Peruvian Metals Continues Mineral Processing During Fourth Quarter at the Aguila Norte Processing Plant in Northern Peru
Peruvian Metals Continues Mineral Processing During
Fourth Quarter at the Aguila Norte Processing Plant in
Northern Peru
Edmonton, Alberta--(Newsfile Corp. - November 14, 2019) -
Peruvian Metals Corp. (TSXV: PER)
("Peruvian Metals" or the
"Company") is pleased to provide an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte
Processing Plant ("Aguila Norte" or the "Plant") located in Northern Peru.
During the month of October and up to November 13
t
h
, Peruvian Metals processed 2,660 metric tonnes ("mt"). A total of
nineteen mineral campaigns or batches totalling 16,554 mt have been processed since the beginning of the year. The Plant
continues to provide excellent recoveries and high-quality concentrates for mineral suppliers.
Upgrades on the plant are currently
in process and are expected to be completed in the near term.
Jeffrey Reeder, CEO of Peruvian Metals, comments: "The Company's Aguila Norte Processing Plant continues to process
mineral at a consistent rate for the first half of the fourth quarter. However, mineral suppliers are starting to experience weather
conditions typical for this time of year that are affecting their mineral production. Our Company is currently in discussions with
suppliers in new areas where weather should not be an issue during the Peruvian rainy season."
The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Plant
with the ability to expand operations past the current 100 metric tonnes per day level.
Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation
or approved the scientific and technical disclosure contained in this news release.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling
services for clients and to produce high grade concentrates from mineral purchases. The Company continues to acquire and
develop precious and base metal properties in Peru.
For further information on Peruvian Metals Corp. please visit
www.peruvianmetals.com
.
Peruvian Metals Corp. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "PER"
For additional information, contact:
Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclosure Regarding Forward-Looking Statements:
This press release contains certain "Forward-Looking Statements"
within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan",
"expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking
information. Such statements and information are based on assumptions, estimates, opinions and analysis made by
management in light of its experience, current conditions and its expectations of future developments as well as other factors
which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks,
uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the
forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and
information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis
and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.While the
Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the
assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that
they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the
various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-
looking statements and forward-looking information.
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https://www.newsfilecorp.com/release/49731