EnviroGold Global and Luca Mining Announce MOU to Reprocess Historical Tailings at Campo Morado
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Tuesday, August 29, 2023
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The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado (“Campo”) tailings that are currently being stored in Campo’s original tailings storage facility.
Key Points:
- The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado (“Campo”) tailings that are currently being stored in Campo’s original tailings storage facility.
- These tailings contain approximately 3,290,622 tonnes @ 1.32% Zn, 0.3%Cu, 0.49%Pb, 1.57g/t Au, and 94 g/t Ag (based on Luca’s internal estimate from historical production records).
- EnviroGold and Luca will work together to develop a definitive processing agreement that will provide a stage-gated approach to the development of the Project.
- The Project will follow the standard approach with EnviroGold working with Luca to complete a preliminary economic assessment ("PEA").