Amerigo Resources Ltd.

Amerigo Resources Ltd.

March 09, 2010 15:00 ET

Amerigo’s Chilean Operations Resume Full Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2010) - Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX:ARG) is pleased to report that production has resumed at Minera Valle Central ("MVC"), the Company's Chilean subsidiary.

Dr. Klaus Zeitler, Amerigo's president, stated, "We are very happy to confirm that MVC is back in full production both from fresh and old tailings. After minor repairs were completed on the tailings line downstream from MVC's plant MVC started partial production on the weekend, and after repair work was finished on its own tailings line MVC resumed full production on Monday of this week."

Despite the fact MVC will lose approximately 1,000,000 pounds of copper production this quarter as a result of the earthquake, Q1-2010 is still on track to have the highest copper production of any first quarter in the Company's history. The Company is also continuing to move forward with its plans to increase production of old tailings to the maximum contractual rate.

Amerigo Resources Ltd. is a Canadian junior company producing copper and molybdenum from its MVC operations near Santiago, Chile.

Statements contained in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the TSX and on SEDAR. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

The Toronto Stock Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

Contact Information

  • Amerigo Resources Ltd.
    Dr. Klaus Zeitler
    (604) 218-7013
    Amerigo Resources Ltd.
    (604) 681-2802
    (604) 682-2802 (FAX)