News Good
Silver Wheaton Luismin mines show record silver numbers
2006-03-06 07:44 ET - News Release
Mr. David Awram reports
SILVER WHEATON CORP.: RECORD SILVER RESERVE AND RESOURCE LEVELS ACHIEVED AT LUISMIN
Silver Wheaton Corp. has released record levels of silver reserves and resources at the Luismin mines in Mexico. At Dec. 31, 2005, the Luismin mines had proven and probable silver reserves of 45.4 million ounces, measured and indicated resources of 1.7 million ounces, and inferred resources of 188.4 million ounces, an increase of 13 per cent in reserves and 29 per cent in inferred resources compared with Dec. 31, 2004, after producing 7.7 million ounces during 2005.
Eduardo Luna, chairman of the company, said: "With large increases in both reserves and resources at the San Dimas mine, we have demonstrated that the projected silver production growth at Luismin, to 13 million ounces by 2009, should be sustainable for the foreseeable future."
LUISMIN
PROVEN
Dec. 31, Tonnes Grade Contained
2005 mt g Ag/t m oz
Silver
San Dimas 1.42 447 20.4
San Martin 0.31 47 0.5
Totals 20.9
PROBABLE
Dec. 31, Tonnes Grade Contained
2005 mt g Ag/t m oz
Silver
San Dimas 1.83 401 23.6
San Martin 0.58 46 0.9
Totals 24.5
PROVEN AND PROBABLE
Dec. 31, Tonnes Grade Contained
2005 mt g Ag/t mt
Silver
San Dimas 3.25 421 44.0
San Martin 0.90 47 1.3
Totals 45.4
LUISMIN
MEASURED
Dec. 31, Tonnes Grade Contained
2005 mt g Ag/t m oz
Silver
San Dimas - - -
San Martin 0.02 204 0.2
Totals 0.2
INDICATED
Dec. 31, Tonnes Grade Contained
2005 mt g Ag/t m oz
Silver
San Dimas - - -
San Martin 0.20 234 1.5
Totals 1.5
MEASURED AND INDICATED
Dec. 31, Tonnes Grade Contained
2005 mt g Ag/t mt
Silver
San Dimas - - -
San Martin 0.22 231 1.7
Totals 1.7
INFERRED RESOURCES
Dec. 31, Tonnes Grade Contained
2005 mt g Ag/t mt
Silver
San Dimas 17.27 321 178.1
San Martin 2.87 111 10.3
Totals 188.4
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