Gold

Allied Nevada Gold Corp. (TSX:ANV,NYSEMKT:ANV) released a summary of the results of its Hycroft mill expansion feasibility study.

Allied Nevada Gold Corp. (TSX:ANV,NYSEMKT:ANV) released a summary of the results of its Hycroft mill expansion feasibility study. Like the prefeasibility study put out by the company in May, this new study assumes a two-phase construction plan for the expansion.

As quoted in the press release:

The feasibility study is based on a nominal 120,000 ton per day (‘tpd’) mill for oxide, transition and sulfide ore and the associated heap leach for lower grade oxide and transition ore as presented in the prefeasibility study in May 2014. The mill is designed and scheduled to be constructed in two phases of 60,000 tpd each. Throughput varies based on ore hardness. The mill flow sheet components include crushing, grinding, flotation, concentrate regrind, concentrate oxidation and leaching, tails leaching, Merrill-Crowe extraction and refining. Our projections are based on detailed engineering, which we expect to begin in early 2015, and construction of Phase 1 anticipated commencing in the second quarter of 2015, subject to our ability to secure the necessary financing. Phase 1 is scheduled to be completed within 24 months, which would result in commissioning in the second quarter of 2017. The feasibility study projects commissioning of Phase 2 to be at the end of the second quarter of 2018, 12 months following completion of Phase 1.

Click here to read the full Allied Nevada Gold Corp. (TSX:ANV,NYSEMKT:ANV) press release.

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