During this time, all developed ore
is expected to be mined out and processed to produce up to 240K-oz Au at an average cash cost of $237/oz.
The works to be completed will increase the developed ore
inventory to 50,000 tonnes by the end of the year, compared with 15,000 tonnes at the end of June 2005, and will maintain an appropriate level of production.
, when the mine closed in 1991 -- as shown on production plans, and that is immediately mineable above the 11th level (where the water level is being maintained)--is 1.
Jerritt Canyon's technical staff has focused recently on optimizing mine design to decrease required development footage while maximizing incremental additions to developed ore
The work to be completed will allow an increase in the developed ore
inventory to 50,000 tonnes by the end of the year, compared with 25,000 tonnes currently, and will support the maintenance of an adequate rate of production.
Through 2004 we made significant progress in preparing more mining areas and we now have an ever-increasing inventory of developed ore
During the second quarter, High River and Kinross Gold Corporation (the mine operator) announced that they had suspended underground development at the mine and that the mine would continue to produce until approximately the end of the third quarter using the developed ore
It has sometimes been difficult during this period to keep developed and defined ore ahead of us ready for extraction, but we are now in a position to establish and maintain an inventory of developed ore
The mine will continue to produce until approximately the end of the third quarter using the developed ore
Production is expected to average 24,000 tons per month through September, dropping to 16,000 tons in October and November as the currently developed ore
reserves are 4,500 tonnes and probable ore reserves are 7,000 tonnes for a total of 11,500 tonnes grading 3.
Drill intercepts mostly represent vertical or lateral continuations of the developed ore
bodies as well as previously undiscovered parallel ore zones.