GoGold Completes Commissioning of SART Plant at Parral
GoGold Completes Commissioning of SART
Plant at Parral
Shares Outstanding: 222,025,246
Trading Symbols: TSX: GGD
OTCQX: GLGDF
HALIFAX
,
March 31, 2020
/CNW/ -
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
("GoGold", "the Company")
is pleased to report that the previously announced SART project has
been successfully installed and commissioned at its Parral Tailings facility located in
Chihuahua,
Mexico
. The SART plant is providing important economic and technical benefits to the Parral facility.
The main economic drivers are the recovery of a high-grade saleable copper sulfide product, the re-
generation of cyanide, which is the largest single operating cost at Parral, and improve the leaching
efficiency of the heap.
"Our team at Parral has successfully adapted agglomerated heap leaching to old mined waste at
Parral, and the SART is a further optimization of this innovation. The operation produces low cost
gold and silver ounces while providing environmental remediation for the town of Parral. We see this
expertise which we've developed over the last 6 years of operation as a real asset to the Company
that may be applicable to the millions of tonnes of mined waste in
Mexico
and beyond," said
Brad
Langille
, President and CEO.
The commissioning phase began late January, and steady production was reached early March. The
plant is currently operating as intended producing copper sulfide precipitate and re-generating
cyanide. This has reduced the need for purchased cyanide by more than 20%, or approximately
$200,000
in the month of March. The revenue attributed to the copper sulfide precipitate is offsetting
the costs of operation of the SART plant.
The company contracted BQE Water of
Vancouver, BC
to design, construct and commission the
plant, with local suppliers fabricating major components. BQE is a world leader in the installation and
operation of SART plants.
Mr.
Robert Harris
, P.Eng. is the qualified person as defined by National Instrument 43-101 and is
responsible for the technical information of this release.
About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on
operating, developing, exploring and acquiring high quality projects in Mexico. The Company
operates the Parral Tailings project in the
state of Chihuahua
and has the Los Ricos exploration
project in the state of
Jalisco
. Headquartered in
Halifax, NS
, GoGold is building a portfolio of low
cost, high margin projects. For more information visit
gogoldresources.com
.
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and
may not be offered or sold within
the United States
or to, or for the benefit of, U.S. persons (as
defined in Regulation S under the U.S. Securities Act) except in compliance with the registration
requirements of the U.S. Securities Act and applicable state securities laws or pursuant to
exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to
buy of any of GoGold's securities in
the United States
.
This news release may contain "forward-looking information" as defined in applicable Canadian
securities legislation. All statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding the Parral tailings project, the Los Ricos project,
future operating margins, future production and processing, and future plans and objectives of
GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-
looking information is based on a number of factors and assumptions which have been used to
develop such information but which may prove to be incorrect, including, but not limited to,
assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern,
general economic and market conditions, mineral prices, the accuracy of mineral resource
estimates, and the performance of the Parral project There can be no assurance that such
information will prove to be accurate and actual results and future events could differ materially from
those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from GoGold's expectations
include exploration and development risks associated with GoGold's projects, the failure to establish
estimated mineral resources or mineral reserves, volatility of commodity prices, variations of
recovery rates, and global economic conditions. For additional information with respect to risk
factors applicable to GoGold, reference should be made to GoGold's continuous disclosure
materials filed from time to time with securities regulators, including, but not limited to, GoGold's
Annual Information Form. The forward-looking information contained in this release is made as of the
date of this release.
SOURCE
GoGold Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/March2020/31/c5151.html
%SEDAR: 00029249E
For further information:
Steve Low, Corporate Development, GoGold Resources, T: 416 855
0435, E: [email protected]
CO: GoGold Resources Inc.
CNW 08:30e 31-MAR-20