Another day, another announcement by Kentor Gold. If investing in the small/micro cap sector of the stock market has taught me anything, it is the importance of news flow. As long as a company is updating shareholders and the market and what is going on people remain confident and the share price somewhat supported (unless the news is bad of course). By contrast companies that don’t update holders often fall off the radar or face the growing discontentment amongst holders. So with that all said it is great to see Kentor Gold reporting on such a regular basis.
Today’s announcement marks a significant step towards production at the Burnakura Gold Project. The announcement reaffirms that production is on track for mid-2012 and provides some addition details on the refurbishment and recommissioning program. A contract for this work has been awarded and the dismantling and transportation of equipment from the Indee site has already started.
The CIP processing plant at Burnakua is being recommissioned and expanded and the additional plant acquired from the Indee site will facilitate the re-start of the project. A key component of the upgrade is the addition of a gravity circuit to recover free gold with a stripping plant and gold room relocated from Indee which enables gold production onsite.The announcementalso reaffirms that a throughout of 250,000 tpa is being targeted for stage one with future expansion to 500,000 tpa being considered for stage two.
Finally the announcement goes on to state that a 60 hole air core drilling program commenced today to test structure targets adjacent to the magnetic anomaly north of the existing open pits and work approval has also been received for an 8,000m RC drilling program that is planned to commence in October.
All in all just another tick in the right box for Kentor Gold.
Link to the announcement.
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