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Luna Gold (TSX:LGC) reported that it has begun suspending mine operations at its Aurizona gold mine. The company also noted that the existing mineral reserve for the mine, effective January 29 2013, is no longer considered current, and the company will focus on developing a new technical report for the project in coming months.
Luna Gold (TSX:LGC) reported that it has begun suspending mine operations at its Aurizona gold mine. The company also noted that the existing mineral reserve for the mine, effective January 29 2013, is no longer considered current, and the company will focus on developing a new technical report for the project in coming months.
On completion of mining operations, the ore stockpile will have approximately 470,000 tonnes of mixed soft and hard saprolite ore with an average head grade of 1.12 grams per tonne and 390,000 tonnes of transitional ore with an average head grade of 1.06 grams per tonne. The ore will initially be blended at a ratio of 80% mixed saprolite ore to 20% transitional ore for feeding to the plant. The Company expects to process approximately 860,000 tonnes of ore grading approximately 1.10 grams per tonne over the next five months.