Ariel increases Costa Rican output

Output at the Tres Hermanos project of Ariel Resources (VSE) in Costa Rica in the companys latest fiscal year rose to 7,615 oz. gold and 10,164 oz. silver. Gold production more than doubled compared with the previous year.

The production rate at the mine is 200 tons per day; planned is an expansion to 300 tons per day. Proven reserves stand at 275,920 tons grading 0.316 oz. gold per ton, with probable reserves standing at 200,245 tons grading 0.276 oz.

For its first fiscal quarter ending Dec. 31, 1991, Ariel reports total output of 2,566 oz. gold and 4,415 oz. silver.