Dia Bras Reports Second Quarter 2010 Volumes
MONTREAL, QUEBEC -- (Marketwire) -- 07/14/10 -- Dia Bras Exploration Inc. (TSX VENTURE: DIB) reports results from its Bolivar pilot-mining and Cusi advanced development programs in Chihuahua, Mexico, for the second quarter ending June 30, 2010 and cumulative results for the first six months of the year.
Dia Bras is providing these production statistics from its Mexican operation in order to provide shareholders with a more timely review of recent operational performance. The numbers are preliminary and subject to adjustment. Updated 2010 guidance will be provided with the release of the second quarter financial results in August.
Bolivar
Table 1 - Bolivar Pilot-Mining
Summary of the Comparative Statistics for Second Quarter and Six Months Ended June 30, 2010 and 2009
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%
Variation
2010
Actual Actual Over
Q2-2010 Q2-2009 2009
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Tonnes processed 29,014 18,948 53.12
Daily throughput 332 217 53.12
Copper grade 1.46% 1.55% (5.81)
Zinc grade 9.15% 7.63% 19.92
Copper recovery 86.31% 86.51% (0.23)
Zinc recovery 89.90% 87.41% 2.85
Total production of copper (pounds) 806,800 561,600 43.66
Total production of zinc (pounds) 5,262,600 2,907,000 81.03
Average price of copper/pound, $US $3.19 $2.11 51.18
Average price of zinc/pound, $US $0.92 $0.67 37.31
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Actual Actual %
Six Six Variation
Months Months 2010
Cumulative Cumulative Over
2010 2009 2009
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Tonnes processed 56,842 46,935 21.11
Daily throughput 325 268 21.11
Copper grade 1.50% 1.60% (6.25)
Zinc grade 9.56% 8.63% 10.78
Copper recovery 85.28% 85.42% (0.16)
Zinc recovery 89.34% 87.90% 1.64
Total production of copper (pounds) 1,600,800 1,423,000 12.49
Total production of zinc (pounds) 10,704,700 8,178,100 30.89
Average price of copper/pound, $US $3.23 $1.83 76.50
Average price of zinc/pound, $US $0.98 $0.60 63.33
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Cusi
Table 2 - Cusi Advanced Development
Summary of the Comparative Statistics for Second Quarter and Six Months Ended June 30, 2010 and 2009
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%
Variation
2010
Actual Actual Over
Q2-2010 Q2-2009 2009
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Tonnes processed 6,864 564 1117
Daily throughput 78 19 310.53
Lead grade 0.72% 2.26% (68.14)
Silver grade in grams/tonne (g/t) 285 303 (5.94)
Lead recovery 43.86% 58.56% (25.10)
Silver recovery, flotation 67.61% 61.19% 10.49
Silver recovery, flotation + leach 81.78% 61.19% 33.65
Total production of lead (pounds) 47,547 16,472 188.65
Production of silver, flotation (oz) 42,585 3,362 1167
Silver in Dore, leach (oz) 4,447 0 -
Average price of lead/pound, $US $0.89 $0.76 17.11
Average price of silver/ounce, $US $18.32 $14.60 25.48
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Actual Actual %
Six Six Variation
Months Months 2010
Cumulative Cumulative Over
2010 2009 2009
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Tonnes processed 12,267 564 2075
Daily throughput 70 19 268.42
Lead grade 0.65% 2.26% (71.24)
Silver grade in grams/tonne (g/t) 297 303 (1.98)
Lead recovery 41.02% 58.56% (29.95)
Silver recovery, flotation 69.03% 61.19% 12.81
Silver recovery, flotation + leach 81.59% 61.19% 33.34
Total production of lead (pounds) 72,537 16,472 340.37
Production of silver, flotation (oz) 80,992 3,362 2309
Silver in Dore, leach (oz) 7,414 0 -
Average price of lead/pound, $US $0.95 $0.76 25.00
Average price of silver/ounce, $US $17.62 $14.60 20.68
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About Dia Bras
Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in Northern Mexico. The Company is committed to developing and adding value to its assets - the Bolivar Property and the Cusi Property. The Company's shares trade on the TSX Venture Exchange under the symbol 'DIB'.
Forward-looking Statements
This news release contains certain statements that constitute forward-looking statements. Forward-looking information includes, but is not limited to, information concerning Dia Bras' 2010 guidance respecting pilot-mining production, and potential plans for Bolivar and Cusi projects. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in the mining industry including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties or shortages of labour or interruptions in production; actual rocks mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of pilot-mining activities and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties. Refer to 'Risk and Uncertainties'.
Forward-looking information is, in addition, based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long-term price of zinc, copper, lead and silver; the regulatory and governmental approvals for the Company's projects and other operations on a timely basis; access to financing, appropriate equipment and sufficient labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Although the forward-looking statements contained in this MD&A are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this MD&A, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except as required under applicable securities regulations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Dia Bras Exploration Inc.
Daniel Tellechea
President & CEO
1-866-493-9646
Dia Bras Exploration Inc.
Karl J. Boltz
Vice President, Corporate Development
1-866-493-9646