Aftermath Silver Ltd (CVE:AAG) (OTCQB:AAGFF) has filed its NI 43 101 technical report carried out by AMC Mining consultants and Ausenco on the Berenguela silver-copper project, for which Aftermath struck a binding letter of intent (LOI) with SSR Mining to buy in July last year.
The document presents, among others, the details of land tenure, a summary of historic exploration work, and an analysis of Berenguela’s drill hole database.
It does not outline a resource estimate or an economic study for the project in Peru – an epithermal polymetallic carbonate-replacement deposit with a total land package of 6,594 hectares.
“The Berenguela Technical Report provides a detailed review of the available data on Berenguela. Key preliminary work will start soon, including trade-off studies on process options,” said Ralph Rushton, the CEO of Aftermath.
“Planning for metallurgical test work, using available samples stored in Perth, Australia and drill program design and permitting will now commence.”
Aftermath also clarified that the historic scoping study for Berenguela undertaken by the previous operator, which was disclosed in last July’s news release “should not be relied upon” as a qualified person has not classified the historical estimate as current mineral resources or mineral reserves.
“The company is not treating the scoping study as current mineral resources or mineral reserves and hereby retracts the scoping study disclosure in the July News Release,” it said in the statement on Thursday.
Aftermath Silver currently owns 80% of the Cachinal silver-gold project, with an option to acquire the remaining 20% from SSR Mining. In addition, the exploration company has an option to acquire a 100% interest in the Challacollo silver-gold project near Iquique, in Chile.
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Story by ProactiveInvestors
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