Dia Bras continues to achieve record production results in the third quarter of 2012
TSX Venture Exchange – DIB
Bolsa de Valores de Lima – DIB
TORONTO, Oct. 23, 2012 /PRNewswire/ – Dia Bras Exploration Inc. (TSX-V:DIB) (BVL:DIB) (“Dia Bras” or the
“Company”) is pleased to announce its production results for the third quarter of( )2012.
_____________________________________________________________________ | | | | |Press Release Highlights: | | | | -- Total of 317,355 tonnes processed in the third quarter of | | 2012 compared to 251,526 tonnes in | | the same period of 2011. An increase of 26% year-over-year. | | | | -- Total silver ("Ag") production of 681,845 ounces ("oz") in | | the third quarter of 2012 compared to | | 585,483 oz for the same period of 2011. An increase of 16% | | year-over-year. | | | | -- Total copper ("Cu") production of 3.5 million pounds ("lb") | | in the third quarter of 2012 compared | | to 3.9 million lb for the same period of 2011. A decrease of | | 9% year-over-year. | | | | -- Total lead ("Pb") production of 10.0 million lb in the third | | quarter of 2012 compared to 8.3 | | million lb for the same period of 2011. An increase of 20.6% | | year-over-year. | | | | -- Total zinc ("Zn") production of 15.4 million lb in the third | | quarter of 2012 compared to 14.5 | | million lb for the same period of 2011. An increase of 6% | | year-over-year. | | | | -- Total gold ("Au") production in the Yauricocha Mine was 2,409| |________ounces_in_the_third_quarter_2012.____________________________|
Daniel Tellechea, President and CEO of Dia Bras, commented: “Dia Bras achieved another record breaking quarter of production in the
third quarter of 2012. The Company continued to consolidate operations
and focus on operating efficiencies in Peru and Mexico during the
period. Management remains focused on continuing to expand Dia Bras’
production profile as a growing mid-tier Latin American precious and
base metal producer throughout 2012. “
Dia Bras achieved record-breaking production in the third quarter of
2012. The announcement of commercial production at the Bolivar Mine
coupled with improvements in operating efficiencies resulted in
year-over-year increase of total metal production. The Company achieved
a total of 317,355 tonnes of ore processed (compared to 251,526 tonnes
in 2011) from all operations, representing a 26% increase
year-over-year. A summarized table of consolidated production results
is presented below.
Consolidated 3 months ended 9 months ended Production Sept. 30, Sept. 30, % Var. Sept. 30, Sept. 30, % Var. 2012 2011 2012 2011 Silver production 681,845 585,483 16.5% 1,936,798 905,732 113.8% (oz) Copper production 3,517 3,891 -9.6% 8,988 5,895 52.5% (000 lbs) Lead production 10,009 8,302 20.6% 27,024 11,157 142.2% (000 lbs) Zinc production 15,402 14,493 6.3% 39,814 18,940 110.2% (000 lbs) Gold Production 2,409 N.A. N.A. 8,310 N.A. N.A. (oz)
Yauricocha Mine, Peru
The Yauricocha Mine in Peru continued to be the Company’s largest
producing mine with a total of 221,033 tonnes processed in the third
quarter of 2012. Mineralization at the Yauricocha Mine is hosted in
three different zones including the Copper, Lead-Oxide (“Oxides”) and
Polymetallic ore bodies.
During the third quarter of 2012, aggregate production of these ore
bodies was 559,719 oz of Ag, 2.0 million lb of Cu, 9.8 million lb of
Pb, 14.1 million lb of Zn and 2,409 oz of Au. A summary of production
from the Yauricocha Mine for the third quarter of 2012 has been
Yauricocha 3 months ended 9 months Period from Production1 ended Sept. 30, Sept. 30, % Var. Sept. 30, May 26-Sep % Var. 2012 2011 2012 30, 2011 Silver production 559,719 497,803 12.4% 1,596,857 695,780 129.5% (oz) Copper production 2,043 3,082 -33.7% 6,889 4,905 40.5% (000 lbs) Lead production 9,825 8,230 19.4% 26,629 10,841 145.6% (000 lbs) Zinc production 14,135 10,131 39.5% 36,085 13,348 170.3% (000 lbs) Gold Production 2,409 N.A. N.A. 8,310 N.A. N.A. (oz)
(1) For a detailed summary of production for the Yauricocha Mine please
Bolivar Mine, Mexico
Since the announcement of commercial production on November 29, 2011,
the new Piedras Verdes mill has continued to increase the production
profile of the Bolivar Mine. During the third quarter of 2012, total
ore processed at the Bolivar Mine increased 110% with 71,239 tonnes
processed compared to 33,859 tonnes in the same period of 2011. This
resulted in third quarter production of copper increasing 82%
year-over-year for a total of 1.5 million lb, compared to 0.8 million
lb in 2011. Despite this substantial increase in throughput during the
third quarter of 2012, zinc production decreased 71% year-over-year to
1.3 million lb compared to 4.4 million lb in 2011. The decrease in zinc
production resulted from a lower head-grade of 1.21% in the third
quarter of 2012 compared to 6.65% in the same period in 2011.
