Tahoe to File Amended Technical Report for Escobal Project

Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced that due to the British Columbia Securities Commission’s comments on its May 7, 2012 preliminary economic assessment (PEA), today the company will file an amended technical report for its Guatemala-based Escobal project. The economic aspects of the PEA remain the same.

According to the press release, the changes in the amended PEA are as follows:

• The certificates of qualified persons have been amended to ensure that at least one qualified person is responsible for each section of the Amended PEA,
  
• Section 3 of the PEA entitled “Reliance on Other Experts” includes a disclaimer of responsibility for information derived from a previously filed technical report on the Escobal Project entitled “Escobal Project Guatemala NI 43-101 Technical Report” dated 30 April 2010. While National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) permits use of the information from such previous report, it does not permit the authors of the PEA to disclaim responsibility for such information. This disclaimer has been removed from the Amended PEA,
• The Amended PEA includes revised disclosure relating to project infrastructure and market studies and contracts, as required by NI 43-101,
• The Amended PEA includes cautionary language stating that mineral resources that are not mineral reserves do not have demonstrated economic viability,
• The PEA included diluted resource estimates used in establishing the economic model that do not comply with NI 43-101. These estimates do not constitute an initial reserve estimate, have been removed from the Amended PEA, and should not be relied upon,
• The PEA included statements relating to economic viability, production and the nature of the PEA which are contrary to the cautionary language required by NI 43-101 and have been removed from the Amended PEA.

Click here to read the full Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) press release.