Partners Sikaman Gold Resources and Denison Mines recently received results from a prefeasibility study on their Bogosu concession in Ghana, West Africa. Sikaman has a 45% interest in the property, while Exall Resources, which is 38.6% owned by Denison, has a 15% interest. The study, completed by Australian engineering firm Lycopodium Pty. Ltd., on four separate projects, conluded that each project appears to be viable. The most promising is a combined plant designed to treat 1.5 million tonnes of tailings, oxidized and semi- oxidized ore annually.
Projected capital costs for the combined plant are $24,105,500 (US). According to the company, this figure allows for a 20% contingency, three months of reagents, spares and consumables and a 6- week working capital. Estimates for total operating costs on the plant are $6.75(US) per tonne.
Gold production for the combined plant is projected to be 75,560 oz annually at an average cost of $134 per oz.
The Lycopodium study recommended a full feasibility study be undertaken on the oxidized, semi- oxidized and tailings materials. They concluded that the feasibility study will take four to six months to complete and a further 49 weeks would be required to bring the project into production.
The company’s field exploration team recently summarized geological gold reserves on the Bogosu concession as follows: 89,064 oz proven and 73,447 probable oz of oxidized ore, 122,186 oz proven and 258,054 probable semi-oxidized oz and 86,122 oz proven sulphides. Total reserves in all categories is 5,787,393 oz gold.
According to Sikaman President A.T. Griffis, these results mean that signficant near term production from the two large underground sulphide deposits is possible.
Be the first to comment on "Sikaman prefeasibility study promises gold from Ghana"