Amerigo Resources Ltd. – MVC Production Resumption
VANCOUVER, BRITISH COLUMBIA – April 25/CNW/Amerigo Resources Ltd. (TSX:ARG) (“Amerigo” or the “Company”) announced today that El Teniente has restored the flow of fresh tailings and the Company’s MVC plant is back in operation. Based on El Teniente’s original communication on the likely duration of the shutdown, MVC brought forward maintenance initially scheduled to take place at a later date, and some of that work remains in progress. As a result, the plant is currently operating at approximately 60% capacity while MVC completes repairs and modifications to two grinding mills and the installation of a higher capacity pump for Colihues. The Company estimates that this ongoing maintenance will be completed and the plant returned to full capacity in approximately 10 days.
Management has revised downward the estimate for the Q2 production shortfall to approximately 500 tonnes of copper and 30,000 pounds of molybdenum.
Amerigo is a Canadian copper and molybdenum producing company with operations near Santiago, Chile. Tel.: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; listing: ARG:TSX.
For further information, please contact:
Michael J. Kuta, General Counsel & Secretary
Amerigo Resources Ltd. (604) 697-6201
The Toronto Stock Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. Statements contained in this news release that are not historical facts are forwarding-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company’s filings with the TSX and on SEDAR. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.