Vancouver-based Jordex Resources (VSE) says its subsidiary Tiwanacu has been selected by Combiol to enter final negotiations concerning joint venture production from the Bolivar zinc-silver mine in Bolivia.
Jordex recently increased its interest in Tiwanacu to 65%. Combiol is a state-owned Bolivian mining company.
Tiwanacu’s Poopo facilities, 11 miles from the Bolivar mine, produces 40,000 tons zinc concentrate annually in part from Bolivar ore. Jordex says the basis of final negotiations is premised upon utilization of Tiwanacu’s Poopo facilities, whose capacity would have to be doubled to accommodate the increase in the flow of Bolivar ore.
A 1988 study indicated total reserves of almost 4.1 million tons grading 17.1% zinc, 1.1% lead, 12.3 oz. silver per ton and 0.9% tin, on a diluted basis, at Bolivar, Jordex says.
Meanwhile, in Venezuela, Jordex reports a 50% owned subsidiary is nearing completion of its initial confirmatory drilling and sampling program at the Loma de Hierro nickel laterite deposit 60 miles southwest of Caracas. Negotiations continue with a third party, a multi-national mining company, for the sale of a significant interest in the project.
Be the first to comment on "LATIN AMERICA — Jordex negotiates Bolivian joint venture"