Aftermath Silver (TSXV: AAG) this morning issued a revised resource estimate for their Berenguela silver-copper-manganese deposit, which is found in Peru. The latest update factors in exploration conducted in 2024 and 2025, with this estimate marking the first such update since 2023.
Highlights from the revised estimate include:
- Measured
- 27.7 million ounces of silver at 101 g/t
- 0.76 million tonnes of manganese at 8.97%
- 166.9 million pounds of copper at 0.89%
- 60.0 million pounds of zinc at 0.32%
- Indicated
- 94.9 million ounces of silver at 68.5 g/t
- 2.17 million tonnes of manganese at 5.04%
- 550.2 million pounds of copper at 0.58%
- 312.5 million pounds of zinc at 0.33%
- Inferred
- 22.0 million ounces of silver at 47.6 g/t
- 0.47 million tonnes of manganese at 3.28%
- 118.4 million pounds of copper at 0.37%
- 80.0 million pounds of zinc at 0.25%
“The new MRE reflects a significant derisking of the Berenguela resource as the 2024/2025 drilling has successfully defined areas of mineralisation near the margins and confirmed the consistent nature of the resource. The MRE shows a 28% gain in the measured and indicated tonnes, adding to the M&I metal inventory at Berenguela,” commented Ralph Rushton, President of Aftermath Silver.
Measured and indicated resources have grown by 11.37 million tonnes, or 28.3%, to 51.55 million tonnes, while inferred resources declined by 7.96 million tonnes to 14.33 million tonnes following resource conversion.
The estimate is based on a total of 439 drill holes conducted across an aggregate 44,842 metres, with the bulk of drilling over the last two years occurring within the limits of the historical resource. Further drilling is planned towards the eastern margins of the deposit, to follow up on high grade copper that was identified.
Aftermath Silver last traded at $0.88 on the TSX Venture.
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