Westgold Resources Limited (ASX:WGR) Process Engineering Study Awarded for Central Murchison
Perth, Nov 25, 2011 AEST (ABN Newswire) - Westgold Resources Limited (
ASX:WGR) ("Westgold") is pleased to announce that it has appointed GR Engineering Services (GRES) to undertake the Processing and Surface infrastructure study for the Central Murchison Gold Project.
GRES is an experienced and highly regarded engineering company with a solid track record in relation to the design and construction of the type and scale of the proposed gold processing facility to be located at the site of the previous Big Bell gold plant. Significant infrastructure remains in place at the site of the previous plant which will be utilised in the recommencement of operations.
Update on Definitive Feasibility Study
- Westgold has identified 19 open pit mineral resources capable of being mined and included in the final production schedule
- 3 significant underground mines at Big Bell, Great Fingall and Golden Crown
- Finalising work on historic tailings - Indicated Resource 3.39Mt @ 0.70 g/t, potential for early gold production
- Environmental studies underway
- Total Identified Mineral Resource for CMGP 2Moz Au
A consolidated production schedule for the project has been completed. The plant and surface support infrastructure design works to be completed by GRES will allow for the optimisation of operating and capital cost estimates for the various ore sources and types. The design works are expected to be completed by the end of the March quarter 2012.
Westgold's CMGP strategy is to establish a central processing facility which will cater for blending of multiple ore sources with the objective of commencing with open pit and tailings material in the initial 2-3 years whilst access to the three underground mines is established. Forecast annual production is expected to increase from an initial 50Kozpa to 100+Kozpa as the high grade underground ore becomes the main source for the project in steady state.
About Westgold Resources Limited
Westgold Resources Limited (ASX:WGX) is a dynamic and responsible explorer and developer of gold mines operating in the prolific goldfields of outback Western Australia.
Westgold typifies the world-leading mining technology, ingenuity and pioneering attitude that Australia's mining industry is renowned for by uniquely being the owner-operator of its mines and projects.
Our overall business has two main pillars - gold operations in the Murchison region of Western Australia and a specialised wholly-owned underground mining services arm - Westgold Mining Services.
We strive to create wealth for our shareholders with a respectful and grateful manner knowing we are the custodian of their assets and resources.
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