Canadian mining company Sandspring Resources Ltd has identified silver resources on its property in Guyana and will use this to secure additional financial support. Last week, the company announced that it has put off completing a feasibility study for its proposed large-scale gold mine at Toroparu, Upper Puruni River as a result of uncertainty in the gold market. On Monday, in a statement, the company announced the addition of silver at its wholly owned Toroparu Project. The silver resource lies within the boundaries of the company’s Main Pit and Southeast Pit areas that are the subject of the Company’s pre-feasibility study.
“The declaration of this silver resource is significant for Sandspring at this time of volatility in the mining sector,” Sandspring Chief Executive Officer (CEO) Rich Munson was quoted as saying. “We have initiated discussions to utilize this silver resource to secure additional financial support
