For thousands of other reports visit RSC's Mineral Intellingence Map

Americas Silver Corp.

opaxe

Summary

Project:

Cosala Operations

Deposit:Cosala Operations
Location:Mexico
Commodities:Silver-Copper-Lead-Zinc
Date:10/11/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:11-10-2018: Americas Silver Corp. announces a Resource Estimation report for its Cosala Operations deposit at the Cosala Operations project. Updated mineral resource and ore reserve estimate at the project. TORONTO, ONTARIO—October 11, 2018—Americas Silve
Resources:(Reserve, P+P): 2.912Mt @ 110g/t Ag, 1.68% Pb, 3.98% Zn
CP/QP:[Resources]: James Stonehouse, Paul Tietz (Internal;Independent)
ABSTRACT:TORONTO, ONTARIO—October 11, 2018—Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to provide updated Mineral Reserve and Resource estimates for its two 100% owned assets, the Galena Complex in Idaho, USA and the Cosalá Operations in Sinaloa, Mexico, including the San Rafael, El Cajón, and Nuestra Señora mines, and the Zone 120 deposit. The estimate also includes the San Felipe project in Sonora, Mexico on which the Company holds an option. This updated Mineral Reserve and Resource estimate reflects the drilling programs completed between June 30, 2017 and June 30, 2018 as well as production data during that period (where applicable) with an effective date of June 30, 2018 for the estimates. The Mineral Resources attributable to the San Felipe project have an effective date of March 15, 2018. “The Company has done a good job at managing its proven and probable mineral reserves and measured and indicated resources despite modest exploration budgets,” said Darren Blasutti, President and CEO. “With reserves and measured and indicated resources of approximately 100 million ounces of silver, 1.1 billion pounds of zinc, and over 800 million pounds of lead across our royalty‐ and stream‐free properties, we provide very attractive production optionality and per share resource leverage to higher commodity prices.” Compared to the last Mineral Reserve and Resource estimate at June 30, 2017, silver contained in the consolidated proven and probable reserves dropped 9%, or 2.6 million ounces, to 25.6 million ounces due to mining depletion, the Nuestra Señora mine’s repositioning to care and maintenance, and a change in pillar design at San Rafael. These factors also contributed to the decrease in zinc and lead comparatively between periods. The mining recovery at San Rafael dropped from 90% to 80% after incorporating geotechnical parameters which reflect the pillar requirements associated with the “post‐pillar cut and fill” mining method. Galena continues to primarily produce silver‐lead ore and the proven and probable reserves associated with this material decreased by 11% or approximately 0.9 million ounces. Drilling and additional resource modeling work completed on the silver‐copper resource increased the contained silver reserves by 12%, or 0.8 million ounces to 7.9 million ounces. The net result at Galena is silver contained in the reserves remained unchanged, despite production depletion.

Full Report

opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.

Full Report