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Andean Precious Metals Announces Mineral Resource Estimate for Its Dry-Stack Tailings Facilities
18.11 million tonnes of inferred mineral resources, grading 43.2 grams per tonne silver and 0....
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Announces Mineral Resource Estimate for Its Dry-Stack Tailings Facilities18.11 million tonnes of inferred mineral resources, grading 43.2 grams per tonne silver and 0.16% tinToronto, Ontario--(Newsfile Corp. - November 13, 2022) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") is pleased to announce the initial mineral resource estimate for the Company's dry-stack tailings facility (\"DSF\") and an update of metallurgical test results from its fines disposal facility (\"FDF\").Overview Samples from 48 DSF sonic drill holes returned very consistent assays averaging 42.7 grams per tonne silver (Ag) and tin (Sn) assays averaging 0.15% Sn.Combined with the current FDF mineral resource (effective December 2021), the two facilities contain 10 million tonnes of indicated resources and 19.6 million tonnes of inferred resources containing silver and tin. Both estimates were prepared by SRK Consulting (USA), Inc.FDF metallurgical test results indicate that the deposit is variable in mineralogy and particle sizing. Preliminary test work suggests that metallurgical recoveries for Sn of 40 - 50% could potentially lead to the production of low-grade tin concentrates. This is in line with early estimates by the Company.Initial test work is now underway for the DSF and, if positive, will allow Andean to evaluate the merits of a much larger combined FDF/DSF reprocessing project.Tin price has declined from $40,000 per tonne to $20,000 per tonne during 2022, which will be considered in the initial economic modelling for the project.President and CEO, Simon Griffiths, stated, \"Based on the new additional resource estimate for the DSF and the initial metallurgical test results for the FDF, the Company is considering expanding the scope of the expansion study incorporating both FDF and DSF. The average grades in the DSF are similar for silver, but higher for tin, to those within the FDF.\"Next StepsComplete follow-up test work for the FDF and the initial test work for the DSF.Assess the viability of building a larger stand-alone tin production circuit adjacent to the FDF and DSF facility.Subject to positive results with current test work, an internal scoping study will precede a decision to commence a preliminary economic assessment (\"PEA\").DSF Mineral ResourceTable 1: DSF Inferred Mi...