Business
Americas Gold and Silver Corporation Provides an Operations Update
TORONTO / Nov 04, 2021 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North Am
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"TORONTO / Nov 04, 2021 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, provides an operations update. The Cosalá Operations are operational with the San Rafael mine and Los Braceros mill ramping up with full production of approximately 1,800 tonnes per day expected within the next month. Concentrate shipments have resumed at the Cosalá Operations with a return to revenue and cash flow generation expected later in Q4-2021. The Galena Complex (60% USA/40% Eric Sprott) produced approximately 290,000 ounces of silver and 4.5 million pounds of lead for approximately 480,000 ounces of AgEq1 in Q3-2021, a 35% and 21% increase in silver production over the previous quarter and year, respectively. The Phase II drill program at the Galena Complex began in late August 2021. Initial focus is to extend the recently discovered Silver Vein at depth from an eastern drill station on the 5500 Level as well as definition drilling on the 4900 Level. Drill highlights include: 5500 Level: 55-222: 2,391 g/t silver and 2.2% copper (2,617 g/t silver equivalent [2]) over 2.2 m [3] and: 1,603 g/t silver and 1.6% copper (1,799 g/t silver equivalent) over 1.6 m 55-190: 1,707 g/t silver and 1.6% copper (1,873 g/t silver equivalent) over 1.5 m 55-193: 1,208 g/t silver and 1.4% copper (1,347 g/t silver equivalent) over 2.1 m incl: 3,290 g/t silver and 3.0% copper (3,600 g/t silver equivalent) over 0.6 m 4900 Level: 49-556: 997 g/t silver, 0.3% lead and 0.9% copper (1,099 g/t silver equivalent) over 1.1 m 49-566: 1,184 g/t silver, 2.3% lead and 0.8% copper (1,351 g/t silver equivalent) over 1.2 m 49-595: 508 g/t silver and 32.0% lead (1,663 g/t silver equivalent) over 0.9 m and: 333 g/t silver and 18.6% lead (1,005 g/t silver equivalent) over 6.6 m At Relief Canyon, the operation remains temporarily suspended as the metallurgical test work continues with some preliminary positive results. The most recent run-of-mine leach pad continues to leach gold and has recovered over 60% of gold placed on that pad to-date. Relief Canyon received approval for its Phase 2 Environmental Impact Study from the BLM. This milestone will allow for an expanded operation once mining resumes The Company continues to deliver gold ounces under the Sandstorm agreemen...