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Tahoe Resources Inc.
Summary
| Project: | Escobal | |
|---|---|---|
| Deposit: | Escobal Gap Zone | |
| Location: | Guatemala | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 1/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-1-2017: Tahoe Resources Inc. announces an Exploration/Drilling Update report for its Escobal Gap Zone deposit at the Escobal project. Drill results incl. 18.0m @ 0.28g/t Au, 371g/t Ag, 0.48% Pb, 1.25% Zn from 609.0m (true width 7.7m). VANCOUVER, British | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Charlie Muerhoff (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia – January 9 2017 – Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO; NYSE: TAHO) is pleased to announce results of the Company’s 2016 exploration programs at its three areas of operation in Peru, Canada and Guatemala. The 2016 exploration programs focused on drilling for new discoveries and expanding existing deposits in all areas where Tahoe operates. Exploration expenditures for the year totaled approximately $28 million (including both expensed exploration and capitalized drilling). 1 The Company’s strong commitment to exploration will continue in 2017, with expensed exploration spending for the year targeted at $35 to $45 million. Peru is expected to account for 50% of exploration spending during the year, including La Arena sulfides, Canada for 45%, including Fenn Gib and Juby, with Guatemala accounting for the remainder. Ron Clayton, President and CEO of Tahoe commented: “Tahoe’s strategy is to obtain and develop ‘tip of the iceberg’ assets that have considerable potential for growth and value creation. Our progress in executing this plan is clearly demonstrated in our 2016 exploration results, which include the identification of significant new areas of gold mineralization at our Shahuindo mine in Peru and at multiple targets in our Timmins portfolio. We also succeeded in extending silver mineralization at Escobal into the deep Gap zone target. We are encouraged by today’s results, which could lead to the addition of substantial new resources and support increased mine life and higher production levels. | |
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