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Candelaria

Location and History

Candelaria is located in west central Nevada, 90 kilometers (56 miles) southeast of Hawthorne. Critical infrastructure, power lines and water supply installed during previous operations are being maintained.

Geology and Metallurgy

The silver mineralization originally formed a continuous, tabular shaped zone with approximate dimensions of 6,100 meters along strike, 760 meters down-dip and thicknesses of one meter to over 30 meters within regional thrust faults. Later faulting disrupted the continuous zone into structural blocks hosting the current deposits. All of the measured and indicated resources and 40% of the inferred resource is in-situ material beneath the Diablo and Northern Belle pits, with 57% of inferred resources in the leach pads and 3% in low-grade stockpiles. Test work indicates a process of milling followed by flotation, roasting and leaching will yield a 75% recovery of silver.

Project Scope and Plans

We will investigate resource values in order to upgrade the categorization of the resource in the previously leached pads.

For details on the reserves and resources of the Candelaria Mine Project,view the current Resource Summary (16 kb pdf).