Denarius Metals Corp. (TSXV: DSLV | OTCQX: DNRSF) has filed a technical report dated for its wholly-owned Lomero project in the Huelva province of southern Spain, pursuant to national instrument 43‐101 (NI 43-101) mining standards.
The project is a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, one of the largest districts of pyrite-rich massive sulfide deposits in the world. The technical report was prepared by SRK Consulting (US), Inc. and is based on an updated mineral resource estimate (MRE) for the Lomero project effective 31 July 2023. The updated MRE was prepared following the completion of the company’s second and third phase infill and validation drilling campaigns from last October through to July 2023.
The current geological model and the updated MRE for the Lomero-Poyatos deposit include the results obtained from a total of 146 holes representing 44,228m of drilling completed to date by the company plus another 55 historical holes drilled by CMR representing 10,053m.
The updated MRE comprises:
- Indicated mineral resources: 7.73Mt at 0.66% Cu, 1.03% Zn, 0.46% Pb, 25g/t Ag, and 2.27g/t Au (1.91% Cu Eq) containing an estimated 51Kt Cu, 80Kt Zn, 36Kt Pb, 6.1Moz Ag, and 0.6Moz Au
- Inferred mineral resources: 3.45Mt at 0.29% Cu, 1.18% Zn, 0.53% Pb, 22g/t Ag, and 1.86g/t Au (1.46% Cu Eq) containing an estimated 10Kt Cu, 41Kt Zn, 18Kt Pb, 2.5Moz Ag, and 0.2Moz Au
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development, and eventual operation of polymetallic mining projects in high-grade districts, with its principal focus on the Lomero project in Spain. The company signed a definitive option agreement with Europa Metals Ltd. in November 2022 pursuant to which Europa has granted Denarius Metals two options to acquire up to an 80% ownership interest in the Toral Zn-Pb-Ag project in northern Spain. The company’s also controls the 100%-owned Zancudo project in Colombia, which provides an opportunity to develop near-term production and cash flow through local contract miners and long-term growth through exploration.
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