PERTH (miningweekly.com) – Eritrea-focused Chalice Gold could start construction at its Koka openpit mine by the end of the year, depending on the duration of the permitting process, it said on Thursday.
The permitting process was under way, and was expected to go “fairly smoothly”, MD Doug Jones said at a conference.
The Koka deposit forms part of Chalice’s flagship Zara deposit, and hosts an ore reserve of 760 000 oz of gold.
Speaking at the second day of the Africa Downunder conference, in Perth, Jones said that the company was undertaking an “aggressive” exploration programme and was “desperate” to extend its resource to above one-million ounces.
“We have a very extensive ground position and a lot of highly prospective geology,” he noted.
Jones noted that a recent feasibility study into the Koka deposit has found that the project would have “very strong” economics and would offer low prospecting risks.
Demonym Eritrean Government Provisional government
- President Isaias Afewerki
Independence
- From Italy November 1941
- From United Kingdom under UN Mandate 1951
- from Ethiopia de facto 24 May 1991
- From Ethiopia de jure 24 May 1993
Area
- Total 117,600 km2 (100th)
45,405 sq mi - Water (%) 0.14%
Population
- 2009 estimate 5,224,000[4] (109th)
- 2008 census 5,291,370
- Density 43.1/km2 (165th)
111.7/sq mi
GDP (PPP) 2010 estimate
- Total $3.625 billion[5]
- Per capita $681[5]
GDP (nominal) 2010 estimate
- Total $2.117 billion[5]
- Per capita $397[5]
HDI (2007) steady 0.472 (low) (165th)
Currency Nakfa (ERN)
Time zone EAT (UTC+3)
- Summer (DST) not observed (UTC+3)
Drives on the right
ISO 3166 code ER
Internet TLD .er
Calling code 291
1 ,. National TV: Eritrea Television (ERI-TV)
Eritrea (play /ˌɛrɨˈtreɪ.ə/ or /ˌɛrɨˈtriːə/;[6] Ge'ez: ኤርትራ ʾErtrā, Arabic: إرتريا Iritrīyā), officially the State of Eritrea, is a country in the Horn of Africa. The capital is Asmara. It is bordered by Sudan in the west, Ethiopia in the south, and Djibouti in the southeast. The northeast and east of the country has an extensive coastline on the Red Sea, directly across from Saudi Arabia and Yemen. The Dahlak Archipelago and several of the Hanish Islands are part of Eritrea. Eritrea's size is approximately 117,600 km2 (45,406 sq mi) with an estimated population of 6 million...
Source: Wikipedia
comment closed