TSX:LSG.DB - Post by User
Comment by
idlefreebirdon Dec 03, 2012 9:30pm
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Post# 20678233
RE: 100,000 moving to 200,000 oz
RE: 100,000 moving to 200,000 oz Goldhappy , yes 5500 tpd is in the near future, like back end of 2014 are starting of 2015 . Tony did mention and was strong about it, that starting 2014 the 3,000 tpd capacity will come from Timmins West only and that would be a 50/50 split from Timmins West mine and Thunder Creek . That said they are developing Bell Creek and are ahead with 500 tpd compared to forcasted 320 tpd. Therefore Bell Creek will come out with a new update to it's 646,400 onces M&I and 953,600 onces infered resource.They drilled 21,000 m from 535 diamond drill drift withch will add onces and turn infered into M&I by 1st quarter in the new year and they will set up by year end the 610 diamond drill drift to drill to the 1000 m level witch will by mid summer give one heck of a resource for Bell Creek right under the mill . They will also be doing some developing at Bell Creek in the mean time and will be able to mine a good resource . Will it be the additional 2500 tpd for 2014 only time will tell but there is an easy 150,000 onces a year there at Bell Creek for a 10 year mine life . Therefore 150,000 plus 150,000 = 300,000 onces a year . This could be the new, for even 2014 but Tony isn't telling and thank god as don't do any overpromissing . Time will tell . GLTAL sitting here on the buy button.