Pulacayo Project Feasibility Study - Apogee Silver
Pulacayo Project Feasibility Study - Apogee Silver
Pulacayo Project Feasibility Study - Apogee Silver
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<strong>Pulacayo</strong> 1 000 t/d Phase I <strong>Feasibility</strong> <strong>Study</strong> - NI 43-101 Technical Report<br />
090644-3-0000-20-IFI-100<br />
Table 9.1: Historic MICON Mineral Resource Estimate - Effective 28 October 2008<br />
Class Rounded Tons Ag g/t Pb % Zn %<br />
Inferred 9 ,556,000 75 0.61 1.46<br />
Indicated 7,003,000 53 0.63 1.42<br />
(1) Tonnages have been rounded to the nearest 1,000 tons. Average grades may not<br />
sum due to rounding.<br />
(2) Mineral resources, which are not mineral reserves, do not have demonstrated<br />
economic viability. The estimate of mineral resources may be materially affected by<br />
environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other<br />
relevant issues.<br />
(3) The quantity and grade of reported inferred resources in this estimation are<br />
conceptual in nature and there has been insufficient exploration to define these<br />
inferred resources as an indicated or measured mineral resource.<br />
(4) And it is uncertain if further exploration will result in upgrading them to an indicated<br />
or measured mineral resource category.<br />
(5) Metal prices for the estimate are $ 14.38 USD/oz Ag, $ 0.86 USD/lb Zn and<br />
$ 0.92 USD/lb Pb.<br />
(6) Grade capping of Ag at 1,800 g/t, Zn at 11.5% and Pb at 15% was applied.<br />
Table 9.2: Historic MICON Mineral Resource Estimate - Effective 14 October 2009<br />
Class Rounded Tons Ag g/t Pb % Zn %<br />
Inferred 6,026,000 98.26 0.78 1.68<br />
Indicated 4,892,000 79.96 0.79 1.64<br />
(1) Tonnages have been rounded to the nearest 1,000 tons. Average grades may not<br />
sum due to rounding.<br />
(2) Mineral resources, which are not mineral reserves, do not have demonstrated<br />
economic viability. The estimate of mineral resources may be materially affected by<br />
environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other<br />
relevant issues.<br />
(3) The quantity and grade of reported inferred resources in this estimation are<br />
conceptual in nature and there has been insufficient exploration to define these<br />
inferred resources as an indicated or measured mineral resource.<br />
(4) It is uncertain if further exploration will result in upgrading them to an indicated or<br />
measured mineral resource category.<br />
(5) Metal prices for the estimate are $ 13.81 USD/oz Ag, $ 0.86USD/lb Zn and<br />
$ 0.86 USD/lb Pb<br />
(6) Grade capping of Ag at 1,800 g/t, Zn at 11.5% and Pb at 15% was applied<br />
TWP Sudamérica S.A. Av. Encalada 1257 Of. 801, Santiago de Surco Lima 33, Perú (51-1) 4377473<br />
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