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Glen Eagle Reports 300 Percent Increase in Throughput at Its Gold Processing Plant
Feb. 21, 2018 08:53AM PST
Gold InvestingGlen Eagle Resources (TSX VENTURE:GER) (“Glen Eagle” or the “Company”) is pleased to announce that Cobra Oro’s operations in Honduras are running better than anticipated following its expansion program, which involved important readjustments for milling and rebalancing of its metallurgical circuit. The modifications were completed successfully and ahead of schedule as they were expected to …
Glen Eagle Resources (TSX VENTURE:GER) (“Glen Eagle” or the “Company”) is pleased to announce that Cobra Oro’s operations in Honduras are running better than anticipated following its expansion program, which involved important readjustments for milling and rebalancing of its metallurgical circuit. The modifications were completed successfully and ahead of schedule as they were expected to be fully integrated by the end of March.
In most recent days, Cobra Oro has increased throughput 300% by processing approximately 60 tonnes per day. The Company remains confident to see daily throughput at 80 tonnes by early March. Average net grade after paying its providers comes at approximately 7 grams of gold per tonne.
Total throughput could exceed 150 tonnes per day with the addition of one more thickener. The Company has already ordered the equipment and is looking for more sources of mineral to reach optimum capacity by the end of next quarter.