Copperstone Gold Mine Progress for May 2013
posted on
Jun 19, 2013 08:10AM
313,000oz Au (M+I) of > 10 g/t
American Bonanza Gold Corp.
TSX : BZA
OTCQX : ABGFF
June 19, 2013 08:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2013) - American Bonanza Gold Corp. (TSX:BZA)(OTCQX:ABGFF) ("Bonanza" or "Company") is pleased to announce progress at the 100% owned Copperstone gold mine in Arizona during May 2013.
May saw 1,041 ounces of gold produced, a 5% increase in ore grade, improvement in the mill recovery, and a 41% increase in development footage as the focus on providing access to new ore zones continues. Improvements continue into June, with production for the first 16 days of the month totalling 746 ounces of gold.
Production Summary (see below for detailed breakdown of figures) | |||||
Development Mining | January '13 | February '13 | March '13 | April '13 | May '13 |
Zones | <4 | 7 | 6 | 5 | 4 |
Development mined | 146 t/d | 253 t/d | 167 t/d | 291 t/d | 399 t/d |
Ore Mining | |||||
Total rock mined | 463 t/d | 562 t/d | 474 t/d | 622 t/d | 766 t/d |
Ore mined | 317 t/d | 308 t/d | 347 t/d | 331 t/d | 367 t/d |
Rounds per day mined | 5 | 4.3 | 5.2 | 4.9 | 5.2 |
Ore Processing | |||||
Ore processed | 322 t/d | 315 t/d | 333 t/d | 346 t/d | 349 t/d |
Mill recovery | 82% | 86% | 80% | 81% | 89% |
Concentrates | |||||
Gravity concentrate | 15 Oz/ t | 47 Oz/t | 34 Oz/t | 30 Oz/t | 43 Oz/t |
Flotation concentrate | 23 Oz/t | 30 Oz/t | 18 Oz/t | 27 Oz/t | 21 Oz/t |
Gold produced | 520 Oz | 878 Oz | 670 Oz | 815 Oz | 1,041 Oz |
Concentrates
1,041 ounces of gold were produced during May, comprised of 271 ounces of gold contained in flotation concentrate and 769 ounces of gold in gravity concentrate.
Ore Mining
Development
Ore Processing
To view accompanying graph, visit the following link: http://media3.marketwire.com/docs/2013_Gold_Production_Chart.jpg
Mr. Brian Kirwin, President & CEO, commented:
"Achieving design rates continues to be our focus and priority. Following the availability of additional working capital announced on the 12th of June, it is expected that additional equipment and inventory of parts will help to accomplish this goal."
Mine and mill performance for the month of June will be announced towards the end of July.
Doug Wood, P. Geo the Vice President of Exploration of the Company, is the "qualified person" as defined in NI 43-101 who has reviewed and approved the technical information in this news release.
About American Bonanza Gold Corp.: Bonanza is operating the newly constructed Copperstone gold mine in Arizona. For more information please visit Bonanza's website at www.americanbonanza.com.
AMERICAN BONANZA GOLD CORP.
Brian Kirwin, President & Chief Executive Officer
We Seek Safe Harbour.
1 April saw 498 feet of development footage in April, not 827 feet; the result of a typing error in the April Progress Release (28th May 2013), which is 6% less (not 56% more) than in March.