Silver X Mining – Reviewing The April Operations At The Tangana Mine And Unpacking The New Resource Estimate That Triples The Size Of The Nueva Recuperada Project
Jose Garcia, CEO and Director of Silver X Mining (TSX.V:AGX – OTCQB:AGXPF) joins us to review the April operations report and resource update at the Nueva Recuperada Project in the prolific Huancavelica silver belt, in central Peru. We start off by discussing the April operations updates at the Tangana Mine, where the company is continuing to ramp up into commercial production. 61,412 silver equivalent ounces were produced in April at an average processing plant head grade of 9.59 oz/T AgEq, as ramp up continues to an initial target of 150,000 silver equivalent ounces per month. There were revenues reported for April of USD $1,190,0000 with 161 tons of Silver/Lead/Gold concentrate and 120 tons of Zinc concentrates sold.
Next we transitioned over to the significant news out today of the filing of the NI 43-101 Technical Report and updated Resource Estimate at Its Recuperada Project, that essentially tripled the resources at the Tangana Project from 68 millounces silver equivalent to 187 million ounces silver equivalent. Inferred mineral resources were reported at 14.9 MT at 162.65 g/T Ag, 2.54 % Pb/T and 2.50 % Zn/T, an increase of 104% from those reported in the Amended and Restated Technical Report for the Recuperada Project filed on May 3, 2021. Measured and indicated mineral resources we reported at 841,286 T at 118.5 g/T Ag, 2.85 % Pb/T and 2.16 % Zn/T