INV Metals Provides Progress Update On Loma Larga PFS
TORONTO, ON – JUNE 25, 2014 – INV Metals (“INV Metals” or “Company”) (TSX: INV) is pleased to provide a progress update on the Preliminary Feasibility Study (the “Study” or “PFS”) being conducted on the 100% owned Loma Larga project in Ecuador (“Project”).
The Company and its consultants are currently completing the Study to determine the economics of the Project at the pre-feasibility level under Ecuador’s medium-scale mining category. The PFS will consider underground production at a rate of 1,000 tonnes per day using sequential flotation, producing two separate concentrates, a lower grade gold-silver concentrate and a higher grade gold-copper-silver-arsenic concentrate.
The Company expects to receive the preliminary draft PFS in the next few weeks from its consultants and will then undertake a detailed analysis. The results will be released once management and the board of directors have completed their review.
About INVTM Metals
INVTM Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Ecuador, Namibia, and Brazil. Currently, INVTM Metals’ primary assets are: (1) its 100% interest in the Loma Larga (formerly Quimsacocha) gold property in Ecuador, (2) its 35% interest in the Kaoko property, located in Namibia and (3) its 50% interest in the Rio Novo southern claims, located in Brazil.
This press release contains certain forward-looking statements. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of INV Metals to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risk that the PFS does not have favourable results, the risk that the PFS takes longer to complete than expected, the risk that the regulations to the “medium-scale” mining category under Ecuador’s amended mining laws make the Project uneconomic or that the Project and/or INV Metals becomes subject to more onerous requirements such as those imposed on the “large-scale” mining category, economic and political stability in Ecuador, Canada, Namibia and Brazil, the results of discussions with the Ecuador government, and government regulation. There is no guarantee that any drill targets or economic mineral deposits will be found on INV Metals’ properties. For a more detailed discussion of such risks and other factors, refer to INV Metals’ annual information form filed with Canadian securities regulators available on www.sedar.com.