Tuesday, 9th October 2007 (1469 views)

As Capital Gold continues to maximise production at its El Chanate gold mine, the company is putting plans into place to enlarge its infrastructure.

With the recent 70 per cent increase in gold reserves at the El Chanate mine, located in Sonora, Mexico, Capital Gold hopes to bring the annual production level of the property from 50,000 ounces per year to 60,000 ounces by the end of next year.

The company also plans to investigate the possibility of increasing production levels to 100,000 ounces per year by 2009, with plans to remain at that level for the duration of the mine life.

Capital Gold is currently considering several aspects of infrastructure expansion, including adding a secondary crushing machine into the crushing circuit, securing additional water rights for increased gold production and leaching operations and has also called upon Golder Engineering to study the impact of the mining increase.

Headquartered in New York City, Capital Gold owns the El Chanate property, which has a proven and probable gold reserve of 832,000 for 2007, according to the company website.

 

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