Resources at Hochschild’s Peruvian Project Triple

12 September 2010 (Last Updated September 12th, 2010 18:30)

Hochschild Mining said the resources at its Inmaculada project in Peru have more than tripled and is expected to produce 11 million silver equivalent ounces a year. The company's partner in the project, International Minerals Corp, has completed a scoping study that reveals the deposit co

Hochschild Mining said the resources at its Inmaculada project in Peru have more than tripled and is expected to produce 11 million silver equivalent ounces a year.

The company's partner in the project, International Minerals Corp, has completed a scoping study that reveals the deposit contains 532,000oz of gold, which is a 245% increase, and 15.8 million ounces of silver, an increase of 225%.

Hochschild, which holds a 30% interest in the Inmaculada project, said a full feasibility study is scheduled to be completed by the end of 2011.