Mara Rosa Plans To Start Construction Of The Plant In 2016On the website of the city of Mara Rosa and translated by Google translation from Portuguese to English
Mara Rosa Plans To Start Construction Of The Plant In 2016
With the forecast to get the preliminary license for installation of the project by the end of the year, the Canadian Amarillo Gold expects to start construction of the project Mara Rosa, located in the municipality of the same name, in Gois, in the third quarter of 2016. With the new unit, involving $ 180 million investment, the company plans to sell gold from 2018. "The Amarillo Gold aims to be the leading junior company exploration and gold mining in Brazil. Company leaders are focused on business sustainability and socio-economic development of Mara Rosa, "says Aaron Portugal, Strategy Director of Amarillo Gold. According to the directors of the company, the project suffered some delays due to new rules in the environmental area entered into force in 2012 in the state of Gois. In addition, the recent depreciation of gold prices were bottlenecks for faster deployment for the unit. "The company has been in Brazil since 2005. The mining enterprises have many steps, ranging mineral research for commercial production. We have made every effort to make the project Mara Rosa is implemented consistently in order to generate value for shareholders, as well as jobs and income to the population, "Portugal said - the mine life is estimated at seven years, a period that can be extended with the continuity of the geological survey. It is expected that the construction phase is generated 830 direct jobs and 2000 indirect jobs. The operation phase is expected to create 400 direct jobs and 1600 indirect jobs. In order to stimulate economic growth in the city and region, the junior company will prioritize the hiring of local labor and suppliers. For this, the company has supported the provision of technical courses in the city and implement a Supplier Development Program (PDF). The company's main projects are Mara Rosa and Lavras do Sul, Rio Grande do Sul. The deposit Possession, in Mara Rosa contains 1.1749 million ounces of gold measured and indicated, 20.85 contained in TM to 1.75 g / t Au, and 156,400 inferred ounces of gold TM of 3.63 to 1.38 g / t Au ( 0.5g / t cut-off grade resources within the 43-101 NI parameter as determined independently by the Australian Field Exploration Services Pty., AEFS). The project received a positive economic assessment of a pre-feasibility study and is currently being prepared a feasibility study in banking terms. The Posse deposit was discovered by an employee of BHP Billiton after performing drilling in a mined area by local prospectors. In 1988, BHP Billiton obtained a license to explore the area and is committed to small-scale activities, in partnership with Western Mining Company. In 1992, the property was sold to Western Mining, which in turn, operated a mine from 1992 to 1995. The Posse deposit is located in an area with good infrastructure: approximately 35 km from the copper operation and gold open Chapada, Yamana, about 80 km from the Pilar gold project, Yamana (feasibility phase), 95 km from Niquelndia nickel laterite mine, Votorantim, 105 km NE of the underground mine gold Serra Grande and 105 km of nickel laterite project Barro Alto, Anglo American. In total, an estimated 80,000 ounces of gold were extracted from Posse. Of this volume, about 31,000 oz by Western in the early 90s, using the process of heap leaching for a 600 t / day capacity plant (the areas already explored are excluded from the figures presented by the Amarillo). The Lavras project South is a property in the advanced exploration stage (190 km2) comprising more than 19 historic gold mining, with encouraging gold mineralization already discovered and defined by more than 16 000 m of drilling. The estimated initial resources in the mining of Buti reported 215,000 ounces of gold indicated from 6.4 mt to 1.05 g / t and 308,000 ounces of gold inferred from 12.9 mt to 0.74 g / t using a cut-off grade 0.3 g / t as a resource to NI 43-101 parameters as determined independently by Atticus Consulting in 2010. source: https://www.minerios.com.br/Publicacoes/1905/mararosaplanejainiciarconstrucaodaunidadeem2016.aspx