Sandstorm Gold Ltd T.SSL

Alternate Symbol(s): SAND

Metals & Mining Gold

Sandstorm Gold Ltd. is a Canada-based precious metals-focused streaming and royalty company. The Company is focused on acquiring royalties and gold and other metals. The Company holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Its segments include Antamina, Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Fruta del Norte, Hounde, Mercedes, Vale Royalties, and others. Antamina open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers (km) north of Lima. Aurizona mine is in Brazil. The Blyvoor gold mine is located on the Witwatersrand gold belt, South Africa. The Bonikro gold mine is located in Cote d’Ivoire. Caserones open pit mine is in the Atacama region of Chile. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Mercedes gold-silver mine in Sonora, Mexico. Black Fox mine and Froome mine are located in Ontario, Canada.

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Sandstorm Gold Ltd

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Post by thasison Sep 23, 2013 4:53pm

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Post# 21761120

Colossus Minerals Provides Development Update

The Company is on track with its dewatering program expansion. As of September 17, 2013, six of the originally planned ten wells are pumping and total dewatering output is approximately 800 m³ per hour. Currently, total output exceeds the recharge rate by approximately 75% and total output is expected to reach approximately 1,500 m³ per hour by December 2013.
Underground development has progressed according to the plan detailed in the Company's July 15, 2013 press release. In August, the Company advanced on four separate development faces achieving advance in the main decline, ventilation access drift, the north access and a permanent pumping station. The Company achieved 85 metres of development in August over 24 days resulting in an advance rate in excess of 3.5 metres per day. According to plan, the Company stopped development for a period of 7 days to complete the first phase of the ventilation system expansion.
The Company plans to continue the decline development to have multiple access drives ready for mining in 2014. Five access drives will be developed to commence feeding the process plant late in the fourth quarter of 2013. Commissioning of individual unit operations commenced in August and will continue throughout September and early into the fourth quarter.

https://www.colossusminerals.com/media/Press-Releases/Press-Release-Details/2013/Colossus-Minerals-Provides-Development-Update-9232013/default.aspx

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