OGX 0.00% 0.3¢ orinoco gold limited

Ann: Improving Production, Placement & Leadership Restructure, page-19

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  1. 2,475 Posts.
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    G'day Orabanda - AU Spot price hit an all time AU high in spot POG after spiking up to $ 1,875.08 early today.
    when the AUD Caved in .

    Also note the wording -Regarding mining at Cascavel Gold Mine, productivity is expected to continue to improve from January / February with theaddition of an Atlas Copco ST2G underground loader to the mining fleet, which will be purchased from the Placementproceeds.


    Furthermore, the development of Mestre Level 7 continues and is now within 10 metres ofcompletion.

    Once complete, Mestre Level 7 has the potential to provide increased availability of high-grade mineralisedmaterial.

    Interesting-given the intermediate zone should also be accessible when production increases to 200 t per day, so the mentioning level 7 has some significance  .

    glah-salt

 
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