Los Diques Tailings Dam
|Candelaria (100% basis)
|Total Sustaining Capital
Zinkgruvan Expansion (1350)
|Total Expansionary Capital||40|
|Total Capital Expenditures||390|
Nine rigs drilled 26,956 metres within the three existing underground mines and around the Candelaria open pit mine in an effort to rapidly expand Mineral Reserve and Mineral Resource estimates and to determine the potential extension of known ore bodies. Geophysics commenced in the south district in the first quarter to assist in the development of drilling targets for the remainder of the year.
Eagle exploration continued into 2017 with four surface rigs. Drilling is focused on tracing the Eagle East conduit. A total of 4,079 surface metres were drilled in the first quarter of 2017, with drilling expected to continue throughout the year. In addition, a geophysical program is also being planned for the 2017 field season.
Exploration planning sessions were held at both Zinkgruvan and Neves‐Corvo aimed at strategically expanding exploration efforts for both zinc and copper mineralization extensions. A significant ramp up in exploration activity is expected starting in the second quarter and continuing for the balance of the year and throughout 2018.
Field work commenced on a copper/gold exploration project acquired in late 2016. Initial work includes geophysical surveys, geological mapping and surface rock and soil sampling, which is aimed at outlining potential drill targets.
Project evaluation work is continuing on new copper and zinc‐lead opportunities in Eastern Europe. Prospecting permits for polymetallic mineralization were obtained in Romania in an area with a long history of mining activities. It is expected that field work will commence on several projects during the year.