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Andean Precious Metals Announces Commissioning of the Fines Disposal Facility at San Bartolomé Mine and Changes to Management Team
Toronto, Ontario--(Newsfile Corp. - July 31, 2024) - Andean Precious Metals Corp. (TSXV: APM) (...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"\nAndean Precious Metals Announces Commissioning of the Fines Disposal Facility at San Bartolomé Mine and Changes to Management TeamToronto, Ontario--(Newsfile Corp. - July 31, 2024) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") is pleased to announce the commissioning of production from the Fines Disposal Facility (\"FDF\") at the San Bartolomé Silver Mine, in Potosí, Bolivia. This significant milestone enhances Andean's commitment to sustainable and efficient mining practices.The San Bartolomé mine started to process the FDF material in the amount of 11,000 tonnes during the month of May, and 8,000 tonnes during the month of June, using trucks and excavators. The new Fine Minerals Processing Plant was fully operational on July 18th and was finally commissioned on July 23rd, operating at 190 tonnes per hour with 35% pulp density. It is now currently operating at 1,300 tonnes per day, marking a key advancement in the processing of the FDF deposit. This will enable us to further upgrade the silver content through innovative screening and separation techniques in the future. With full commissioning, the Company now aims to ramp up the processing of our FDF material to up to 1,500 tonnes per day, which is expected to be accomplished during this third quarter. Once the plant is stabilized and operating consistently, there will be a potential to further increase the tonnage to up to 2,000 tonnes per day.Economic Potential:Explored primarily through barge-supported sonic drilling, the FDF contains an estimated 3.3 million tonnes of proven and probable mineral reserves grading 58 g/t of silver. The mineral reserves are contained within 3.8 million tonnes of measured and indicated mineral resources grading 56 g/t of silver. The FDF also contains 0.92 million tonnes of inferred mineral resource grading 52 g/t od silver. Initial silver grades during startup will be 25 g/t, increasing in deeper areas as production progresses. Average extractions are expected to range from 69.76% to 75.56%. The maiden mineral resources and reserves within the FDF were disclosed in a press release dated December 27, 2023 and in a subsequent NI 43-101 technical report on file at www.sedarplus.ca prepared by Giovanny Oriz and Fernando Rorigues of SRK Consulting (U.S.) Inc and Donald J. Birak, Inde...