According to Cheni President Paul Girard, these results reflect the smooth operation of the underground mine. At this pace, Girard estimates the mine could produce close to 43,000 oz of gold and 870,000 oz of silver for this year’s 10 months of production.
Average mill recoveries in July and August were 93.6% for gold and 77.5% for silver from 33,538 tons of ore processed through the mill. Total production during the 2-month period was 9,382 oz gold and 201,945 oz silver for a gross value of about $4.8 million(US).
In August, Cheni repaid 838 oz gold and 82,375 oz silver. That represents 14.3% of its gold-silver loan.
Production to date is from the Amethyst Gold Breccia zone, the first of several zones to be developed on the road-accessed property. In August Cheni began pre- production development work on the nearby Cliff Creek zone.
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