GREY:CRXEF - Post by User
Comment by
ministerfinanceon Nov 26, 2013 11:07am
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Post# 21942029
RE:RE:RE:IS IT A BIG DEAL OR NO????????????????
RE:RE:RE:IS IT A BIG DEAL OR NO????????????????The Project, located within the Shining Tree district of northeastern Ontario, will use an open pit mining method to extract a 30,000 tonne bulk sample, at a projected rate of 1,200 tonnes per day ("TPD"). Crushing and stockpiling for processing will be done onsite. All cost incurred beyond the stockpiling will be incurred by Nichromet. The modular processing plant, to be built by Nichromet and at its cost, will include grinding and flotation and is planned to operate at a rate of 300 TPD. The concentrate product will be transported to Nichromet's demonstration plant in Thetford Mines, and 100% of the gold recovered will be returned to Creso.
Operations are scheduled to begin in April of 2014, once the permitting process is completed, and are anticipated to last for approximately 8 months, during which time, site will be prepared, concentrator will be built and the bulk sample will be mined and processed.