MACHACALA
Machacala Project Highlights
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Project offers near-term production potential from both tailings and underground
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This was a previously producing site with over 235,000 metric tons of ore mined:estimated average grades of 6.0g/t Au and 340g/t Ag
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Contains large un-leached tailings piled on site:
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Volume Est.: 210,000 Metric Tons
Grade Est.: 1. 34 g/T Au 56.36g/T Ag (average grade
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Mining Companies such as Barrick Gold, Rio Alto Mining, and Southern Peak Mining are operating in region
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Exploration drilling programs conducted from 1996 by Gold Hawk Resources, Meridian Gold, and Buenaventura. Drilling totaled over 8,500 m (27,887 ft) in 45 core and RC drill holes (Meridian Gold, Gold Hawk Resources)
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Metallurgical studies show:
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87% Au, 50% Ag recoveries in 24 hrs leaching on un-milled tailings
re-milling (-400 mesh) increasing recoveries to 90% Au, 73% Ag in 24 hrs leaching
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Mine has multiple low-sulphidation, epithermal Au-Ag veins on property, of which nineteen have been identified and only three have been modestly exploited
MINERAL RIGHTS:
966 hectares comprised of 18 contiguous mineral concessions
SURFACE RIGHTS:
150 hectares of surface rights where the estimated 210,000 metric tons of tailings are located.
WATER RIGHTS:
Water rights to the nearby Carabamba reservoir. Additional source of water supply exists if necessary.
