Mineral Valle Central Produced 13.3 Million Pounds Of Copper In Q2

VANCOUVER, BC - Amerigo Resources Ltd. reported production results for Q2-2019 from Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile. Production remained affected by low plant recoveries. In Q2-2019, MVC produced 13.3 million pounds of copper and 0.2 million pounds of molybdenum.

Production was lower than forecast as a result of continued low plant recoveries during the quarter. In Q2-2019, as required by the mining plan sequence, Cauquenes material was still being extracted from the same low quality, high fines extraction zone that also affected Q1-2019 production.

Production in Q3-2019 is ramping up following completion of the new Cauquenes extraction sump. MVC completed the construction of a new, deeper Cauquenes extraction sump which became operational this month. The sump has a depth of 48 meters and has enabled MVC to regain access to coarser material with better recoveries. Since the sump became operational, MVC’s copper production has increased from approximately 150,000 lbs Cu per day to 180,000 lbs Cu per day and is expected to continue to ramp up as the hydraulic monitors in Cauquenes progress toward deeper, higher grade material.

MVC has also installed and is operating its new regrind mill, thus completing the Cauquenes Phase II expansion. Rob Henderson, President and CEO, said, “The first half of this year has been tough, with low copper prices and low production from MVC. Now that MVC is extracting better quality material from Cauquenes, we look forward to an improved second half of the year.”

The company’s address is 1260-355 Burrard Street, Vancouver, BC V6C 2G8, (604) 697-6203.