As part of our ‘Back to Basics’ approach we will send 10 tonnes of Intermediate ore to a nearby 3rd party mill and CIL plant this month. Another 10 tonnes of our high-grade tailings which we reported on 1 February 2018 titled Orinoco Confirms Outstanding Grades of Gold in Tailings averaging 9.27 g/t will also be sent in a separate batch.
Over 99% of gold mines in the world use cyanide in their back end, so it would not be a surprise us if we may also need to. Whatever the tests deliver, we are confident our current mill configuration will show a much higher performance in August compared to the last two quarters monthly run rate. It should also not hamper our milestone production targets of 1,000, 1,500 and 2,000 ounces per month, but will certainly give us a better understanding of the true grade of Cascavel and how much has been sent to the tailings. For Friday 27th and Monday 30th July 2018 the mills produced 100-110 ounces of gold doré and gold in concentrate which is a positive breakthrough.
We might get an update today or tomorrow saying the samples have just been sent off?
OGX Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
