Mining Project
Taguas
General Information
- Investment Company: ORVANA MINERALS CORP
- Operating Company: Orvana Argentina S.A.
- Source of Capital: Canadá
- Address: 70 York Street, Suite 1710, Toronto, Ontario, Canada M5J 1S9
- Phone: (416)-369-1629
Project Details
– Location
Iglesia Department - San Juan Province
– Description
dvanced exploration Project, PEA NI 43-101 december 2021
– Minerals
Gold - Silver
– Stage
Advanced exploration
– Capital Cost
$141,000,000.00
– Mine Operation
Open Pit
– Processing
Heap leach - Merril Crowe
– Average Annual Production
Total during LOM: 430,000 oz of gold and 7.61 Moz of silver.
– Remaining Life
9 Years
– Resources & Reserves
- Total Resources (Indicated + Inferred): 1.675 Moz gold, 46.339 Moz silver & 312M pounds of copper.
Additional Comments
- Project situated in a highly prolific belt for world-class deposits. Advanced exploration property with an engineering program being developed. Excellent infrastructure, 25 Kms from Veladero mine.
- The mining method proposed for the Property in the PEA is conventional truck and shovel open pit mining. The proposed recovery process will be crushing of mineralized material at a rate of 15,000 tpd, stacking in 10 m lifts on a permanent heap leach and gold and silver recovery from the heap leach pregnant solution in a Merrill-Crowe recovery plant where gold and silver will be precipitated to produce doré gold bars.
- More than 63,000m of drilling carried out on the Property
- Orvana’s strategy in the Taguas project had been focused on the oxides portion of the property.
- December 2021 PEA refers only to the oxidized gold-silver mineralization occurring near surface in Cerro Taguas
- Repositioning strategy: The Company had been focused on the oxides portion of the property. Now potentially including sulphides resources, plus deep copper-gold porphyry opportunities