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
Click here to see the Virgin Metals (TSXV:VGM) profile.
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| Commodities | |||
|---|---|---|---|
| Gold | 1838.90 | +7.89 | |
| Silver | 21.51 | +0.37 | |
| Copper | 3.77 | +0.02 | |
| Palladium | 1930.50 | +53.50 | |
| Platinum | 916.00 | +5.00 | |
| Oil | 107.47 | -0.15 | |
| Heating Oil | 4.22 | -0.03 | |
| Natural Gas | 6.08 | -0.14 | |