Magnacon project in break-in phase

Steve Brunelle, vice-president corporate affairs, said the new mill is currently being fed lower grade material stockpiled on surface. The first gold pour is expected during the first half of June.

Power to the site became available in mid-April. Among the equipment casualties of the start-up was the filter system, which twice burned out a motor. The targeted production rate is 600 tons per day. Brunelle said the mill should be processing material near or at that rate by late June, b arring any major problems. Projected output is 60,000 oz gold per year.

Reserves at the project stand at 1.4 million tons grading 0.245 oz gold per ton, to a vertical depth of 1,000 ft.

Muscocho, the operator, has a 25% interest in the Magnacon project, situated 30 miles west of Wawa. Flanagan McAdam Resources (TSE) has a 50% interest, and Windarra Minerals (TSE) the remaining 25%.

While it will not happen in the immediate future, a plan to upgrade the mill to handle 800 tons per day, to produce about 90,000 oz per year, is being considered by the partners.

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