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MEI Online: Commodities: Metallic Ores: Gold: Latest News: March 11th 2016

 
 

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:: Goldsource Announces First Gold Pour at Eagle

 

Goldsource Mines Inc. is pleased to announce that on March 6, 2016, it successfully completed its first gold pour at its Eagle Mountain Gold Mine located in Guyana, South America. Commercial production is anticipated in the second quarter of 2016, which requires achieving 80% of nameplate capacity (1,000 tonnes per day). Tailings are being retained as inventory for future reprocessing. Phase I calls for a 1,000 tonnes per day open pit - gravity plant with post-commissioning and ramp up cash operating costs of US$500 to US$600 per ounce of gold. Please refer to the Company’s website at www.goldsourcemines.com and Company filings on www.sedar.com for further information.

Yannis Tsitos, President, commented, “Our first gold pour is an extraordinary and historic milestone for Goldsource. This important achievement was only possible through the dedicated and experienced construction, mining and processing teams and management in both Guyana and Canada. Our immediate focus over the next several months will be to ramp up production to the designed nameplate capacity and to demonstrate that the economic viability outlined in the PEA (effective date June 15, 2014) is achievable.”

 

 

   

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