Business
Guanajuato Silver Provides Operations Update
VANCOUVER, BC / ACCESSWIRE / August 27, 2024 / Guanajuato Silver Company Ltd. (the " Company " o...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Provides Operations UpdateVANCOUVER, BC / ACCESSWIRE / August 27, 2024 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide an operations update for several projects at or near the Company's wholly owned mines, including the Topia Mine (\"Topia\") in Durango, Mexico, the San Ignacio Mine (\"San Ignacio\") in Guanajuato, Mexico, and the El Horcon Mine project (\"Horcon\") in Jalisco, Mexico.James Anderson, Chairman and CEO, said, \"As our consolidation of the Guanajuato Mining Camp continues in step with the ongoing upgrading at our four producing precious metals mines, we would like to provide our investors with an update on the latest initiatives we are implementing as we continue our rapid path of growing Guanajuato Silver into a mid-tier silver producer.\"At the Topia Mine in Durango, the commissioning of a new filter system for silver-gold-lead concentrates has been successfully completed. This new filter system is one of two that will be installed at the mine site; the second concentrator will be for silver-zinc concentrate production. Topia produces concentrates containing silver, gold, lead and zinc through a processing facility that comprises a 260-tonnes-per-day flotation plant; the new concentrate filters will contribute to helping the plant achieve, and potentially exceed, full production capacity, as well as potentially producing higher grade concentrates.James Anderson commented, \"We anticipate that when both filters are activated, the result will be a 2% additional increase in both base and precious metal recoveries derived from minimizing wastage due to a lack of filtering capacity. The Company anticipates a rapid pay-back period of this project's roughly US$500,000 expenditure.\"Image 1: New Lead Filter Press at Topia At the San Ignacio Mine, located approximately 20km from the Company's Cata Processing facility, a new ore sorter, which arrived on site in July, is rapidly approaching the commissioning phase. The NUCTECH MC2000NF Intelligent Mineral Sorting System provides high-tech sorting accuracy, large processing capacity, environmental friendliness, and high reliability through a system that utilizes X-ray and structured light imaging technology to intelligently identify and then separate high-grade silver and gold material. The or...