Northern Mining close to operation in Tanzania
Northern Mining Explorations Ltd (TSX:MDN)
Shares Issued 52,754,569
Last Close 7/13/2004 $0.44
Wednesday July 14 2004 - News Release
Mr. Carlos Bertoni reports
NORTHERN MINING: CONSTRUCTION ADVANCES AT TULAWAKA MINE
Northern Mining Explorations Ltd. is making progress in the development of the Tulawaka gold mine in Tanzania. Tulawaka is a joint venture between Northern Mining (30 per cent ) and Pangea Goldfields (70 per cent), a wholly owned subsidiary of the project operator, Barrick Gold Corp.
The Tulawaka mine consists initially of an open-pit operation and gold-recovery plant designed to process 1,000 tonnes of ore per day. The ore processing system includes run-of-mine stockpiling, primary crushing, single-stage-semi-autogenous grinding and gravity recovery followed by carbon-in-leach gold extraction. This ore recovery process is based on proven technology, and is designed to be reliable and deliver better than 95-per-cent gold recovery. The plant design and overall project management contract is being managed by Ausenco, an Australian engineering company.
At the end of June, six months after the start of work, construction was proceeding on schedule and within budget. Site access roads are being completed, the open pit is 70-per-cent cleared and grubbed, the water storage facility is completed, the earthworks for the process plant and tailings pond are in progress, and the installation of camp facilities for the construction workers is complete. Long lead-time items for the plant have been ordered. Key mine positions are now filled. Project costs incurred to date represent $15.6-million (U.S.).
Mine development is scheduled to be completed by the end of 2004 with commercial production expected in the first quarter of 2005.
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