GREY:LRTNF - Post by User
Comment by
WallaceWilliamon Feb 06, 2019 12:28pm
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Post# 29326774
RE:Significant Increase in Mineral Resources at the Madsen Gold
RE:Significant Increase in Mineral Resources at the Madsen Gold Once the feasibility comes out later this month and a production decision is made, Labrenz thinks that the project could move into construction fairly quickly, given existing permits and low capital costs.
“We think the build would be fairly short so sometime in 2020 you could conceivably see the mill turning.”
Pure Gold’s 47-sq-km patented land position hosts two past-producing mines, including the Madsen mine. The two mines produced about 2.5 million ounces of gold over an operating history of 36 years.
The project has power, paved highway access, a 1,275-metre-deep shaft and headframe, 27 levels of underground workings, a portal and ramp, and a mill and tailings facility. An existing environmental compliance approval allows for the operation of a 1,089-tonne-per-day mill and processing plant