$AFYG Machacala Project HUGE Potential
Machacala Project offers near-term production potential from both tailings and underground
Machacala can begin producing from its large un-leached tailings pile on site
–Volume Est.: 210,000 Metric Tons
–Grade Est.: 1. 34 g/T Au 56.36g/T Ag average grade)
Metallurgical studies show 87% Au, 50% Ag recoveries in 24 hrs leaching on un-milled tailings , with re-milling (-400 mesh) shows increased recoveries to 90% Au, 73% Ag in 24 hrs leaching
Exploration drilling programs from 1996 by Gold Hawk Resources, Meridian Gold, and Buenaventura
Drilling totaled over 8,500m in 45 core and RC drill holes (Meridian Gold, Gold Hawk Resources)
The hardrock underground potential for Machacala is estimated between $2-$3bln USD
