ONTARIO – Toronto-based Orefinders Resources
has signed a contract with IamGold Corp
. to process material from the Mirado project. The ore will be treated at the Westwood mill.
The stockpiled material was removed from the open pit while the Mirado gold mine was in production during the 1980s. Phase one of the contract calls for 25,000 tonnes of material to be crushed at the mine and trucked to the mill. Batch milling will take place over 15 days, without the presence of ore belonging to IamGold. A doré bar will be poured and sold to IamGold’s contracted refinery. Orefinders will open an account with the refinery and receive a cash payment for the amount of gold in the doré.
Orefinders has estimated the stockpiled Mirado ore to be 20,742 inferred tonnes with a grade of 4.41 g/t Au for 2,939 contained oz of gold.
Details about the Mirado project are available at www.Orefinders.ca