First Majestic Silver Corp.: La Parrilla Receives "Clean Industry Certification"
March 17, 2009
MAJESTIC SILVER CORP. (FR-T) (“First Majestic” or the “Company”) is
pleased to announce that on the February 25th, 2009, the Mexican
Environmental Authority PROFEPA (Procuradoria Federal Proteccion al
Ambiente) awarded a CLEAN INDUSTRY CERTIFICATE to one of the Company’s
wholly owned subsidiaries, First Majestic Plata, SA de CV., regarding
its activities at the La Parrilla Silver Mine (La Parrilla).
This Certificate is a significant milestone for the Company and was
achieved after twenty nine months of Voluntary Environmental Audit work,
which demonstrates the Company’s sustained focus in complying with
international and Mexican mining standards.
Relevant activities undertaken in order to achieve this Certificate included:
- Control of all machinery exhaust and dust emissions
- Control of on-site water use to the highest environmental standards
- Remediation of soil where necessary
- Effective handling and disposal of bi-product residues
- Construction of containment walls and rain water drainage systems at the mill site
- Reclamation and reinforcement of the old tailings dam and construction of a new tailings dam
First Majestic is operating three separate mines within the La Parrilla
property including the La Rosa/Rosario/La Blanca systems which are
joined underground into a single operation, the San Marcos mine, and the
Quebradillas mine. Several other areas are either undergoing
development or exploration or have programs planned in the future. The
most significant mining area currently under development is the Las
Vacas mine, which is being prepared for production in 2010.
The La Parrilla operation consists of numerous silver/lead/zinc
underground mines, and a cyanidation and flotation ore processing plant
with an installed capacity of 840 tonnes per day (tpd). The plant
processes both oxide and sulphide silver ores in two separate 420 tpd
parallel circuits. Oxide ores are processed by cyanide leaching to
produce Dore bars and sulphide ores are processed by differential
flotation to produce a silver-rich lead concentrate.
The La Parrilla Silver Mine is located in the Municipality of Nombre de
Dios, Durango State, México approximately 45 minute drive from the City
of Durango east along Highway 45. The property covers an area in excess
of 53,249 hectares. All the work to date, including, mining,
development, resource definition and exploration has taken place on only
a small portion of this large property.
First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver
producer through the development of its existing assets and the pursuit
through acquisition of additional assets that contribute to achieving
its corporate growth objectives.
FOR FURTHER INFORMATION contact firstname.lastname@example.org, visit our
website at www.firstmajestic.com
or call our toll free number
FIRST MAJESTIC SILVER CORP.
Keith Neumeyer, President & CEO
This press release includes certain
“Forward-Looking Statements” within the meaning of section 21E of the
United States Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical fact, included herein,
including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and
objectives of First Majestic Silver Corp. are forward-looking statements
that involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such