Location: Huancavelica, central Peru
District Size: +20,000-hectare land package
Main Economic Elements: Silver, Lead, Zinc
Inferred Resource: 14.9 MT at 162.65 g/T Ag, 2.54 % Pb/T and 2.50 % Zn/T, an increase of 104% from the previous Technical Report filed in 2021
Measured and Indicated Mineral Resource: 841,286 T at 118.5 g/T Ag, 2.85 % Pb/T and 2.16 % Zn/T
Mine Method: Underground
Stage: Production, development, exploration
Tangana Mining Unit: Cashflow positive mining unit. Underground mine development and resource expansion.
The majority of the established resource, 12 million tonnes across 7 veins, is situated in the Tangana Mining Unit (TMU). The TMU is currently the main source of material for the 720 tonnes per day Nueva Recuperada processing plant that is expanding production (see May 16, 2022 release). The TMU has significant underground infrastructure that facilitates easy development access and cost-effective infill drilling for further resource definition.
Plata Mining Unit (previously Esperanza): Web of high grade veins. Exploration and development of initial veins in 2022.
Red Silver Mining Unit (previously Maria Luz): High grade silver vein system. Currently in bulk sampling.
Ccasahuasi: Breccia-hosted disseminated gold target located adjacent to Tangana. Drilling planned for 2022.
Location: Ayacucho, central Peru
Size: 2,000 hectares
Main Economic Elements: Gold