BRAZIL – The Amapari mine belonging to Vancouver’s GOLDCORP (www.Goldcorp.com) poured its first 10-kg gold bar on Sept. 23. The heap leach project is located in the Brazilian state of Amapa. The project will reach commercial production by the end of this year, at which time Goldcorp expects to have recovered 50,000 oz of gold.
The Amapari mine is scheduled to produce over 180,000 oz in 2006 at a cash cost of US$160/oz. The deposit contains total resources of 31.1 million tonnes at 2.80 g/t Au. Of the total, 16.8 million tonnes are oxide resources at 2.05 g/t and 14.3 million tonnes are sulphide resources at 3.69 g/t. The oxide portion of the ore is suitable for heap leaching, and an underground mine would be developed to recover the sulphide ore.