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Re: anski100 post# 11644

Tuesday, 11/15/2011 12:50:35 PM

Tuesday, November 15, 2011 12:50:35 PM

Post# of 26631
I am not disappointed , add this to your 6 month worry and be happy:

"An on/off leach pad with a capacity of 40,000 tons of ore was commissioned during the first quarter of fiscal 2012. At the same time, the Company commenced construction of a second leach pad with a capacity of 300,000 tonnes of ore. The Company estimates that the combined ore on the two leach pads will contain approximately 17,000 gold ounces by the end of the third quarter of fiscal 2012 with a planned recovery rate of 70%. Additionally, the installations of a third drum scrubber and a new horizontal Carbon-in-Column Circuit during the first quarter of 2012 are expected to significantly improve the processing of clays and increase gold absorption capacity by 80%, thereby improving gold recovery rates from the milling system as well as from the on/off leach operation.

Subsequent to the end of the first quarter of fiscal 2012, the Company initiated the procurement of a fourth ball-mill plus the corresponding two additional leach tanks and two Carbon-in-Pulp tanks, which, as from the first calendar quarter of 2012, will add 1,000 tpd processing capacity, representing approximately 2,000 additional ounces of gold recovery monthly. "




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