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Dia Bras Exploration Inc. reported that development of El Gallo and La Narizona deposits at its 100% owned Bolivar Property in Chihuahua, Mexico, continues to advance and that the deposits will begin shipping mineralized rock to the new Piedras Verdes Mill in June.
Rock from these deposits has been shipped to the Company’s Malpaso Mill since January as development of the deposits advances. During January through April, development rock from La Narizona and El Gallo has been shipped to the Company’s Malpaso Mill for metallurgical testing together with rock from the Alta Ley area of the Bolivar mine. La Narizona has shipped 9,755 tonnes of rock averaging 1.02% Cu, 13.0% Zn and 35.8 g/t Ag. El Gallo has shipped 10,078 tonnes averaging 1.49% Cu, 2.89% Zn and 51.4 g/t Ag. During operation of the new mill, rock from La Narizona, El Gallo, Increíble and Alta Ley mines will be blended to provide the mill feed. Moreover, development work at El Gallo has exposed high grades of copper mineralization in areas that had not been known to be mineralized, due to the spacing of the drill holes in the deposit, thereby expanding the potentially-mineable portions of the deposit. “Development of these deposits, as well as the Increíble deposit, is on schedule to send rock to our new Piedras Verdes Mill,” stated Daniel Tellechea, President and CEO. “Operation of our new mill will dramatically reduce our transportation costs, by about 95%, and also reduce our production costs because our mill capacity will increase from 300 tpd at Malpaso to 1,000 tpd at Piedras Verdes by the end of 2011. These factors will result in a significant improvement in the Company’s cash flow.” More information, click here. |
