MENDOZA, ARGENTINA. June 15, 2016. Argentina Mining is pleased to announce that Mansfield Minerals SA, subsidiary of Canadian Goldrock Mines, just confirmed its participation as Platinum Sponsor of the 11th International Convention on Business Opportunities in Exploration, Geology and Mining, Argentina Mining 2016, which will take place September 7-9, 2016, in Salta Province.
Mansfield Minerals is an exploration firm led by a team of experienced engineers and geologists. The company started exploring in Argentina in 1994 and since then, has been working uninterruptedly in the country. Lindero, its main asset, it's a gold porphyry deposit located 250km to the west of Salta city, in northwestern Argentina. Mansfield Minerals also owns Arizaro, a copper-gold porphyry situated 35km from Lindero and it was discovered right before it in 1999.
Fellow Canadian Fortuna Silver Mines Inc. acquired Goldrock Mines in June of 2016. Fortuna foresees a production expansion in Lindero, as a low cost option, following its feasibility studies and environmental approvals (DIA, for its acronym in Spanish) for the development of the mine, and counting with strong support from the Salta government and its community. Salta has a strong mining policy that envisions Lindero as its first mine of disseminated gold; Argentina being the 12th gold producer in the world. In 2013 Goldrock announced a positiive feasibility study for Lindero with annual production of 109.000 Oz, an operating cost of 647 USD/Oz of gold , an NPV & IRR of USD 215 M and 33,4%, with included taxes at a price of 1400 USD/Oz of gold. Fortuna will focus in taking the project to production in 2018 and forecasts a guidance production, for the first year, of 127,000 oz of gold.
“It is very important for Argentina Mining that Mansfield joins us one more time, in such a relevant moment for the company, as Platinum Sponsor of Argentina Mining 2016. We welcome them and value deeply their efforts in the country”, said Nivaldo Rojas, President of Argentina Mining, organizers of Argentina Mining 2016.
About Argentina Mining:
Argentina Mining is an Events and Marketing firm focused on the Argentinean mining market, with offices in Mendoza and Salta. Its objectives are gathering the mining community in Argentina and providing a place to promote the activity in the world, developing business opportunities for its members. The company organizes the premium international event of the Argentinean mining sector, the Argentina Mining Convention, which takes place biennially in Argentina since 1996, and the Latin Exploration Conference, among others. Additionally, it provides advisory services in public relations and marketing and develops supplementary products. For further information, please visit www.argentinamining.com
About Mansfield Minerals:
Mansfield Minerals SA, is a Canadian firm devoted to exploration in search of gold and other precious metals in Argentina. Its main project, Lindero, is a gold deposit that will use stockpile leaching, located in Salta, northwest Argentina. For further information, please visit www.goldrockmines.com
Guayaquil 285 Barrio Arizu, Godoy Cruz - M5501BFB Mendoza, Argentina. - Tel +54 261 424 3479
