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October 2016
MODERN MINING
15
MINING News
Yaramoko gold mine achieves
commercial production
Roxgold Inc, listed on the TSXVenture Exchange, reports that commer-
cial production at the Yaramoko gold mine in Burkina Faso has been
achieved, effective October 1, 2016.
“We are pleased to have reached yet another significant mile-
stone at Yaramoko and look forward to continuing our track record
of meeting expectations and to a bright future. Total gold production
at Yaramoko reached 47 469 ounces at an average mill feed grade of
15,6 grams per tonne as of September 30, 2016,” commented John
Dorward, Roxgold’s President and CEO. “Bringing Yaramoko into pro-
duction ahead of schedule and under budget is an achievement we
can all be proud of, and I want to thank Roxgold’s employees and con-
tractors for their continuing hard work and dedication.”
From July 1, 2016 to September 30, 2016, Yaramoko produced
32 987 ounces of gold. During the same period, 34 594 ounces were
sold at an average realised price of US$1 334 per ounce.
The second stope (MD_5219-53) was extracted successfully in
September 2016. This double height stope remained stable and dilu-
tion, at 17,9 %, was below the Feasibility Study assumption of 20,5 %.
The first stope (MD_5219-38) has been filled with cemented rock fill in
preparation for the extraction of the adjoining stope. Roxgold says it
is encouraged by the efficiency with which stoping operations have
been established at Yaramoko.
The Akwasiso target is situated immediately north-east of the Nkran
Extension deposit and the Tailings Storage Facility. The target sits on
the company’s existing Abriem mining lease, but until recently had
been designated as ‘small mining concessions’ and owned by small
scale alluvial miners. Asanko Gold acquired the concessions, which had
been previously explored by a prior operator, earlier this year.
Mineralisation occurs in three zones identified to date: theWestern
shear zone, a Central sandstone and granite contact zone, and an
Eastern granite contact zone. Further drilling is planned which will
test all three zones and mineralisation is still open at depth and
along strike.
Moabsvelden granted water licence
Keaton Energy reports that its Moabsvelden project has been
granted an Integrated Water Use Licence by the Department
of Water and Sanitation. The project is now fully permitted,
having already been awarded its Mining Right and environ-
mental authorisation in terms of the National Environmental
Management Act.
Moabsvelden is adjacent to Keaton’s existing successful,
long-lifeVanggatfontein colliery andwill benefit from shared infra-
structure and reduced operating costs. It is envisaged that some
4 Mt/year of coal will be produced from the combined operation.
“We are pleased that the Integrated Water Use Licence has
been awarded,”said Mandi Glad, Keaton’s CEO.“We can now final-
ise offtake negotiations with the various parties who expressed
an interest in purchasing coal fromMoabsvelden. This in turn will
allow the washing plant configuration to be finalised and funding
for the development to be closed.”