La Paz, Bolivia-Pan Minerals, a Bolivian-Swiss mineral exploration and development company with offices in Las Paz and Switzerland, announced Oct. 9 the acquisition of a proven high-yield sulfur deposit in the vicinity of the Putana Mountain in southwestern Bolivia. The property has a major proven deposit with at least two million tons of between 37-45 percent caliche/sulfur on the surface alone. The 500 hectare concession is expected to yield at least 6,000 tons of sulfur a month, at an average price of $100 per unprocessed ton. The concession is located adjacent to the border with Chile, a country that Pan Minerals says has virtually exhausted its own sulfur reserves. With the Chilean border only 30 kilometers away, transportation costs to the market place will be relatively low. Pan Minerals says it remains debt free and continues to move forward with its projects. In addition to the new sulfur deposits, it also has a stake in lead, silver, and zinc deposits at Turqui Mountain in Bolivia.
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