San Gold Corporation (SGRCF)

[goldenpolarbear]

In 2010 .... http://www.commodityonline.com/news/bonanza-gold-informs-on-copperstone-mine-27053-3-27054.html

"...The Copperstone Gold Mine is predicted to produce around 45,891 ounces of gold annually for the initial 3 years having a capital investment payback period of a mere 13 months. The capital cost is poised to be US$ 17.74 m..

31 Mar 2010
TORONTO (Commodity Online): Bonanza Gold Corp. (TSE: BZA) has set-out a fresh-note on the Copperstone Gold Mine in Arizona stating that mine permitting is being allowed from July 15, 2009. The Mine Plan of Operations (MPO) is in the process of evaluation under the National Environmental Policy Act via an Environmental Assessment process. ..."

http://www.newsfilecorp.com/release/2349/American-Bonanza-Announces-Progress-at-Copperstone-Mine-and-Completion-of-a-Gold-Facility#.VHJk5GK9KSM

AS OF 2012
"...Mill Performance – 5,455 tons were milled during April. On a day-to-day basis, the mill has performed at design throughput rates and is capable of running at these target rates. Increased through-put will be seen in the coming months as the mine’s ore tonnage to the processing plant increases from the ‘D’, ‘C’ and ‘North D’ Zones. The target throughput rate is 450 tons per day.

Recovery – 1,060 ounces gold was recovered in the mill during April, which is approximately 35% of the monthly design rate for year one of the mine life.

Overall Recovery Rate - stands at 85% for the full month of April. This will further improve as the feed from the mine evens out over the summer. The tailings grade is low at 0.036 ounces per ton, in line with expectations.

Concentrate Shipment Grade – During April, the concentrates graded between 48 and 54 ounces of gold per ton, which is several times higher than design grades.

Gold Sales – preliminary gold sales in April of 1,186 ounces were achieved, representing 40% of Year 1 monthly design rates. The gravity concentrate is currently being sent to Metals Research in Idaho, and the flotation concentrate to Global Metal Technologies in Spokane.

The Mine – 5,375 tons of ore was mined in April, which is approximately 180 tons per day, representing 40% of design output rates...."