Aftermath Silver Announces Mineral Resource Estimate for Challacollo Silver-Gold Project, Chile marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
Aftermath Silver Ltd.: Aftermath Silver Announces Mineral Resource Estimate for Challacollo Silver-Gold Project, Chile
84% of Indicated and Inferred Resources within Conceptual Pit Shell
Vancouver, British Columbia (Newsfile Corp. - December 15, 2020) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQB: AAGFF) (the Company or Aftermath Silver ) is pleased to provide the results of a CIM compliant Mineral Resource estimate for the Challacollo silver-gold project, in Region 1 of northern Chile, summarised in Table 1.
The Mineral Resource estimate used a conceptual open pit and underground optimised shapes to constrain the estimate.
Table 1. Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold Project
Classification
Notes on the Challacollo Mineral Resource Estimate
The effective date of the estimate is 30 November 2020.
The Qualified Person is Dinara Nussipakynova, P.Geo., of AMC Mining Consultants (Canada) Ltd.
Mineral Resources are constrained by an optimized pit shell at a long-term metal price of US$20/oz Ag with recovery of 92% Ag and metal price of US$1,400/oz Au with recovery of 75%.
Silver equivalency formula is AgEq (g/t) = Ag (g/t) + 57.065 Au (g/t).
The open pit mineral resources are based on a pit optimization using the following assumptions:
Plant feed mining costs of US$3.5/t and waste mining cost of $2.5/t.
Processing costs of US$17/t and General and Administration costs of $2.5/t.