White Tiger Gold Increases Ore Production at Lamaque
posted on
Mar 26, 2012 07:23AM
Edit this title from the Fast Facts Section
White Tiger Gold Increases Ore Production at Lamaque (ccnm)
VAL-D'OR, QUEBEC--(Marketwire - March 26, 2012) - White Tiger Gold Ltd. ("White Tiger") (TSX:WTG) announced today, the Company's 100% owned Lamaque Project, has improved its grade over the past month, such that it is now 40% higher than that achieved in 2011. This improvement in grade is a result of better dilution control in the stopes.
With long-hole dyke stopes continuing to provide increased ore tonnages, the Company expects to see even higher production once an upgrade to a high-lift C4 conveyor in the crushing system is completed. This conveyor has constrained crushed and milled tonnages to 1200 tpd. This optimization has already begun and is scheduled for completion by mid-April, when it will permit increased production to more than 2000 tpd. In addition, the on-going diamond drilling program continues to produce positive results by extending and increasing mineable ore in the Flats, North Wall and Sigma West ore bodies. As a result of this performance, White Tiger intends to restart operations in Sigma West.
"These combined improvements, the addition of Sigma West, and increase in gold production put White Tiger Gold on track to meeting the Company's objective of becoming cash flow positive in the second quarter of 2012," said Daniel Major, President and CEO of White Tiger Gold Limited.
This press release was reviewed and approved by Dr. Ed van Hees, P.Geo., the Quailified Person for the Lamaque mine project who is independent of the company.
About White Tiger Gold
White Tiger Gold Ltd. is a TSX-listed mining and exploration company, focused on the development of mineral resources in Canada, the Russian Federation and Peru.