Baja Mining Provides Update on Boleo Technical Report
Baja Mining Corp. has been advised by SRK Consulting Inc. that it is unable to provide the Company with a draft of the updated NI 43-101 technical report on the Boleo Project as previously anticipated due to the ongoing discussions between the mining department of Minera y Metalurgica del Boleo, S.A.P.I. de C.V., its geotechnical and mining consultants, and those of MMB’s senior lenders regarding certain key aspects of the Boleo mine plan on which consensus remains to be established. These parties continue to evaluate methods to optimize the underground mining, and determine the level of production from underground compared to open pit, the outcome of which may influence mining costs and project economics.