Finkolo gold project, Mali
Name and Location
Finkolo gold project, Mali.
Project Description
A positive feasibility study has been received for the Tabakoroni gold deposit located on the Finkolo exploration permit.
The feasibility study is based on proven reserves of one-million tons of ore with an average grade of 3,3 g/t, containing 109 000 oz; and probable reserves of 1,4-million tons of ore with an average grade of 2,9 g/t, containing 127 000 oz with a strip ratio of 9,5 to 1 and cash costs of $710/oz.
The study proposes openpit mining of three pits, using a contract mining fleet, with the ore to be trucked and processed through Resolute Mining's nearby, operating Syama gold mine.
The initial mining rate is 9,8-million tons a year, decreasing to 6,3-million tons a year in the final year of the mining operation.
Value
A value has not been confirmed.
Duration
Not stated.
Client
Finkolo Joint Venture, in which Resolute Mining holds a 60% interest and Etruscan Resources Mali a 40% interest. Resolute is the operator under the joint venture.
Key Contracts and Suppliers
Not stated.
Latest Developments
Not stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Etruscan Resources, tel +1 902 832 6700, fax +1 902 832 6702 or email info@etruscan.com.
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