Commonwealth Silver and Gold Mining Inc. ("Commonwealth Silver" or the "Company") is a private Canadian mineral exploration and development company focused on acquiring gold and silver properties in Arizona and advancing them towards production, including the Company’s 98% controlled flagship asset, the past-producing Commonwealth gold and silver mine. The Company comprises an experienced management group with a strong background in all aspects of acquisition, exploration, development and financing of precious metals mining projects. On August 21, 2012 the Company received a $2,000,000 strategic investment from Coeur Mining Inc., announced on August 27, 2012.
U.S. Focused Gold and Silver Assets
Arizona - It is management's belief that the Pearce mining district has the potential to host a significant economic gold and silver mineral resource. The Company controls the historic Commonwealth Mine and surrounding mining claims as well as the Blue Jeep, San Ignacio and Six Mile Hill exploration properties, totalling approximately 3,900 acres of mineral rights. In June 2013, the Company announced an updated mineral resource estimate on the Commonwealth Project in compliance with National Instrument 43-101, calculated by Hard Rock Consulting, LLC (see "Resource Summary" under "Projects" tab) and on February 13, 2014, the Company announced the results of a Preliminary Economic Assessment (“PEA”) on the Commonwealth Project. For a copy of the full Technical Report titled, “Updated National Instrument 43-101 Technical Report – Preliminary Economic Assessment, Commonwealth Silver and Gold Project, Cochise County, Arizona USA” dated April 30, 2014 with an effective date of November 30, 2013 see “Technical Reports” under the “Projects” tab. The Company plans to develop the Commonwealth Project as an open pit, heap leach operation located entirely on private land and patented mining claims. The PEA has been prepared on an after-tax basis and includes only Measured and Indicated estimated Mineral Resources.