Amerigo Seeks Production Expansion in Chile

Amerigo Resources Ltd. (TSX:ARG) announced that its subsidiary is negotiating an expansion of production from its Chile-based Colihues and Cauquenes tailings.

As quoted in the press release:

In anticipation of obtaining the rights to process these materials, which originate from the El Teniente mine owned by Corporación Nacional del Cobre de Chile (“Codelco”), MVC has started work on the design, engineering and environmental permitting for a three stage expansion that is expected to double MVC’s production capacity.

Amerigo’s President and CEO, Klaus Zeitler said:

Amerigo expects the molybdenum grades to be higher as Codelco extracted molybdenum from only a portion of the tailings deposited in Cauquenes.

Click here for the Amerigo Resources Ltd. (TSX:ARG) press release.