Aftermath Silver's Berenguela Metallurgical Testwork Yields High Silver Recoveries
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has reported high silver recoveries from metallurgical testwork at its Berenguela Silver-Copper-Manganese project in Peru. The results show 95% and 89% silver recovery for two composites tested, with cyanide consumption less than 1 kg per oz of silver recovered. The company has also demonstrated the potential to produce battery-grade manganese sulphate.
The basic flowsheet involves acid leaching followed by a standard cyanide leach plant for silver extraction. Aftermath is advancing to the next phase of metallurgical testwork, including preliminary process and sizing studies for plant design.
Additionally, the company announced the exercise of 6,535,487 warrants, generating C$1,795,453 in cash proceeds. Aftermath also clarified a previous disclosure regarding stock option grants, stating that 5,275,000 stock options were granted, not 5,025,000 as originally reported.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) ha riportato elevati recuperi di argento dai test metallurgici condotti presso il suo progetto Berenguela di Argento-Rame-Manganese in Perù. I risultati mostrano un recupero dell'argento del 95% e dell'89% per due campioni testati, con consumo di cianuro inferiore a 1 kg per oncia di argento recuperato. L'azienda ha anche dimostrato il potenziale per produrre sulfato di manganese di grado batteria.
Il flusso di processo di base prevede leaching acido seguito da un impianto di leach standard a cianuro per l'estrazione dell'argento. Aftermath sta avanzando verso la fase successiva di test metallurgici, compresi studi preliminari sui processi e dimensionamenti per la progettazione dell'impianto.
Inoltre, l'azienda ha annunciato l'esercizio di 6.535.487 warrant, generando C$1.795.453 in proventi cash. Aftermath ha anche chiarito una precedente comunicazione riguardante l'assegnazione di opzioni su azioni, affermando che sono state concesse 5.275.000 opzioni su azioni, non 5.025.000 come riportato inizialmente.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) ha informado sobre altos recuperos de plata de los trabajos de prueba metalúrgica en su proyecto Berenguela de Plata-Cobre-Manganeso en Perú. Los resultados muestran un recupero de plata del 95% y del 89% para dos composiciones analizadas, con un consumo de cianuro inferior a 1 kg por onza de plata recuperada. La empresa también ha demostrado el potencial para producir sulfato de manganeso de grado batería.
El diagrama de flujo básico implica lixiviación ácida seguida de una planta de lixiviación a cianuro estándar para la extracción de plata. Aftermath avanza hacia la siguiente fase de trabajos de prueba metalúrgica, incluyendo estudios preliminares de procesos y dimensionamiento para el diseño de la planta.
Además, la empresa anunció el ejercicio de 6.535.487 warrants, generando C$1.795.453 en ingresos en efectivo. Aftermath también aclaró una divulgación anterior sobre concesiones de opciones sobre acciones, indicando que se otorgaron 5.275.000 opciones sobre acciones, no 5.025.000 como se había informado originalmente.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF)는 페루의 Berenguela 은-구리-망간 프로젝트에서 수행된 금속 공학 시험에서 높은 은 회수율을 보고했습니다. 결과는 두 개의 복합체에 대해 95% 및 89%의 은 회수율을 보여주었으며, 회수된 은 온스당 시안화물 소비량은 1kg 미만입니다. 이 회사는 또한 배터리급 망간 황산염을 생산할 가능성을 입증했습니다.
기본 흐름도는 산 침출 후 표준 시안화 침출 공장을 통한 은 추출을 포함합니다. Aftermath는 플랜트 설계를 위한 초기 프로세스 및 크기 연구를 포함한 금속 공학 시험의 다음 단계로 진행하고 있습니다.
