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Virgin Metals (TSXV:VGM) announced updates for their Los Verdes Project. The Company will also release a new Preliminary Economic Assessment in January 2012.
As quoted in the press release:
On January 10, 2012, the Company will release a new Preliminary Economic Assessment for Los Verdes incorporating:
The new Los Verdes resource estimate;
Historic Potreritos resource estimates;
Updated commodity prices;
Recently finalized metallurgical analysis;
Newly developed capital expenditures based on a detailed metallurgical simulation and plant engineering design; and
A sensitivity analysis demonstrating the potential impact of the Potreritos acquisition as well as other identified economic opportunities.
Virgin Metals, President and CEO, Chris Frostad, said:
The material economic improvement resulting from our recent acquisition of the Potreritos project requires an adjustment to our schedule in order to accommodate its additional resources into the pre-feasibility study
Click here to read the Virgin Metals (TSXV:VGM) press release
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