Iberian Minerals Publishes Preliminary Q3 2011 Production Results

Iberian Minerals Corp. (TSXV:IZN) reported preliminary production results for the three and nine months ended September 30, 2011.

As quoted in the press release:

Q3 comments for Aguas Tenidas operation:

• Contained copper metal production was in line with budget.

• The copper ore circuit copper recovery was 86% versus budget of 83%.

• The zinc recovery rate for the polymetallic circuit was 66% (target of 66%).

• Ores processed (combined copper and polymetallic) were 5,635 tpd. Ore throughput in Q3 was impacted by the rolling strikes in August and September with a loss of 4 days of production. Despite lower ore throughput the metallurgical performance of the poly-metallic circuit was improved as a better grinding of the ore was achieved. This resulted in metal production within budgeted parameters.

Iberian Minerals’ President and CEO, Mr. Daniel Vanin stated:

“Overall both mining operations continue to deliver in line with 2011 targets. At Aguas Tenidas the labour interruptions that occurred during Q3 were recovered by the operation and we continue to maintain expected metal production guidance for 2011. Condestable’s throughput rate in Q3 increased as the plant expansion was put into operation.”

Click here to read the Iberian Minerals Corp. (TSXV:IZN) press release