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PanTerra Gold holds an option to purchase the 2200ha San Gerardo concession in Southern Ecuador, exercisable by 20 November 2013. The concession covers seven small-scale underground mines operating in high grade narrow-vein epithermal structures.
Subject to results of a current exploration program, PanTerra Gold intends to expand mining operations within a group of four existing mines during 2012-13 to a total of 300,000 tpa of ore, with a target production of approximately 100,000 oz gold per year from Q4, 2013.
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OWNERSHIP
100%
Expansion of existing underground gold mining operations
TARGET PRODUCTION
96,000 Au (oz per year)
TARGET COMMISSIONING
Q1, 2014
TARGET PROJECT LIFE
12 years
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