Guy Goulet, CEO of CDPR, commented, "These initial drill results from our 2022 drill program are well above current mining grades and highlight the potential for additional high-grade zinc mineralization on our Santander property. Part of our theory when we acquired Santander was that the lack of exploration over many years created a major opportunity for significant expansion of resources and grades at the mine, and results like these continue to give us confidence."
The drill programs are aimed at increasing resources and reserves at the existing Magistral deposit, testing targets north and south of the known Magistral orebodies, and testing new areas at Blanquita, Santander Pipe North and the Puajanca deposit. 20,020 m (53 drill holes) and an additional 10,730 m (81 drill holes) of infill drilling for underground resources. The resource infill drilling program consists of 3,070 m at Magistral North, 3,990 m at Magistral Central and 3,670 m at Magistral South where drilling is currently underway.
As reported yesterday, the Santander Mine produced a total of 7,771,756 pounds of payable zinc equivalent (ZnEq) in the first quarter of 2022. Of this total, 7,210,518 pounds of payable zinc, 294,790 pounds of payable lead and 24,944 ounces of payable silver were produced.
Disclaimer: The contents of www.goldinvest.de and all other used information platforms of the GOLDINVEST Consulting GmbH serve exclusively the information of the readers and do not represent any kind of call to action. Neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice, but rather represent advertising / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities involves high risks, which can lead to the total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here. Please also note our terms of use.
According to §34 WpHG we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH may hold or hold shares of the mentioned companies and therefore a conflict of interest may exist. Furthermore, we cannot exclude that other stock exchange letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, between the mentioned companies and GOLDINVEST Consulting GmbH directly or indirectly a consulting or other service contract may exist, which may also cause a conflict of interest.
Weitere Nachrichten
