Business
Para Announces Update on Production at El Limon Mine
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2018) - Para Resources Inc. (TSXV: ...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Announces Update on Production at El Limon MineVancouver, British Columbia--(Newsfile Corp. - January 11, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the \"Company\" or \"Para\") is pleased to provide an update on December 2017 production at the El Limon Mine in Zaragoza, Colombia, as follows:Mill Availability                     52%Average Gold Recovery     73%Mill Throughput                   3,037.0 MtAverage Head grade          3.55 g/mtGold Production                  253.1 ozPeak throughput                 211 MT/day (10 MT/hour)The operations re-commenced in late November 2017. The plant has been processing lower grade feed material in order to preserve the gold as we work to increase throughput and gold recovery. Availability has been low due to multiple post start up changes that have been implemented to further enhance production throughput and because of the Christmas holidays. Mr. Ian Harris, Para's President states, \"We have been processing lower grade historical tailing during the first phase of the commissioning in order to preserve gold while recoveries are increased. Mining from the underground at El Limon will start in January, as will purchases of mineralized rock from the small miners working on our property. The recovery at 73% is satisfactory considering this production has come from the preprocessing of historical tailings. Recovery when processing from hard rock was 85%. We expect availability to improve dramatically over the next months to achieve our target of 85%\". Geoff Hampson, Para's CEO states, \"I am very pleased with the efforts of our team in Colombia and am satisfied that the major bottlenecks have been removed and that gold recovery is on target. Our next targets are improving availability to 85% and increasing the head grade to the targeted 7-9 g/mt, which is expected to result in profitable operations.\"  Paulo J. Andrade, BSc Senior Geologist, vice-president for Para Resources is considered by TSX and ASX a Competent Person according to CIM ...