CGN 0.00% 0.0¢ crater gold mining limited

Ann: Crater Mountain Gold Mining Project Update, page-5

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  1. 25,983 Posts.
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    Gold output is expected to re-commence in November and is anticipated to increase monthly
    into 2019. To achieve this, another sub-level at 1950m RL is planned, together with new levels
    below 1930m RL. This will allow production from a number of main vein locations at any one
    time and also provide access to additional zones of narrow cross cutting veins. Upgrading of
    the processing plant to accommodate increased production is in progress.
    Further investment has been made in machinery aimed at improving the efficiency of mining
    and increasing the plant throughput rate by 100 % while also increasing the gold recovery rate
    by up to 10%. The equipment is currently in Customs awaiting clearance.
    Gold sales are due to re-commence in the coming weeks.

    Who would be silly enough to sell now??
 
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