Volcan announces results from its drilling program at the

CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB.MC
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
Volcan announces results from its drilling program
at the Carahuacra Mine, Yauli Unit
Lima, May 11th, 2015 - Volcan Compañía Minera S.A.A. (BVL: VOLCAACI /
VOLCABC1; BCS: VCMAC1 / VCMBC1; LATIBEX: XVOLBM) is pleased to
announce results from its diamond drilling program at the Carahuacra Mine, Yauli Unit,
located in the Department of Junín, 40 km from the city of Oroya, Peru. To date, 3,645
meters of diamond drilling were completed with the purpose to explore and extend the
continuity of mineralization at depth of the Mary Vein and associated splits.
Highlights of the Drilling Program:





DDH-U-CA-14-006: 2.60 m @ 0.14% Cu, 0.47% Pb, 20.33% Zn & 5.43 oz/t Ag
DDH-U-CA-14-007: 2.90 m @ 0.32% Cu, 1.36% Pb, 7.45% Zn & 6.62 oz/t Ag
DDH-U-CA-14-008: 1.90 m @ 0.05% Cu, 0.20% Pb, 8.25% Zn & 1.58 oz/t Ag
DDH-U-CA-15-001: 1.90 m @ 0.80% Cu, 3.68% Pb, 24.52% Zn & 14.15 oz/t Ag
DDH-U-CA-14-002 : 3.90 m @ 0.13% Cu, 0.47% Pb, 6.90% Zn & 3.04 oz/t Ag.
The assay results from the ten diamond-drill holes are summarized in Table No.1. The
longitudinal section of the Mary Vein detailing the location and grades of the diamond drill
holes executed is available in Exhibit No.1, below.
Table N°1: Assay results; Mary Vein
Drill Hole
From
(m)
To (m)
Int.
(m)
DDH-S-CA-14-002 211.55 212.10 0.55
DDH-U-CA-14-004 280.00 283.95 3.95
92.20 93.40 1.20
DDH-U-CA-14-005 271.90 277.45 5.55
282.70 285.20 2.50
271.10 273.75 2.65
DDH-U-CA-14-006
283.80 291.20 7.40
307.20 310.50 3.30
DDH-U-CA-14-007
328.65 346.70 18.05
240.15 242.10 1.95
DDH-U-CA-14-008 247.60 249.45 1.85
276.55 278.20 1.65
True
Width
(m)
0.15
2.40
0.71
3.30
1.49
2.60
4.07
2.90
14.80
1.90
1.60
1.30
Cu
(%)
Pb
(%)
Zn
(%)
0.01
0.14
0.04
0.14
0.07
0.14
0.01
0.32
0.02
0.05
0.03
0.04
1.68 1.98
0.08 4.23
0.03 5.70
0.16 4.16
0.03 4.86
0.47 20.33
0.06 2.74
1.36 7.45
0.05 2.29
0.20 8.25
0.02 4.26
1.47 10.67
Ag
(Oz/t)
1.99
2.90
0.46
2.38
0.86
5.43
0.26
6.62
0.32
1.58
0.29
6.92
Vein
Mary
Mary
Tensional 1
Mary
Tensional 2
Mary
Tensional 2
Mary
Tensional 2
Mary
Tensional
Ramal Mary
CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB.MC
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
0.70
340.50 368.40 27.90
DDH-U-CA-14-009 383.30 386.00 2.70
455.80 460.40 4.60
0.50
25.00
0.53
1.80
3.40
12.64 Tensional
0.05
0.01
3.39
0.29
Techo Mary
2.70
0.02
0.01
2.70
0.07
Tensional techo Mary
2.50
0.29
0.53
2.28
1.85
Mary
0.90
0.65
2.05
1.20
2.50
3.20
4.25
3.45
1.40
1.90
0.90
0.70
2.00
3.90
3.15
1.05
0.32
0.80
0.43
0.01
0.07
0.13
0.00
0.00
0.07 4.44
3.68 24.52
1.85 7.35
1.45 5.13
0.13 4.09
0.47 6.90
0.28 0.62
0.45 1.36
2.97
14.15
5.89
8.60
0.59
3.04
1.50
0.99
Piso Mary
Mary
Ramal Mary
Tensional
Ramal Mary
Mary
Mary W
Tensional
16.30
499.30
375.20
DDH-S-CA-15-001
381.40
17.90
DDH-S-CA-15-002 280.45
380.65
353.05
DDH-S-CA-15-005
362.50
17.00
500.20
377.25
382.60
20.40
283.65
384.90
356.50
363.90
“The diamond drilling program developed at the Mary Vein has been successful in
demonstrating the continuity and excellent grade of polymetallic mineralization, extending
the economic mineralization 200 meters below the current limit of the Indicated Resources
and 370 meters below current mining operations. Moreover, it should be noted that the
mineralized system continues open at depth", said Jorge Chavez, Corporate Manager of
Geology & Brownfields.
Quality Assurance & Quality Control (QA-QC)
Following detailed geological and geotechnical logging, drill-core samples are split at the
site. Half of the core is submitted to the mine´s laboratory for the corresponding chemical
analysis. The remaining half of the core is retained at site for verification and reference
purposes. Following physical preparation, samples are assayed for base metals and silver by
atomic absorption methods utilizing aqua regia digestion. The QA-QC program includes
the blind insertion of certified reference standards, assay blanks, field duplicates (twin
samples), duplicate rejections and duplicate pulps; at a frequency of approximately 1 per 20
normal samples.
Qualified Person
Jorge Chavez, Corporate Manager of Geology & Brownfields at Volcan Compañia Minera,
is a Qualified Person, Registered with the Australian Institute of Mining & Metallurgy
(AusIMM), Registered Member Number 318752, and responsible for ensuring that the
information contained in this press release is a factual and accurate summary of the original
reports provided or developed by Volcan Compañia Minera S.A.A.
CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB.MC
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
Volcan Compañía Minera S.A.A.
Volcan Compañia Minera is one of the largest producers of zinc, lead and silver in the
world. The Company is considered one of the lowest cost producers in the industry due to
the quality of its ore deposits.
Volcan began operations in 1943 at the heights of the Ticlio Pass. All operations are located
in the central mountains of Peru and include the mines San Cristobal, Carahuacra,
Andaychagua, Ticlio, Cerro de Pasco, Vinchos Chungar, Islay, Alpamarca and Rio
Pallanga. The company is growing organically through the exploration and development of
its own portfolio. At the same time, the Company continuously searches of opportunities.
For more information, visit our website at www.volcan.com.pe or contact our Investor
Relations Officer.
Sincerely,
Ignacio Rosado
General Manager
Volcan Compañía Minera S.A.A.
Reference symbols
BVL: VOLCAAC1, VOLCABC1; BCS: VCMAC1, VCMBC1; LATIBEX: XVOLB.MC
David Gleit,
Investor Relations Manager
Tel: +51 1 416 7000, ext.7430
[email protected]
CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB.MC
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
Exhibit N°1: Longitudinal Section of Mary Vein