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Re: B402 post# 8483

Wednesday, 05/09/2012 5:07:01 PM

Wednesday, May 09, 2012 5:07:01 PM

Post# of 31338
B402...My link was just showing that the Govt.provided money for extending electricity to their work site...in 2008 (fact) That's all. Please don't spin it. Kat Summary says it was recently completed. See below.

he Ekom Eya Cooperative Small Scale Miners at Bibiani in the Western Region, have received a loan facility at GH¢2.2million from the government.

The amount is to enable the miners extend electricity supply to their working site to off-set huge costs incurred through the use of diesel generators and purchase needed equipment.

They had earlier obtained a 24.79 acre land acceded by Anglogold Ashanti through the intervention of the government.

This is the first time in the history of the country that small scale or artisinal miners have received such assistance from the government.

In an interview with Public …

http://www.accessmylibrary.com/article-1G1-189590954/gh2-2million-life-line.html



From the KAT Summary April 2012 http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf

The balance of the resource estimate of 1,380,887 tons @ 6.0g/t represents a potential 266,380 ozs. This can best be accessed by an open pit operation. Thereafter, underground development and mining could be undertaken to access the deeper unexplored ore body. Favourable topography and the virtual absence of overburden over much of the permit is a key benefit in assessing the approach to the workings as well as minimising extraction costs. The national electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township (about 7km), a district capital with good infrastructure and social amenities, are all additional advantages for a future mine site.




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