Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cyprium Mining Corporation V.CUG.H

"Cyprium Mining Corp is a Canada-based company. It acquires, operates and develops past producing mines located in Mexico. It produces zinc and lead from ore purchased from local Mexican miners which are processed at a processing plant, in which the company has an exclusivity right, and derives all its sales from Mexico. The company also holds interests in mineral properties in Mexico and Canada that are not in commercial production and are currently at the exploration stage. The exploration pro


TSXV:CUG.H - Post by User

Bullboard Posts
Comment by STOCKRUSon Sep 24, 2016 3:23pm
109 Views
Post# 25273933

RE:RE:Has CUG.V ever considered an "OPEN PiT" MINE OPS?

RE:RE:Has CUG.V ever considered an "OPEN PiT" MINE OPS?I'm not sure of an open pit with Cyprium

Here's what the company announced in August about the strat of production.



Cyprium Mining announces start of production at the Potosi silver mine

Canada NewsWire

www.cypriummining.com
TSX-V: CUG and CUG.DB

MONTREAL, Aug. 16, 2016 /CNW Telbec/ - Cyprium Mining Corporation ("Cyprium" or the "Company") (TSX-V: CUG) is pleased to report that it has filed a technical report prepared in accordance with National Instrument 43-101 on thePotosi silver mine located in the historic mining district of Santa Eulalia, Mexico (the "Report"). The Report dated May 29, 2016 is titled "Geology and Exploration of the Potosi Mine, Municipality of Aquiles Serdan, Chihuahua state, Mexico" and was prepared P.C. Gibson, Ph. D., CPG of Chihuahua, Chihuahua, Mexico. The Report which does not contain a resource estimate, is available for review on both SEDAR (www.sedar.com) and the Company's website (www.cypriummining.com).

Mr. Alain Lambert, Chairman and CEO of Cyprium commented: "The Report focuses on the "Tunel" mineralized body at levels 1 to 4 of the mine which are accessible by the newly rehabilitated Potosi Shaft No. 3. The Report also contains valuable information on the historic Santa Eulalia mining district where the largest carbonate replacement deposit (CRD) in Mexico is located." Mr. Lambert added: "We believe that the larger Santo Domingo mineralized body located at level 9, 10 and 11 of the mine – also known as the Main Silicate Body – also has good exploitation potential. The evaluation and preparations for exploiting the Santo Domingo body as well as the preparation of a 43-101 resource calculation by the end of the year will now assume top priority."

Over the last three weeks the Company proceeded with the first phase of production which consisted in the extraction of broken mineralized material left in stopes on levels 1 and 2 of the mine by past mining activities. The Company is now awaiting to receive an explosives permit to begin blasting on level 2 and 4. The Company is also evaluating other areas for blasting on level 3 (1). The Company has drilled over 144 holes using jacklegs in anticipation of receiving the explosives permit.

All mineralized material extracted from the mine will be sent to the Aldama flotation plant located 42 kilometers from thePotosi mine. The Aldama plant has a capacity of one-hundred metric tons per day and the Company has the exclusive right to use it under an agreement which expires in May 2019. The lead and zinc concentrates produced at the plant will be shipped to Trafigura Mexico under the terms of a commercial agreement with Trafigura. The Company is responsible for the supervision of all metallurgic processes, including quantitative chemical analysis, assaying of samples, determining feed grades and the sale of concentrates.

Pictures and videos of production activities can be found at the following link:

https://www.icloud.com/sharedalbum/#B0m53qWtHvrxvL

The Santa Eulalia District

Santa Eulalia is a world class polymetallic mining district located in the central part of the State of Chihuahua, Mexico, approximately twenty-two kilometers east of the City of Chihuahua. Mineralization in the area was originally discovered during the Spanish colonial period in the 1500's, and recorded production has occurred over more than 300 years. Santa Eulalia ranks as one of Mexico's primary silver and base metal producing districts with over 500 million ounces of silver and substantial amounts of lead and zinc mined. The Santa Eulalia district is a Carbonate Replacement Deposit (CRD) and is the largest of its type known in Mexico. Production and reserves for the district have been estimated to be about 50 million metric tons (3) with grades of 125-350 g/t Ag, 2-8% Pb and 3-12% Zn (3) (4).

The Santa Eulalia district covers approximately forty-eight square kilometers and is divided into three areas, the West Camp, the Middle Camp and the East Camp. The Potosi silver mine is located in the West Camp, which has produced most of the district's ores with the Potosi silver mine being one of the two principal producers.

Based on the geology, past mining activity and the exploration work completed by the Company to date, the Company believes that the project warrants further exploration. Widely spaced sampling on levels 3-4 in the area of the Potosi #3 shaft (Tunel body) and levels 6 and 9-11 in the area of the Potosi #1 shaft (Santo Domingo or Main Silicate body) has shown that mineralized material of interesting grades is exposed along the margins old stopes and adjacent areas. Work is continuing to evaluate the potential for defining resources throughout the mine.

Geological Setting, Deposit Type and Mineralization

Mineralization in the Santa Eulalia district is characterized by massive limestone replacement sulfides, dominantly pyrrhotite, sphalerite, galena and pyrite that occur as horizontal mantos and steep chimneys. These sulfide bodies occur along laterally continuous discrete structural zones that mainly trend in a north-south orientation, with mineralization forming preferentially in certain stratigraphic units. Past mining reached to over 850 meters depth below the surface on 23 levels. Production in the West Camp diminished gradually through the late 80's, despite the discovery of new mineralization, and the camp has been largely dormant since 1991. Currently the only significant production is from the East Camp.

NEWS LINK
Bullboard Posts