Novamera Evaluates Sustainable Mining by Drilling Technology at Hochschild�s Mine Site in Peru

OAKVILLE, Ontario–(BUSINESS WIRE)–#NovameraInc–Novamera Inc. (�Novamera” or the “Company”) is pleased to announce Hochschild Mining PLC (“Hochschild”) has joined the Company’s Preferred Partner Program (the “Program”). The Program gives priority status to its members, which entitles them to certain privileges, monetary discounts and advance insight into the development of Novamera’s surgical mining technology, Sustainable Mining by Drilling (“SMD”). As a first step, Novamera will perform a conceptual evaluation to determine if the use of SMD as a mining method is economically viable for certain narrow vein deposits located at Hochschild’s Inmaculada Mine in Peru.

“We are excited to work with the team at Hochschild, a leader in the mining industry. They are an innovative group willing to contemplate cutting edge solutions to mine mineral deposits in a safer and more sustainable manner. We appreciate their support during the development phase of our technology and look forward to being able to help them mine more of Inmaculada in the long-term using SMD,” stated Dustin Angelo, President and CEO of Novamera.

Ramon Barua, CFO of Hochschild stated, “At Hochschild, we are committed to a better world, which must include responsible and innovative mining solutions. The Novamera team is introducing a technology that fits our values and we can see the potential of its expected capabilities. The economic evaluation will give us important preliminary insights into how we can integrate SMD into our core asset, Inmaculada.”

About Novamera Inc.

A venture capital backed company, Novamera is developing “keyhole surgery” for mining, an innovative clean technology and process that will be able to mine the numerous small-scale narrow vein mineral deposits found worldwide more safely, economically and sustainably using unique downhole sensors, machine learning algorithms and industry proven drilling technology.

About Hochschild Mining PLC

Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years’ experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas. 

Contacts

Novamera Inc.
Dustin Angelo
President and CEO

416-315-1868 (Canada)

dangelo@novamerainc.com

Shannon McCrae
VP Business Development

416-949-6618 (Canada)

smccrae@novamerainc.com

Hochschild Mining PLC
Charles Gordon
Head of Investor Relations

+44 (0)20 3709 3264