Solid Resources has entered the final phase in attaining a mining permit for its tin and tantalum Alberta-1 project in Spain.
A new modified work program has received official approval by the Spanish Ministry of Industry, Tourism and Trade in Galicia of Spain. The NI 43-101 modified program will expedite the work by reducing the required drilling from 6,000 meters to 3,000 meters in the northernmost region of the concession Presqueiras.
The 2012 program which started in early September is designed to upgrade a large portion of the existing inferred and indicated NI 43-101 resource estimate into the measured category, in preparation for the granting of a mining permit for the Alberta-1 concession. The campaign will also include bulk sampling for concentration tests in a pilot plant, the design and construction of a pilot plant and a prefeasibility study.
Solid has already confirmed suitable facilities of a nearby mining company near Santiago de Compostela for the installation of a planned pilot plant to treat the bulk samples. A 2012 metallurgy report compiled by SGS confirmed a minimum overall tantalum recovery of between 60 to 65% and a minimum overall tin recovery of 80%.
At the end of the work program in early 2013, it is anticipated that the application for a mining exploitation permit will be granted by the Spanish Mining Authorities for the entire Alberta-1 3,690 hectare concession. Once the permit is granted the company will construct an initial expandable production facility of up to 1,500 tonnes per day in the northern region of the concession.
Mr Greg Pendura CEO and president of Solid Resources said that "We are very proud of our accomplishments in collaborating with the local towns and the Spanish Mining Authorities to modify and expedite our late stage exploration program. The Spanish Mining Authorities have shown the commitment and recognition of the economic potential of the concession by granting the company to enter near term production in 2013."
Source - Proactive Investors
(www.steelguru.com)
