Tamaya to proceed with Punitaqui feasibility study
Tamaya Resources has announced it will proceed with a feasibility study into exploiting oxide copper resources found on its mining and exploration leases at its Punitaqui mining complex in Region IV, Chile.The feasibility study will be completed by the first quarter of 2008 and will then be immediately reviewed by the Tamaya Board before approval is granted, if appropriate, to proceed with mining activities. This initiative follows the success Tamaya has already had in implementing improvements in the metallurgical performance of its Chilean mining assets, with initial throughput target capacity targets achieved and a plant upgrade program (Project 3000) to focus on production volumes and increased recoveries well underway. The feasibility study will include a comprehensive technical and economic study into the leach SX-EW potential of the oxide copper ores, including ore characterisation, determination of leach parameters and detailed process design and costing. According to Tamaya, the feasibility study will be managed by a site-based heap leach SX-EW specialist and all technical work overseen by a well-known Chilean-based independent consulting metallurgist with over 35 years experience in treating oxide copper ores. The commitment by the company to the oxide copper feasibility study is the next logical step in the continued expansion of the Punitaqui mining complex and has the potential to deliver a reduced cost of copper production.