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Americas Gold and Silver Corporation Provides an Update on the Galena Complex and Relief Canyon Mine
TORONTO / Jan 06, 2021 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas”, “Americas Gold and Silver” or the “C
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"TORONTO / Jan 06, 2021 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas”, “Americas Gold and Silver” or the “Company”), a growing North American precious metals producer, is pleased to provide an update on the Galena Complex and the Relief Canyon mine. Highlights The Galena Complex had a strong finish to the year with Q4-2020 production of approximately 295,000 ounces of silver and 5.8 million pounds of lead (600,000 ounces AgEq1) compared with 160,000 ounces of silver and 2.6 million pounds of lead in Q4-2019 (296,500 AgEq), a year-over-year increase of over 100% on a AgEq basis. With the continued strong silver price, the Company is targeting to increase production at the Galena Complex to 1.8-2.0 million ounces of silver per year in 2022 by replacing the Galena hoist and increasing development on the 3700 and 4300 levels in 2021. The increase in production is based on the continued success of the Phase 1 drill program as part of the Galena Recapitalization plan, particularly from the 4300 Level targeting the upper extensions of the 360 Complex and more recent drilling from the 3400 Level. Key intercepts include: Hole 34-117 1,017 g/t silver and 1.0% copper (or 1,121 g/t AgEq) over 2.9 meters2 including 2,195 g/t silver and 3.1% copper (or 2,513 g/t AgEq) over 0.8 meters including 6,893 g/t silver and 3.0% copper (or 7,206 g/t AgEq) over 0.2 meters Hole 43-253 855 g/t silver, 0.7% copper and 0.4% lead (or 938 g/t AgEq) over 0.5 meters including 4,458 g/t silver, 3.5% copper and 1.8% lead (or 4,888 g/t AgEq) over 0.1 meters 413 g/t silver and 10.2 % lead (or 786 g/t AgEq) over 1.5 meters including 2,092 g/t silver and 43.4% lead (or 3,680 g/t AgEq) over 0.2 meters At Relief Canyon, commercial production is expected within the next two weeks, due to certain key personnel for the project being unable to remain onsite as a result of contracting COVID-19 and winter weather impacts. “The Galena Complex is demonstrating the positive impact of having a diversified portfolio of assets and commodities,” stated Americas Gold and Silver President & CEO Darren Blasutti. “While I am disappointed by the unexpected delay in declaring commercial production at Relief Canyon, the health and safety of our workers far outweighs pushing to declare commercial production. We are having a strong st...