Development
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La Ronge Gold Project
- Golden Band has been moving forward with plans to be in production in 2010. Our business case builds on the long-term scenario from the base-case of conservative scoping study.
Development Objectives:
- Produce 70,000 ounces per year from the 700 tonne per day Jolu mill using blended underground and open pit methods;
- Focus in near-term to expand resource base to support
a minimum 10-year production life; and
- Continue long-term low-cost acquisition strategy targeting opportunities within the haulage distance of the mill.
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What's been completed?
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What needs to be completed in order to produce gold in 2010?
- Production decision for four mines using the Company’s Jolu Mill:
Based on Pre-feasibility Study.
- Finance project:
Working capital plus project pre-production capital costs is estimated to be ~$22 million and
the Pre-feasibility study that is now underway will update financial evaluation.
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- Continued Expansion of Resources:
Assess opportunity for external sources of additional high grade mill feed through the Bingo extension, Greywacke and Golden Heart target zones.
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Last Updated: December 09, 2009
