The property consists of four mining concessions covering an aggregate area of approximately 12,967 ha and is located in southern Ecuador, 30 km SW of the city of Cuenca at an elevation of 3,600 m.
The project is accessible via a partly paved road from Cuenca, the third largest city in Ecuador, and from Machala, the second largest port in the country. The electrical power grid is accessible within 25 km of the project. The project also benefits from a large population pool in the surrounding communities.
The underground mine would employ the post pillar cut and fill method, which is a selective mining method and it will require backfill for stability. During the 18 month pre-production period two ramps that would provide access to the lower part of the deposit would be developed. Mining costs have been established at an average of $36.95 per tonne milled over the mine life, including paste backfill costs.
A 3,000 tonnes per day conventional flotation plant would be built on site. The resulting copper, gold and silver concentrate will be shipped to sea level for the second step of processing, consisting of oxidation of the sulphide minerals using an autoclave, followed by carbon-in-leach for gold extraction and recovery. The copper recovery will be accomplished by cementation on iron.
Location Summary
- Nearest Landmark:Cuenca
- Distance from Landmark:30 km
- Direction from Landmark:SW
- Latitude: 3deg 2Min S
- Longitude: 79deg 13Min W
- Satellite Image: Click to View »
Ownership Summary
- Name:Iamgold Corporation
- Interest: 100%
- Note: Public
- Reference: 31 December 07
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