MEXICO Vancouver-based NEVADA PACIFIC GOLD has completed the purchase of the Magistral gold mine in Sinaloa State and provided details from the operation. The mine has a projected annual output of 35,000 oz of gold at a cash cost of US$250/oz.
The new owner is now aiming to increase efficiency, lower operating costs, and increase gold and silver production. To accomplish these goals, Nevada Pacific is working on five improvements. The leach pad is being restacked to allow the addition of lime to improve pH control. The secondary crusher will be reinstalled after an overhaul as will a larger screening plant. Additional carbon columns and other modifications have increased plant capacity to 275 m/hr of solution. Consideration is being given to enlarging the fleet of mining equipment to boost the yearly rate to 7.0 million tonnes from 4.7 million tonnes. And, finally, the reserves and resources will be recalculated for a range of gold prices.
Nevada Pacific has also identified several exploration targets with high potential in the immediate area of the mine. Information about them and other aspects of the Magistral mine are available at www.NevadaPacificGold.com.