P6' THIS WILL TELL U WHAT HE'S BEEN DOING,BUT U DO SEEM TO IGNORE THESE REPORTS FROM PCFG. The Company's subsidiary Nevada Rae Gold, Inc. has hired a new Operations Manager to manage the daily operations at the Black Rock Canyon Mine. The new manager began work at the mine on May 8th. The Operations Manager has been employed by the Company since 2011, responsible for permitting and environmental requirements at the mine, and will now add the Operations Manager role to his duties.
The new Operations Manager has begun implementing recommendations from the previously announced engineering consulting firm on improving the mine plant water flow to provide more clean water to the plant equipment. The Company anticipates that these recommendations will improve operating hours of the plant and increase plant efficiency and gold recovery.
During the first quarter of 2012, the Company completed its search for a suitable operations manager for the mine. Poor weather that occurred in the fourth quarter of 2011 continued in the first quarter of 2012, and daily maintenance of the screen plant was not efficient. In order to correct the plant throughput and improve the gold recovery the Company worked closely with an engineering firm to perform a complete review of the water process in the plant to improve the delivery of clean water and to optimize the plant desanding process. The Company worked to purchase and install the new water equipment as recommened by the consulting engineers. The Company has implemented a new screen plant maintenance schedule and is working on a new parts inventory system in order to improve the plant operating hours.
