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Increase in Mineral Resources at Masa Valverde
Increase in Mineral Resources at Masa Valverde.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \n \n \n RNS Number : 2083H\n Atalaya Mining PLC\n 05 April 2022\n \n \n \n \n A version of this announcement containing all referenced figures can be found on \n \n \n \n the Company's website at \n \n \n www.atalayamining.com\n \n \n (the \"Website Announcement\").\n \n \n \n \n \n \n 5 April 2022\n \n \n Atalaya Mining Plc.\n \n \n (\"Atalaya\" or \"the Company\")\n \n \n Atalaya Announces Significant Increase in Mineral Resources at Proyecto Masa Valverde\n \n Mineral Resource Estimate to support planned economic study on its potential development\n as a satellite deposit that could deliver higher grade material to Proyecto Riotinto\n \n Atalaya Mining Plc (AIM: ATYM, TSX: AYM) is pleased to announce a new Mineral Resource Estimate, prepared in accordance with CIM guidelines and disclosure requirements of NI 43-101, for its 100% owned Proyecto Masa Valverde (\"PMV\"). PMV is located in the Iberian Pyrite Belt of southern Spain approximately 28 km to the south of Atalaya's 15 Mtpa processing plant at Proyecto Riotinto. PMV consists of two deposits, Masa Valverde and Majadales, which are 1 km apart. Majadales was initially discovered by Atalaya's exploration team in 2019.\n Highlights\n \n · Significant increase in tonnage and contained copper, silver and gold vs. prior estimate\n ‒ Increases of 42%, 33%, 26% and 34%, respectively at the Masa Valverde deposit.\n \n · Masa Valverde Initial Indicated Mineral Resource:\n ‒ 16.9 Mt at 0.66% Cu, 1.55% Zn, 0.65% Pb, 27 g/t Ag and 0.55 g/t Au (1.51% CuEq)\n ‒ Containing an estimated 112 kt Cu, 262 kt Zn, 110 kt Pb, 14.7 Moz Ag, 0.3 Moz Au\n \n · Masa Valverde Inferred Mineral Resource:\n ‒ 73.4 Mt at 0.61% Cu, 1.24% Zn, 0.61% Pb, 30 g/t Ag and 0.62 g/t Au (1.37% CuEq)\n ‒ Containing an estimated 448 kt Cu, 911 kt Zn, 448 kt Pb, 70.8 Moz Ag, 1.5 Moz Au\n \n · Two copper-rich zones (10.2 Mt Indicated and 48.1 Mt Inferred) could deliver higher grade material for processing at the existing Proyecto Riotinto plant with minimal modifications\n \n · Majadales Initial Inferred Mineral Resource:\n ‒ 3.1 Mt at 0.94% Cu, 3.08% Zn, 1.43% Pb, 54 g/t Ag and 0.32 g/t Au (2.55% CuEq)\n \n · A Preliminary Economic Assessment (\"PEA\") on PMV is expected to be completed in H2 2022, with a focus on scenarios that would leverage the existing plant at Proyecto Riotinto and acce...