Dynacor : Veta Dorada Ore Processing Plant Construction 90% Complete
MONTREAL, QUEBEC--(Marketwired - March 22, 2016) - Dynacor Gold Mines Inc. (TSX: DNG)
(OTC: DNGDF)
(Dynacor or the Corporation)
is pleased to release a 3
Advancement
The core plant area is 100% complete, including ore chutes, ore crusher circuits, ball mills, cyanidation tanks and all the civil engineering, access roads, perimeter security and worker accommodation and rest areas. The ore reception area including the ore weighing station and ore storage area are operational.
Installation of the seven (7) cyanidation tanks on their bases has been completed and installation of the two (2) primary ore crushers and the three (3) conical ore crushers is 95% complete. Ore transport conveyor belts for Circuits I, II and III and the two 7'x8' ball mills have been installed.
Construction of the tailing pond is 90% complete, construction of the desorption plant is 75% complete and the laboratory and foundry buildings are 50% complete and should be finished and fully equipped during the month of April.
Construction of the plant is moving forward quickly. Table 1 below, summarizes the progress to date. Photos of the construction are posted every month on the website (www.dynacorgold.com).
Table 1. Construction Status of the Veta Dorada Ore Processing Plant
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% COMPLETE
(March 22,
CONSTRUCTION PHASE 2016) COMMENTS
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Engineering Core plant area 100% complete,
including ore chutes, ore transport
conveyor belts, cyanidation tanks,
100% contention walls
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Installation of two 7'x8'
ball mills and 25, 40
and 150-ton ore hoppers 100% Completed
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Electrical power from At present 250 KW from grid, 1.5 MW
national grid 100% available July 2016
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Construction and QC/QA of the welding and the
installation of the 7 electrical hook-up assembly are
cyanidation tanks currently being performed. Final
95% anticorrosive painting is underway
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Installation of 2 primary
ore crushers and 3
conical ore crushers 95% Electrical hook-up is pending
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Desorption plant building Including civil engineering and
75% equipment installation
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Laboratory and sample Building and equipment to be
preparation building 50% completed in April
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Foundry building Building and equipment to be
50% completed in April
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Water supply, Construction of 2 wells, pumps and
distribution and waste water storage tanks has been
water treatment plant completed. A full water treatment
plant has been installed and
includes biodigesters and tertiary
90% treatment systems
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Tailing pond Phase 1 completed: initial capacity
for 18 months (150,000 tonnes).
Completion in April 2016.
Geomembrane and pumping systems are
90% currently being installed
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Plant electrical systems This is the last step and should be
& power distribution 50% completed and tested in April
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Looking Forward
Once the plant bigins operations, the ore processing capacity of the Veta Dorada plant can be increased from 300 tpd to 360 tpd without any further permitting and with a small capital investment. Furthermore, the entire plant has been designed and engineered to allow further step by step increases to 450 tpd and 600 tpd in the future.
Finally, considerable operational cost savings are expected as compared to Dynacor's current Metalex-Huanca plant including: energy costs, transportation costs, tailing pond cost per ton, lower use of chemical reagents through recycling and lower overall operational costs due a higher ore throughput. Overall these cost savings will lead to an increase in the gross operating margin per ounce of gold produced as compared to the current Metalex-Huanca plant.
Pictures below from top to bottom showing the ball mills and the cyanidation circuit, the weighing station and the pressurized desorption tower.
Ball mills and the cyanidation circuit: http://www.marketwire.com/library/MwGo/2016/3/22/11G088485/Images/picture03-e8fda4825fdc948786f0fe1eaedab76a.jpg
Weighing station: http://www.marketwire.com/library/MwGo/2016/3/22/11G088485/Images/picture02-048595b9a20990c0a62d7779128ea142.jpg
Pressurized desorption tower: http://www.marketwire.com/library/MwGo/2016/3/22/11G088485/Images/picture01-8da8f8a9ce5e828894e64452d0bca4d9.jpg
/EINPresswire.com/ -- ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold ore-processing and exploration corporation active in Peru since 1996. The Corporation differentiates itself from pure exploration companies as it generates income from its wholly owned ore-processing plant. Dynacor's basic share count at 37.4 million outstanding is in the lowest quartile of the resource sector. The Corporation's assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85.000 TPA gold and silver ore processing mill at Metalex-Huanca. The Corporation is currently building a new 300 tpd ore processing plant in Chala (Southern Peru) and expects to begin operations in mid-2016. This new plant represents an important milestone for the Corporation's future growth. The Corporation's strength and competitive advantage comes with the experience and knowledge it has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
FORWARD LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.
Dynacor Gold Mines Inc. (TSX: DNG)
Website:http://www.dynacorgold.com
Twitter:http://twitter.com/DynacorGold
Facebook:http://www.facebook.com/pages/Dynacor-Gold-Mines-Inc/222350787793085
For more information, please contact: Dynacor Gold Mines Inc.
Image Available: http://www.marketwire.com/library/MwGo/2016/3/22/11G088485/Images/picture01-8da8f8a9ce5e828894e64452d0bca4d9.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/3/22/11G088485/Images/picture02-048595b9a20990c0a62d7779128ea142.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/3/22/11G088485/Images/picture03-e8fda4825fdc948786f0fe1eaedab76a.jpg
Jean Martineau
President and CEO
Dynacor Gold Mines Inc.
#1105-625 Boulevard René-Lévesque West
Montreal, Quebec H3B 1R2
T: 514-393-9000 Ext. 228
Dale Nejmeldeen
Director, Investor Relations
Dynacor Gold Mines Inc.
T: 604.492.0099 M: 604.562.1348
E: nejmeldeen@dynacor.com
Ball mills and the cyanidation circuit
Weighing station
Pressurized desorption tower
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