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Americas Silver Corp.
Summary
| Project: | Galena Complex | |
|---|---|---|
| Deposit: | Galena Complex | |
| Location: | United States | |
| Commodities: | Silver-Copper-Lead | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-9-2017: Americas Silver Corp. announces a Resource Estimation report for its Galena Complex deposit at the Galena Complex project. Updated mineral resources and reserves at Galena Operations. TORONTO, ONTARIO—September 18, 2017 Americas Silver Corporat | |
| Resources: | (Reserve, P+P): 1.354Mt @ 354g/t Ag, 0.13% Cu, 5.93% Pb at project | |
| CP/QP: | [Resources]: Aaron Gross (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO—September 18, 2017 Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS) (“Americas Silver” or the “Company”) is pleased to provide updated mineral reserve and resource estimates for its two 100% assets, the Galena Complex in Idaho, USA and the Cosalá Operations in Sinaloa, Mexico, including the San Rafael, El Cajon, and Nuestra Senora mines, and the Zone 120 deposit. This updated Mineral Reserve and Resource estimate reflects the drilling programs completed between January 1, 2016 and June 30, 2017 as well as production data during that period with an effective date of June 30, 2017 for the estimates. The estimate does not include drill results from holes SR399 to SR401 completed in the third quarter at the Company’s Zone 120 deposit released previously, nor the associated resources attributable to the Company’s option on the San Felipe property. “We’re pleased to have replaced and grown our metal inventory despite minimal exploration drilling until early 2017 due to the difficult state of the precious metal industry since 2012,” said Darren Blasutti, President and CEO. “The building of the San Rafael mine on time and budget coupled with the early drilling success of the adjacent Zone 120 deposit demonstrates the quality of our properties. It highlights the achievement of our disciplined capital allocation approach, prioritizing the most accretive investments to position the Company for future silver production growth without share dilution.” | |
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