NetworkNewsBreaks – Josemaria Resources Inc.’s
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Posted On: 12/16/2020 3:51:21 PM
NetworkNewsBreaks – Josemaria Resources Inc.’s (TSX: JOSE) (OTC: JOSMF) Argentine Property Among Few of World’s Readily Developable Copper-Gold Projects
Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company based in Vancouver, British Columbia, recently announced positive results of a feasibility study focused on its wholly owned Josemaria Copper-Gold Project located in the San Juan Province of Argentina. The study reported a 19-year mine life and a robust, rapid pay-back, low-risk project with an open-pit operation feeding a conventional process plant at 152,000 tonnes a day. The study projected 136,000 tonnes of copper, 231,000 ounces of gold and more than a million (1,164,000) ounces of silver in average annual production. “We are extremely pleased with the results of the feasibility study at Josemaria, which indicates that this is one of the very few readily developable copper-gold projects in the world today,” said Josemaria Resources president and CEO Adam Lundin. “This study has materially de-risked the project and forecasts an attractive economic outcome, which is comparable with other large-scale copper/gold projects already being developed or in production today. We believe that Josemaria is perfectly positioned to commence production by mid-decade, meeting rising copper demand from a rapidly electrifying global economy. I believe the study results will allow us to unlock various financing opportunities as we move toward construction.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company based in Vancouver, British Columbia, recently announced positive results of a feasibility study focused on its wholly owned Josemaria Copper-Gold Project located in the San Juan Province of Argentina. The study reported a 19-year mine life and a robust, rapid pay-back, low-risk project with an open-pit operation feeding a conventional process plant at 152,000 tonnes a day. The study projected 136,000 tonnes of copper, 231,000 ounces of gold and more than a million (1,164,000) ounces of silver in average annual production. “We are extremely pleased with the results of the feasibility study at Josemaria, which indicates that this is one of the very few readily developable copper-gold projects in the world today,” said Josemaria Resources president and CEO Adam Lundin. “This study has materially de-risked the project and forecasts an attractive economic outcome, which is comparable with other large-scale copper/gold projects already being developed or in production today. We believe that Josemaria is perfectly positioned to commence production by mid-decade, meeting rising copper demand from a rapidly electrifying global economy. I believe the study results will allow us to unlock various financing opportunities as we move toward construction.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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