Andes Gold Corporation Increases Capacity to Zaruma Mill
19 Junio 2012 - 1:15AM
Marketwired
Andes Gold Corporation (PINKSHEETS: AGCZ) a gold mining company
with existing operations in Ecuador is pleased to announce that it
has added a water flotation plant to the Zaruma mill. The water
flotation plant will increase the capacity of the Zaruma mill by 20
tons per day to 170 tons per day. The Company projects that at
capacity the mill will have an average head grade of 1.0 oz of gold
per ton while processing 170 tons of ore per day.
With the increase in capacity, the Company will increase the
amount of ore it is processing from other mines that do not have
milling capacity. Testing of ore from other mines show that the
grades will range from 0.6 oz per ton to 1.45 ozs per ton.
The Company is completing development work that will increase
its proven reserves and increase the production of the mines as it
brings its mills up to capacity and brings additional concessions
on production. The Company currently has two(2) producing gold
mines and a fully operating mill/ Smelter with an excellent
cashflow.
Andes Gold Corporation trades in the United States on the Pink
sheets under the symbol "AGCZ." For further information, please
contact the Company at (561) 210 8496 or at
http://www.andesgoldmine.com/.
NOTE: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving risks and uncertainties. Results, events and
performances could vary from those contemplated. These statements
involve risks and uncertainties which may cause actual results,
expressed or implied, to differ from predicted outcomes. Risks and
uncertainties include but are not limited to product demand, market
competition and Andes Gold Corporation's ability to meet current or
future plans. Investors should study and understand all risks
before making an investment decision. Readers are recommended not
to place undue reliance on forward-looking statements or
information. Andes Gold is not obligated to publicly release
revisions to any forward-looking statement, to reflect events or
circumstances afterward or to disclose unanticipated occurrences,
except as required under applicable laws.
Andes Gold Corporation (561) 210 8496
http://www.andesgoldmine.com/
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