PanTerra Gold to focus on Dominican project
Santo Domingo.- The gold mining company PanTerra Gold on Tuesday confirmed it would focus its attention in its Dominican Republic project, after withdrawing from the Azuay gold project, in Ecuador, Australia based site miningweekly.com reports.
“The miner said in a statement to shareholders that the Dominican Republic would be its sole focus over the near term, as the country offered significant exploration potential and political stability,” the industry site reports
Miningweekly said PanTerra would focus on the optimization of gold and silver production at its Las Lagunas project, and would accelerate exploration activity during the second quarter of the year, with some 30 000 ha held in three prospective exploration concessions. “The miner would also work to extend the life of the Las Lagunas project through further exploration, acquisition, joint ventures or toll treatment agreements.”
It revealed that in early January the Las Lagunas plant returned to full production capacity after suffering mechanical issues at the processing plant at the end of last year. “The miner said this week that optimization of the plant performance would continue after a scheduled biannual plant shutdown to undertake general maintenance and minor improvements.”
It adds that plant throughput and rates of recovery for the current quarter were expected to be up on the previous two quarters, “now that the grinding circuit was capable of operating at design levels, the company added.”
According to panterragold.com website, the 100% owned Las Lagunas project involves the reprocessing of high grade gold/silver refractory tailings from the Pueblo Viejo mine near the central city of Cotui, around 105km north of Santo Domingo, capital of the Dominican Republic.
Category: DR News |