CGA Mining (ASX: CGX, TSX: CGA) has announced another month of record production at the Masbate Gold Project in the Philippines.
Production for the month of March was 16,594 ounces up 18% on the previous highest month of October 2009 in which 14,061 ounces were produced.
The Masbate Gold Project was successfully developed with first gold poured on 12 May 2009.
The project, which is currently ramping up to full production, has a total indicated resource base of 4.55M ounces, total inferred resource base of 3.22M ounces and a probable reserve of 3.03M ounces of gold.
It is currently forecast to produce over 200,000 ounces per annum.
http://www.proactiveinvestors.com.au/companies/news/6248/cga-mining-delivers-record-production-at-masbate-gold-project-6248.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment