PINL:VLTAF - Post by User
Post by
gold_diggers1on Aug 22, 2013 12:55am
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Post# 21688551
When can one expect....
When can one expect....From the MD&A page 1..... when can one expect an improved approach of a BFS to be announced......
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On July 12, 2013, the Company announced it is suspending its current approach to the Feasibility Study underway at its flagship Kiaka Gold Project in Burkina Faso, owing to current market conditions and lower gold prices. The focus on Kiaka will now center on the viability of developing the project utilizing a lower risk smaller scale mining plan which will result in a higher grade of ore processed and reduced capital expenditures. Consequently, the Company will be reviewing existing data collected to date from the current Feasibility Study in order to internally assess this and other options. The Kiaka Gold Project lends itself to be selectively mined and processed because of the presence of clearly defined higher grade zones that exhibit excellent continuity within the broad zone of mineralization. In addition, implementation of this approach will allow the Company to retain the option of scaling up production capacity in the future should market conditions improve. .