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Amerigo Resources Announces Filing of NI 43-101 Technical Report
VANCOUVER, British Columbia, March 29, 2019 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG, "Amerigo" or the "Company") is pleased to announce that it has
About this update from Amerigo Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, March 29, 2019 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG, \"Amerigo\" or the \"Company\") is pleased to announce that it has filed a technical report (the “Report”) prepared for Minera Valle Central, S.A. (“MVC”), Amerigo’s Chilean subsidiary. Robert D. Henderson, P. Eng, President and CEO of Amerigo, is the author of the Report and is responsible for the technical comments related to the resource estimate and its parameters. Mr. Henderson is a \"qualified person\" for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and has verified the data disclosed in this release. He has also prepared the information that forms the basis for the disclosure in this release, and he has approved the disclosure in this release. In 2018, MVC produced a record of 65 million pounds of copper. MVC's plant is located approximately 90 kilometres south of Santiago, Chile and has been in operation since 1992. MVC processes tailings from the current production of the El Teniente mine (“Fresh Tailings”) and tailings from the historic Cauquenes tailings deposit. El Teniente is the world’s largest underground copper mine and has been in production since 1904. MVC’s total inferred mineral resource estimate for the Fresh, Cauquenes and Colihues Tailings and after application of mining and mill recovery losses, is 1,223 million tonnes at a grade of 0.152% Cu and 0.011% Mo with 1,389 million pounds of recoverable copper and 37 million pounds of recoverable molybdenum, as set out in the following tables: MVC Copper Inferred Mineral Resource Estimate – Dec 31, 2018 Tailings Deposit Tonnes Grade Mill Recoverable Recovery Copper (t) (%Cu) (%) (M lbs) Colihues 98,017,000 0.230 37 184 Cauquenes 270,062,000 0.257 49 749 Fresh 855,625,000 0.110 22 456 Total 1,223,704,000 0.152 34 1,389 MVC Molybdenum Inferred Mineral Resource Es...