추가로, 이 회사는 6,535,487개의 워런트 행사를 발표하며 C$1,795,453의 현금 수익을 창출했습니다. Aftermath는 또한 주식 옵션 부여에 대한 이전 공시를 명확히 하면서 5,275,000개의 주식 옵션이 부여되었으며, 초기 보고된 5,025,000개가 아니라는 점을 명시했습니다.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) a rapporté des taux de récupération d'argent élevés lors des tests métallurgiques de son projet Berenguela de cuivre-argent-manganèse au Pérou. Les résultats montrent un taux de récupération de 95 % et 89 % d'argent pour deux échantillons testés, avec une consommation de cyanure inférieure à 1 kg par once d'argent récupéré. L'entreprise a également démontré le potentiel de produire du sulfate de manganèse de qualité batterie.
Le schéma de base du procédé implique un lixiviation acide suivie d'une usine de lixiviation au cyanure standard pour l'extraction de l'argent. Aftermath avance vers la prochaine phase des tests métallurgiques, y compris des études préliminaires sur les procédés et le dimensionnement pour la conception de l'usine.
De plus, la société a annoncé l'exercice de 6.535.487 bons de souscription, générant C$1.795.453 de produits en espèces. Aftermath a également clarifié une divulgation précédente concernant l'octroi d'options sur actions, affirmant que 5.275.000 options sur actions avaient été accordées, et non 5.025.000 comme rapporté initialement.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) hat hohe Silberrückgewinnungen aus metallurgischen Tests an seinem Berenguela Silber-Kupfer-Mangan-Projekt in Peru gemeldet. Die Ergebnisse zeigen 95 % und 89 % Silberrückgewinnung für zwei getestete Proben, wobei der Cyanidverbrauch weniger als 1 kg pro Unze Silber beträgt. Das Unternehmen hat auch das Potenzial zur Produktion von Batterie-Qualität Mangan-Sulfat nachgewiesen.
Das grundlegende Flussdiagramm beinhaltet Säureauslaugung, gefolgt von einer Standard-Cyanid-Laugungsanlage zur Silberextraktion. Aftermath geht zur nächsten Phase der metallurgischen Tests über, einschließlich vorläufiger Prozess- und Größenstudien für die Anlagendesign.
Darüber hinaus kündigte das Unternehmen die Ausübung von 6.535.487 Warrants an, was C$1.795.453 an Barerlösen generiert. Aftermath stellte auch eine frühere Offenlegung in Bezug auf die Gewährung von Aktienoptionen klar und gab an, dass 5.275.000 Aktienoptionen gewährt wurden, nicht 5.025.000 wie ursprünglich berichtet.
- High silver recoveries of 95% and 89% from two composite samples
- Low cyanide consumption of less than 1 kg per oz of silver recovered
- Potential to produce battery-grade manganese sulphate
- C$1,795,453 raised from warrant exercises
- Advancement to next phase of metallurgical testwork for plant design
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to provide an update on recent metallurgical studies at the Company's Berenguela Silver-Copper-Manganese project in southern Peru ("Berenguela").
The results show a recovery of
Michael Williams, Aftermath's Executive Chairman commented: "We are extremely pleased with the metallurgical results to date, as we have demonstrated that we can potentially produce a battery grade manganese sulphate product and the recoveries of the silver and manganese to date are high. As we move into the next phase of our metallurgical test work, we look forward to scaling up the work. The next stage of our metallurgical test work is advancing and includes preliminary process and sizing studies for plant design purposes."
The basic flowsheet involves acid leaching of the mineralization using sulfuric and sulfurous acids to dissolve Cu, Mn, Fe, and Zn, then purifying this solution with the objective of producing silver, copper and High Purity Manganese Sulfate Monohydrate (HPMSM). Flowsheet steps to accomplish this have been completed, and HPMSM has been made from three ore composites which represent over
The current test program builds on metallurgical work carried out by KCA in 2010. Details of the historic test flowsheets and results are summarized in Section 13 of the Aftermath Technical Report "Berenguela Mineral Resource Estimate NI 43-101 Aftermath Silver Ltd. Province of Lampa, Department of Puno, Peru", dated March 30, 2023, prepared by AMC Consultants available here or on Aftermath's website at the link below:
Sixteen composite samples weighing over 6 tonnes in total were selected from Aftermath's metallurgical drilling program and delivered to KCA's laboratory in Reno. The composites represent the key geometallurgical domains which cover all mineralization types encountered and form the basis of the current metallurgical processing campaign. Test work is being performed individually or on blends of the samples.
