Wednesday, July 29, 2009

Natarang Mining to produce gold Q1 2010

Kingsrose Mining Ltd, parent company of PT Natarang Mining, predicts the commissioning of the process plant in Way Linggo Project, Sumatra, by the end of the first quarter 2010. 
Kingsrose told ASX today that the up-scaled project is not expected to produce approximately 45,000 ounces of gold and around 500,000 ounces of silver in Way Linggo contract of work.
The concession covers an area of 10,540 hectares, located over a zone of structural complexity at the northern end of the Semangka Graben where pull-apart basins, fault splays, and dilational jogs occur related to the Trans Sumatra Fault Zone.
Underground mine development and plant construction activities in Way Linggo have been accelerated following Kingsrose' successful A$20 million capital raising.
An experienced process metallurgist, Murray Hill has been retained to overview the completion and commissioning of the Way Linggo plant, Kingsrose said in the report. 

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