Location:
Brazil
Nearest Landmark:
REDENCAO
Distance from Landmark:
100 km
Direction from Landmark:
North
Latitude:
7 Degrees 18 Minutes (South)
Longitude:
50 Degrees 1 Minutes (West)
Reported total gold production of 15,233oz at an average cash cost of (US$547/oz). This brings year to date production to 32,450oz at an average cash cost of (US$537/oz). Exploration had been focused around Bico Fino in the easternmost part of the Babaçu Trend, three “first pass” RAB holes produced encouraging gold grades that included BBR044 2m at 12.75g/t from 19m downhole, BBR046 4m grading 6.65g/t from 59m downhole and BBR048 – 3m at 11.97g/t from 4m downhole.
October 7, 2008
The processing plant is performing well with full throughput achieved in August. At the underground mine, development accessing the Mamão and Melechete ore bodies, continues in line with forecasts. The first horizontal access from the decline accessed the Mamão structure last week and development along the ore to set up production areas has commenced. The high grade underground ore remain on track to commence feeding the plant in the first quarter of calendar 2009.
September 30, 2008
Reported to have produced 6,946oz gold from 45,756 tonnes milled.
Advanced or Above