BOLIVIA Construction of the Don Mario gold project in eastern Bolivia is on budget and schedule, reports ORVANA MINERALS.
Construction of 93.5 metres of the production shaft and 808 metres in drifts, crosscuts and raises has been completed. The main hoist for the mine has arrived and will be installed after foundations are completed, probably this month. Other ancillary pieces of equipment required to begin mining have also been delivered to the Don Mario site.
The foundations are complete for the processing plant, power generating plant, workshop and warehouse. The power generating plant and compressor plant are ready to be commissioned. Orvana anticipates that the plant will be ready for start up and commissioning at the end of March. Approximately 67,000 tons of ore are stockpiled on surface and available for processing.
Construction of the freshwater reservoir and the lined tailings dam are complete and both are being used currently to collect rainwater during March and April. However, if a sufficient amount of water is not accumulated, the plant may not be able to operate at full capacity or may be able to do so only on an intermittent basis.
At present, 199 employees as well as 219 contractor employees, are working on the project. The estimated capital expenditure budget for the implementation of the Don Mario project is US$18.0 million, of which US$15.5 million has been expended to date. No overruns are expected at this time in the implementation of the project.
For more information about the Don Mario development contact Orvana director George Hamilton at 905-822-1463.