Fire River Gold Corp. Announces the Completion and Commissioning of the CIL Circuit
VANCOUVER, March 20, 2012 /PRNewswire/ – Fire River Gold Corp. and Mystery Creek Resources Inc. (The Company) [TSX.V: FAU| OTCQX: FVGCF| FSE: FWR] is pleased to announce the completion of the CIL (Carbon in Leach)
circuit construction. Commissioning is currently underway with
assistance from Xstrata Process Support and Kappes, Cassiday &
Associates. All supplies for the leaching circuit, including activated
carbon and cyanide are currently on site. The five leach tanks are full
of tailings slurry from mining operations. The reagents, including
cyanide to start the leaching process, are scheduled for addition to
the tanks before the end of this week.
With the operation of the CIL circuit, ore recovery will increase to
+90% from the current 70%. DorÃ© bars will be produced at site using
carbon stripping and electrowinning.
Revenue from the CIL leaching circuit is projected to begin in April
2012 from freshly mined tailings, which are being produced at
approximately 150 tonnes per day (tpd). The recovery of residual gold
from the historic tailings pond has been scheduled to commence in
April. The circuit was designed with a capacity of 250 tpd for the
purpose of incorporating this additional supplemental feed. The
historic tailings pond was estimated to contain 92,000 tonnes of
indicated resources at a grade of 7.9 g/t gold plus 48,000 tonnes of
inferred resources at a grade of 7.4 g/t gold prior to the addition of
tailings from the 2011 and 2012 mining.
This milestone marks the completion of all pre-production projects for
the Nixon Fork Mine.
On behalf of the Board of Directors,
Certain information regarding the Company including management’s
assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations, imprecision
of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to
access sufficient capital. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements. A
feasibility study has not been completed and there is no certainty the
disclosed targets will be reached nor that the proposed operations will
be economically viable. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release. We seek safe harbour.
SOURCE Fire River Gold Corp.