ARTICLE

“San Juan: third metal project in the Province is inaugurated”, published in “Inversor Energético & Minero – Daily Newsletter” (City of Buenos Aires) on 05/30/2011

May 1, 2011
“San Juan: third metal project in the Province is inaugurated”, published in “Inversor Energético & Minero – Daily Newsletter” (City of Buenos Aires) on 05/30/2011

“Casposo expects its commercial production for the first trimester of 2011 to reach 70,000 tons of mineral, of a grade higher than 9 grams per ton of equivalent gold”, according to data obtained from sources related to the company. Regarding the mine, it should be noted that it is a vetiform mine, and it will be the first to produce silver ingots, besides metal doré. The investment of the project is calculated at 45 million dollars. The useful life of the mine is estimated in seven years, and has an estimate gold reservoir of over 400 thousand gold ounces.