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Document Preview Metallica Resources Reports Results from Feasibility Study Update for Cerro San Pedro Project, Mexico |
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Title: |
Metallica Resources Reports Results from Feasibility Study Update for Cerro San Pedro Project, Mexico |
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Entities: |
Glamis Gold Ltd.; Metallica Resources Inc.; Noranda Inc.; Washington Group International Inc.; The Industrial Company |
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Date: |
2003 |
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Size: |
Preview shows 1KB of 6KB total |
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Price: |
$32 |
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ID: |
#173853 |
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METALLICA RESOURCES REPORTS RESULTS FROM FEASIBILITY STUDY
UPDATE FOR CERRO SAN PEDRO PROJECT, MEXICO
(All dollar amounts are in U.S. dollars)
September 8, 2003, Toronto, Ontario Metallica Resources Inc. (TSX: MR, OTCBB: METLF) is pleased to provide updated Feasibility Study capital and operating cost figures for its 100%-owned Cerro San Pedro heap leach gold and silver project located in central Mexico. The engineering, procurement and construction management estimates have been completed by a Mexican subsidiary of The Industrial Company (TIC) of Steamboat Springs, Colorado, and are an update of a Run-of-Mine Feasibility Study completed by Glamis Gold Ltd. in 2000, the previous operator of the project. Washington Group International has provided the estimates for the contract mining and earthwork associated with the construction of the mine. Its figures are updates of estimates provided to Glamis by the Washington Group in early 2002. Both TIC and the Washington Group are established contract construction firms with experienced staff and have solid reputations for successfully completing contracts on time and within budget. Metallica will now enter into definitive negotiations with both firms for their services.
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