Mar 10 2016
True Gold Mining Inc. ("True Gold" or the "Company") is pleased to announce that it has started irrigating ore on the heap leach pad and is well advanced with commissioning the ADR plant. Mining is ahead of schedule with 600,000 tonnes stockpiled at above average reserve grade. The Karma Mine is on track for first gold pour around the end of March 2016.
The operations team is fully staffed and actively engaged in the ramp up to commercial production. The crushing, agglomerating and stacking circuit is now operating on a 24/7 schedule and has been treating ore at a rate of 600 tonnes per hour.
"With gold production only weeks away and almost five months of mining under our belts we are pleased to see mining costs tracking in-line with the feasibility study. We have purchased all key supplies and reagents and are seeing the benefits of lower prices for fuel, cement and cyanide at below feasibility cost estimates," said Christian Milau, President & CEO of True Gold.
David Laing, MIMMM Chief Operating Officer of True Gold is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and verified that the technical information contained in this release is accurate and approves of the written disclosure of same.
About True Gold
True Gold Mining Inc. is where gold comes to life. We are committed to growing a successful gold production company, by focusing on projects with low costs, low technical risks and solid economics. The Company's board, management and technical teams have proven track records in gold exploration, development, and production worldwide.
ON BEHALF OF THE BOARD
Christian Milau, President & CEO
Source: http://www.truegoldmining.com/