El Pinguico, Mexico

The Pinguico Project is located 7 kilometres southeast of Guanajuato city, in the State of Guanajuato, Mexico. The property consists of two mining concessions totalling 71 hectares.
Introduction

Vangold Mining’s El Pinguico mine near Guanajuato Mexico was in production from the late 1880’s until 1913. In its day it was a very hi-grade producer of silver and gold.

Today, our historic mine is in close proximity to several active, modern mining operations including Endeavour Silver’s El Cubo and Bolanitos mine and mill complexes; Fresnillo PLC’s Las Torres mine and mill operation, and Great Panther Mining’s Guanajuato mine complex which includes the San Ignacio mine. All of these operations lie between 2 and 30km from Vangold’s principal project.

The property is approximately 2200 meters above sea level, and the terrain consists of gentle slopes with some abrupt changes in relief. Easy road access can be gained from Guanajuato.

The mining history of Guanajuato dates back to the sixteenth century, when the Spanish began mineral exploration in the region in 1520. Between 1548 and 1554 silver was discovered in the area of the San Bernabé and Rayas. This discovery led to the settling of people in the area and the city of Guanajuato as a population center. Guanajuato was one of the premier mining districts of Nueva España (New Spain) at this time.