RE:RE:RE:RE:EXN.WT started tradingV-104: RE: Water problems..
"all areas of the mine are currently dry"..The production report covers this...see below:
Update on Optimization Plan
As announced on June 2nd and November 2nd, 2015, the Company has developed an optimization plan to comprehensively manage water at Platosa through an enhanced pumping system. The Company is currently implementing the second and third phases of the program, with the drilling of primary dewatering wells and installation of submersible pumps. Additionally, the Company has further optimized its existing pump infrastructure, which demonstrated exceptional results during the second quarter. Effectively all areas of the mine are currently dry, with operations only being limited by potential water inflows and pressure in the deepest areas of the mine (the production headings in Guadalupe South and development headings into the 623 Manto), and conditions in those areas are expected to improve as drawdown continues. Pumping rates (primarily from existing infrastructure) during June 2016 averaged approximately 15,900 gallons per minute, resulting in a drawdown of approximately 1.5metres during the month, approximately 30% higher than predicted in the conservative drawdown model on which the optimization plan is based. More generally, the drawdown rate throughout 2016 has exceeded the expected drawdown at various pumping rates. Drawdown rates are expected to fluctuate from period to period, but the higher than expected drawdown at consistently higher pumping rates is a promising indicator of the project's upside efficacy.
All equipment required to equip the first eight dewatering wells is expected to be on site by the end of August. Three dewatering wells have been drilled to date. The initial drilling contractor was replaced in the second quarter to improve drilling performance and drilling has now resumed. Temporary, high head pumps have been installed to draw water from the initial wells prior to installation of the permanent pumping system, with further opportunities to optimize this interim system under implementation. Further updates on the progress of this program will be provided regularly during the implementation period.