It's been a while since we met in Vancouver talking about Wellgreen.
I am pleased to report solid progress from Bolivia where I spent much time at Pulacayo, an absolutely fascinating silver zinc lead project.
Bolivia has turned the corner in favor of foreign investment. I have met mining minister 3 times in November, he is coming to PDAC and will assist us in anyway to move Pulacayo to production.
Project Highlights:
full permitted, excellent infrastructure, water, power, road, rail, town.
open pit and underground areas with 100,000 meters of drilling and confirmed 104million oz ( or 204 million oz AgEq)
starting 200 tonne per day (6,000 tonnes per month) Paca open pit operation, mining 500 g/t Ag on surface some areas measure 1,000g/t.
rock is worth $300/t, margin $80/t before tax, $50/t after tax at $17 silver, this means $480,000 cash flow per month before tax, $300,000 per month cashflow after tax.
off take secured with reputable trader
mining plans march 1, with first concentrate shipment April 1, pictures of the 500g intercept is at link below
We are similar to Excellon, except we are mining high grade open pit, minimized capex to US$2 to $3 million. equipment rental, toll milling (dedicated facility), Initial fund raise is small but can grow as we size up production.
A strategic has spent 10 days in Bolivia with 30sec clips from Paca and Pulacayo at links below
We welcome your comments and feedback regarding potential financing interest from your group,