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Initial Drill Hole Returned Broad Zones of Porphyry Mineralisation Including 226 Metres of 0.43% CuEq and 146 Metres of 0.30% CuEq
While the silver miners’ fundamentals are solid, traders have avoided their underperforming stocks. That won’t change until gold sentiment improves enough to fuel herd bullishness.
High-Grade Oxide Intercept Contains 757 g/t AgEq (10.81 g/t AuEq) over 17m
Includes Impressive 13 Metre Interval Grading 1,029 g/t AgEq (14.7 g/t AuEq) in Oxides
Lower mining costs bucking inflationary pressures largely offset lower average silver prices, keeping sector unit profits strong. That enabled the silver miners to fundamentally-outperform the gold miners in Q4’21, which is unusual.
The initial drilling program is expected to consist of approximately 3,000 meters of HQ diamond core drilling in six, 500-meter-deep holes. A follow-up drill program will be considered following receipt of the initial results.
Silver equivalent production is forecasted to total between 6.7 million and 7.6 million oz at an 80:1 silver:gold ratio.
Continues to Extend Oxide Mineralisation Beyond the Pit Margin in Northeast Zone.
AISC during the Life-of-Mine of $11.97/oz AgEq. Initial Capital Expenditure of $255.0 million, with payback period of 2.6 years. In first 5 years of 8.0 Moz Ag and 44.3 koz Au, (11.4 Moz AgEq) ...
The acquisition of Pitarrilla, one of the world’s largest undeveloped silver projects, accelerates our vision to become a premier senior silver producer.
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