Metallica Resources Inc. completes drilling at Cerro San Pedro gold-silver project, Mexico -- pre- feasibility study to be completed in January.TORONTO--(BUSINESS WIRE)--Dec. 15, 1995--Metallica Resources Inc. is pleased to announce completion of this year's drilling program at its 100%-owned Cerro San Pedro gold-silver project located near San Luis Potosi San Lu·is Po·to·sí A city of central Mexico northeast of León. It was founded in the late 1500s and is a mining, transportation, and industrial center. Population: 659,000. Noun 1. , Mexico. The San Pedro pre-feasibilIty study, which will incorporate the recently completed metallurgical test work, is now scheduled for completion in the second half of January 1996. Metallica completed approximately 11,750 metres of drilling in 43 holes in 1995. The following table highlights significant assay results from the final nine holes drilled this year: -0- Cerro San Pedro- Selected Assay Results - 1995 Drill Program Hole From - To Metres g/tAu g/tAg Comments SP-71 178-190 12 1.55 14.7
212-310 98 0.42 12.4
SP-74 24-58 34 1.09 11.5
76-260 184 0.84 pending stopes@150-54
156-58
SP-75 80-112 32 1.17 37.3
148-196 48 0.77 34.2
SP-76 0-92 92 0.60 20.2
242-286 44 0.55 13.6
SP-77 98-228 130 1.18 56.2 stopes@100-02
108-10
SP-79 172-300 128 0.56 16.1
SP-79 190-288 98 0.87 28.8 Drill holes SP-76 and SP-79 are 50 metres stepouts south and north, respectively, from the central Mendez zone. These results are now being appended to the resource model as are those from the following Mendez zone infill holes: SP-71, SP-74, SP-75, SP-77 and SP-78. Metallurgical test work is now being completed on the oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. material which represents approximately 60% of the currently defined resource and the bulk of the first 5 to 8 years projected production from the mine. Three collumn leach tests have been in progress since September from one bulk sample collected this year. These tests are being conducted at crush sizes of 0.5 inches, 2 inches and 6 inches (run of mine). The 0.5 inch column, the only test with completed tail assays, yielded 80% recovery of gold. The 2-inch and 6-inch test have produced more gold from solution than the 0.5-inch test. Once the balance of results are received from these metallurgical tests, percent recoveries be calculated and optimum crush sizes will be determined. This information will be utilized in a pre- feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. to estimate reserves, operating and capital cost for project. The study will also determine the cost and timing of a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. which the company expects to begin in February. The pre-feasibility study is now scheduled for completion during the week of Jan. 22, 1996. Metallica Resources
Metallica Resources (TSX: MR and NYSE: MRB) is a Canadian based mineral and gold mining company. is a Toronto-based precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. exploration company, focusing on acquiring and developing properties in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The company is well funded and has approximately 13 million shares outstanding. For further information including a map and complete drill results, please contact: Louis A. Lepry Jr. President & COO Telephone, 416/350-2337 On behalf of the board of directors, Craig J. Nelsen Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. -0- Note to Editors: No stock exchange, securities commissions or other regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained herein. CONTACT: Metallica Resources Inc., Toronto Louis A. Lepry Jr., 416/350-2337 |
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