EXPLORATION & DEVELOPMENT

Red Back puts Chirano reserves at 1Moz

RED Back Mining has boosted reserves at its Chirano project in Ghana to more than 1 million ounces based on a gold price of US$325/oz, according to a release put out by the company today.

Michael Quinn

Around 16.08 million tonnes grading 2.1 grams per tonne is now in the reserve category, with about 960,000oz recoverable at a metallurgical recovery of 90%. Results of the Chirano bankable feasibility...

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