First Majestic Silver, Del Toro Mine Video Update

By Resource Intelligence · May 13, 2013 · 2:49 pm ·

The Del Toro Silver Mine is 100% owned and operated by First Majestic Silver. The mine is a major component of First Majestic’s growth plans, and is ideally situated with excellent infrastructure and several other major mines located nearby.

Del Toro consists of three underground silver, lead and zinc mining operations as well as a dual-circuit flotation and cyanidation processing mill. Initial silver production began in January 2013 after 7 years of extensive planning, permitting and development.

First Majestic is rapidly expanding all aspects of the mine including resources and reserves, hoisting and milling capacity, and underground mine infrastructure. This three phase expansion plan will see throughput grow to 2,000 tonnes per day in 2013, and again to 4,000 tonnes per day by 2014.

In 2012, First Majestic invested $60M towards mine development and the construction of a 2,000 tpd flotation mill allowing for the production of lead and zinc concentrates. In 2013, the company will invest up to $60 million to continue construction of a 2,000 tpd cyanidation circuit allowing for the production of silver dore bars. Once at full capacity by mid-2014, throughput at Del Toro is expected to reach 4,000 tpd.

Del Toro is a complex of underground mines, including the San Juan, Perseverancia/San Nicolas and Dolores mines. Del Toro’s ore deposits consist of mineralized structures within the contact zone between the intrusive and the host limestone. These deposits include veins, manto and replacements, and breccia pipe deposits.

Since purchasing the property, First Majestic has drilled more than 45,000 metres in over 141 drill holes. Based on a successful drill program in 2012 total measured and indicated resources registered 76.5 million silver equivalent ounces and Inferred resources registered 81.8 million of silver equivalent ounces.

Extensive mine development at Del Toro will take place throughout the mine’s life. In 2013 and 2014, the Company has planned 7,600 metres of underground development, including drifts, crosscuts, and declines and inclines.

This infrastructure will also assist in future underground exploration and drilling at Del Toro, to convert resources to reserves, and to add new resources throughout the project area.

Key to achieving 4,000 tonne per day production at Del Toro is the construction of a 650 metre vertical haulage shaft parallel to the San Juan mine for transportation of ore. This shaft is expected to be fully operational by Q3 2014.

With silver production of 5 to 6 million ounces per year plus significant amounts of lead, zinc and gold the project will be First Majestic’s largest operation. First Majestic Silver is confident that continued success at Del Toro will be beneficial to its shareholders, local residents and economic partners. Lead by a highly experienced management team, First Majestic is well on its path to becoming the next senior silver producer.

Go to FirstMajestic.com today to find out more about this and other First Majestic operations

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