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Last updated on April 19, 2014 at 9:20 EDT

Dia Bras continues to achieve record production results in the third quarter of 2012

October 23, 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. “

Mine Operations

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
provided below.


    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
click here.

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.

Cusi, Mexico

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.

Quality Assurance

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
release.

Forward-looking Statements

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.

PDF available at: http://stream1.newswire.ca/media/2012/10/23/20121023_C9106_DOC_EN_19638.pdf

PDF available at: http://stream1.newswire.ca/media/2012/10/23/20121023_C9106_DOC_EN_19642.pdf

PDF available at: http://stream1.newswire.ca/media/2012/10/23/20121023_C9106_DOC_EN_19641.pdf


Source: PR Newswire