By Christmas of this year, Laverton Gold (LAV-V) expects to pour its first gold bar from the Rawas project on the Indonesian island of Sumatra.
Construction is well under way, with plant commissioning scheduled for the first week of December.
The open-pit project hosts a resource of 7.8 million tonnes grading 3.1 grams gold and 41 grams silver per tonne. Exploration is continuing, and updated reserve calculations are expected by year-end.
Rawas is expected to yield 75,000 oz. gold annually for the first five years of its 10-year mine life.
The processing method will involve primary crushing and grinding, plus a conventional carbon-in-leach circuit. This will be followed by Merrill Crow technology to recover silver and gold.
Exploration for 1997, which is budgeted at US$6 million, could include more deep drilling to determine the property’s underground potential.
The Rawas epithermal gold veins are related to major faulting, which extends westward to the Sumatra fault zone. Bonanza veins are known to exist at adjacent properties, and Laverton believes similar deposits may be located within its contract of work.
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