Santiago Precious Metals provides update on Rare Earth exploration activities

Santiago Precious Metals is pleased to provide an update on the status of its rare earth projects and exploration activities.

Online PR News – 07-February-2020 – SANTIAGO/REGIÓN METROPOLITANA – Santiago Precious Metals believes that supporting the development of new, more efficient extraction technologies is particularly important for creating economic rare earth supplies for the rest of South America and Santiago Precious Metals research team will be actively involved in implementing new rare earth recovery technologies on future exploration sites and projects.

Santiago Precious Metals Chief Operations Officer, Mr. Francisco Joaquin Montero commented on the potential new extraction site saying “Our research team have just located an old coal mine site where geochemical sampling found elevated levels of rare earths and metallic elements. We have tested these minerals which found traces of cobalt, nickel, lithium, manganese and zinc.”

“Santiago Precious Metals will be focused on defining an appropriate process flowsheet to recover a mixed rare earth oxide product from an accumulation of precipitates created through historical lime treatment of acid mine drainage to neutralize its acidity. Recent samples determine that these precipitates contain total rare earth concentrations of 900 ppm and we are now evaluating a rare earth recovery process going forward”, added Francisco Joaquin Montero, Chief Operations Officer of Santiago Precious Metals.

About Us - Santiago Precious Metals

Santiago Precious Metals is a precious metal exploration and mining company focused on generating continued value for our shareholders through discovery, development and capitalization of deposits of precious metals such as gold, silver and platinum group metals.

Santiago Precious Metals combines conventional exploration methods with innovative techniques developed by Santiago Precious Metals’ team of industry specialists. Santiago Precious Metals conducts comprehensive searches utilizing satellite imagery, topographical mapping and aerial surveillance to identify areas with the geographic and geological characteristics frequently found in major gold, silver and platinum group metal producing areas.

Santiago Precious Metals combines our comprehensive search capabilities with a range of detailed on-the-ground exploration techniques, including sampling rock composition, water sediment testing and core sample analysis. This enables our exploration specialist to target the localities with the highest likelihood of containing high concentration of precious metal deposits.