The La Yesca mill is fully permitted and management has spent the last year assessing production solutions and searching for the right capital to implement the required changes to re-start the mill which occurred during May 2010. Mill equipment to date has operated as expected but milling operations have recently been adversely effected by daily power outages during the rainy season. An additional back up power generator is required to insure consistent operation for the final phase of commissioning.

The increase in head feed grade is just starting to be seen in the metallurgical throughput tests and consistent operation is required to fine tune final recovery rates. The mill has a design capacity of 220 tonnes per day and will be tested to confirm maximum throughput as soon as consistent 24 hour electrical power can be provided.

UC recently announced the granting of a US$500,000.00 loan facility from the Mexican Mining Development Trust - Fideicomiso de Fomento Minero (FIFOMI). Funds from this loan will be used during the re-commissioning of the milling facility.

IR Hub / Company Profile / Discussion Forum