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CORRECTION FROM SOURCE: Andean Precious Metals Announces Commissioning of the Fines Disposal Facility at San Bartolome Mine and Changes to Management Team
A correction from source has been issued for the Andean Precious Metals news release that was dis...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"\nCORRECTION FROM SOURCE: Andean Precious Metals Announces Commissioning of the Fines Disposal Facility at San Bartolome Mine and Changes to Management TeamA correction from source has been issued for the Andean Precious Metals news release that was disseminated on July 31, 2024 at 7:00am ET. The previously stated amount of inferred mineral resources was incorrect. The accurate figure is 0.092 million tonnes, not 0.92 million tonnes. The complete and corrected release follows:Toronto, Ontario--(Newsfile Corp. - August 1, 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 0.092 million tonnes of inferred mineral resource grading 52 g/t of silver. Initial silver grades during startup will be 25 g/t, increasing in deeper areas as production progresses. The maiden ...