MEXICO - Vancouver-based GOLDCORP announced this week that it had completed the feasibility study for its Los Filos gold project. Then in the same press release the company said that it is conducting further studies of a project that would combine Los Filos with the Bermejal deposit, which it purchased at the end of March. The feasibility study combining the two deposits is expected to be completed in the 4th quarter of 2005.
The Los Filos deposit will be developed as an open pit heap leach operation, with two different methods of ore processing. High-grade materials will be crushed to 3/4" and agglomerated before being conveyor stacked and heap leached. Low-grade material will be truck hauled from the pit to the pad and run-of-mine heap leached. The recovered solution will be treated to produce a final dor product on site.
Construction has begun on some of the primary infrastructure, and this work will be utilized in the mining of the combined deposits. Metallurgical testing for Bermejal together with geotechnical testing and design work for the revised and now centrally located heap leach pad will be carried out in the months ahead. With these delays, gold production is now expected to commence in late 2006.
A brochure and presentation about the Los Filos development can be read at www.Goldcorp.com.
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