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Orvana Minerals Corp.
Summary
| Project: | Don Mario | |
|---|---|---|
| Deposit: | Don Mario | |
| Location: | Bolivia | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 1/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-1-2017: Orvana Minerals Corp. announces a Resource Estimation report for its Don Mario deposit at the Don Mario project. Updated mineral resources and ore reserves at project. DGCS SA (“DGCS”) was retained by Orvana Minerals Corp. (“Orvana”) to prepare | |
| Resources: | (Reserve, P+P): 844Kt @ 2.54g/t Au, 0.63% Cu, 7.43g/t Ag in-situ Reserves | |
| CP/QP: | [Resources]: Gino Zandonai (DCGS Consulting) | |
| ABSTRACT: | DGCS SA (“DGCS”) was retained by Orvana Minerals Corp. (“Orvana”) to prepare an update of the technical report in accordance with National Instrument 43-101 (“NI43-101”) for the EMIPA S.A. – Don Mario operation (“Don Mario” or the “Don Mario Operation” or the “Project”) located in the San Juan Canton, Chiquitos Province of eastern Bolivia, in the department of Santa Cruz, and specifically the last NI43-101 report dated November 14, 2015 prepared by Mercator Geological Services Limited (“Mercator”) and DGCS (“Mercator (2015)”). The purpose of this report is to update mineral resource and mineral reserve statements for the total Don Mario Operation and to support the upgrade of mineral resources to mineral reserves at the Lower Mineralized Zone (“LMZ”) as at September 30, 2016. The Don Mario operation currently consists of the exploitation of the Upper Mineralized Zone (“UMZ”) and the LMZ units by open pit that produces a nominal 2,500 tonnes per day of ore of two material types – transitional and sulphides. A gravity-flotation processing plant located at Don Mario produces gold concentrate, copper concentrate with gold and silver credits and a limited amount of lead concentrate. Total production for the fiscal year ending September 30, 2016 was approximately 21,102 ounces of gold, 10.5 million pounds of copper and 381,523 ounces of silver. | |
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