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Morumbi Resources Inc.
Summary
| Project: | El Mochito | |
|---|---|---|
| Deposit: | El Mochito | |
| Location: | Honduras | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 12/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-12-2016: Morumbi Resources Inc. announces a Supporting Acquisition report for its El Mochito deposit at the El Mochito project. Summary of property in support of acquisition of mine. Morumbi Resources Inc. (Morumbi) is in the process of purchasing the E | |
| Resources: | Historic resources and reserves only, not NI43-101 compliant | |
| CP/QP: | [Overall Report]: D Makepeace, C Lattanzi, J Spooner, B Hennessey, B Damjanovic (Micon International Ltd.;Independent) | |
| ABSTRACT: | Morumbi Resources Inc. (Morumbi) is in the process of purchasing the El Mochito Mine in Honduras from Nyrstar Group/Nyrstar NV (Nyrstar). El Mochito is operated through a subsidiary company of Nyrstar, American Pacific Honduras SA de CV (AMPAC). Morumbi is acquiring El Mochito through the acquisition of AMPAC. The El Mochito property is located in northwest Honduras, near the town of Las Vegas, approximately 88 km southwest of San Pedro Sula and 220 km northwest of the capital city, Tegucigalpa. The property consists of an underground zinc-lead-silver mine and a nominal 2,300 t/d concentrator producing zinc and lead concentrates. The nameplate capacity of the concentrator is reported to be 2,300 t/d, although it is understood that it normally operates at approximately 2,250 t/d. Production began in 1948 and has continued for 68 years almost continuously. The Nyrstar Group took control of the mine in August, 2011. The economic mineralization at the El Mochito mine occurs as both manto and chimney skarn deposits in Lower Cretaceous limestones. In 2015, the mine produced approximately 766,000 t of ore grading 3.52 % zinc, 1.70 % lead and 51.79 g/t silver. The mill recoveries were 86.4 % zinc, 76.6 % lead and 87.8 % silver. | |
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