Warrants
The Company is also pleased to announce that 6,535,487 of its outstanding warrants to purchase common shares of the Company have been exercised since June 1, 2024 for cash proceeds to the Company of C
Stock Option Grant Correction
The Company wishes to clarify disclosure in its press release dated September 4, 2024 announcing the granting of stock options ("Options") and restricted share units ("RSUs") to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company's stock option plan.
The Company granted a total of 5,275,000 stock options ("Options") -not 5,025,000 as originally stated- to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company's stock option plan. Such options are exercisable into common shares of the Company at an exercise price of Cdn
The Company issued restricted share units ("RSUs") to certain directors, officers and employees of the Company in accordance with the Company's Restricted Share Unit Plan ("RSU Plan"). The vesting terms in the September 4, 2024 news release should have stated that the RSUs vest 1/3 after 12 months from the date of the grant and 1/3 annually thereafter and will fully vest on the date that is three years from the date of grant. Once vested, each RSU represents the right to receive one common share of the Company or the equivalent cash value thereof, at the Company's discretion.
Berenguela Project: Background
- The Company has an option to acquire a
100% interest in Berenguela through a binding agreement with SSR Mining. - Berenguela hosts a potentially open- pittable silver-copper-manganese Mineral Resource close to Santa Lucia in Puno province, southern Peru.
- Silver, copper and manganese have crucial industrial applications in the clean energy and battery spaces. Copper and manganese have been designated critical metals by the US government and the European Union.
- The project is less than 6km from road, rail and power lines and 4 hours from Arequipa by sealed road.
- Aftermath published a resource estimate in March 2023 based on over 300 core and RC holes.
- Metallurgical test work is underway adding to historic work, with the goal of producing silver and copper metal and a commercial battery-grade or fertilizer-grade manganese product.
Qualified person
Michael Parker, a Fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by National Instrument 43-101. Mr. Parker has reviewed the technical content of this news release and consents to the information provided in the form and context in which it appears.
Dan Kappes, a Registered Professional Engineer (Mining Engineer #3223, Metallurgical Engineer #3223) in the State of Nevada, USA, and Founder and President of Kappes, Cassiday & Associates, is the qualified person set out in National Instrument 43-101 (NI 43-101) responsible for overseeing the design and execution of the metallurgical test program and has reviewed and approved the contents of this release.
About Aftermath Silver Ltd.
Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.
- Challacollo Silver-Gold project. The Company owns a
100% interest in the Challacollo silver-gold project. A NI 43-101 Mineral Resource was released on December 15, 2020 (available on SEDAR+ and the Company's web page). The Company is currently completing environmental permitting in anticipation of an upcoming drill program. - Cachinal Silver-Gold project. The Company owns a
100% interest in the Cachinal Ag-Au project, located 2.5 hours south of Antofagasta. On September 16, 2020, the Company released a CIM compliant Mineral Resource and accompanying NI 43-101 Technical Report (available on SEDAR+ and on the Company's web page).
ON BEHALF OF THE BOARD OF DIRECTORS
"Ralph Rushton"
Ralph Rushton
CEO and Director
604-484-7855
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities, the anticipated use of proceeds from the Private Placement and receipt of regulatory approvals with respect to the Private Placement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will use the proceeds of the Private Placement as anticipated, and that the Company will receive regulatory approval with respect to the Private Placement. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that the Company will not use the proceeds of the Private Placement as anticipated, that the Company will not receive regulatory approval with respect to the Private Placement, risks relating to the actual results of current exploration activities, availability of capital and financing, general economic, market or business conditions, and regulatory changes.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226771
FAQ
What were the silver recovery rates in Aftermath Silver's Berenguela project testwork?
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