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VM Holding S.A.
Summary
| Project: | Hilarion | |
|---|---|---|
| Deposit: | Hilarion | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Copper-Silver | |
| Date: | 9/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-9-2017: VM Holding S.A. announces a Resource Estimation report for its Hilarion deposit at the Hilarion project. JV-Updated mineral resource estimate for project. Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prepare an i | |
| Resources: | (Resource): 10.7Mt @ 4.2% Zn, 0.2% Pb, 28.3g/t Ag (Inf), 1.5Mt @ 4.4% Zn, 0.3%Pb, 36.3g/t Ag (Ind.) | |
| CP/QP: | [Resources]: Johm Fingas, Rosemary Cardenas (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prepare an independent Technical Report on the Hilariόn Project (the Project or the Property), located in the Ancash Region, Peru. The purpose of this report is to support the disclosure of an updated Mineral Resource estimate for the Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Property on June 15, 2017. VMH is a company based in Luxembourg and is one of the largest producers of zinc in the world. It has a diversified portfolio of polymetallic mines (zinc, lead, copper, silver, and gold) and also greenfield projects at various stages of development in Brazil and Peru. In Brazil, VMH owns and operates two underground mines, Vazante (Zn and Pb) and Morro Agudo (Zn and Pb) and two development projects, Aripuanã and Caçapava do Sul. It also operates two zinc smelters in Brazil (Três Marias and Juiz de Fora). In Peru, VMH owns a controlling interest in Lima Stock Exchange-listed Compañía Minera - Milpo S.A.A. (Milpo). Milpo currently operates the El Porvenir (Zn-Pb-Cu-Ag-Au), Cerro Lindo (Zn-Cu-Pb-Ag), and Atacocha (ZnCu-Pb-Au-Ag) underground mines in Peru. The development projects in Peru include Magistral, Shalipayco, Florida Canyon (JV with Solitario), Hilarión, and Pukaqaqa. It also operates one zinc smelter in Peru (Cajamarquilla). The Hilariόn Project consists of 67 granted concessions and three concession applications covering an area of approximately 14,660 ha located in southeastern Ancash Region, approximately 230 km north of the capital of Lima. The Property is accessible by road. Milpo took over Hilarión Project in 1982, under the subsidiary name of Compañia Minera Hilarión. | |
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