Results of the 36,000 metre drill program extend mineralization at the known gold-copper mineralization on the Gran Bestia deposit, within the pit identified in the Preliminary Economic Assessment (PEA), but in areas previously characterized as waste.
Analysts at Haywood Research said the find is likely to lead to an increase in contained ounces and effective lowering of the life of the mine strip ratio.
They also noted that the definition of high-grade shallow gold-copper mineralization at Gran Bestia that could bring ounces forward in the pre-feasibility (PFS) mine plan vs the PEA.
“The main results from the company’s latest drilling confirm presence of thick Au-Cu mineralization from surface in the southwest margin of the Cangrejos deposit, which shows potential for lateral expansion of the system locally,” the researchers wrote.
In-depth analysis of the latest drilling results supports the thesis for the ultimate…
