Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) continues its ramp up of production in Mongolia following the recent restart in March with gold production in two pours in April totalling approximately 3,350 oz (March 2022, 1,532 oz).
Reagent shipments continued uninterrupted in April and the process of restocking the reagent storage facility is ongoing.
Mining and stacking activities are on plan for the month with Cell 4 stacking nearly complete. The final cell, #5, of the first lift, will be complete by late summer, after which stacking of the second lift will commence. The new crushing unit will be operational in the summer, allowing acceleration of stacking activities.
President and CEO of Steppe Gold, Bataa Tumur-Ochir, said mining activities continued at planned rates with hauling of high-grade blast material at ATO 1 and ATO 4.
He also confirmed recent site visits by qualified persons and consultants as optimisation work on the Phase 2 Expansion continues, to include further drill work and modelling of mining scenarios.
“We are very pleased to report continued ramp up of production at the ATO Gold Mine. All activities at site are running well and we look forward to a successful year of gold and silver production, and regular updates on our very exciting Phase 2 Expansion,” Bataa Tumur-Ochir commented.
The Steppe Gold team recently celebrated the fourth anniversary of our IPO on the TSX. In aspecial message, our CEO, Bataa Tumur-Ochir, congratulated the Steppe team and expressed sincere gratitude to the company’s partners and shareholders for their support. For further information please visit: https://steppegold.com/
