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Lundin Gold Announces Completion of South Ventilation Raise at Fruta Del Norte Gold Mine
VANCOUVER, BC, Oct. 24, 2022 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) ("Lundin Gold" or the "Company") is pleased to announce that the
About this update from Lundin Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, Oct. 24, 2022 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (\"Lundin Gold\" or the \"Company\") is pleased to announce that the South Ventilation Raise (\"SVR\") at its Fruta del Norte gold mine in southeast Ecuador is now complete and operational. The SVR has been under construction over the past three years, during which time the project encountered delays due to COVID and various technical challenges. In mid-2021, Lundin Gold revised the work plan from a traditional 5.1 metre raise bore to a 2.1 metre diameter pilot raise followed by top-down slashing to 5.1 metres and concrete lining. The slash and line was completed in early-October and commissioning of the fans was achieved over the past couple of weeks. As a result of the completion of the SVR, ventilation in the mine will increase from 180 m3/s to 350 m3/s resulting in improved efficiencies and enabling mining activities on all levels. Ron Hochstein, President and CEO, commented: \"I am very happy to finally announce that the SVR is complete and operational. The SVR project has had its challenges, but the team has worked tirelessly to ensure that the delays did not impact operations. With the SVR now complete and commissioned, the entirety of the Fruta del Norte deposit can be accessed and mined, and haul truck cycle times can be improved.\" About Lundin Gold Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company's board and management team have extensive expertise in mine operations and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. The Company believes that the value created through the development of Fruta del Norte will benefit its shareholders, the Government and the citizens of Ecuador. Additional Information The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly co...