Sable Resources Ltd provided an update on the operating performance for November 2010. For the month of November the Shasta mine, British Columbia, Canada, had produced approximately 700 ounces of gold equivalent (based on a 1:50 gold to silver ratio) contained in dore resulting in over Can$960,000 in revenue. Monthly operational costs totaled approximately Can$600,000.
Sable Resources updated shareholders on operations at the company’s 100% owned Shasta mine and Baker mill, located in the Toodoggone region of north-central British Columbia, Canada. Upgrades and refurbishments of the Baker mill were substantially completed in the fourth quarter of 2009 allowing for increased throughput levels. Mill feed is provided from the underground Shasta mine. Production from the mine is now relying heavily on sub-level stoping methods, resulting in increased production.
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