Announcement Date: 2022-04-05
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Atalaya Mining Plc
Project name: Masa Valverde
Location: Spain
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Atalaya Mining Plc (AIM: ATYM, TSX: AYM) is pleased to announce a new Mineral Resource Estimate, prepared in accordance with CIM guidelines and disclosure requirements of NI 43-101, for its 100% owned Proyecto Masa Valverde (“PMV”). PMV is located in the Iberian Pyrite Belt of southern Spain approximately 28 km to the south of Atalaya’s 15 Mtpa processing plant at Proyecto Riotinto. PMV consists of two deposits, Masa Valverde and Majadales, which are 1 km apart. Majadales was initially discovered by Atalaya’s exploration team in 2019. PMV is a volcanogenic massive sulphide (“VMS”) type deposit strategically located approximately 28 km from Proyecto Riotinto (see Figure 1 in the Website Announcement). As announced on 21 October 2020, Atalaya acquired a 100% interest on PMV, after having conducted a period of due diligence and exploration on the property under an earlier option agreement. PMV consists of two polymetallic deposits, Masa Valverde and Majadales, as well as several drill-ready targets (see Figure 2 in the Website Announcement). The Majadales deposit was a new discovery made by Atalaya’s exploration team in July 2019.
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