Published: October 14, 2016 |

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Orinoco Gold Ltd has achieved a significant milestone by shipping the first parcel of gold from the Cascavel Gold Mine in central Brazil for refining and sale.

To date, mineralized development material processed during the commissioning phase has resulted in the production of circa 8 kilograms of gold bullion, making up the first shipment.

As planned, about 7000 tonnes of development material were processed during the months of August and September.

Orinoco will continue processing the remaining stockpile of around 10,000 tonnes of development material accumulated over the course of 2016.

Moreover, the ramp-up of production is continuing in the mine with production material currently being delivered to the plant for processing concurrently with ongoing development material.

The gravity recoveries from the circuit are currently at around 70-75 percent and the company is working on refinements to the circuit to bring the recoveries closer to the design specification of +85 percent.

Orinoco is also in the process of bringing all assay laboratory functions to the site to allow for faster turnaround and improved quality of assays for the material being processed through the plant.

Mark Papendieck, managing director, commented: “The first gold shipment, comprising gold produced from stockpiled development material, marks another significant and exciting milestone in the development of the Cascavel Mine and the Faina Greenstone Belt as a new gold district in Brazil.”

“With processing of production ore set to begin during this month, we expect to see a steady increase in the amount of gold recovered over the coming months.”

Source: (October 7, 2016) Proactive Investors

About Orinoco
Orinoco Gold Ltd is a South American gold explorer and developer.

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