Iberian Minerals Announces Extended Mine Life at Condestable Mine; Details Further Expansion
02 9월 2011 - 12:25AM
Marketwired
Iberian Minerals Corp. (TSX VENTURE: IZN) today announces the
receipt of a new updated independent NI 43-101 Technical Report for
the Condestable and Raul deposits at its Condestable Mine in Peru.
The report prepared by SRK Consulting confirms resource
replenishment year over year, and extends the current mine life by
4 years.
Daniel Vanin, President & CEO of Iberian said "We are
pleased to see confirmation of our stated ability to replace
Reserves year over year, and to thereby extend our mine life by a
further 4 years. We are looking forward to additional results from
exploration drill programs underway at Condestable Norte, Vinchos
Centro, Vinchos Sur which we expect in the coming months. The
additional planned expansion to the processing plant at Condestable
has begun and will allow continued metal production at the same
levels while processing lower headgrades in-line with the reserve
of the mined mantos in the years to come."
This new NI 43-101 report replaces the previous report, that was
dated 2008 and provides a new estimate of both the mineral reserves
and resources at Condestable.
CMC Mineral Reserve Statement, December 31, 2010(i)
----------------------------------------------------------------------------
Reserve Classification Raul and Condestable Mines
----------------------------------------
Tonnage (kt) Cu Grade (%)
----------------------------------------------------------------------------
Proven 6,444 1.12
Probable 4,222 1.05
----------------------------------------------------------------------------
Total proven and probable 10,666 1.10
----------------------------------------------------------------------------
Reported at a cut-off of 0.9% copper. Mineral Reserves are included in
Mineral Resources
The Condestable Mine currently operates at 6,600 tonnes per day,
and produces approximately 52,000,000 pounds of copper per year.
The Company undertook an initial expansion to the processing plant
at the end of 2010, which was completed in June 2011. A second
expansion is now underway, and as of January 2012 the plant is
forecast to be operating at 7,000tpd, the rate used to calculate
the updated mine life.
The above mineral reserves are based on the following updated
mineral resources:
Mineral Resource Statement(i) for the Condestable-Raul Copper Mine,
Department of Lima, Peru, December 31, 2010
----------------------------------------------------------------------------
Resource Classification Tonnage (kt) Copper Grade (%)
----------------------------------------------------------------------------
Raul Mine
Measured 3,805 1.87
Indicated 2,616 1.70
----------------------------------------------------------------------------
Total Measured and Indicated 6,421 1.80
----------------------------------------------------------------------------
Inferred 5,611 1.03
Condestable Mine
Measured 754 1.28
Indicated 532 1.18
----------------------------------------------------------------------------
Total Measured and Indicated 1,286 1.24
----------------------------------------------------------------------------
Inferred 172 1.34
Combined Raul and Condestable Mines
Measured 4,559 1.77
Indicated 3,148 1.61
----------------------------------------------------------------------------
Total Measured and Indicated 7,707 1.71
----------------------------------------------------------------------------
Inferred 5,783 1.04
----------------------------------------------------------------------------
(i)Reported at a cut-off of 0.9% copper. Includes Mineral Reserves.
Classified according to the "CIM Standards on Mineral Resources and
Reserves: Definitions and Guidelines" (December, 2005). All figures rounded
to reflect the relative accuracy of the estimate. Mineral resources are not
mineral reserves and do not have demonstrated economic viability.
All technical information in this press release has been
reviewed and approved by Mike Newbury, P.Eng. who is a Qualified
Person ("QP") under National Instrument 43-101.
The 43-101 report was reviewed and approved by Jean-Francois
Couture, P.Geo, PhD and Neal Rigby, CEng, MIMMM, PhD who are
Qualified Persons ("QP") under National Instrument 43-101 and will
be available on the Sedar website www.sedar.com shortly.
About Iberian Minerals Corp.
Iberian Minerals Corp. is a Canadian listed global base metals
company with interests in Spain and Peru. The Condestable Mine,
located in Peru approximately 90 km south of Lima operates at 2.2
million tonnes per year producing copper, and associated silver and
gold in a concentrate. The Aguas Tenidas Mine is in the Andalucia
region of Spain approximately 110 km north-west of Seville and
operates a 2.2 million tonnes per year underground mine and
concentrator that produces copper, zinc and lead concentrates that
also contain gold and silver.
FORWARD LOOKING STATEMENTS:
This news release contains certain "forward-looking statements"
and "forward-looking information" under applicable securities laws.
Except for statements of historical fact, certain information
contained herein constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", and other similar words, or statements
that certain events or conditions "may" or "will" occur. Forward
looking information may include, but is not limited to, statements
with respect to the future financial or operating performances of
the Corporation, its subsidiaries and their respective projects,
the timing and amount of estimated future production, estimated
costs of future production, capital, operating and exploration
expenditures, the future price of copper, gold and zinc, the
estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the costs and timing of future
exploration, requirements for additional capital, government
regulation of exploration, development and mining operations,
environmental risks, reclamation and rehabilitation expenses, title
disputes or claims, and limitations of insurance coverage.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are based on
a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. Many of these assumptions are based on
factors and events that are not within the control of the
Corporation and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially
from results anticipated by such forward-looking statements include
changes in market conditions and other risk factors discussed or
referred to in the section entitled "Risk Factors" in the
Corporation's annual information form dated March 30, 2011.
Although the Corporation has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be anticipated, estimated or intended. There can
be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The
Corporation undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Iberian Minerals Corp. Laura Sandilands Investor
Relations and Corporate Communications 416-815-8558
InZinc Mining (TSXV:IZN)
과거 데이터 주식 차트
부터 7월(7) 2024 으로 8월(8) 2024
InZinc Mining (TSXV:IZN)
과거 데이터 주식 차트
부터 8월(8) 2023 으로 8월(8) 2024