Inspenet, January 19, 2023
The Canadian company New Pacific Metals announced that its Silver Sand project in the Bolivian department of Potosí, in the south of the country, has the capacity to become “one of the largest silver mines in the world.”
The finding was corroborated this week by Winston Medrano, Vice Minister of Mining Policy, who, when consulted by the local press, stressed that it is “a very important mine.”
The head of the portfolio confirmed that the company has already delivered preliminary data to the Government, although he clarified that the evaluations of the deposit are not final and that they will continue in the coming months.
The Silver Sand project is an open pit mine comprised of four areas: the main pit, two small northern satellite pits (NP1 and NP2) and one eastern satellite pit (EP1). According to the local legislator, Marco Copa, the company Alcira –the company executing the project and part of New Pacific Metals– has the concession to exploit 40 squares of the deposit in Potosí, 46 kilometers from La Paz.
According to a preliminary economic study submitted on January 9 by the company, the deposit can produce approximately 171 million ounces of silver metal, payable over 14 years. While, in annual terms, the company calculates that it can extract more than 15 million ounces of silver metal in the first four years and from the fifth onwards, 12 million ounces.
Source Actualidad RT in Spanish : https://actualidad.rt.com/actualidad/455493-descubren-bolivia-mega-yacimiento-plata-departamento-potos %C3% AD
Photo: ShutterStock
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