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Para Announces Production Results at El Limon
One Week Unscheduled Shut Down Due to Mechanical Failure VANCOUVER, BC / ACCESSWIRE / J...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Announces Production Results at El LimonOne Week Unscheduled Shut Down Due to Mechanical Failure\nVANCOUVER, BC / ACCESSWIRE / July 21, 2016 / Para Resources Inc. (the \"Company\" or \"Para\") (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) is pleased to announce production results for the month of June 2016 for the El Limon Mine as follows:\nImage: https://www.accesswire.com/uploads/table%20for%20para%2022.png\n\nPara's President, Randy Martin states, \"The commissioning of the re-furbished El Limon Mines is slightly behind schedule due to unanticipated downtime but we anticipate maintaining our ramp up plan that will see full production by the end of 2016. Our team is actively training the local miners and mill operators and as their skill levels rise, production and recovery rates will rise as well. Most of the start-up issues we have encountered can be attributable to a lack of experience but the team is progressing well. We are working through the feed material we have in inventory that has slightly higher dilution from the underground development work done in preparing the new faces. We expect the head grade to improve over the coming months as the inventory is depleted. Gold recoveries are also expected to improve as the circuits are fine tuned.\"\nThe Company further reports that on Thursday, July 14, 2016, the shaft on Ball Mill -1 broke requiring an unplanned shut down. The shaft was removed and shipped to a contractor in Medellin for repair. The repaired shaft will be returned to El Limon and re-installed on Thursday July 21, 2016, when production will resume.\nABOUT EL LIMON\nThe El Limon property is located in the northwest part of Colombia near the town of Zaragoza, Antioquia, Colombia and is accessible via both paved highways and gravel roads. The mine is situated in the wide Zaragoza Gold District which extends from El Bagre to Remedios and based on the historical alluvium mining and the number of primary underground gold mines, is considered to be one of the most prolific gold zones in Colombia. The El Limon claims cover a total area of approximately 321 hectares, including 129.6 hectares in RPP No. 12011 and 191.1 hectares in the concession contract No. 620 which is located west of the currently exploited zone.\nTypical production grades of the region range from 8-12 g/t Au diluted. However, higher grade mines do e...