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From: B-Haile (eritrea.lave@comhem.se)
Date: Thu Feb 10 2011 - 18:06:32 EST
Eritrea's Bisha gold-mining project advancing as planned
By: Megan Wait
11th February 2011
TEXT SIZE Canadian gold miner Nevsun says that its flagship project, in Eritrea, the Bisha venture, is progressing as planned, with commissioning and its resource expansion programme well under way.
Nevsun president Cliff Davis says the commissioning programme is on schedule and that, as the plant moves into steady-state oper- ations, the project continues to increase feed grade to the mills. "This has ensured Nevsun and its stakeholders that we are on track to being a midtier gold producer by the end of this quarter," he says.
The 2011 resource and reserve expansion programme is expected to increase mine life and enable overall expansion. This includes drilling incremental resources and increasing the classification of existing resources, which are currently predicted to produce one-million ounces of gold during the life of mine.
"In addition to achieving commercial gold production this quarter, our second significant aim for the year is to expand Bisha's reserves and resources. "Through infill drilling and updated resource models, we expect to see significant increases in our copper, gold and zinc reserves, in addition to expanding the total resource base through in-pit, step-out and satellite deposit drilling," Davis states.
The first new resource and reserve statement for Bisha is expected late this quarter, incorporating more-recent metals pricing and other updated mine plans than the previous 2006 estimates. Further, the company expects a second increase, later this year, to Bisha's resource and reserves after including hanging wall copper and the results of its infill deep drilling at Bisha Main.
Further, the programme is budgeted to enable the company to drill up to 12 000 m over three months. When this is completed, the drills will move to Bisha Main, where drilling to about 14 000 m will start, to infill-drill the Bisha Main pit resources to 450 m.
The Bisha project is a large precious and base metal-rich volcanogenic massive sulphide deposit located 150 km west of Asmara, Eritrea. Deposit mineralisation consists of gold and silver oxides, with large amounts of copper and zinc sulphides.
Edited by: Martin Zhuwakinyu
http://www.miningweekly.com/article/bisha-resource-expansion-is-on-track-2011-02-11
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