Canadian Mining Journal

News

GOLD: First pour at Goldsource’s Eagle Mountain



GUYANA – Goldsource Mines of Vancouver has poured its first gold at the Eagle Mountain gold mine 230 km southwest of Georgetown. Commercial production is expected in Q2 2016 when the project reaches 80% of nameplate capacity.

Phase one of the project involved development of an open pit mine and 1,000-t/d gravity circuit. Throughput is to be ramped up to 3,000 to 4,000 t/d by year four. The project is supported by saprolite resources totaling 1.59 million indicated tonnes at 1.45 g/t Au and 7.20 million inferred tonnes grading 1.32 g/t Au. Approximately 168,700 oz of gold will be recovered from the gravity circuit.

Eagle Mountain also has what Goldsource calls “fresh rock” resources that total 2.33 million indicated tonnes at 1.52 g/t and 13.43 million inferred tonnes at 1.13 g/t Au. Goldsource says this provides ample opportunity to expand the project over time.

More information is posted at www.GoldsourceMines.com.