Gowest 1500 TPD milling in Timmins Too bad it is refractory ore... Can't process that at the Bell Creek Mill.
They would have spent at least $160 million for a mill processing 1500 TPD.
Is there any other ore that isn't refactory that needs about 2000 TPD?
Yes. The Borden gold ore fits perfectly! Time to update the mill to 5500 TPD.
Just like magic. They release the mill update news...
I am with goldHappy. They should have announced this on the conf. call.
Why didn't they? Got any answers?
From the Gowest website.
Gowest also has a non-binding letter of intent with Glencore Xstrata to mill the Bradshaw ore on a custom basis at its Kidd facility, also in Timmins.
The decision to use third party processing rather than build its own plant is saving Gowest a considerable amount in preproduction costs. The project with an annual output of 94,000 oz is expected to cost approximately $60 million, a savings of at least $100 million over the cost of building a new mill and refinery.
Gowest has developed a timeline indicating that gold production from the Bradshaw deposit could begin in Q3 2015. The deposit includes 6.0 million indicated tonnes grading 4.9 g/t Au and containing 945,500 oz of gold. The inferred resource is 3.7 million tonnes grading 4.2 g/t Au and containing 536,800 oz of gold. An underground mine producing roughly 1,500 tonnes of ore daily is likely.