ALASKA - ST ANDREW GOLDFIELDS of Oakville, Ontario, has begun commissioning the gold plant at its Nixon Fork mine. The commissioning should be complete by the end of November 2006, at which time the mill will begin treating underground ore at a rate of 135 t/d.
During the five years it operated, the Nixon Fork mine produced 137,750 oz of gold. The mine was mothballed in 1999 and acquired by St Andrew in 2003.
The mine may be small, but it is rich, with proven reserves of 47,000 tonnes grading 34.05 g/t Au. The probable reserve is 137,500 tonnes at 18.6 g/t Au. Gold contained in reserves is 133,730 oz. Another 1.6 million oz are believed to be in the measured, indicated and inferred categories.
St Andrew aims to produce 40,000 oz of gold during 2007 from its Nixon Fork property. The company spent approximately Cdn$10 million to reopen the property (in roughly even amounts) to upgrade the mill and power plant, rehabilitate and equip the underground mine, and post reclamation bonds.
More information is available by writing to info@StAndrewGoldfields.com.
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