Highlights from the new Mineral Resource:

  • Measured and Indicated oxide gold mineral resources increase to 2,438,000 ounces
  • Inferred gold mineral resources increase to 1,628,000 ounces
  • Measured and Indicated silver mineral resources increase to 33,370,000 ounces
  • Inferred silver mineral resources increase to 46,560,000 ounces

"We are pleased to have added 24% more material in the Measured and Indicated category since the last mineral resource estimation." said Stéphane Amireault, VP of Exploration for Sulliden. "The drilling we conducted in the Central Corridor also increased our knowledge of the geological nature of the area hosting the Mineral Resource, which will assist us in our future exploration efforts. In the last year, drilling activities at Shahuindo have mostly focused in the Central Corridor in preparation for the mine plan; however, we have located several other exploration targets, including the recently drilled North Corridor, which represent excellent short and medium term mineral growth opportunities for the Project."

The new Mineral Resource estimate will form the basis of the Feasibility Study, which is currently in the final stages of detailed engineering.