• Categories
  • Archives

Desert Sun Gets Gold from Reactivated Mine in Brazil

Canada-based gold mining company Desert Sun Mining Corp. poured the first gold from its reactivated Jacobina Mine in the state of Bahia in northeastern Brazil using ore from mine development.

The processing of development ore began in early March with approximately 50,000 tons milled to date. Gold from production ore will begin later in the second quarter.


“This gold pour is the culmination of months of work by the dedicated team of people who are responsible for the smooth development of this project,” commented Bruce Humphrey, Desert Sun’s Chief Executive Officer.


“We are proud to announce this pour in the first quarter of 2005, ahead of schedule. We will continue mine commissioning and expect to ramp up to steady state annual production of 100,000 ounces of gold by the third quarter of this year, and will focus on our development projects that could facilitate a production expansion in 2006 and 2007.”


Desert Sun Mining is a Canadian gold mining company listed on the Toronto Stock Exchange and the American Stock Exchange with 100% ownership of the Jacobina Mine and the 155 km long Bahia Gold Belt in the state of Bahia, in northeastern Brazil.


Proven and Probable mineral reserves are 14,378,000 tons at 2.12 g Au/t containing 980,000 ounces of gold.


As a result of the Desert Sun’s exploration programs to date, Measured and Indicated resources total 24,800,000 tons at 2.53 g Au/t containing 2,050,000 ounces of gold, and Inferred Resources total 22,200,000 tons at 2.61 g Au/t containing 1,900,000 ounces of gold. The mineral reserves are included within the Measured and Indicated mineral resources.


Desert Sun Mining Corp.
www.desertsunmining.com
  
Business Wire

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil About to Master Whole Uranium Industrial Cycle Processing

According to Brazilian military sources, Brazil will be ready to control the whole industrial ...

Brazil’s Focus on Africa and Poor Nations Is Right Choice, Says Lula

In a speech at the launching of the Global Call for Action against Poverty, ...

Brazil and Uruguay to Interconnect Their Electric Systems

The governments of Brazil and Uruguay signed a memorandum of understanding yesterday, July 5, ...

Revenue Down in Brazil by 2%

Brazilian government revenue was US$ 9.581 billion (25.745 billion reais) in November which, although ...

Petrobras to Invest US$ 18 Billion in Brazil’s Santos Basin

Brazilian state owned oil company Petrobras announced today that it will invest during the ...

Archaeology and Identity

Archaeology is practiced by less than 300 people in Brazil, a tiny number of ...

Among Brazilian Indians Children Are More Likely to Die than the Elderly

The Brazilian Ministry of Health’s study, Health in Brazil, 2005, reveals that there are ...

Brazilian Baby Abandoned in Lake Gets Too Many of Would-Be Adoptive Parents

Doctors released a 2-month-old girl from a hospital "in perfect health" Monday, January 30, ...

Brazil Will Stay the Course, High Interest Rates and All

Brazil’s Finance Minister Antonio Palocci said Friday in London there’s no chance that the ...

Lack of Skills Makes 60% of Brazilians Unemployable

Brazil’s Ministry of Labor says that one of the country’s serious development bottlenecks is ...