Print text

PROFILE

An Exploration-Stage Company and New Producer in Mexico

Dia Bras Exploration is a Canadian-based mining exploration corporation with gold, silver, lead, copper and zinc properties in Mexico. The Corporation is committed to advancing and adding value to its core assets in the renowned Sierra Madre mineral belt of Mexico.

Dia Bras began evaluating opportunities in Mexico, in 2003, and has since acquired, explored and developed high quality properties and owns two producing projects covering more than 18,000 hectares with significant potential for major discoveries in the State of Chihuahua.

In 2004, the Corporation acquired the Bolivar project. Bolivar property hosts multiple prospects and exploration targets within a large footprint of alteration and mineralization stretching for four kilometres that has yet to be thoroughly explored. The Bolivar project is related to a single copper-porphyry skarn and breccia-pipe mineralized system.

Dia Bras significantly broadened its land package in 2006 by acquiring the entire Cusihuiriachic (Cusi) silver district, known for centuries as an area rich in silver deposits. The 100-square-kilometre property encompasses at least 12 former silver mines and is situated very close to our wholly owned Malpaso Mill.

Effective September 30, 2009, the Corporation acquired 100 percent ownership of EXMIN Resources Inc. (EXMIN) in a plan of arrangement transaction under the CBCA. The results of EXMIN’s operations since the date of the acquisition have been included in the Corporation’s third quarter 2009 consolidated financial statements published on November 30, 2009. This acquisition, covering approximately 263,298 hectares in 16 projects, has greatly expanded the Corporation’s exploration portfolio that focuses on the development of other historic precious metal districts.

Dia Bras currently produces zinc and copper concentrates through its Bolivar pilot-mining program and currently produces silver doré and concentrates of zinc and lead through its Cusi pilot-mining program.

All mineralized rock produced by the Corporation is currently processed at the Malpaso mill. Dia Bras has commenced the construction of a new mill at the Bolivar project to further reduce operating and transportation costs of processing the mineralized rock produced.

Dia Bras’ goal is to focus on growing its mining operations through the development of existing properties, while maintaining production costs that will sustain the Corporation through most market conditions.