With positive results in hand from an initial feasibility study on its Lady Lina gold property in Zimbabwe, Antares Mining and Exploration (TSE) intends to begin processing ore at the adjacent Vubachikwe mill.
The mill is owned by Forbes & Thompson, Antares’ joint-venture partner on the Lady Lina.
The maximum capacity available to the joint venture is about 275 tons per day. With reserves and resources standing at 3.2 million tons grading 0.14 oz. per ton, Antares forecasts gold production could amount to 10,000 oz. annually at the maximum milling rate. Milling is expected to start during the first quarter of 1996.
The study also recommends completion of a shaft-deepening program, which would upgrade resources to the proven and probable category. Doing so would also ensure development of a long-term supply of mill feed. If enough ore is outlined, a free-standing mill could be constructed on the property. Funding for the program is being arranged.
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