By late October, Manhattan Minerals (VSE) expects to have the results of a final feasibility study for its Moris heap-leach gold project in Chihuahua state, Mexico.
Based on a pre-feasibility report earlier this year, the project contains minable open-pit reserves of 4.3 million tons grading 0.058 oz. gold per ton, with 75% recovery over 60 days. Operating costs are expected to be about US$150 per oz.
Arizona-based Independent Mining Consultants is responsible for the mine design and mine plan, while Kappes Cassiday & Associates will handle the crushing, plant design, leach pads and infrastructure. Vancouver-based Norecol Environmental Consultants will oversee environmental aspects.
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