Goldletter Report Nothing special, but I like the mention of running 7000 TPD through the mill. It also points to this fiscal as being in line with Wardrop's schedule (so, I guess Q1 started Y1 in the schedule).
"Goldletter International 4 Special Situation – May 2012 Update
For the first three calendar quarters of 2010, a total of 4,709.37 ounces of gold were produced at the Song
Jiougou Property. Another significant milestone was accomplished in May 2011, when the new 6,000tpd was commissioned. Ore was run through the mill at an initial throughput rate of 3,000 tonnes per day and progressively moved upwards. The related tailings dam was completed and all tailings lines and water return systems were in place and in use. The commissioning of the new mill resulted in a in a significant increase in gold production during 2011.
While a total of 8,671 ounces of gold were produced in fiscal year 2011 ending September 30, over half of
that amount, 4,496 oz was produced only in the first fiscal quarter of 2012. This is a summary of quarterly
highlights released by Majestic Gold on February 23, 2012:
The gold production results during the period September 30, 2010 – December 31, 2012, were in line with the block model estimates and schedule provided by Wardrop, in the Preliminary Assessment Technical Report. During the same period, the company was producing from areas considered to be waste in the PEA Report, however, given the price of gold and the contract mining agreement, it was determined that this material can be mined and generate positive cash flows. The expectations are that once this material has been removed and either milled or stockpiled, the company will commence mining the higher-grade material situated below it.
Majestic is continuing to process the low-grade material to generate cash flows but expects to see a slow and steady increase in throughput and grade."
Goldletter Special - May 2012 Update - Majestic Gold https://t.co/AS0XY5tO
Cheers,
B