Santacruz looks to sell Gavilanes mine for $3.5m

TSX-V-listed Santacruz Silver Mining has signed a letter of intent (LoI) to sell its interest in the Gavilanes project in Durango, Mexico to an arm's-length third-party gold and silver producer for $3.5-million, plus value-added tax. Gavilanes is located in the central part of the Sierra Madre Occidental and includes ten mining concessions, covering a total area of 8 832 ha.