GREY:TWNNF - Post by User
Comment by
digger144on Jan 26, 2011 6:49pm
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Post# 18031704
RE: RE: Re: Buyout
RE: RE: Re: Buyout
Hey Gamblor77...
You are getting a little ahead of yourself.
Yes, they are going to erect a Processing Mill on site at the Chester Complex but it will only be a Temporary Mill with only small scale operating capabilities.
It will be constructed to only handle the underground ore from the Chester Complex which should amount to about 500 tonnes per day within the next 24 months. Their short term target is 250 tonnes per day and they will build from there over the next two years.
It is not being built to handle any ore from the Cote Lake Deposit...this is many years away!
At the moment they must ship the ore from underground at the Chester One MIne to a Private Processing Mill in Cobalt, Ontario. This is very costly but for the time being it is necessary in order for them to get a handle on what they are up against in terms of metallurgy and recovery of the gold in the ore and discovery first hand what kind of grade is actually in the ore. This is part of the plan and will move the project forward as necessary.
Round trip by hauling truck is about 700 kilometers!
They were unable to contract the Toll Milling of their ore in the Timmins Camp...no spare capacity at any of the local Mills in the region. Timmins is only about a 90 minute drive from the Chester Complex. This is precisely why they have fast tracked their plans when it comes to the onsite Mill.
Digger144