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Kuya Silver to Commence Trading Today on the CSE Under the Symbol "KUYA"
Kuya now funded to close acquisition of mine, ramp up development of expansion project and exploration drilling Appoints Quinton Hennigh as Chair of the Board T
About this update from Kuya Silver Corporation
[{"type":"text","content":" Kuya now funded to close acquisition of mine, ramp up development of expansion project and exploration drilling Appoints Quinton Hennigh as Chair of the Board Toronto, Ontario--(Newsfile Corp. - October 7, 2020) - Kuya Silver Corporation (CSE: KUYA) (\"Kuya\" or the \"Company\") is pleased to announce that the common shares of the Company will commence trading today on the Canadian Securities Exchange (\"CSE\") under the symbol \"KUYA\". The Company's main objective is to implement a growth strategy at the Bethania Silver mining project (\"Bethania Project\") located in Central Peru, with a focus on two main areas: growth in production and growth in silver resources. This includes restarting production from the mine after expanding throughput and the construction of a new flotation plant at site with the associated infrastructure. In the short term, the Company will focus on closing the acquisition of an 80% interest in the mine and subsequently ramp up field activities at the Bethania Project site required to advance development. Kuya Provides Operational Update of Bethania Project Following the approval of the semi detailed EIA (previously announced on August 25, 2020) for the Bethania process plant, Kuya has been moving ahead with detailed engineering of the tailings storage facility and process plant optimization. Kuya plans to include a metallurgical test work program as part of this optimization process. The Kuya team is preparing to commence exploration activities over the next few weeks, which will include improving our geological database of the mine area on surface as well as the first-ever diamond drill program at the Bethania Project. The goal of the drill program will be to improve confidence of the historical resources, to assist in planning mine production and increasing our knowledge of the geotechnical behaviour of the underground mine. In addition, Kuya has engaged consultants to complete a 43-101 compliant resource estimate upon conclusion of the drill program and subsequent analysis of the results. David Stein, Kuya's President and CEO stated, \"We are very excited to close the acquisition and be able to launch the first-ever drill program at the Bethania Project. Even though we have a lot of relatively recent assay and production data from the mine, which suspended production in 2016, we believe the p...