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Denarius Metals Announces Positive PEA Results For Its 100%-owned Zancudo Project In Colombia
TORONTO, March 30, 2026 /CNW/ - Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the results of a Prelimin
About this update from Denarius Metals Corp.
[{"type":"text","content":" TORONTO, March 30, 2026 /CNW/ - Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today the results of a Preliminary Economic Assessment (\"PEA\") for its 100%-owned Zancudo Project, which includes the historic producing underground Independencia Mine, located in the Municipality of Titiribi, Department of Antioquia, Republic of Colombia, approximately 30km southwest of Medellin. The PEA was prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (\"CIM\") Definition Standards incorporated by reference in National Instrument 43-101 (\"NI 43-101\") with an effective date of March 19, 2026. All figures contained herein are expressed in United States dollars (\"USD\"), except as otherwise stated. Serafino Iacono, Executive Chairman of Denarius Metals, commented, \"The updated PEA reaffirms the positive economic results from our underground mining operation at our Zancudo Project, generating production and cash flow from a long-life asset yielding attractive returns for our shareholders in a robust precious metals market. We are already in production at Zancudo and our plant construction and mine development activities are proceeding on schedule. The updated PEA, based on the Mineral Resource estimate (\"MRE\") announced by the Company on November 3, 2025, envisions an 11-year mine life over which the Company expects to generate revenue of approximately $2.0 billion and pre-tax gross profit of approximately $723 million from the sale of approximately 466,000 payable ounces of gold and 2.2 million payable ounces of silver at a life-of-mine (\"LOM\") average all-in sustaining cost (\"AISC\") of $2,482 per ounce of gold. The Zancudo deposit remains open for further expansion in all directions and we are commencing the next 15,000 meters drilling program in early April\". Highlights of the Zancudo Project PEA The Zancudo Project PEA is based on an updated MRE, with an effective date of October 31, 2025 comprising 1.0 million tonnes grading 6.9 g/t gold and 84 g/t silver totaling 217,000 ounces of gold and 2.7 million ounces of silver in the Indicated Resources category and 4.6 million tonnes grading 5.6 g/t gold and 84 g/t silver totaling 832,000 ounces of gold and 12.5 million ounces of silver in the Inferred Resources category. Over the...