Canadian Miner to Advance $1.6 Billion Copper Project in Chile

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Researched by Industrial Info Resources (Sugar Land, Texas)--Quadra Mining Limited (TSX:QUA) (Vancouver, British Columbia) has recently initiated a pre-feasibility study for its grassroot Sierra Gorda copper project, located in the Region of Antofagasta, in the Atacama Desert of northern Chile.

The Sierra Gorda deposit contains approximately 4 billion tons of mineable material and will be developed as an open-pit operation, with an 111,000-ton-per-day milling and flotation plant. Sierra Gorda will annually produce an average of 306 million pounds of copper, 16 million pounds of molybdenum and 36,000 ounces of gold over 25 years. Copper concentrate is to be piped 141 kilometers to a port facility at Mejillones, also in Antofagasta Region, where it will be thickened, filtered and loaded onto ships. The total capital cost for the project is $1.7 billion, and the company expects to be in production in 2014.

Quadra is a growth-focused, mid-size copper and base metal producing company based in North America. The company recently acquired Centernario Copper Corporation and their substantially complete Franke mine, also in northern Chile, which is slated to produce 30,000 tons per year in copper cathodes.

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