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Kuya Silver Announces Letter of Intent to Accelerate Production at Bethania Project and Updates Ramp-Up Progress
Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleas
About this update from Kuya Silver Corporation
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the \"Company\" or \"Kuya Silver\") is pleased to announce a Letter of Intent (\"LOI\") with Novamera Inc. to deploy their patented Surgical MiningTM process from surface, which, if implemented, would provide additional production tonnage over and above the Company's conventional underground mining production at its flagship Bethania mine in Peru. Novamera's innovative technologies has been successfully deployed at projects spanning Canada to South America, focusing on both precious and energy transition metals. Kuya Silver sees this partnership as an opportunity to produce bonus tonnage, not previously expected in the conventional underground mine plan. In addition, Kuya Silver is pleased to provide an update on current silver mining activities at its flagship Bethania mine in Peru. Key Highlights: Kuya Silver and Novamera plan to implement their state-of-the-art and environmentally friendly Surgical MiningTM process to gain additional production tonnage from surface as quickly as possible in 2025. This additional bonus production, expected to be approximately 100 tonnes per day (\"tpd\") could allow for a faster ramp-up to the initial 350 tpd production target, and potentially accelerate a production expansion beyond 350 tpd. Novamera has agreed to arrange financing for the Surgical MiningTM Project (\"SM Project\") at no up-front cost to Kuya Silver. Bethania ramp-up continues: Previously unknown mineralized structure branching off the Española vein was uncovered during normal development activities has provided additional higher-than-average grade material to date. Surgical MiningTM Project Kuya Silver is pleased to partner with Novamera Inc. with the aim of implementing its patented Surgical MiningTM technique at the Bethania project. The Bethania resource area consists of a swarm of structurally controlled silver-polymetallic veins, many of which extend to surface. Novamera's mining solution is well suited to the geology at Bethania, drilling large diameter holes from surface targeting vein mineralization. The resulting broken rock recovered consists of mineralized material similar to what would be mined using conventional underground mining methods. The technology consists of data driven hardware and so...