Americas Silver Corporation Provides an Update on the San Rafael Project
September 11 2017 - 4:00PM
Business Wire
Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS)
(“Americas Silver” or the “Company”) is pleased to provide an
update on its 100% owned San Rafael Development Project, part of
the Cosalá Operations in Sinaloa, Mexico.
Based on the April 2016 San Rafael Technical Report (the”
Report”), the Company targeted initial production to be sourced
from the southern lobe of the Main Zone while development of the
primary ramp continued toward the larger and more massive part of
the deposit further to the north. Development towards this southern
lobe began in January 2017 and ore is now being mined from two
development headings in this area with two levels being prepared
for production. Ore from three additional headings will be added to
the existing surface stockpile within the next week.
The primary ramp which will provide long term access to the bulk
of the deposit is progressing well. Approximately 480 meters of
additional development is required before the main drive reaches
the bottom level of the Main Zone. The schedule calls for this work
to be completed over the next seven to nine months.
The Report also called for process plant modifications to
provide additional flotation and concentrate regrind capacity. All
mill equipment is now on-site and installed. The new flotation tank
cells have been tested and existing equipment has been reconfigured
as required. The concentrate regrind mills will be tested under
load in approximately one week. Initial concentrate production from
San Rafael will take place before the end of September 2017.
The Company expects San Rafael to be the sole source for mill
feed by mid-November 2017. The mill is currently processing the
remainder of the El Cajón stockpiles through approximately the end
of September, followed by San Rafael pre-production material and
Nuestra Señora stockpiles until the new mine ramps up to its
commercial production rate. Additional material from Nuestra Señora
is available to supplement mill feed, if required.
“I am very pleased that we have dealt with the challenges of
delivering a new mine on schedule and on budget,” said Darren
Blasutti, President & CEO. “San Rafael material will be
processed at our newly modified mill before the end of the third
quarter with commercial production expected to be achieved before
year end.”
About Americas Silver Corporation
Americas Silver is a silver mining company focused on growth in
precious metals from its existing asset base and execution of
targeted accretive acquisitions. It owns and operates the Cosalá
Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho,
USA. The Company has acquired an option on the San Felipe
development project in Sonora, Mexico.
Daren Dell, Chief Operating Officer and a Qualified Person under
Canadian Securities Administrators guidelines, has approved the
applicable contents of this news release. For further information
please see SEDAR or www.americassilvercorp.com.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward‐looking information” within
the meaning of applicable securities laws. Forward‐looking
information includes, but is not limited to, the Company’s
expectations intentions, plans, assumptions and beliefs with
respect to, among other things, the realization of exploration,
operational and development plans (including the successful
completion of the San Rafael Project), the Cosalá Operations and
Galena Complex as well as the Company’s financing efforts. Often,
but not always, forward‐looking information can be identified by
forward‐looking words such as “anticipate”, “believe”, “expect”,
“goal”, “plan”, “intend”, “estimate”, “may”, “assume” and “will” or
similar words suggesting future outcomes, or other expectations,
beliefs, plans, objectives, assumptions, intentions, or statements
about future events or performance. Forward‐looking information is
based on the opinions and estimates of the Company as of the date
such information is provided and is subject to known and unknown
risks, uncertainties, and other factors that may cause the actual
results, level of activity, performance, or achievements of the
Company to be materially different from those expressed or implied
by such forward looking information. This includes the ability to
develop and operate the Cosalá and Galena properties, risks
associated with the mining industry such as economic factors
(including future commodity prices, currency fluctuations and
energy prices), ground conditions and factors other factors
limiting mine access, failure of plant, equipment, processes and
transportation services to operate as anticipated, environmental
risks, government regulation, actual results of current exploration
and production activities, possible variations in ore grade or
recovery rates, permitting timelines, capital expenditures,
reclamation activities, social and political developments and other
risks of the mining industry. Although the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated, or intended. Readers are cautioned
not to place undue reliance on such information. By its nature,
forward-looking information involves numerous assumptions, inherent
risks and uncertainties, both general and specific that contribute
to the possibility that the predictions, forecasts, and projections
of various future events will not occur. The Company undertakes no
obligation to update publicly or otherwise revise any
forward-looking information whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170911006153/en/
Americas Silver CorporationDarren Blasutti,
416‐848‐9503President & CEO
Americas Gold and Silver (TSX:USA)
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