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Silver Lake hits production milestone

19th November 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold miner Silver Lake Resources has ticked off another milestone, with the company producing its first 500 000 oz of gold bullion since gold pour started in 2008.

Some 4.4-million tonnes of ore was processed, at a blended grade of 3.8 g/t gold, from multiple underground and openpit feed sources at three processing facilities, including the Mount Monger, Randalls and Murchison operations, in Western Australia.

“This is a significant milestone for Silver Lake and our shareholders. When we purchased the Mount Monger project in 2007, it was on care and maintenance, with a resource base of 235 000 oz of gold, and limited mine life.

“In December 2007, we commenced production from a single ore source at Daisy Milano,” said Silver Lake MD Les Davies.

He noted that the company had now grown its resource base to 6.4-million ounces, including 1.7-million ounces of reserve, and had three operations and three operating processing facilities, with a total milling capacity of around three-million tonnes a year.

For the 2014 financial year to date, Silver Lake has produced 96 400 oz of gold.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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