Partners eye Sabara production (March 25, 2002)

Brazilian Resources (YBZ-V) and its operating partner, IMS Empreendimentos, are preparing to mine the former’s wholly owned Sabara gold deposit in the country’s Iron Quadrangle district.

The open-pit operation will target Zone B, which has a resource of about 641,358 tonnes averaging 3.5 grams gold per tonne.

Mined material will be trucked 36 km to an existing carbon-in-column mill; the throughput rate is pegged at 800 tonnes per day over an initial project life of 2.5 years; average cash costs are estimated to be US$176 per oz.; the recovery rate is 71%, though metallurgical tests may improve this; and the after-tax internal rate of return is 35.6%, based on a gold price of US$260 per oz.

Operating costs are expected to total US$1.2 million.

A 1996 evaluation placed Zone A’s inferred resource at 5.5 million tonnes running 1.38 grams gold. Exploration by Placer Dome (PDG-T) in 1997 included extensive soil and rock sampling over geophysical targets and along old workings. The major reported significant uncategorized resources in addition to Zones A and B.

Further work on Zone A and neighbouring areas will follow additional exploration and metallurgical tests for a bankable feasibility study on Zone B.

IMS can earn up to a 45% interest in the project by contributing the processing plant and heap-leach pads.

Print


 

Republish this article

Be the first to comment on "Partners eye Sabara production (March 25, 2002)"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close