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Wednesday February 4, 2015 12:03 PM
Lundin Gold Inc. (TSX:LUG)(ST:LUG) announced it has assembled an engineering team to begin the feasibility study for its Fruta del Norte project, located in Ecuador. “Along with the company's project management and its team of engineers, Lundin Gold has retained a group of leading engineering firms with extensive gold experience, in particular within tropical climates, and some with previous experience on the Fruta del Norte project itself,” the company says. “The purpose of the study is to establish the best economic options for the development of Fruta del Norte into a large scale, low cost underground gold mining operation.” The company purchased Fruta del Norte from Kinross Gold Corp. (TSX:K)(NYSE:KGC) in mid-October for US$240 million in cash and stock.
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