Additionally, silver production decreased by 2.3% in the third quarter
of 2012 to 39,239 oz compared to 40,145 oz in the same period of 2011.
This decrease in production was the result of a 53% decline in head
grade from 46 g/t Ag in 2011 compared to 22 g/t Ag in 2012. A summary
of production from the Bolivar Mine for the third quarter of 2012 has
been provided below.
Bolivar 3 months ended 9 months ended Production1 Sept. 30, Sept. 30, % Var. Sept. 30, Sept. 30, % Var. 2012 2011 2012 2011 Copper production 1,473 809 82.1% 2,099 990 112.0% (000 lbs) Silver production 39,239 40,145 -2.3% 136,142 96,853 40.6% (oz) Zinc production 1,267 4,362 -71.0% 3,729 5,592 -33.3% (000 lbs)
(1) For a detailed summary of production for the Bolivar Mine please click here.
Total production at Cusi increased 170% in the third quarter of 2012
with 25,084 tonnes processed compared to 9,270 tonnes in the same
period in 2011. The higher tonnage is explained by the additional
processing of 11,965 tonnes of historic tailings at the Mal Paso plant
while Cusi’s mineral accounted for 13,120 tonnes. In this context, the
combined effect of historic tailings and Cusi’s mineral during the
third quarter of 2012 drove silver and lead grades down to 158 g/t and
0.56%, compared to 181 g/t and 0.62% in the same period of 2011,
respectively. A summary of production from the Cusi operation for the
third quarter of 2012 has been provided below.
Cusi 3 months ended 9 months ended Production1 Sept. Sept. 30, % Var. Sept. 30, Sept. 30, % Var. 30, 2012 2011 2012 2011 Silver production 82,888 47,535 74.4% 203,799 113,099 80.2% (oz) Silver 82,888 37,137 123.2% 199,616 92,005 117.0% Flotation Silver 0 10,398 -100.0% 4,183 21,093 -80.2% Lixiviation Lead production 185 72 N.A. 395 316 N.A. (000 lbs)
(1) For a detailed summary of production for the Cusi Project please click here.
The technical content of this news release has been approved by Thomas
L. Robyn, Ph.D., CPG, RPG, a Qualified Person as defined in NI 43-101
and Head of Exploration for Dia Bras Exploration, Inc.
About Dia Bras
Dia Bras Exploration is a Canadian mining company focused on precious
and base metals in Chihuahua State, other areas of northern Mexico, and
most recently at its Yauricocha silver-lead-zinc-copper-gold mine in
Peru. The Company is accelerating exploration at the Yauricocha
property as well as pursuing the development and exploration of its
most advanced Mexican assets – the Bolivar Property
(copper-zinc-silver) and the Cusi Property (silver-lead) and is
exploring in Mexico several precious metal targets such as La Sidra
gold project at the Bolivar Property, Las Coloradas silver project at
Melchor Ocampo (Zacatecas State), the Bacerac silver project (Sonora
State), and the La Verde gold project at the Batopilas Property
(Chihuahua State). Dia Bras is also exploring base metal projects in
Mexico such as the Corralitos intrusion-hosted molybdenum deposit
(Chihuahua State). Dia Bras is also exploring base metal projects in
Mexico such as the Corralitos intrusion-hosted molyebdenum deposit.
The Company’s shares trade on the Bolsa de Valores de Lima and TSXV
under the symbol “DIB”.
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 news
Except for statements of historical fact, all statements in this news
release without limitation regarding new projects, acquisitions, future
plans and objectives are forward-looking statements that involve risks
and uncertainties. There can be no assurance that such statements will
prove to be accurate; actual results and future events could differ
materially from those anticipated in such statements.
SOURCE Dia Bras Exploration Inc.