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New gold mine could be operational in three years

According to the directors of the Chamber of Oil and Mining in the Dominican Republic (Camipe) the Romero Project in southwestern San Juan de la Maguana could begin the extraction of gold, silver and copper in three years time.

It is estimated the mine has five million ounces of gold, and in the first stage some three million ounces could be extracted. It is located in the Romero community in San Juan at some 220 meters below the surface and is being explored by the Canadian company, Goldquest and should it be exploited it will be a milestone for the country, being the first underground mine in the country to use tunnels.

It was also revealed that other deposits are being explored by Unigold in Santiago Rodriguez and Dajabon and Cormidom in Maimon. There have also been other rich deposits found of gold, silver and copper in Santiago Rodriguez and Elias Pina.

Source: DR1, Hoy

June 28, 2016

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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