NEVADA – Premier Gold Mines
announced that it has started processing ore from the El Niño mine located at the company’s 40%-owned South Arturo property in Nevada.
South Arturo is in the Carlin Trend, approximately 40 km northwest of the town of Carlin, and is a joint venture between Premier and Nevada Gold Mines
, a joint venture company owned by Barrick Gold
and Newmont Goldcorp
with Barrick as operator.
El Niño, on the other hand, is a high grade underground deposit situated down plunge of the phase two pit, where mining was concluded in 2017.
Premier suggested that since ore is being processed ahead of schedule and considering that a first gold bar was poured on Sept. 26, 2019, production at El Niño is expected to ramp up before the end of 2019.
“Premier attributable gold production is estimated to meet the high end of guidance for the year and the company expects that, owing to the high grade ore at El Niño, South Arturo will have a positive effect on cash flow,” the Thunder Bay-based company said in a media statement.
South Arturo’s pre-commercial production estimate for 2019 has been calculated between 5,000 and 10,000 oz. of gold.
This story originally appeared on www.Mining.com.