LATIN AMERICA ROUNDUP — Leach test for La Colorada

Eldorado (VSE) has recovered 1,300 oz. gold from a recent bulk leach test on the La Colorada property near Hermosillo in northwestern Mexico.

Information gathered from the 33,000-ton test will be used to complete a final feasibility study. The junior intends to develop the project into a low-cost, heap-leach gold mine.

Eldorado has a 70% interest and is operator, with Campbell Resources (TSE) holding the remaining interest. At last report, the project hosted near-surface preliminary reserves of 4.9 million tons grading 0.037 oz. gold per ton. However, recent drilling is expected to exceed this and may increase the deposit’s overall grade. The reverse circulation program returned impressive results, including 180 ft. of 0.089 oz. gold and 118 ft. of 0.068 oz. gold.

In late April of this year, Eldorado submitted an environmental impact statement report in support of its application permit to begin full-scale commercial production. A production decision is subject to the permit being received and the final feasibility being completed.