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Andean Precious Metals Files NI 43-101 Technical Report for Golden Queen Mining's Soledad Mountain Operation
(All amounts are in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - J...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Files NI 43-101 Technical Report for Golden Queen Mining's Soledad Mountain Operation(All amounts are in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - January 31, 2024) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") is pleased to announce updated mineral reserve and mineral resource estimates (\"MR&RE\") for its wholly owned subsidiary, Golden Queen Mining LLC, which operates the Soledad Mountain mine and heap leach operation in Kern County, Southern California.The MR&RE and Feasibility Study Update Technical Report on the Soledad Mountain Heap Leach Project, dated January 12, 2024 (the \"Technical Report\"), were prepared by Kappes, Cassiday & Associates (\"KCA\"), Independent Mining Consultants Inc. (\"IMC\"), RESPEC Company LLC (\"RESPEC\") and George Klemmick (AIPG Certified Professional Geologist, Consulting Geologist). The Technical Report was prepared in compliance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects (\"NI 43-101\") and has been filed on SEDAR+.\"We are pleased that the mineral reserve and resource estimates for Soledad Mountain fully met our base case expectations,\" stated Alberto Morales, Executive Chairman and Chief Executive Officer of Andean. \"With an updated mineral reserve and resource in hand, our team is focused on enhancing and growing the recently acquired Soledad Mountain mine. We are now identifying near-term and sustainable opportunities to optimize mine operations and production to improve margins, cash flow and costs per ounce. We are also defining and prioritizing exploration targets to help realize the potential upside at Soledad Mountain and add to the operation's life of mine.\"\"We see many opportunities at Soledad Mountain and look forward to realizing the project's potential to be a growth catalyst in the US, one of the world's leading mining jurisdictions.\" Soledad Mountain MR&RE Highlights Gold (\"Au\")- M&I resources of 41.8 M tonnes grading 0.62 grams per tonne (\"g/t\") Au for a total of 822,000 contained oz- P&P reserves of 21.0 M tonnes grading 0.72 g/t Au for a total of 484,675 contained oz- Inferred resources of 3.6 M tonnes grading 0.45 g/t for a total of 53,000 contained ozSilver (\"Ag\")- M&I resources of 41.8 M tonne...