Andes Gold said it will start phase one preliminary assessment of its tailing operation in Ecuador following the accumulation of 5,000t of tailings from several months of output at its properties and adjacent sites.
A return of 3.5g of gold-per-ton of tailings is expected at a $700,000 gross value at current bullion prices, alongside the company’s regular output.
Andes Gold president Alex Diaz said the preliminary assessment of the tailings operation is expected to be profitable for the company.
“We believe we will be in full tailings operation within the next several months,” Diaz said.
Andes Gold is US-registered public company that specialises in the production and exploration of gold with operations in Ecuador, South America.