Business
Para Provides Update on February 2018 Production at El Limon Mine
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2018) - Para Resources Inc. (TSXV: PB...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Provides Update on February 2018 Production at El Limon MineVancouver, British Columbia--(Newsfile Corp. - March 20, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the \"Company\" or \"Para\") is pleased to provide an update on the production ramp up and results for the month of February 2018 at the El Limon Mine in Zaragoza, Colombia, as follows:Cannot view this image? Please visit:https://orders.newsfilecorp.com/files/3819/33588_a1521515925066_86.jpgMilling operations commenced in late November 2017 with a six month ramp up schedule to full production expected in June 2018. The plant has been optimizing recovery and availability with lower grade feed material in order to ensure gold is not lost in the early stages. The focus now is on re-commencing mining operations in the El Limon underground and sourcing mineralized rock from the small miners working on the Company's property. The formalization process is progressing with the final inspection of the small miners' operations expected in the coming weeks. Mr. Ian Harris, Para's President states, \"We are pleased with the results from operations and that we are mostly exceeding our plan. There were some minor setbacks during February some of which we have overcome and rectified and others where solutions are in process. With these improvements we are confident that we can process higher-grade material effectively and profitably. Production in February was 358.1 ounces compared to 437.6 ounces in January due to the lower average grade and downtime affecting the availability. We will begin feeding higher grade material within the coming months and remain on schedule to achieve full production by July of this year.\" Mr. Harris further states, \"As production and grade increases there is a natural lag time between the build-up of gold within the circuit and dore produced. This is remedied over time. In addition, precipitate grade has been lower than expected causing increased inventories and a lower smelting productivity. This has resulted in increased inventories of precipitate and higher than expected gold content in the slag.  We are continuing to address these issues with improvements in clarification of rich solution and increasing smelting capacity.  We are in the final stages of upgrading our sampling program to include add...