Denarius Metals Corp. (TSXV: DSLV | OTCQX: DNRSF) has filed the National Instrument 43-101 (NI 43-101) – Standards of Disclosure for Mineral Projects compliant technical report for its preliminary economic assessment of the company’s 100%-owned Zancudo Project in Colombia.
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development, and eventual operation of polymetallic mining projects in high-grade districts. The company has commenced construction activities at Zancudo, which includes the historic producing Independencia mine, providing an opportunity to develop near-term production and cash flow commencing in 2024 through local contract mining and long-term growth through continued exploration of the Zancudo deposit which remains open in all directions.
The technical report, entitled “Technical Report and Preliminary Economic Assessment for the Zancudo Gold-Silver Deposit, Municipality of Titiribí, Department of Antioquia, Republic of Colombia” with an effective date of 24 October 2023, was prepared by Resource Development Associates and supports the disclosures made by the company in its 30 October news release.
The company’s principal focus is on its Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, one of the largest districts of pyrite-rich massive sulfide deposits in the world.
The company recently acquired a 50% interest in Rio Narcea Recursos, S.L. which has the rights to exploit the historic producing Aguablanca nickel-copper mine, including a 5,000tpd processing plant, located in Monesterio, Extremadura, Spain, approximately 88km from the company’s Lomero Project.
Denarius is also carrying out an exploration campaign on the Toral Zn-Pb-Ag Project located in the Leon province of northern Spain pursuant to a definitive agreement signed in 2022 for an option and joint-venture arrangement with Europa (AIM: EUZ) to which Europa has granted Denarius Metals two options to acquire up to an 80% ownership interest in Europa Metals Iberia S.L. (“EMI”), a wholly-owned Spanish subsidiary of Europa which holds the Toral Project.
For further information, please visit: www.denariussilver.com
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