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NILA Nilam Resources


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NILA Nilam Resources

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Symbol:                                               NILA

Website:                                     www.southamericanmining.com

 

Outstanding Shares:               56.1M 

Float:                                                  55.5M

 

Nilam Resources Inc. (NILA) is a Lima, Peru based company, founded in 2005, who focuses on the acquisition, exploration, and development of mineral properties in the Peru and Canada regions.

 

Peru ranks top five in the global gold and copper production and is the largest producer of gold in Latin America. Additionally, analysts are forecasting gold will exceed $2,000 per ounce in the near future. For this reason, NILA is currently developing operations in historically rich mining properties with well-known results and display firm potential for becoming a dominant poly-metallic open pit mine.

 

Located in the center of Peru, NILA’s Llipa Project is constituted of two mining concessions known as The Prospera mine, and La Prospera XXI which have previously produced an estimated 1 million tons of tailings containing gold, silver, coppers, and zinc. In addition, NILA’s Llipa project is located in between two well-known mines in which one of the mines is the largest single-circuit milling operation in the world; The Antamina mine, a joint venture between the Mitsubishi Corp, BHP Billiton, Noranda and TeckCominco which contains gold, copper, zinc and silver reserves of 501 million tons with 70,000 tons per day of production capacity. The second is a Volcan owned open pit mine, Cero de Pasco, extending over 61,000 hectares of poly-metallic mineral deposits. Furthermore, NILA recently announced NILA will be sending an independent geological team for the commencement of their next phase on the Llipa Project. Likewise, NILA’s second project, El Varon, is composed of two mining concessions as well with a projected monthly output of 4,000 tons per month. However, NILA is projecting the production to increase to 6,000 tons per month as a result of NILA’s El Varon project to be perfectly located atop three veins highly rich in gold, copper, silver, and zinc.

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