For thousands of other reports visit RSC's Mineral Intellingence Map
Primero Mining Corp.
Summary
| Project: | Cerro | |
|---|---|---|
| Deposit: | Cerro | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 22-2-2017: Primero Mining Corp. announces a Resource Estimation report for its Cerro deposit at the Cerro project. Updated mineral resource and ore reserve statement. Primero Mining Corp. (‘‘Primero’’ or the ‘‘Company’’) (TSX:P, NYSE:PPP) today announced | |
| Resources: | (Reserve, P+P): 32.2Mt @ 0.7g/t Au, 15g/t Ag at project | |
| CP/QP: | [Resources]: Timothy Carew (Reserva International LLC) | |
| ABSTRACT: | Primero Mining Corp. (‘‘Primero’’ or the ‘‘Company’’) (TSX:P, NYSE:PPP) today announced its updated year-end 2016 Mineral Reserves and Mineral Resources. Total Primero Proven and Probable Mineral Reserves at December 31, 2016 were 1.3 million ounces of contained gold and 56.6 million ounces of contained silver. This represents a decrease of 24% for gold and 20% for silver from year-end 2015, primarily attributable to mining depletion (155,000 gold ounces and 5.3 million silver ounces) and modified modeling parameters. In its modeling approach, the Company has applied a two-pass cut-off grade methodology and increased geological constraints which will improve mine planning and future reserve reconciliations. ‘‘Our 2016 exploration program substantially replaced our depleted Mineral Resources,’’ stated Damien Marantelli, Chief Operating Officer. ‘‘However, our Mineral Reserve estimate was affected by mining depletion and improvements we made to our geological controls and modelling methodologies. We believe these important changes will set up our mines for future successes through improved planning, predictability and deliverability. Primero has traditionally had a strong history of replacing Mineral Reserves and we remain confident in the significant mineral endowment of our mining districts.” The Cerro de Gallo Mineral Resources are calculated exclusive of Mineral Reserves. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report