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Ero Copper Corp.
Summary
| Project: | NX Gold Mine | |
|---|---|---|
| Deposit: | NX Gold Mine | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 12/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-12-2019: Ero Copper Corp. announces a Resource Estimation report for its NX Gold Mine deposit at the NX Gold Mine project. Updated mineral resources and ore reserves. Vancouver, British Columbia – Ero Copper Corp. (“Ero” or the “Company”) (TSX: ERO) is | |
| Resources: | (Reserve, Prob.): 378.9Kt @ 11.35g/t Au | |
| CP/QP: | [Resources]: Porfirio Cabaleiro Rodriguez (GE21 Consultoria Mineral) | |
| ABSTRACT: | Vancouver, British Columbia – Ero Copper Corp. (“Ero” or the “Company”) (TSX: ERO) is pleased to announce its 2019 updated National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant mineral reserve and resource estimate along with updated life of mine (“LOM”) production, capital and operating cost projections for its 97.6% owned NX Gold Mine, located in Mato Grosso State, Brazil. The update incorporates the results of the first systematic drill exploration effort undertaken since the mine commenced operations in 2012, and includes the Santo Antonio Vein discovery. Commenting on the update, David Strang, President & CEO stated, “Our strategy for the NX Gold Mine at the outset of 2019 was to secure an initial mine life extension of three to five years at lowcost production for the Company. We are pleased with the result of this effort as we now see a strong foundation of gold production on which to build longer-term growth. The fact that this was achieved over only eight months of drilling in what amounts to the first real exploration effort undertaken at the property since 2012, speaks to the opportunity we see at NX Gold to continue to organically grow the mineral reserves and resources, extend mine life and ultimately significantly increase production volumes from the mine. Over the next year, we will continue to expand upon the success of the Santo Antonio Vein discovery adding incremental mine life through resource conversion of our significant inferred mineral resource base, drill testing new extensions of the Santo Antonio, Bras and Matinha veins as well as undertaking the first regional exploration program ever conducted on the extensive land package controlled by NX Gold.” | |
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