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Inca One Gold's Processing Increases 153 Percent in November
Inca One Gold (TSXV:IO) has provided an update on its operations from its wholly owned subsidiary, Chaia One SAC. As quoted in the press release: The Company’s 90 day ramp-up has now passed its second phase and is well into its third and final phase. Through the month of November 2016, Chala One processed 2,217 …
Inca One Gold (TSXV:IO) has provided an update on its operations from its wholly owned subsidiary, Chaia One SAC.
As quoted in the press release:
The Company’s 90 day ramp-up has now passed its second phase and is well into its third and final phase. Through the month of November 2016, Chala One processed 2,217 tonnes of gold bearing material as compared to the previous nine-month average of 875 tonnes per month (from January 1 through September 30, 2016), an increase of 153%. When compared to the prior month of October, where Chala One processed 1,467 tonnes of material, the increase represents a 51% change month over month.
The Company’s controlled increase in production brought the daily average throughput up to 74 tonnes per day (“TPD“) in November, a substantial increase over the previous nine-month average of 29 TPD, and an increase of 57% over the prior month of October. Chala One anticipates higher sustained throughput levels in the next and final ramp-up phase. Gold production during November reached 1,073 ounces of gold, an increase of 157% as compared to the prior nine-month average of 417 ounces per month, an increase of 66% November over October.
Mineral supply also continued with daily deliveries to Chala One through November helping to maintain a healthy stockpile of mineral for processing. The material purchasing program for November reached 1970 tonnes. This is an increase of 84% compared to the prior nine-month average of 1,071 tonnes per month.
Grades of material purchased in November have also climbed slightly as Chala One progressed through this second ramp-up phase. As previously reported onNovember 21, 2016, lower grade mill feed was sourced to manage production and gold recovery risk and has proven to be a sound strategy on route to higher throughput levels.
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