Business
Reconfiguration of the Gold Processing Plant at the Independencia Mine has Commenced
(via Thenewswire.ca) Toronto, Ontario / TheNewswire / August 2, 2016 - Latin Ame...
About this update from Sterling Metals Corp.
[{"type":"text","content":"Reconfiguration of the Gold Processing Plant at the Independencia Mine has Commenced(via Thenewswire.ca)\n\n \nToronto, Ontario / TheNewswire / August 2, 2016 - Latin American Minerals (\"LAT\" or the \"Company\") (TSX-V: LAT) today announced that it has initiated a plan to increase throughput and improve recoveries at the Independencia Gold Mine in Paraguay. \n\n \n \nThe technical study for the reconfiguration of the gold processing plant was developed with John T. Boyd Company (\"Boyd\"), after the Boyd engineering and metallurgy team visited the mine in December 2015 to assess the most cost effective way to increase gold production at the mine. The initial goal is to double the throughput of raw material and increase production to 300 ounces of gold per month. \n\n \n \nBasil Botha, Chairman and CEO said: \"For the initial resumption of operations, the company intends to reprocess 85,000 tonnes of existing tailings grading 0.84 g Au per tonne, followed by processing of low grade stockpiles grading 0.48 g Au per tonne. The reconfiguration of the plant will allow for the efficient processing of low grade ore otherwise considered uneconomic. The entire operation has been designed to move the raw feed hydraulically through pumps and pipes, which contributes to reduced production costs.\" \n\n \n \nThe Company's Chief Operating Officer, Cameron Tymstra, is now resident in Paso Yobai, Paraguay and is directly involved in the daily operations and the rebuilding of the gold processing plant under the guidance of John T. Boyd Company. \n\n\n \nCameron holds a degree in Mineral Engineering from the University of Toronto. He has worked on a number of exploration and development projects across Canada, United States and Colombia. These projects include gold, silver, iron and uranium. Cameron served as the Operations Manager for Northern Iron Corp. where he oversaw the feasibility investigations at their Ontario projects. He spent the last two years as the Mining Engineer at Magnetation Inc.'s iron tailings mining and reprocessing operations in the United States. \n\n\n \nThe Boyd recommendations include de-sliming, reconfiguration of the gravity circuit, conversion of the heap leach pads to a vat leach system, along with various upgrades to the carbon loading and stripping circuits. Based on Boyd's professional experience and LAT's empi...