MINING IN SOUTH AMERICA
Gold – high in the Andes Mountains.
Not just the stuff of legend, but today’s reality!
Here in the mining-friendly province of Salta, in the northwest corner of Argentina, Mansfield Minerals is fast-tracking its Lindero gold project into production.
A Vancouver-based mineral development company, Mansfield discovered Lindero in 1999 – and owns the property outright.
Lindero is an economic heap leach gold deposit.
Advanced development work is complete, permitting has started, and a pre-feasibility study points to strong financial returns.
Work at Lindero has included geologic mapping, 30 thousand meters of drilling, metallurgical testing, trenching, and environmental and social impact studies.
Reserves here are estimated at 2.2 million ounces, with 750,000 ounces more inferred.
Today, the project has over 120 drill holes outlining a significant ore body.
The highest grade of ore is found in the top 150 metres - a main driver for early payback on this resource.
The deposit also has a “low nugget effect” which leads to a high level of confidence in reserve estimates.
Projected at a 10-year mine life, Lindero will produce a minimum of 1.37 million ounces.
In its first 8 years, production is estimated at 150,000 ounces per year.
During its first 3 years, the mine will produce up to 173,000 ounces per year - with grades 30% higher than the life-of-mine average.
Lindero is open pit, and features a very low strip ratio of 0.9 to 1, for life of mine.
A heap leach deposit, the resource is at least 70% recoverable. HPGR or high pressure crushing and grinding technology could push this number into the 75 to 80% range.
Processing facilities will be built near the pit to reduce costs and streamline operations.
Water resources and a lime deposit are nearby – and the terrain is amenable to leach pads, and tailings dumps and ponds.
Despite its remote location, Lindero is surprisingly well situated. All-weather roads, a railway, airstrip, and gas pipeline connect it to the world.
Less than a 6-hour drive east is Salta, a modern city of over 800,000 people and home to a workforce of experienced mining professionals.
These are exciting times for Mansfield Minerals!
Plans created over a decade ago to fully optimize this resource are coming to fruition.
The gold is here, the right people are in place, the potential is enormous, and an unusually fast payback time make Lindero the blue-skies gold project to watch!
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