Black Cliff options Chile tailings dumps

Toronto-based Black Cliff Mines (TSE) has signed an option agreement with a Chilean company to earn a 70% interest in several gold-silver-copper tailings deposits near Atacama in central Chile.

The agreement gives Black Cliff five months to complete a feasibility study that is expected to begin in about three weeks.

Included in the agreement is the Los Carrera project which contains three million tonnes of grade 0.85-1.80 grams gold, 10-250 grams silver, plus low copper values. Black Cliff has also optioned the Los Cerrillos property which is known to contain three million tonnes of material. The most significant — the Pabellon — hosts one million tonnes of grade 0.75 grams gold, 275 grams silver and copper grades ranging from 0.50% to 1.54%.

While President Niyazi Kacira was unavailable for comment when The Northern Miner attempted to reach him, a company spokesman said it is too early to predict how much it would cost to develop the deposits. However, discussions are being held with a consulting engineering firm and financing is expected to be raised internally, she said.

Print

 

Republish this article

Be the first to comment on "Black Cliff options Chile tailings dumps"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close