From: Biniam Tekle (biniamt@dehai.org)
Date: Mon May 17 2010 - 07:25:23 EDT
http://www.miningweekly.com/article/chalice-to-complete-eritrea-gold-study-in-july-2010-05-17
Chalice to complete Eritrea gold study in July
By: Esmarie Swanepoel
17th May 2010
Updated 3 hours ago
<javascript: void(0);> <javascript: void(0);> PERTH (miningweekly.com) –
East-Africa focused gold developer Chalice Gold Mines on Monday reported
that its feasibility study for the Koka gold deposit, in Eritrea, found that
owner mining would significantly reduce the life-of-mine operating costs.
The ASX-listed company said in a statement that the feasibility study has
found that the operating costs could be further reduced by a simplified
plant design, which would incorporate a single-stage crushing facility,
followed by a single-stage semi-autogenous grinding mill, with recoveries of
95% and low reagent consumption.
The feasibility study remained on track to be complete in July.
Chalice plans to start production at the Koka deposit in 2011.
The feasibility study follows the completion of the scoping study, in
October last year. As part of the scoping study, the terms of reference for
the social and environmental impact assessment was developed for the Koka
deposit, and submitted to the Eritrean government for feedback as part of an
iterative process for the completion of both the feasibility study and the
social and environmental impact assessment, leading to the approval of a
mining licence and project approval.
The Koka deposit forms part of the Zara gold project, and has an estimated
total mineral reserve of 5,04-million tons, at 5,8 g/t gold, for a contained
mineral reserve of 944 000 oz.
Edited by: Mariaan Webb
----[This List to be used for Eritrea Related News Only]----