Frontier Mining restarts operations at Koskuduk early due to good weather

Apr 27. Proactive Investors

By Andre Lamberti

Frontier Mining restarts operations at Koskuduk early due to good weatherKazakhstan-focused copper and gold explorer and developer Frontier Mining Ltd (LON:FML) said it has restarted mining and crushing operations at its Koskuduk gold deposit for 2011.

Koskuduk mining operations close down at the end of November for the winter period and restart in early May each year. This year the mine has reopened a week early as a result of good weather.

The first gold pour has been achieved from previously stacked ore and consisted of 286 ounces of gold and 1,260 ounces of silver.

Chief operating officer Adil Tastanov said: “I am pleased to announce we have restarted operations at Koskuduk ahead of schedule. The target for this year is 6,000 ounces of gold with silver equivalents and we are on track to achieve this.”

Earlier this month, Frontier completed the acquisition of Coville Intercorp and its 50 percent interest in its flagship Benkala copper project in Kazakhstan, after receiving  written and final approval from both the ministry of industry and trade of Kazakhstan and the inter-ministerial committee for the deal.

Benkala is one of Frontier’s most advanced projects in Kazakhstan. In February it unveiled a new JORC resource upgrade for the project, which now has a total JORC resource of 1.56 million tonnes of contained copper, with 183,000 tonnes from oxide ore and 1.37 million tonnes from sulphide ore.

Frontier also owns the Maminskoye gold deposit in the southern Ural region of Russia currently under exploration.

Frontier Mining Ltd is a mineral exploration and development Company focussed on gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties. Frontier currently operates two licenses in Kazakhstan, Naimanjal (100% owned) and Benkala (50% owned). Naimanjal operations currently consist of five projects; a producing gold mine, a test stage gold production project, a potential copper porphyry deposit with associated gold and molybdenum, and copper/gold prospects along a 25km trend including both VMS and porphyry types. Benkala is a copper-molybdenum-gold deposit located in north-western Kazakhstan, within the Urals gold/copper ore belt.

http://www.proactiveinvestors.co.uk/companies/news/27639/frontier-mining-restarts-operations-at-koskuduk-early-due-to-good-weather-27639.html

Share