Overview

Aura Silver has two active projects where we are searching for precious metals. One is located in an established producing silver district in Mexico and the second is located in an under explored Archean greenstone belt in the far north of Canada.

In Mexico, Aura Silver is exploring in the prolific San José mining district in Oaxaca. The Taviche Project is a joint venture with Intrepid Mines with three concessions under option from Plata Panamericana S.A. de C.V., a wholly owned subsidiary of Pan American Silver Corp. The property is underlain by a large number of gold and silver-bearing quartz veins and former Spanish colonial mines. From the late 1800s to the early 1900s, over 60 small mines operated in the San Jose district. The West Taviche concession surrounds the San José silver-gold deposit under development by Fortuna Silver Mines Inc. as well as numerous other untested vein systems. The East Taviche and Alma Delia concessions host the Higo Blanco jasperoid and vein breccias complex, a 7 kilometer long silicified ridge dotted with surface indications of silver mineralization and indications of epithermal gold veins deeper in the stratigraphy. Aura Silver has fast tracked exploration in this area and has spent an aggregate of over four million dollars. The Company can earn up to a 70% interest in this Project. Further drilling on gold targets will commence in late 2010 or early 2011.

Aura Silver's Greyhound Project is a high grade silver and base metal prospect located in the Churchill region of Nunavut, Canada. The Company has staked a large land package giving it a strategic position over the highly prospective parts of an Archean greenstone belt that elsewhere hosts economic gold deposits. Recent prospecting in 2010 uncovered subcrop rock assaying up to 28 g/t gold, 5,380 g/t silver, 9.2% copper and 18.5% zinc. These showings lie along a discontinuous iron formation horizon outlined by airborne geophysical surveys. Drilling in 2010 failed to intersect VMS (volcanic massive sulphides) and the focus has changed to high-grade gold and silver targets. Additional geophysical surveys in the Fall of 2010 outlined drill targets related to the high-grade showings, soil anomalies and induced polarization results. Drilling will commence in early Spring, 2011

Please click on the below photos for a larger version:

Taviche Project:



Greyhound Project: