NYSEAM:SVLC - Post by User
Comment by
black364on Apr 12, 2011 6:06pm
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Post# 18421576
RE: RE: Good News, Bad Timing
RE: RE: Good News, Bad Timing
The below from the release actually looks pretty good to me. We are also waiting for further drill results from Santa Elena which should be released soon. I believe that Eric Fier mentioned about a month ago that more drilling at Cruz de Mayo would take place to prove up more resources.
- The Plan considers a conceptual 10 year mine life at an average annual rate of 1.6 million ounces of silver and 39,000 ounces of gold or 3.8 million ounces of silver equivalent. This would be a 52% increase of produced metal from current operations.
- A 2,500 tonnes per day processing facility is proposed with potential to increase to 3,500 tonnes per day. At the increased rate, the current annual metal production could potentially double to over 5.0 million ounces silver equivalent per year.