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True Gold Mining Inc. (TSXV:TGM) announced that it’s started mining at the Goulagou II (GGII) deposit at its Burkina Faso-based Karma gold mine.
True Gold Mining Inc. (TSXV:TGM) announced that it’s started mining at the Goulagou II (GGII) deposit at its Burkina Faso-based Karma gold mine. The deposit is one of six that will be mined over a period of 11.5 years.
First gold production is set for the first quarter of 2016.
As quoted in the press release:
Open pit mining and grade control drilling have begun at GGII. The mine fleet has been deployed to GGII after completing significant excavation of bulk earthworks at the mine’s processing and storage ponds. Operators of the mining equipment are experienced from the excavation of the processing and storage ponds, and are now trained and ready for production work.
Excavation of Cells 1, 2 and 3 of the heap leach pad is substantially complete. At Cell 2, herring bone underdrains are complete and installation of lining has commenced.
Christian Milau, president and CEO of True Gold, commented:
As we transition into gold production over the next few months, our team is increasingly focused on operational readiness. Karma will produce approximately 120,000 ounces of gold per year during our first five years at the lowest quartile of cash costs, laying the foundation for True Gold to become a mid-tier producer.
Click here to read the full True Gold Mining Inc. (TSXV:TGM) press release.