U.S.-based Battle Mountain Gold (TSE) plans to develop the Reona heap-leach deposit at its Battle Mountain complex in Nevada. The cost will be about $10 million.
Reserves are about 13.5 million tons grading 0.028 oz. gold per ton. Assuming a recovery factor of 70%, the mine is expected to produce 40,000 oz. annually over its 6-year life. The deposit also contains about 600,000 oz. silver.
Plant construction is to begin this summer with production expected to start in early 1994.
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