Business
Para Resources Reports El Limon Restarts Production
El Limon successfully completes commissioning phase and begins ramp up to full capacity ...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Resources Reports El Limon Restarts ProductionEl Limon successfully completes commissioning phase and begins ramp up to full capacity\nVANCOUVER, BC / ACCESSWIRE / May 3, 2016 / Para Resources Inc. (the \"Company\" or \"Para\") (TSXV: PBR) (WKN: A14YF1) is pleased to announce that its high-grade gold mine and mill at El Limon in Colombia has completed recommissioning after a $2.5 million USD refurbishment. Each of the components in the processing cycle were tested on a standalone basis during the commissioning phase and are now running in series, together. The commissioning phase started on April 18th with the floatation and cyanide circuits processing material that previously been milled. The full circuit from crushing to gold production will be in operations by May 6th 2016, operating at an initial rate of approximately 40 TPD.\nThe company also announces that the upgrade to the mill and processing facility at el Limon was completed on schedule and on budget with the second ball mill expected to come on line in July 2016. Once the second mill is brought on-line, production is expected to increase to 200 TPD, at which point, the company will begin to process material mined by the local artisanal miners to supplement the 100 TPD of production from the El Limon mine.\nGold production, once steady state operations are achieved at 200 TPD, is expected to be over 20,000 equivalent ounces per year with a projected all in sustaining cost of approximately $600 per ounce.\nBased in Colombia, Para's El Limon mill produces gold from its own high-grade mine and will provide toll-milling services to independent, local mining operations.\nProduction Highlights\n- El Limon produced 1,747 ounces of gold during the construction and commissioning phases ending April 30 2016.\n- 100 TPD of historical tailings will be fed into the process after the ball mill, increasing gold production by approximately 3,000 ounces per year.\n- The commissioning of the second ball mill, doubling mill capacity to 200 TPD of rock, is expected to be operational and on-line by July 31st, 2016.\nGeoff Hampson, CEO of Para Resources, commented:\n\"It is gratifying to see EL Limon back in production after all the hard work of our team in Colombia. We expect to see month over month improvements in both through put and production efficiency as we ramp up to the full d...