Denver-based SRK Consulting plans to complete a prefeasibility study at Pacific Rim Mining‘s (PMU-T) El Dorado gold project in El Salvador by mid-June.
The study will contemplate the economics of a 1,000-tonne-per-day underground operation targeting the Minita vein system. The system is host to a measured and indicated resource of 1.6 million tonnes averaging 11.4 grams gold and 70.3 grams silver per tonne.
Pac Rim is also completing an environmental impact study of the proposed operation for submission in June. Once that wraps up, the company plans to start the ball rolling on the permitting process for the construction of an access/haulage ramp. The ramp will allow for definition drilling as the project advances toward a full feasibility study; it will later facilitate production haulage.
Meanwhile exploration continues with the aim of expanding resources.
At last count, measured and indicated resource in the Minita vein deposit stood at 1.6 million tonnes grading 11.4 grams gold and 70.3 grams silver per tonne, for 585,200 oz. of contained gold and 3.6 million oz. of contained silver. The vein averages 3.3 metres in width. Preliminary metallurgical work by previous owners indicates recoveries of better than 90% via a simple cyanide mill circuit.
Pac Rim is in the midst of a scout drilling program on a nearby group of targets along strike of the Minita vein system. The initial targets lie north and south of Minita; the others represent parallel veins, including the El Dorado vein, which was mined in tandem with Minita in the mid-1900s.
Be the first to comment on "Pacific Rim advances El Dorado"