Business
Farallon provides operations update
Farallon provides operations update
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Mar. 31, 2010 (Canada NewsWire Group) -- /CNW/ -- Dick Whittington, President and CEO of Farallon Mining Ltd. (\"Farallon\" or the \"Company\") (TSX:FAN) is pleased to announce that the G-9 operations have continued to increase throughput rates during the first quarter of 2010 and are now operating consistently at over 1,900 tonnes per day (\"tpd\"). Metallurgical recovery has continued to improve over the same period with zinc recovery of 84% and copper recovery of 68% in the month of March to-date(1).-------------------------------------------------------------------------Zinc CopperConc ConcPeriod Throughput % of Design Zinc Copper Grade Grade(tpd) (1,500 tpd) Recovery Recovery % Zn % Cu-------------------------------------------------------------------------Q1 2009 1,190 79% 79% 45% 52% 18%-------------------------------------------------------------------------Q2 2009 1,260 84% 77% 55% 52% 14%-------------------------------------------------------------------------Q3 2009 1,275 85% 79% 46% 49% 17%-------------------------------------------------------------------------Q4 2009 1,552 103% 80% 56% 49% 15%-------------------------------------------------------------------------Q1 2010(1) 1,672 111% 82% 60% 49% 14%-------------------------------------------------------------------------Including Mar/10 1,910 127% 84% 68% 49% 13%------------------------------------------------------------------------------------------------------------(1) First quarter 2010 includes daily operations data for the month ofMarch up to and including March 29, 2010. Results are subject toadjustment upon completion of the final metallurgical balance whichwill be announced in conjunction with the financial results for thefirst quarter.Additionally on March 25th, the mill throughput achieved was 2,527 wet metric tonnes (2,402 dry metric tonnes), 68% over the design capacity of 1,500 tonnes per day and a new single-day record for the Company. Based on these results, the Company is re-evaluating the scope of the mill expansion project previously announced on November 16, 2010. The $5.3 million that has been committed to the project may be re-deployed to achieve greater capacity than the 2,000 tpd originally contemplated.Farallon's President and CEO, Dick Whittington, stated \"It is extremely gratifying to see the G-9 operations running w...