International Goldfields granted enviro licence in Brazil
PERTH (miningweekly.com) – ASX-listed International Goldfields has been issued with its preliminary licence and its installation licence over the Union gold project, in Brazil.
International Goldfields MD Travis Schwertfeger said that the licences allowed the joint venture (JV) partners to construct facilities for a 100 000 t/y heap-leach operation, pending a decision to mine, which would be made after the completion of current studies to define oxide reserves for the project.
“The potential development of a leach pad to process the oxide portion of the mineral resource is part of a strategy of the JV partners to establish early cash flow in a staged development of the project that significantly improves modelled economic outcomes,” Schwertfeger said.
The installation licence gave the JV partners the rights to mine a portion of the current oxide resource estimation, which totalled some 56 000 oz gold, within the Union project area. The licence also allowed for surface activities to be completed within the permitted tenement that could increase confidence in the oxide resource.
The remaining oxide resource estimate for the Union project fell within three adjacent tenements located within 1.5 km of the proposed heap leach facility.
The operating licence would only be issued following the completion of construction of the processing facilities.
The Union gold project, which is 33% held by International Goldfields, has a maiden mineral resource estimate of 3.4-million tonnes of measured and indicated resource, averaging 2.55 g/t gold and 5.1-million tonnes of inferred resource averaging 2.48 g/t gold for a total of 700 000 oz of contained gold.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
