Junior
The company reports that trucks will be able to reach high-grade mineralization once a 500-metre tunnel into the deposit is completed later this month.
In addition, preliminary results of metallurgical testing on a 100-ton bulk sample suggest gold recovery might be in the order of 90%, though final results will not be available for a few weeks.
A positive feasibility would likely be followed by construction of an on-site plant capable of processing 300 tonnes per day.
Plata has a 35% interest in the Hualilan project, with the remainder held by Explodesa.
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