Mercator Minerals Ltd. changed its name from Silver Eagle Resources on March 13, 2001 along with a 1 new for 5 old share rollback. Primary assets in Mexico are San Felipe Ag-Zn polymetallic vein deposit in Sonora developed in conjunction with Boliden.

Mercator Minerals Ltd.  ML   (TSX)

Operates in Mexico through wholly-owned subsidiary Liximin S. A. de C.V.

San Felipe Project, Sonora. Polymetallic vein property being developed in conjunction with Boliden Ltd. who has now earned in at a 51% level. Two further holes were drilled on the La Ventana structure. One 15.7m intercept from SF00-22 (180.3m to 196.0m) ran 0.35% Cu, 3.56% Pb, 7.73% Zn and 137.2 gpt Ag + Au. This property was formerly operated by Silver Eagle jointly with Boliden. (see below)

wwwinfo November, 2001
Press Release 26Feb01

San Felipe Zn-Ag-Pb-Cu Project: near San Felipe de Jesus, Sonora. Optioned a 7133 acre package from Cia. Minera Serrana S.A. de C.V. and now optioned 51% to Boliden Mexico S.A. de C.V on a 4-year exploration option. Reportedly has 300,000 tons of tailings at 0.007 opt Au, 1.45 opt Ag, 1.17% Pb, 2.3% Zn and 0.05% Cu, enough for a 3-yr mine life. San Felipe oxide project plans to work oxidized Ag-Pb ores. Phase I drill program concluded in 1998. Average grades of ore intercepts reported as 7.5m of 0.41% Cu, 3.66% Pb, 6.21%Zn, 53.1 gpt Ag and trace Au. and 20.9m of 0.1% Cu, 0.61% Pb, 7.48%Zn, 44.4 gpt Ag and trace Au. Phase II drill program completed in Spring of 1999 continued to extend good grade mineralization west along strike and down dip to the south. Phase II drilled up through SF99-15.

Press Release 18Jun99 (with tabulated drill results for 10 best holes)
GCN #3 6Jan99 (with map and drill highlights)