Highlights
Total Measured and Indicated Resources of 262,956 ounces and Inferred Resources of 211,821 ounces.
Significant increase in the Sao Chico resources with the Measured and Indicated Resource more than doubling to 82,807 ounces and the Inferred Resource almost doubling to 94,002 ounces following successful exploration programme in 2019.
Accelerated mine development and exploration programmes underway to catch up activity that was curtailed in 2020 to mitigate risks and impacts of COVID-19 pandemic and is expected to support further resource growth.
'Following the successful equity raise of
'With our workforce back to full strength and our COVID-19 protocols seemingly very effective at keeping the virus out of our camp, we are making excellent progress on both exploration and development. We look forward to updating the market with our exploration results throughout the year and are confident these will lead to a growth in both our reserves and resources and demonstrate that the Palito and Sao Chico deposits remains long-life assets.'
Contact:
Tel: +44 (0)20 7246 6830
Forward Looking Statements
Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', 'should' ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.
(C) 2021 Electronic News Publishing, source