First Of A Number Of Reports To Be Filed On Otso Gold Mine
Otso Gold Corp. (TSXV:OTSO) has unveiled a Mineral Resource Update for the Otso Gold Mine in Finland.
The NI 43-101 Technical Report prepared by John T Boyd is the first deliverable from Boyd and will be followed by an NI 43-101 Feasibility Study, to include estimation of minable reserves.
The new Total Mineral Resources estimate identified 66,500 oz @ 1.260 g/t at the Measured level, 460,700 oz @ 1.064 g/t at the Indicated level for a Total of 527,200 oz @ 1.084 g/t.
Boyd is currently preparing mine designs and a production plan which will be used to begin initial mine preparation, waste removal and the restart of production in September 2021. Further, the mine designs and a production plan will form a part of the feasibility study.
Processing of high grade material will be processed through the existing plant with some flow sheet modifications intended to improve overall recovery. High grade processing is expected to commence in September 2021. Low grade material, which was previously below cut-off grade and was therefore treated as waste, will be treated through a separate circult currently being developed.
President and CEO, Brian Wesson, said the company is working closely with Boyd to complete metallurgical testing which will inform the recommendations in the feasibility in relation to the installation of a separate low-grade circuit, however initial tests are encouraging.
“Otso is pleased with the results of this resource estimate and optimisation of waste management,” Mr Wesson said.
“The Ccmpany looks forward to completion of the Resource Technical Report, as well as the Feasibility Study to follow.
“The results of this work represent the culmination of extensive geological work and the infill drilling program the Company has been completing since February, and represents the final milestone before the restart of production next month.”
For further information please visit: https://www.otsogold.com/