We believe that President Correa's strong support"Our goal in development planning is to take FDN into production as quickly as possible," says Patrick F.N. Anderson, president and chief executive officer. "In our weekly discussions with the Ministry of Mines and Petroleum, we are making good progress on another important component of our development plan -- a stability agreement for FDN. We anticipate finalizing the agreement by March or April, with the government having complementary new mining laws in place in Ecuador shortly thereafter. We believe that President Correa's strong support for responsible mining will carry the day."
Aurelian hires Redpath JV for construction planning
2008-02-14 09:17 MT - News Release
Mr. Patrick Anderson reports
AURELIAN UPDATE ON FDN SCOPING STUDY; ENGAGES REDPATH AND CARTELLONE FOR MINE CONSTRUCTION PLANNING
Aurelian Resources Inc. is in the process of generating an NI 43-101-compliant scoping study of its Fruta del Norte (FDN) gold-silver deposit. This study will provide a conceptual level assessment of mining methods, throughput, ore handling, process plant design, tailings and waste rock, power, and related infrastructure for the fast-track development of FDN. Aurelian is also pleased to announce that a joint venture between the Redpath Group and Jose Cartellone Construcciones Civiles SA is the latest addition to its team. The Redpath/Cartellone joint venture will support the study by providing construction planning and estimating support for mine development.
"We're delighted to count on a first-rate team that now includes Redpath and Cartellone, who bring international mining experience together with a solid track record of major projects in Ecuador," says George Bee, chief operating officer. "We expect to release details of the scoping study by the middle of this year, including a preliminary estimate of capital and operating costs. We believe that we are cultivating a relationship that will bring first-class expertise to the development of FDN, one of the most significant undeveloped gold resources in the world and an asset of national importance to Ecuador."
"Our goal in development planning is to take FDN into production as quickly as possible," says Patrick F.N. Anderson, president and chief executive officer. "In our weekly discussions with the Ministry of Mines and Petroleum, we are making good progress on another important component of our development plan -- a stability agreement for FDN. We anticipate finalizing the agreement by March or April, with the government having complementary new mining laws in place in Ecuador shortly thereafter. We believe that President Correa's strong support for responsible mining will carry the day."
In addition to Redpath and Cartellone, Aurelian has a number of other consultants working on various aspects of development planning, including:
- Micon International Ltd. -- assembly, oversight and review of the various contributions to the study;
- P&E Mining Consultants Inc. -- mine design and production planning;
- Golder Associates -- environmental, tailings and paste backfill;
- Alquimia SA -- plant and surface facility design;
- Jawmetc -- metallurgy, flowsheet and process design;
- Ingetec S.A. -- power supply alternatives and renewable energy.
We seek Safe Harbor.