RioSol SAC and Compania Minera Rio Sol SAC (RioSol) has announced that it is offering its Montana Gael claim for sale, partnership or earn-in opportunities. The claim is a significant limestone aggregate and lime claim in southern Peru. These large aggregate claims are particularly important for the concrete and aggregate markets since it provides key materials for construction of all types.
Unique claim in terms of both size and proximity
Riosol acquired the Montana Gael claim in 2014. Its original size was 6 km2, which is currently being expanded to 8 km2. The project, located close to major highways and water, is unique in both size and proximity to nearby markets and large infrastructure projects, including the planned Chinchero International Airport.
Evaluation and geologic testing at the site
Geologic testing at the site indicates that the claim has proven and probable reserves in excess of 880 million t, with much higher amounts likely to be discovered as a result of continued testing and drilling. At current regional production levels, the Montana Gael claim, at its present size, could support a 100-year mine life.
Geochemical results show limestone tested above 93% concentration, with lime testing at greater than 55% concentration. RioSol and partner companies will be conducting further evaluation and geologic testing as the project is being offered for sale, partnership or earn-in opportunities.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/the-americas/30072015/riosol-reports-limestone-aggregate-lime-claim-238/