(Energy Analytics Institute, 15.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: New Pacific acquiring the Carangas Silver Project, Bolivia and Orvana announcing second quarter production of 14,197 AuEq oz and exploration update.
New Pacific Acquires the Carangas Silver Project, Bolivia
(New Pacific Metals, 12.Apr.2021) — New Pacific Metals Corp. signed an agreement with a private Bolivian company, to acquire a 98% interest in the Carangas silver project, located in the Oruro Department, Bolivia. New Pacific will cover 100% of the future expenditures on exploration, mining, development, and production activities. The agreement has a term of 30 years and is renewable for an additional 15 years. An initial discovery diamond drill program is planned to commence upon receipt of the related permit from the local authorities.
Orvana Announces 2nd Quarter Production of 14,197 AuEq Oz & Provides Exploration Update
(Orvana Minerals Corp., 15.Apr.2021) — Orvana Minerals Corp. announced production results for the second quarter of fiscal 2021 and exploration results for the first half of fiscal 2021 at OroValle, Spain.
Juan Gavidia, CEO of Orvana Minerals stated: “While we are on track to deliver on our production guidance for fiscal 2021, we are also pleased to report that exploration at OroValle continues to produce positive results, enhancing our current 5-Year Life-of-Mine Plan. OroValle’s future has never looked brighter than today. Completing Orvana’s big picture, we look forward to updating shareholders with exploration results at our in-development Taguas Project in Argentina, and with metallurgical testing programs completion at EMIPA, Bolivia, over the next upcoming quarters.”