Sep
10
The NI 43-101 modified program will expedite the work by reducing the required drilling from 6,000 metres to 3,000 metres in the northernmost region of the concession – Presqueiras.
Solid Resources (CVE:SRW)(OTCQX:SLDRF) said Monday it has entered the final phase in attaining a mining permit for its tin/tantalum Alberta-1 project in Spain.
The company announced today that a new modified work program has received official approval by the Spanish Ministry of Industry, Tourism and Trade, in Galicia, Spain.
The NI 43-101 modified program will expedite the work by reducing the required drilling from 6,000 metres to 3,000 metres in the northernmost region of the concession – Presqueiras.
The 2012 program, which started in early September, is designed to upgrade a large portion of the existing inferred and indicated NI 43-101 resource estimate into the measured category, in preparation for the granting of a mining permit for the Alberta-1 concession.
The campaign will also include bulk sampling for concentration tests in a pilot plant, the design and construction of a pilot plant, and a pre-feasibility study.
Solid said it has already confirmed “suitable facilities” of a nearby mining company near Santiago de Compostela for the installation of a planned pilot plant to treat the bulk samples.
A 2012 metallurgy report compiled by SGS confirmed a minimum overall tantalum recovery of between 60 to 65 per cent, and a minimum overall tin recovery of 80 per cent.
At the end of the work program in early 2013, it is anticipated that the application for a mining exploitation permit will be granted by the Spanish Mining Authorities for the entire Alberta-1 3,690 hectare concession, the company noted.
Once the permit is granted the company will construct an initial expandable production facility of up to 1,500 tons per day in the northern region of the concession.
“We are very proud of our accomplishments in collaborating with the local towns and the Spanish Mining Authorities to modify and expedite our late stage exploration program,” said CEO and president Greg Pendura.
“The Spanish Mining Authorities have shown the commitment and recognition of the economic potential of the concession by granting the company to enter near term production in 2013.”
Six members of council, including the mayor of the nearby municipality of Furcate in Galicia, province of Pontevedra, joined Solid’s geology team, headed by Dr. Alfonso Gracia, at the Alberta-1 concession last week.
The council, upon being briefed on the progress of the project, offered to facilitate any activities necessary for the on-going work and future development of the project, Solid said in its release.
The Canadian junior mining company is focused on the exploration and development of rare and precious metals around the world. It is currently in the late stage of quantifying the presence of tantalum, tin, lithium and other rare minerals on its Alberta-1 property in north-western Spain.
In addition, further exploratory work is being done on its gold, copper concession in the province of Ayabaca in northwest Perú.
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