#CYPRIUMMINING (#TSX: $CUG.V) ANNOUNCES 43-101 TECHNICAL REPORT ON THE #POTOSI #SILVER #MINE;@CypriumMining
Montreal, Quebec - August 16, 2016 - (Investorideas.com Newswire) Cyprium Mining Corporation (“Cyprium” or the “Company”) (TSX-V: CUG) is pleased to report that it has filed a technical report prepared in accordance with National Instrument 43-101 on the Potosi silver mine located in the historic mining district of Santa Eulalia, Mexico (the “Report“). The Report dated May 29, 2016 is titled “Geology and Exploration of the Potosi Mine, Municipality of Aquiles Serdan, Chihuahua state, Mexico” and was prepared P.C. Gibson, Ph. D., CPG of Chihuahua, Chihuahua, Mexico. The Report which does not contain a resource estimate, is available for review on both SEDAR (www.sedar.com) and the Company’s website (www.cypriummining.com).
Mr. Alain Lambert, Chairman and CEO of Cyprium commented: “The Report focuses on the “Tunel” mineralized body at levels 1 to 4 of the mine which are accessible by the newly rehabilitated Potosi Shaft No. 3. The Report also contains valuable information on the historic Santa Eulalia mining district where the largest carbonate replacement deposit (CRD) in Mexico is located.” Mr. Lambert added: “We believe that the larger Santo Domingo mineralized body located at level 9, 10 and 11 of the mine – also known as the Main Silicate Body – also has good exploitation potential. The evaluation and preparations for exploiting the Santo Domingo body as well as the preparation of a 43-101 resource calculation by the end of the year will now assume top priority.”
- Published: 16 August 2016
- Written by Investor Ideas