Duran Ventures Announces Construction Schedule for Its Aguila Norte Processing Plant in Northern Peru
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/19/15 -- Duran Ventures Inc. (TSX VENTURE: DRV)(LMA: DRV) ("Duran" or the "Company") is pleased to announce that the Company has finalized the budget and construction schedule for the Aguila Norte Plant near the city of Trujillo in Northern Peru (see news release dated September 11, 2015).
Highlights of the proposed mineral processing plant construction are:
The Company's management spent several months evaluating various investment scenarios and operating parameters for its Aguila Norte Plant which included processing methodologies, working capital optimization, ore supply reliability, metallurgical consistency, transporting logistics and security of both transported ore and processed product. The conclusion was that the best risk/reward profile on existing cash reserves could be obtained by constructing a 100 TPD floatation circuit, rather than a CIP gold leaching circuit as previously announced. The principal advantages of the former as determined by the Company's assessments are:
During the same period the Company interviewed several engineering firms for overseeing construction of the project. Duran is pleased to announce that it has secured the services of JPC Estructuras y Concreto SAC, a Lima-based contractor headed by mechanical engineer Mr. Jorge Pena. In particular Mr. Pena has a long association with Fundicion Callao ("FUNCAL") which will be supplying most of the plant components, including the ball mill and cone crusher. FUNCAL has been operating its foundry and metal machining business in Peru since the1930's and is renowned for its high quality milling and grinding equipment.
Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43-101, has prepared and approved the scientific and technical disclosure contained in this news release.
About Duran
Duran Ventures Inc. is a Canadian exploration company focused on the exploration and development of precious and base metal properties, and mineral processing in Peru.
Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange and the Bolsa de Valores de Lima: Symbol "DRV".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at . While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking statements and forward-looking information.
Contacts:
Duran Ventures Inc.
Jeffrey Reeder
(647) 302-3290
Duran Ventures Inc.
Oscar Pezo
(011) 511 422-1467
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Unternehmensinformation / Kurzprofil:
Datum: 19.10.2015 - 15:30 Uhr
Sprache: Deutsch
News-ID 427825
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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