Information  X 
Enter a valid email address

Eurasia Mining provides update on West Kytlim mine

By BFN News | 07:20 AM | Wednesday 27 July, 2016


Eurasia Mining provided an update on developments at its West Kytlim platinum and gold mine. As reported on 21 June 2016, machinery and personnel from both Eurasia and its contractor SK Region-Stroy (SKRS) are working at the site building necessary infrastructure and preparing open pits for mining. Work remains on schedule with the first black sand platinum and gold bearing concentrates planned for shipment for refining by mid-August 2016. HIGHLIGHTS - Machinery including two excavators, two bulldozers, three dump trucks and one loader are being operated on a shift rota; - Water pond to manage processing water now fully excavated; - Work is continuing on a trench to protect the open pit from water ingress; - Southern end of tailings dump retaining wall now complete, work continues at the northern end; - Some washplant components including conveyer belts and parts of the sluices have arrived, other components due; - Construction commenced on the field laboratory which will upgrade concentrates ahead of shipping for refining. FURTHER DETAIL Excellent progress has been made by the team onsite at the West Kytlim project in the five weeks since commencing the operation. The preparatory work necessary to organise a safe, effective and environmentally sound work site to mine an alluvial orebody is now well advanced. As described previously, the current phase of operations is a start-up operation utilising diesel powered machinery to produce near and at surface ore bodies in the area known as Malaya Sosnovka. Significant capital expansion to include draglines operating on mains grid power is planned for year 2 and for the projected ten-year life of mine. Once preparatory work has been completed the focus will immediately shift to production from the five defined reserve blocks in the Malaya Sosnovka area. Critical elements of the washplant have arrived to site ahead of time while other longer lead time parts are now due. The washplant when constructed will have sufficient capacity to fulfil the 2016 mining schedule. A second washplant owned by Eurasia is being refurbished and can be used to process a small volume of metal bearing gravels before the main washplant is installed. Story provided by StockMarketWire.com

a d v e r t i s e m e n t