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Amerigo Resources ltd.
Summary
| Project: | Minera Valle Central | |
|---|---|---|
| Deposit: | Minera Valle Central | |
| Location: | Chile | |
| Commodities: | Copper-Molybdenum | |
| Date: | 3/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 29-3-2019: Amerigo Resources ltd. announces a Resource Estimation report for its Minera Valle Central deposit at the Minera Valle Central project. Updated technical report on project. This Technical Report (the “Technical Report”) has been prepared for th | |
| Resources: | (Resource, Inf.): 1.224Bt @ 0.152% Cu, 0.011% Mo | |
| CP/QP: | [Resources]: Robert Duncan Henderson (Internal) | |
| ABSTRACT: | This Technical Report (the “Technical Report”) has been prepared for the Minera Valle Central operations located near Rancagua in Chile. Minera Valle Central, S.A. (“MVC”) is a wholly owned subsidiary of Amerigo Resources Ltd. (“Amerigo” or the “Company”), a company listed on the Toronto Stock Exchange. Amerigo will be using this Technical Report in support of disclosure and filing requirements with the Canadian Securities Regulators. On April 8, 2014, MVC and Corporacion Nacional del Cobre de Chile (“Codelco”), Division El Teniente (“DET”) entered into an agreement (the “DET Agreement”) granting to MVC the rights to process the historic tailings in the Cauquenes deposit and amending each of the contracts with Codelco for the processing of tailings from the current production of the El Teniente mine (the “Fresh Tailings”) and tailings from the Colihues deposit. The term of the Fresh Tailings contract has been extended from 2021 to 2037. The first phase of the Cauquenes expansion project (the “Cauquenes Expansion Project”) was completed in 2015 which enabled extraction of the high-grade historic tailings into the existing plant at MVC. The second phase (the “Phase Two Expansion Project”) was essentially complete in 2018, enabling improved flotation recovery efficiency. MVC’s new fine rougher flotation cells started to produce concentrates in August, 2018 and the new cleaner flotation circuit came on-line in October, 2018. On December 21, 2018, MVC completed the 60-day project completion test set out in the bank facility for the Cauquenes Expansion Project, which included production and cost targets, environmental compliance and other requirements. | |
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