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Aftermath Silver Ltd.: Aftermath Silver Announces Mineral Resource Estimate for Challacollo Silver-Gold Project, Chile


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 ....

United States , United Kingdom , British Columbia , Brendan Mulvihill , Mort Shannon , Dinara Nussipakynova , Peter Voulgaris , Sergio Alvarado Casas , Ralph Rushton , Gr Engineering Services , Company Or Aftermath Silver , Canadian National Instrument , British Columbia Newsfile Corp , Aftermath Silver Ltd , Exchange Commission , Department Of Puno , Chilean Mining Commission No , Petroleum Definition Standards , Venture Exchange , Mining Consultants Canada Ltd , Canadian Institute Of Mining , Inferred Resources , Conceptual Pit , Mineral Resource , Mineral Resource Estimate , Challacollo Silver Gold Project ,

Financial News Media | Aftermath Silver Announces Mineral Resource Estimate for Challacollo Silver-Gold Project, Chile


 
 
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. ....

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