Exploration at the Louvicourt base-metal mine in Quebec and the continued development of the Andacollo copper mine in Chile will command most of Aur Resources’ (TSE) attention in the coming year.
President James Gill, speaking at the company’s annual meeting, said the Andacollo mine will begin production in November, producing 20,000 tonnes of copper annually.
Solvent extraction-electrowinning will be applied to oxide ores. The oxide and supergene reserve contains 33.4 million tonnes grading 0.74% copper and 0.16 gram gold per tonne. Operating costs are expected to be about US56 cents per lb. of copper. Andacollo’s relatively low altitude — about 1,000 metres above sea level (low in Chilean terms) — has made development easier. The project, a joint venture of Aur’s 46%-owned Canada Tungsten (TSE) and Chilean iron ore producer Minera Pacifico, is in northern Chile, near the port of La Serena.
In Quebec, Aur has budgeted $2.8 million to explore the Louvicourt mine at depth and along extensions to the west. With metallurgical recoveries all well above levels estimated in the feasibility study, the mine has operated above expectations.
Exploration elsewhere will concentrate on northwestern Quebec, the volcanic belts of Manitoba and Saskatchewan, and the area around Coleman Canyon in Nevada.
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