MEXICO - Montreal-based DIA BRAS EXPLORATION has sold the first copper and zinc concentrates from its Bolvar mine in Mexico's Chihuahua state, said company investor relations spokesperson Pierre Thomas Laflamme.
The company sold 278 tonnes of zinc concentrate (56.5%) and 185 tonnes of copper concentrate (28%) to MARC RICH INVESTMENT for US$240,000. The zinc and copper was produced during the pilot mining phase, which began at Bolvar in January.
Approximately 6,900 tonnes of material has been produced at the mine since operations began. The company is currently waiting for a 43-101 report to be completed in May, which will bring the resource reporting up to Canadian reporting standards, Laflamme said. Once this is completed, the mine is expected to begin full production and the company will find it easier to attract further investment, he added.
In March the company calculated a resource of 1.0 million tonnes grading 2.8% Cu and 10% Zn at the mine, including 530,000 tonnes grading 3.8% Cu and 13.3% Zn. Dia Bras is also in the process of ramping up production at its mill, which initially had a capacity of 100 tonnes/day. "We're up to 200 tonnes per day and we're looking to be up to 300 tonnes per day by September," Laflamme said. The mill will also receive new circuits that will allow it to recover the gold and silver also present in the ore.
Meanwhile, exploration drilling is continuing in the mine area to increase the size of the higher-grade resources available. Further exploration is also due to take place in the areas surrounding the mine, including the Lilly, Cascada and Rosario prospects.
The company's website is at www.DiaBras.com.