Inmet Mining Releases Resource Estimates for Cobre Las Cruces

Inmet Mining (TSX:IMN) announced resource estimates for its Cobre Las Cruces property in Spain.

As quoted in the press release:

At a 1.0% copper equivalent cut-off, the total additional inferred mineral resource is estimated to be 38 million tonnes at a copper equivalent grade of 2.76% containing an estimated 1.1 million tonnes on a copper equivalent basis, being 0.4 million tonnes of copper, 1.0 million tonnes of zinc, 0.5 million tonnes of lead and 33 million ounces of silver.

Inmet’s Vice President, Scott Herr, said:

We look forward to completing our scoping study of the primary sulphides deposit and evaluating the economics of different processing options. Our studies will target a throughput range of 2.5 to 4 million tonnes per year. If those studies demonstrate economic viability at such rates, this would translate into an expected additional 10 to 15 years of mine life.

To view the whole press release, click here.