oro Silver Means Drilling To Increase The Size Of The El Compas Project In Mexico Can Now Get Underway

By Alastair Ford

It’s not been easy getting hold of Oro Silver’s Darren Bahrey lately. That’s been not because, like many a small cap mining company president in this market, he’s switched out all the lights and gone home until the financial turmoil blows over. To be sure, Oro Silver has made cutbacks, and has actually taken the hard decision to all but drop one of the two lead projects that it had such hopes for last year. But work carries on apace on the other one, the El Compas Mine in Zacatecas, Mexico. What’s more, Oro’s cash position is about to be boosted by C$500,000 in new funds, meaning that even if activity is curtailed, it’s by no means ground to a halt. No, the reason it’s been hard to get hold of Darren recently is because he’s been spending so much time out in the field in Zacatecas, working out drilling schedules, and indeed a whole new geological concept for El Compas, that he doesn’t get to spend much time back in the office.

But his investor relations team does a fair job of keeping in touch with the markets during his absence. And as soon he gets back to Vancouver and finds a message on his answering machine from Minesite, he’s straight on the phone and into a conversation about the latest developments at El Compas, the decision to off-load the Vetagrande silver project into a private company, and much else besides. As far as Vetagrande is concerned, says Darren, “it’s not over”. Oro will maintain links to...